2015-03-31_HRA_Agenda_Packet - Laserfiche WebLink

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9a. Attachment A Period, and is not waived by Buyer, this Agreement shall thereupon be void at the written option of Buyer, and Seller shall return the Earnest Money to Buyer, and Buyer and Seller shall execute and deliver to each other documentation effecting the termination of this Agreement. As a contingent Purchase Agreement, the termination of this Agreement is not required pursuant to Minnesota Statutes Section 559.21, et. seq. Buyer shall, at its expense and within a reasonable time after Seller’s acceptance of this Agreement, obtain a commitment for title insurance (“Commitment”) for the Property. Buyer shall have 10 business days after receipt of the later of the commitment and executed Purchase Agreementto examine the same and to deliver written objections to title, if any, to Seller, or Buyer’s right to do so shall be deemed waived. Seller shall have until the end of the Due Diligence Period (or such later date as the parties may agree upon) to make title marketable, at Seller’s cost. In the event that title to the Property cannot be made marketable or is not made marketable by Seller within the Due Diligence Period, then this Agreement may be terminated at the option of Buyer. .Buyer acknowledges that it has been authorized by Seller to enter the Property and conduct environmental investigations of the Property, and has been supplied with the results of prior environmental investigations by Seller. The parties agree and acknowledge that there are no real estate taxes or special assessments levied or pending against the Property. The date of closing shall be on or before June 30, 2015 (“Closing Date”). Delivery of all papers and the closing shall be made at the officesof Buyer, 2660 Civic Center Drive, Roseville, Minnesota or at such other location as is mutually agreed upon by the parties. All deliveries and notices to Buyer shall be made as provided in Section 17 of this Agreement. a. Seller agrees to deliver possession of the Property free of all personal property, junk, barrels, and debris to Buyer not later than the Closing Date. b. Seller shall pay all utility charges, if any, prior to the Closing Date. Seller hereby represents to Buyer and Seller will represent to Buyer as of the Closing Date that: a. The Property is connected to City sewer and City water. b.rior to the closing, Seller shall pay in full all amounts due for labor, materials, machinery, fixtures or tools furnished within the 120 days immediately preceding the closing in connection with construction, alteration or repair of any structure upon or improvement to the Property. 3 458632v2 MNI RS275-9