Agenda - Council - 12/08/2020 - Laserfiche WebLink

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ii. Seller's Affidavit, well disclosure certificate (if required), settlement statement approved by the Donor, and any other documents necessary to effectuate the closing. b. City's Obligations at Closing. At Closing, the City must: i. Provide funds to cover those costs for which the City is responsible under this Agreement; ii. File an e-CRV as necessary. c. Closing costs. i. At Closing, the following Donor closing costs and expenses must be paid by the Donor: 1. Donor's portion of the property taxes prorated to the date of Closing. 2. Donor's own attorney's fees. ii. At Closing, the City must pay the following costs and expenses: 1. City's portion of the property taxes prorated to the date of Closing. 2. City's own attorney's fees. 3. Closing fees. 4. State deed tax. 5. Documentary and recording fees for the deed. 6. Cost of the appraisal. 7. Cost of environmental site assessment. 8. Cost of title commitment and owner's title insurance policy. d. Possession. Donor must deliver possession of the Property at Closing. 10. Entire Agreement. This Agreement constitutes the complete agreement between the parties and supersedes any prior oral or written agreements between the parties regarding the Property. No modification of the terms of this Agreement are effective unless in writing and executed by the parties. 11. Remedy. In the event that, following execution of this Agreement, Donor decides not to donate the Property to the City, Donor shall pay the costs incurred by the City for the title commitment and Phase I environmental site assessment, and shall be responsible for the appraisal costs. 12. Construction. The Parties acknowledge that this Agreement was initially prepared by the City solely as a convenience and that all parties and their counsel hereto have read and full negotiated all the language used in this Agreement. Consequently, no rule of Resolution #20-289 Page 6 of 8