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Agenda - Economic Development Authority - 04/11/2019
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Agenda - Economic Development Authority - 04/11/2019
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3/17/2025 2:21:21 PM
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4/15/2019 3:50:47 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
04/11/2019
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<br /> <br /> ions at Closing. <br />a.At Closing, Seller must deliver to Escrow <br />Agent, for delivery to Buyer: <br /> <br /> <br />i.A limited warranty deed, duly executed and acknowledged on behalf of <br />subject to (A) the lien of real estate taxes, if any, not yet due and payable <br />and any installments of special assessments certified for payment <br />therewith; (B) Building, Subdivision and Zoning Ordinances; (C) Matters <br />that would be disclosed by an accurate survey of the Property; and (D) <br />matters that constitute Permitted Exceptions pursuant to Section 6; <br /> <br /> <br />ii.A certified copy of a duly adopted City Ordinance and Resolution <br /> <br /> <br /> <br />iii.required), settlement <br />statement approved by Seller and Buyer, and any other documents <br />required by the Escrow Agent. <br /> <br /> . <br />b.At Closing, Buyer must: <br /> <br /> <br />i.Wire Transfer (or deliver a certified check in) an amount equal to the <br />amount of <br />of the Earnest Money and to reflect amounts Buyer must pay or will <br />receive pursuant to Section 14(c), to Escrow Agent for disbursement to <br />Seller and others pursuant to this Agreement and the Settlement <br />Statement; and <br /> <br /> <br />ii.File or cause Escrow Agent to file an Electronic Certificate of Real Estate <br />Value, if required and necessary. <br /> <br /> Closing Costs. <br />c. <br /> <br /> <br />i.At Closing, the following Seller closing costs and expenses must be paid <br />from the Purchaser Price or, if the Purchase Price is not sufficient, paid by <br />Seller: <br /> <br /> <br />1. <br /> <br />2. <br /> <br />3.One-half the cost of any closing fees. <br /> <br />4.The cost of real estate broker commission fees as prescribed in <br />Section 15. <br /> <br /> <br />ii.At Closing Buyer must pay the Purchase Price to Seller and the following <br />costs and expenses: <br /> <br />711 <br />Page of <br /> <br /> <br />
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