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2007-06-27 Set Agenda & Handouts
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2007-06-27 Set Agenda & Handouts
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7/18/2007 1:10:35 PM
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6/28/2007 3:53:25 PM
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<br />4. In$pection and Approval of I'Dlprovementa to PrQperty. Seller agrees to <br />complete all improvements to the Property pursuant to the ~~ and approval of <br /> <br />the Purchaser. Seller understands that all improvements are subject to inspection and <br /> <br />approval by the City Building Inspector and must comply with all city, state and federal <br />building roles and regulations. Seller agrees that all goods and materials used to <br />complete the improvements to the Property shall be new. <br />S. eoq,letion of InlProvements to Property. Seller agrees that all <br />improvements to the Property as set forth in Section 2 of this AddeodllJ"l shall be <br />completed no later than November 1, 2007. No extension of time shall be allowed unless <br /> <br />agreed upon in writing between the Parties. It all improvements are not completed by <br /> <br />this date, the Purchaser, at its discreti~ can arrange for the remainder of the <br /> <br />improvements to be completed by independently selected contractors and the costs for the <br /> <br />completion of the remaining improvements will be deducted from any balance owed the <br /> <br />Seller. Seller agrees to provide a two year structural warranty and a one year mecbanical <br />and electrical wamnty for the improvements on the Property. <br />6. C1nmnl^ The closing of the traasaction sbal1 occur on June 29, 2007 (the <br />"Date of Closing"). The closing shall take place in the office of Centerstone Title at their <br />of6ces in Centerville. SeUer agrees to deliver possession of the Property to Purchaser on <br />the Date of Closing. <br />(a> Seller's Closing Documents. On the Date of Closin& SeDer shall execute <br /> <br />and deliver to Purchaser the foBowins: <br /> <br />(i) A contract for deed; <br /> <br />(u) Copies of all site plans, blueprints, plaDs, SUI'VeY8t specifications. <br />ma'flJ8Js, enviromnental studies, warranties and guaranties reJUinS <br />
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