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12/13/2022 (2)
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12/13/2022 (2)
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Last modified
3/16/2023 12:17:21 PM
Creation date
3/16/2023 10:48:56 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
12/13/2022
Meeting Body
Board of County Commissioners
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DigiSign Verified: 8E3E7A25-30D4-4854-B8B3-D6A8A916EB6B <br />Attachment 3 <br />(b) Affidavit. A no -lien and exclusive possession affidavit in form and content <br />customarily used in Indian River County, Florida. The no -lien affidavit shall relate to any activity <br />of Seller at the Property within the period that a mechanic's lien can be filed based on such activity <br />prior to the Closing. <br />(c) Title Insurance. To the extent necessary to permit the Title Company to <br />remove any exception in the Title Commitment for mechanics' and materialmen's liens and <br />general rights of parties in possession, an affidavit as to debts and liens and parties in possession <br />executed by Seller, made to Buyer and the Title Company and in a form reasonably acceptable to <br />the Title Company, along with a GAP Affidavit and any other items reasonably required by the <br />Escrow Agent. <br />(d) FIRPTA Affidavit. In order to comply with the requirements of the Foreign <br />Investment Real Property Tax Act of 1980 ("FIRPTA"), Seller will deliver to Buyer at the Closing <br />Seller's affidavit under penalty of perjury stating Seller is not a "foreign person," as defined in <br />Section 1445 of the Internal Revenue Code of 1986, as amended, and the United States Treasury <br />Regulations promulgated thereunder, setting forth Seller's taxpayer identification number, and that <br />Seller intends to file a United States income tax return with respect to the transfer. Seller represents <br />and warrants to Buyer that it has not made nor does Seller have any knowledge of any transfer of <br />the Property or any part thereof that is subject to any provisions of FIRPTA that has not been fully <br />complied with in all respects. As required by law, if Seller fails to comply with the requirement of <br />this subsection, Buyer shall withhold ten percent (10%) of the Purchase Price in lieu of payment <br />thereof to Seller and pay it over instead to the Internal Revenue Service in such form and manner as <br />may be required by law. <br />(e) Seller's Certificate. A duly executed certification (the "Seller's Certificate") <br />that every warranty of Seller under this Agreement is true and correct as of the Closing as if made <br />by Seller at such time. Such warranties will survive the Closing for a period of 12 months. <br />(f) Corporation Documents, if applicable. A company resolution and <br />incumbency certificate duly executed, authorizing Seller to close the transaction contemplated <br />hereby and execute any and all documents in connection therewith, together with (a) certified, by <br />the Florida Secretary of State, articles of organization [LLC; (b) certified, by the Florida Secretary <br />of State, certificate of active status, and (c) certified operating agreement [LLC]. <br />(g) Other Documents. Any and all other documents as may be reasonably <br />necessary or requested by Buyer in order to fully and completely consummate the transactions <br />contemplated hereby pursuant to the terms of this Agreement. <br />9. Buyer's Deliveries. At the Closing, and after Seller has complied with all of the <br />terms and conditions of this Agreement and simultaneously with Seller's delivery of the documents <br />as specified in this Agreement, Buyer shall: <br />(a) Purchase Price. Pay to Seller, by wire transfer of funds, the Purchase Price, <br />adjusted for the pro rations and other payments provided for in this Agreement; and <br />(b) Buyer's Resolution. Deliver to Seller a resolution, duly executed, <br />authorizing Buyer to close the transaction contemplated hereby. <br />0 <br />142 <br />
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