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2021-124
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2021-124
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Last modified
11/29/2021 3:43:30 PM
Creation date
9/7/2021 2:22:10 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/17/2021
Control Number
2021-124
Agenda Item Number
12.E.1.
Entity Name
TIGR Acquisitions III, LLC
(with consulting from SteepSteel LLC)
Subject
Purchase and Sale Agreement for 810 Bailey Road Tower
supporting doscuments added 11_29_21; signed by county admin
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EXHIBIT 'B' <br /> Closing Instruction Letter <br /> 1) n Seller and Purchaser to execute in Counterpart this Escrow Agreement. Facsimile or Originals <br /> to be provided to TitleVest Agency, LLC (1 Copy or Original) <br /> 2) ❑ Seller and Purchaser to Execute,Notarize and Witness the Easement Agreement and other <br /> required documents in form for recording/filing, together with recording/filing fees and transfer <br /> taxes. Original fully executed document to be forwarded to TitleVest Agency, LLC (2 Originals) <br /> 3) n Seller and Purchaser to execute the Settlement Statement and forward originals to TitleVest <br /> Agency,LLC (1 Original or Copy-with 1 Original to be received within 2 business days of <br /> closing) <br /> 4) E. Seller to provide Owners Affidavit executed and notarized by all Sellers. (1 Original) <br /> 5) ❑ Seller to provide Corporate Resolution executed. (1 Original or Copy). <br /> 6) ❑ Seller to complete Exhibit 'C' of this Escrow Agreement. In the event the Seller Disbursement <br /> Authorization is not completed as enclosed the Escrow Agent shall forward Sellers Proceeds via <br /> standard U.S. Mail to the address for Seller as set forth with its signature above. <br /> 7) ❑ If there is one or more mortgages on this property the Seller is to provide a fully executed <br /> Subordination Non-Disturbance and Attornment Agreement from all Lender's listed as <br /> Mortgagee's on the Mortgage Schedule of the Title Report. <br /> 8) 17 If Seller is an LLC, then the following must be provided prior to closing: <br /> a. Proof of due formation: <br /> i. Proof of filing of the Articles of Organization with the Secretary of State; <br /> ii. Proof of publication of the Article of Organization (or a notice containing the <br /> substance of the articles). <br /> b. Articles of Organization and Operating Agreement must be produced and reviewed; <br /> additional exceptions may be raised upon review of same. <br /> c. Proof is required that there has been no change in the make-up or composition of the <br /> organization, and that there have been no amendments to the Articles of Organization or <br /> Operating Agreement. Proof is required that the party or parties executing instruments on <br /> behalf of the organization have authority to act. <br /> Asset File#:TwPA0035492 Page 6 of 7 <br />
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