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01/21/2020 (2)
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01/21/2020 (2)
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Last modified
5/8/2023 9:22:44 AM
Creation date
6/17/2020 1:29:50 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
01/21/2020
Meeting Body
Board of County Commissioners
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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 />6.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") <br />shall take place within thirty (30) days following the execution of the contract by the <br />Chairman of the Board of County Commissioners. The parties agree that the Closing shall <br />be as 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 (including ccpt current taxes which are not yet due and <br />payable) shall be paid by the Seller. <br />7. Personal Property. <br />7.1 The Seller shall have removed all of its personal property, equipment and trash from <br />the Property. The Seller shall deliver possession of the Property to County vacant and in <br />the same or better condition that existed at the Effective Date hereof. <br />7.2 Seller shall deliver at Closing all keys to locks and codes to access devices to <br />County, if applicable. <br />8. Closing Costs; Expenses. County shall be responsible for preparation of all Closing <br />documents. <br />8.1 County shall pay the following expenses at Closing: <br />8.1.1 The cost of recording the warranty deed and any release or satisfaction obtained by <br />Seller pursuant to this Agreement. <br />8.1.2 Documentary Stamps required to be affixed to the warranty deed. <br />95 <br />
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