01/12/23 - Laserfiche WebLink

Home

DocuSign Envelope ID:B6D89C5B-9EC5-4BD5-9144-716EC1C4A22B Hazardous Substance is located on'or under the Property,or has migrated from or to the Property. 12. NOTICES.Notices permitted or required by this Agreement must be in writing and shall be deemed given when delivered in legible form to the party to whom addressed. Notices may be sent by certified mail or e-mail.Notices are effective two business days after they are mailed via certified mail,return receipt requested or, if sent by email,upon email transmission(provided that any email transmission that occurs after 5:00 pm Central Time will be deemed provided on the following day). If delivered at the Closing, a notice shall be deemed given when hand-delivered to the party's representative at the Closing. The business addresses of the parties are as follows: Seller: City Administrator City of Ramsey 7550 Sunwood Drive N.W. Ramsey, MN 55303 Email: bhagen(a_),cityoframsey.com Buyer: THE SCHIEBOUT FAMILY LIMITED PARTNERSHIP, LLLP Emily Allegra 8445 Bunker Lake Blvd.NW Ramsey,MN 55303 Email: emily@schieboutfa.com Notices not given in the manner or within the time limits set forth in this Agreement are of no effect and may be disregarded by the party to whom they are directed. 13. CLOSING. This transaction shall close within 30 days after Buyer delivers a Notice to Proceed to Seller or on such earlier date as Seller and Buyer may establish by mutual, written agreement;provided, however, Buyer may extend the Closing a total of two (2) times, each time for a period of sixty(60) days,by depositing an additional One Thousand and 00/100 Dollars ($1,000.00) earnest money with Escrow Agent for each extension. Each $1,000 extension payment shall be non-refundable,but applicable to the Purchase Price. The Closing shall take place at the offices of the Escrow Agent, or at some other place as the parties may mutually agree prior to such date. At the option of either Party, the executed closing documents,Purchase Price and closing costs may be deposited with the Escrow Agent and disbursed by the Escrow Agent pursuant to avoid the necessity for a Closing at which the Parties are present. a. Seller's Obligations at Closing.At Closing, Seller must deliver to Escrow Agent, for delivery to Buyer: i. A limited warranty deed, duly executed and acknowledged on behalf of the City and with the City's seal affixed, conveying title to the Property, subject to(A)the lien of real estate taxes,if any,not yet due and payable and any installments of special assessments certified for payment therewith;and(B) 2636471.0 Page 6 of 12