e. Jail land-purchase agreement
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e. Jail land-purchase agreement
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12/9/2008 10:23:05 AM
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<br />This Agreement has been duly executed and delivered by the BUYER and is a legal, <br />valid and binding obligation of the BUYER enforceable against it in accordance with its <br />terms. <br /> <br />9.3 All of the covenants, agreements, representations and warranties of the <br />BUYER contained in this Agreement shall be deemed remade on and as of Closing, <br />shall survive the Closing, and shall not be deemed to merge upon the delivery and <br />acceptance of SELLER's Deed. <br /> <br />10. SELLER's Representations and Warranties. The SELLER represents and <br />warrants as follows: <br /> <br />10.1 The SELLER is a North Dakota Limited Partnership <br /> <br />10.2 The SELLER has good and marketable title to the Property, free and clear <br />of all liens and encumbrances, taxes and special assessments, except as documented <br />within this Agreement. <br /> <br />10.3 The SELLER now has, and at Closing the SELLER or any assignee will <br />have, the requisite power and authority to enter into and perform the terms of this <br />Agreement. The execution and delivery of this Agreement and the consummation of the <br />transaction contemplated hereby have been duly authorized by all necessary parties <br />and no other proceedings on the part of the SELLER are or, at Closing, will be <br />necessary in order to permit it to consummate the transaction contemplated hereby. <br />This Agreement has been duly executed and delivered by the SELLER and is a legal, <br />valid and binding obligation of the SELLER enforceable against it in accordance with its <br />terms. <br /> <br />10.4 All of the covenants, agreements, representations and warranties of the <br />SELLER contained in this Agreement shall be deemed remade on and as of Closing, <br />shall survive the Closing, and shall not be deemed to merge upon the delivery and <br />acceptance of SELLER's Deed. <br /> <br />10.5 SELLER has not received notice from any governmental authority or other <br />party or entity of any violation of laws, ordinances or regulations with respect to the <br />Property. SELLER has not received notice of breach of any restrictive covenants. <br /> <br />11. Mounded Soil. The Property currently has soil mounded above the natural <br />grade. If SELLER has need of the mounded portion of the soil prior to BUYER <br />undertaking a construction project on the Property, SELLER may remove the mounded <br />portion, down to the natural grade at its discretion. If the BUYER undertakes a <br />construction project on the Property, the BUYER may use up to 20% of the mounded <br />soil as part of its construction project and shall remove the remainder of the mounded <br />soil to SELLER's adjacent property. In the event BUYER exercises the option provided <br />for in paragraph 2 above, BUYER may use an additional 20% of the mounded soil <br />without cost. In either case, the cost of removal of the mounded soil shall be at the <br />expense of the BUYER. The provisions of this paragraph shall survive closing and be <br />binding on SELLER and BUYER following closing. <br /> <br />12. Asbestos & Environmental Hazards. The SELLER discloses to the BUYER <br />that it is not aware of any asbestos material, hazardous or toxic wastes or other <br />environmental hazards on the Property, whether as a result of SELLER's activities, of <br />predecessor owners' or of others' . <br /> <br />5 <br />
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