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Agenda - Council - 07/26/2022
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Agenda - Council - 07/26/2022
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3/14/2025 2:34:54 PM
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7/26/2022 3:38:41 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/26/2022
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Date: July 15, 2022 <br /> Page 7of9 <br /> 5. SPECIAL ASSESSMENTS. Buyer shall pay on or before the date of closing all current special <br /> assessments, pending or levied, for the property being purchased. <br /> 6. STATE DEED TAX. Buyer shall pay the cost of any state deed tax stamps required to be attached <br /> to the deed upon recording thereof in accordance with the requirements of any lawful authority. <br /> Buyer shall pay the cost of any Mortgage Registration Tax and the cost of any Title Insurance <br /> premium in connection with the purchase. <br /> 7. HAZARDOUS WASTE AND TOXIC SUBSTANCES. Seller shall provide all information to Buyer, <br /> within 10 days of the execution of this Purchase Agreement any Phase I and/or Phase II or any other <br /> Environmental tests that have been performed in the last twenty-four (24) months on the Property to <br /> Buyer. The Buyer, at its expense, may perform additional environmental testing to confirm that the <br /> premises are free and clear of any hazardous wastes or toxic substances. If such tests determine <br /> that said premises are contaminated and Seller does not correct said contamination, this agreement <br /> shall be null and void, all earnest money refunded to the Buyer and Buyer have no further recourse <br /> against Seller. Notwithstanding anything herein to the contrary, Buyer shall be solely responsible to <br /> determine whether there is any hazardous wastes and/or toxic substances on the property. Seller <br /> makes no representations as to the absence and/or presence of such wastes or substances. Buyer <br /> specifically waives and relinquishes any and all claims against the Seller for any costs, liability, and <br /> reimbursement for costs to clean the property relating to the presence of any hazardous wastes <br /> and/or toxic substances that may be on the property. This provision shall survive the delivery of the <br /> Quit Claim Deed at Closing. <br /> 8. REPRESENTATIONS OF SELLER. The parties signing this Agreement on behalf of Seller, hereby <br /> represent and warrant to Buyer that such persons have all authority to sign this Agreement on behalf <br /> of Seller. <br /> 9. DOCUMENTATION TO BUYER: Seller agrees to provide to the Buyer the following items within a <br /> reasonable time period following acceptance of this agreement: <br /> A. A true, correct and complete copy of any and all leases and rental agreements, with current <br /> occupants, including security deposits on file. <br />
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