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2016-10-17_EDA_Agenda_Packet
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2016-10-17_EDA_Agenda_Packet
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11/22/2016 3:11:27 PM
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Economic Development Authority
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9b. Attachment C <br />(4):DOCUMENTS TO BE DELIVERED AT CLOSING BYTHESELLER. In <br />addition to the Warranty Deed required at paragraph 2B(3) above, the Seller <br />shall deliver to the Buyer: <br />a. Standard form Affidavit of Seller. <br />b.A “bring-down” certificate, certifying that all of the warranties made <br />by Seller in this Agreement remain true as of the Closing Date. <br />c.Certificate that the Seller is not a foreign national. <br />d. If an environmental investigation by or on behalf oftheBuyer <br />discloses the existence of petroleum product or other pollutant, <br />contaminant or other hazardous substance on the Property, <br />either (i) a closure letter from the Minnesota Pollution Control <br />Agency (MPCA) or other appropriate regulatory authority that <br />remediation has been completed to the satisfaction of the MPCA or <br />other authority; or (ii) Agreement for remediation/indemnification <br />and security as the Buyer may require. <br />e.Well disclosure certification, if required, or, if there is no well on the <br />Property, the Warranty Deed given pursuant to paragraph 2B(3) <br />above must include the following statement: “The Seller certifies that <br />the Seller does not know of any wells on the described real property.” <br />The Seller agrees to have all wells located on the Property, which <br />are not in use, sealed by a licensed well contractor at the Seller’s <br />expense. <br />The Seller agrees to escrow funds on the Closing Date for the <br />purpose of locating and sealing wells if circumstances prohibit <br />locating and sealing wells prior to closing. <br />f.Methamphetamine Disclosure Certificate. <br />g.Any other documents reasonably required by the Buyer’s title <br />insurance company or attorney to evidence that title to the <br />Property is marketable and that the Seller has complied with the <br />terms of this Agreement. <br />Contingencies. <br />3.TheBuyer’s obligation to buy is contingent upon the following: <br />a.The Buyer’s determination of marketable title pursuant to paragraph 4of this <br />Agreement; <br />b.The Buyer’s determination, in its sole discretion, that the results of any <br /> <br />
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