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Agenda - Economic Development Authority - 08/10/2023
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Agenda - Economic Development Authority - 08/10/2023
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3/14/2025 12:39:46 PM
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8/4/2023 3:35:05 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
08/10/2023
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iv. Seller's affidavits, well disclosure certificate (if required), settlement <br />statement approved by Seller and Buyer, and any other documents <br />required by the Escrow Agent; and <br />v. All other agreements, documents and instruments necessary or <br />incident to consummation of the transactions contemplated hereby. <br />b. Buyer's Obligations at Closing. At Closing, Buyer must: <br />i. Wire Transfer (or deliver a certified check in) an amount equal to the <br />amount of the Purchase Price adjusted for to reflect Buyer's prior payment <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; <br />ii. Execute and deliver the Right of Re -Entry Agreement provided for in <br />Section 28 below; <br />iii. File or cause Escrow Agent to file an Electronic Certificate of Real Estate <br />Value, if required and necessary; and <br />iv. All other agreements, documents and instruments necessary or <br />incident to consummation of the transactions contemplated hereby. <br />c. Closing Costs. <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 />1. Seller shall pay all outstanding property taxes, including but not <br />limited to, payable 2024 for the Property. <br />2. Seller shall pay all special assessments levied or pending against <br />the Property as of the Closing Date. <br />3. Seller's own attorney's fees. <br />4. One-half the cost of any closing fees. <br />5. The cost of real estate broker commission fees as prescribed in <br />Section 14. <br />6. State Deed Tax. <br />7. Cost of issuance of the Title Commitment. <br />ii. At Closing Buyer must pay the Purchase Price to Seller and the following <br />costs and expenses: <br />-9- <br />Error! Unknown document property name. <br />
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