Agenda - Economic Development Authority - 10/10/2024

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Government Approval: Seller Deliveries: Buyer's Work: Seller's Work: Access and Signage: Closing: Closing Costs: • Property Access; • Zoning; • Tenant Approval; and • Site Plan Approval Buyer shall, within one hundred fifty (150) days after the Due Diligence Period (the "Approval Period"), obtain any and all necessary approvals from all governmental bodies or agencies with jurisdiction over the Premises and any non -governmental third parties whose approval is required for Buyer's intended use of the Premises, on terms and with conditions, if any, acceptable to Buyer, including without limitation approval of any zoning change, wetland mitigation, storm water drainage plan, sewer or water service and capacity request, access and street development plans, utility plans, plat, subdivision, grading plan, signage plans and any other development or development related plans (collectively, the "Approvals") Within five (5) business days of the Effective Date of the Purchase Agreement, and only to the extent Seller has any listed items below in Seller's Possession. Seller shall provide Buyer with information in Seller's possession regarding: • Current Title Commitment with all permitted exceptions; • Survey; • Environmental Report; • Geotechnical Report; • Plat; • Civil Plans and specifications including storm water detention, roadways, utilities, and the like; • Wetland Mitigation; and • Any other information in Seller's possession. In addition to Buyer's construction, Buyer will be responsible to install the right in deceleration lane on Armstrong Boulevard and any required private interior drives. No Sellers Work. Seller shall deliver, and Buyer shall accept the Property As Is/ Where Is; provided however, all debris shall be removed. Provided however, Seller shall deliver the Property with all wetlands mitigated and with buildable soils. Access to the Property shall generally be depicted on Exhibit A. Buyer shall be granted a monument or pylon sign for each lot of the Platted Lots. Closing to occur thirty (30) days following completion of the Approval Period. Buyer and Seller shall pay per local custom for all transfer tax, deed tax, recording and other closing costs as determined by the Title Company. Seller shall pay the cost of the Title Commitment. Buyer shall pay the cost of any title policy and any endorsements.