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2016-100A
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2016-100A
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Last modified
8/29/2016 11:15:43 AM
Creation date
8/29/2016 11:15:42 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
07/05/2016
Control Number
2016-100A
Agenda Item Number
8.M.
Entity Name
Datapath Tower LLC
Subject
Purchase Agreement former County Jail Site Towers
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(c) If County is obligated to discharge any encumbrances at or prior to Closing and fails <br /> to do so, Buyers may use a portion of Purchase Price fund to satisfy the encumbrances. <br /> (d) If the County is a non-resident alien or foreign ent ty, County shall deliver to the <br /> Buyers an affidavit, in a form acceptable to the Buyers, ce ifyirig that the County and any <br /> interest holders are not subject to tax under the Foreign Inv stm ant and Real Property Tax <br /> Act of 1980. <br /> (e) The County and the Buyers shall each deliver to thether such other documents or <br /> } instruments as may reasonably be required to close this tr _nsactiori. <br /> I <br /> 6.2 Taxes. All taxes and special assessments which are a lien upon the property on or <br /> I prior to the Closing Date (except current taxes which are not yet due and payable) <br /> shall be paid by the County. <br /> 7. Closing Costs; Expenses. Buyers shall be responsib a for preparation of all Closing <br /> documents. <br /> 7.1 Buyers shall pay the following expenses at Closing: <br /> 7.1.1 The cost of recording the warranty deed and any release or satisfaction <br /> obtained by County pursuant to this Agreement. <br /> 7.1.2 Documentary Stamps required to be affixed to the I warranty deed <br /> 7.1.3 All costs and premiums for the owner's marketability title insurance <br /> commitment and policy, if any. <br /> 7.1.4 Current taxes which are not yet due and payable <br /> 7.2 County shall pay the following expenses at or prior tc Closing:i <br /> 7.2.1 All costs necessary to cure title defect(s) or encumbrances, other than the <br /> Permitted Exceptions, and to satisfy or release of record al existing mortgages, liens or <br /> encumbrances upon the'Property. <br /> 8. Miscellaneous. <br /> 8.1 Controlling Law. This Agreement shall be construe and enforced in accordance <br /> with the laws of the State of Florida. Venue shall be in Indian Iriver Buyers for all state <br /> court matters, and in the'Southem District of Florida for alled&ral court matters. <br /> 8.2 Entire Agreement. This Agreement constitutes the ntir i agreement between the <br /> parties with respect to this transaction and supersedes all prior agreements,written or oral, <br /> between the County and the Buyers relating to the subject matte hereof. Any modification <br /> -3- <br />
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