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2008-126
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2008-126
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Last modified
3/30/2016 9:51:50 AM
Creation date
10/1/2015 12:07:17 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/22/2008
Control Number
2008-126
Agenda Item Number
8.F.
Entity Name
Yoko Osawa and Yuko Matsuda
Subject
Land Acquisition CR 512
Area
CR 512
Supplemental fields
SmeadsoftID
6991
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4 <br /> Parcel ID # 20-31 -38-00000-7000-00004.0 <br /> 5 . Default. <br /> 5 . 1 In the event of a default by the County, the Seller shall be entitled, as its sole remedy <br /> hereunder, to terminate this Agreement and neither the Seller nor any other person or party shall have <br /> any claim for specific performance, damages or otherwise against the County. <br /> 5 . 2 In the event the Seller shall fail to perform any of its obligations hereunder, the County shall <br /> be entitled to : (i) terminate this Agreement by written notice delivered to the Seller at or prior to the <br /> Closing Date, (ii) obtain specific performance of the terms and conditions hereof, or (iii) waive the <br /> Seller' s default and proceed to Closing. <br /> 6 . Closing. <br /> 6 . 1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") shall take <br /> place within thirty (30) days following the Effective Date of this Agreement. The parties agree that <br /> the Closing shall be as follows : <br /> (a) The Sellers shall execute and deliver to the County a warranty deed conveying marketable <br /> title to the Property. <br /> (b) The Sellers shall have removed all of its personal property and equipment from the Property <br /> and Sellers shall deliver possession of the Property to County vacant and in the same general <br /> condition that existed at the Effective Date hereof. <br /> (c) The Sellers shall deliver to the County an affidavit, in form acceptable to the County, <br /> certifying that the Sellers are not non-resident aliens or foreign entities, such that the Sellers <br /> and such interest holders are not subject to tax under the Foreign Investment and Real <br /> Property Tax Act of 1980. <br /> (d) The Seller and the County shall each deliver to the other such other documents or <br /> instruments as may reasonably be required to close this transaction. <br /> (e) In the event there is no closing of this transaction within ninety (90) days of the date of <br /> Sellers ' execution of this Agreement to Purchase and Sell Real Estate, then this Agreement <br /> shall terminate and the parties hereto shall be released forthwith from any and all obligations <br /> and liabilities under this agreement. <br /> 6 .2 (a) County will pay documentary stamp tax , all recording fees, and all costs associated <br /> with the preparation of all closing documents. <br /> (b) County will pay the amount of $ 10,000.00 to Brigham, Moore, LLP, as a reasonable <br /> sum for attorney' s fees. <br /> (c) County will pay the amount of $3,773. 00 to JMD Engineering, Inc. , as a reasonable <br /> sum for engineering services on behalf of the Seller. <br /> (d) County will pay the amount of $1 ,980.00 to Donald Money, LLC , as a reasonable <br /> 2 <br />
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