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73A-90 Acquire 14815-19 Detroit Ave
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73A-90 Acquire 14815-19 Detroit Ave
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Last modified
5/14/2013 3:06:39 PM
Creation date
9/5/2003 11:32:03 AM
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Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
10/1/1990
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of satisfying any taxes, assessments, liens or encumbrances <br />required to be discharged by this Agreement; (4) any real estate <br />commissions required to be paid by Seller; (5) the amount of any <br />prorations due Buyer under this Agreement; and (6) one-half <br />(1/2) of the escrow fee. <br /> <br /> B. Charges Against Buyer. Buyer shall be charged <br />with the following costs to be deducted by the Escrow Agent from <br />funds due buyer, if any, or to be paid by Buyer prior to <br />transfer of title: (1) the costs of the Location Service or <br />Survey; (2) the cost of the special tax search; (3) the costs <br />incident to filing the Deed and any mortgage(s) placed upon the <br />property and (4) one-half (1/2) of the escrow fee. <br /> <br /> C. Other Charges. Taxes and assessments, both general <br />and special, shall be prorated by the Escrow Agent as of the. <br />date of title tranSfer based on the last available tax <br /> <br />duplicate. Seller shall pay from escrow all utility charges to <br />the date of transfer of title, or the date Seller vacates the <br />Property, whichever date is later. <br /> <br /> 9. This Purchase Agreement is contingent upon the <br />following terms and conditions: <br /> <br />Approval by City Council by the adoption of an <br />ordinance or resolution authorizing the Mayor to <br />sign this Agreement on behalf of the City of <br />Lakewood. If such approval is not granted by the <br />adoption of such legislation, or such legislation <br />is set aside by referendum or court action, this <br />agreement shall be void ab initio and both parties <br />be returned to their original position. Buyer <br />shall have 90 days to obtain such approval; <br /> <br />Seller shall, at its cost, furnish Buyer with an <br />EPA compliance inspection certificate prior to <br />closing and Buyer shall have the right to terminate <br />this agreement if it is not satisfied with the <br />result; and <br /> <br />Seller is to provide a complete rent and lease roll <br />to Buyer. Seller represents that no tenant in the <br /> <br /> <br />
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