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2015-196
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2015-196
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Last modified
3/31/2017 8:27:29 AM
Creation date
10/15/2015 11:43:16 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/13/2015
Control Number
2015-196
Agenda Item Number
8.B.
Entity Name
Audrey Graves Sexton
Subject
Purchase Agreement intersection improvement
Deed, Title Insurance
Area
1203 Oslo Road and 66th Avenue
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Original <br />no documents in the Public Records which would affect title to the Property, without the <br />prior written consent of the County. <br />4.3.1 There are no existing or pending special assessments affecting the Property, which <br />are or may be assessed by any govemmental authority; water or sewer authority, school <br />district, drainage district or any other special taxing district. <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 shallfail 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) obtainspecific 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 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) The Seller shall have removed all of its personal propertyand equipmentfrom the <br />Property and Seller shall deliver possession. of the Property to County vacant and in the <br />same or better condition that existed at the Effective Date hereof. <br />(c) If Seller is obligated to discharge any encumbrances at or prior to Closing and fails <br />to do so, County -.may use a iportiOn ofPurchase Price -funds -to -satisfy the encumbrances. <br />(d). If the Seller is anon -resident alien orforeign:entity, Seller shallideliverto 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 />3 <br />
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