2025-059 Ordinance - Laserfiche WebLink

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Materials on or about the Property other than as previously disclosed by Seller to Buyer, Seller agrees to provide to Purchaser all information and data as to such Hazardous Materials immediately upon receipt of same. 9. Personal Property. Seller reserves the right to remove from the Property, and thereby not include in the conveyance thereof, any and all movable equipment, furniture, draperies, carpeting (including padding), playground equipment, and other personalty and fixtures, whether affixed to the Property or the structures located on the Property or otherwise December 31, 2027. If the Beard Seller fails to remove any such item prior to the Closing date, those items remaining on the Property shall be included as part of the Property sold and conveyed to the purchaser. The Board Seller waives any right to thereafter remove those items from the Property, and the purchaser agrees to accept them. 10. Taxes Assessments and Utilities. Seller shall promptly pay when due all real property taxes on the Property for all years prior to the year of Closing. Real property taxes shall be prorated at Closing based on the net general taxes for the current year, if known, otherwise on the basis of the net general taxes for the preceding year at the rate of one hundred percent (100%) thereof, which proration shall be final. Seller shall pay at Closing the prorated amount of all special assessments affecting the Property then due and payable as of Closing. The Seller will pay utility charges relating to the Property up to, but not including, the date of the Closing. 1 I . Closing. The closing for the purchase and sale of the Properties shall be completed on or before December 31, 2027 (the "Closing"). The Seller shall, at the Closing, convey title to the Property to the Purchaser by limited warranty deed. The Purchaser shall be responsible for the costs of the title search and exam, title commitment, title insurance premiums, endorsements to the title policy, survey, legal description and lot split approvals. Seller shall be responsible for the costs of the Title Company's closing fee, transfer tax and Seller's closing protection insurance. Any other costs not specifically addressed in this Article or elsewhere in this Agreement shall be the Purchaser's responsibility. 12. Deliveries at Closing A. At Closing, the Seller shall deliver the following documents and instruments: (1) the Seller's duly signed limited warranty deed conveying the Properties to the Purchaser; and (2) such items and documents as may be necessary for the Title Company to complete the Closing. B. At Closing, the Purchaser shall deliver the following documents and instruments: (1) the purchase price and all other costs listed in this Agreement to be paid by Purchaser; and (2) such items and documents as may be necessary for the Title Company to complete the Closing. C. Seller covenants that the proceeds it receives under this Agreement shall be deposited into and accounted for in a special fund for the construction or acquisition of permanent improvements, and shall be used only for expenditures consistent with the purposes of such fund. lJ