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2011-222
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2011-222
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Last modified
2/17/2016 11:57:48 AM
Creation date
10/1/2015 4:54:52 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/01/2011
Control Number
2011-222
Agenda Item Number
8.G.
Entity Name
Skate Solutions Inc.
Subject
Agreement Purchase Right-of-Way Intersection Improvements 5th St. SW
Area
485 27th Ave. SW
Supplemental fields
SmeadsoftID
11659
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Original <br /> 5 . Default. <br /> 5 . 1 In the event the County shall fail to perform any of its obligations hereunder, the <br /> Seller shall , at its sole option , be entitled to : (i) terminate this Agreement by written notice <br /> delivered to the County at or prior to the Closing Date and thereupon neither the Seller nor <br /> any other person or party shall have any claim for specific performance , damages , or <br /> otherwise against the County; or (ii) waive the County's default and proceed to Closing . <br /> 5 . 2 In the event the Seller shall fail to perform any of its obligations hereunder, the <br /> County shall , at its sole option , be entitled to : ( i) terminate this Agreement by written notice <br /> delivered to the Seller at or prior to the Closing Date and thereupon neither the County nor <br /> any other person or party shall have any claim for specific performance , damages or <br /> otherwise against the Seller; or (ii) obtain specific performance of the terms and conditions <br /> hereof; or (iii) waive the Seller's default and proceed to Closing : <br /> 6 . Closing <br /> I <br /> 6 . 1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") <br /> shall take place within 45 days following the execution of the contract by the Chairman of <br /> the Board of County Commissioners . The parties agree that the Closing shall be as <br /> follows : <br /> (a) The Seller shall execute and deliver to the County a warranty deed conveying <br /> marketable title to the Property , free and clear of all liens and encumbrances and in the <br /> condition required by paragraph 3 . <br /> (b) If Seller is obligated to discharge any encumbrances at or prior to Closing and fails <br /> to do so , County may use a portion of Purchase Price funds to satisfy the encumbrances . <br /> (c) If the Seller is a non-resident alien or foreign entity, Seller shall deliver to the County <br /> an affidavit, in a form acceptable to the County , certifying that the Seller and any interest <br /> holders are not subject to tax under the Foreign Investment and Real Property Tax Act of <br /> 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 /> 6 . 2 Taxes . All taxes and special assessments which are a lien upon the property on or <br /> prior to the Closing Date (except current taxes which are not yet due and payable) <br /> shall be paid by the Seller. <br /> 7 . Closing Costs ; Expenses . County shall be responsible for preparation of all Closing <br /> documents . <br /> 7 . 1 County shall pay the following expenses at Closing : <br /> 3 ` <br />
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