2022-09-14 City Council Packet - Laserfiche WebLink

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Centerville Schifsky PA version 09092022-2 for Council Packet othercontractsforthesaleoftheRealProperty,norarethereanyrightsoffirstrefusal or options to purchase the Real Property or any other rights of others that might prevent the consummation of this Agreement. As of the date of this Agreement and the Closing Date, there are no agreements or understandings between Seller and any other parties which materially affect the operation or financing of the Real Property as currently operated by Seller that have not been disclosed to Buyer pursuant to this Agreement. F. Seller's Defaults. Seller is not in default concerning any of its obligations or liabilities regarding the Real Property. G. FIRPTA. Seller is not a "foreign person", "foreign partnership", "foreign trust" or "foreign estate" as those terms are defined in Section 1445 of the Internal Revenue Code. H. Proceedings. There is no action, litigation, investigation, condemnation, or proceeding of any kind pending or to the best knowledge of Seller, threatened against Seller or any portion of the Real Property. I. Insurance. As of the date of this Agreement and the Closing Date, Seller has received no notice or complaint from any insurance underwriter relating to the condition of or operations of the Real Property, and Seller represents that Seller ensation insurance. J. Well Disclosure/Storage Tanks. There are no wells, monitoring wells or storage tanks on the Real Property within the meaning of Minn. Stat. § 103.I. This warranty is given pursuant to Minn. Stat. § 103.I. K. Methamphetamine Production methamphetamine production has occurred on the Real Property. L. Special Assessments. There are no pending or levied assessments in connection with the Real Property. The Buyer has agreed to make in kind payments related to assessments as part of its financial commitments as set forth in Exhibit B and Exhibit C, hereto. M. Documents. Seller has or will promptly provide Buyer accurate and complete c possession regarding the Real Property. N. Community Development Block Grants. Seller used funds from Community Development Block Grants to improve the Real Property. These Grants created conditions that run with the land and will bind future owners. Buyer is required to obey these conditions as set forth in the Grant documents. Buyer agrees and shall conform to all requirements of the Grants as if it were the Seller, and in the event that Buyer does not honor these obligations, and if such failure continues for a period of thirty (30) days after written notice thereof, Seller shall have the right to take any action nd Seller agree to transfer the obligations and conditions set forth in this subparagraph into a future Developers Agreement between the parties. O. Memorandum Of Understanding. A Memorandum of Understanding, 3