81005739 - Laserfiche WebLink

Browse

~ ]. --i) G 5'73 ~ (b}', 2"3~e aid Puce for Deliverer o£ med. Zhe Agency shall deliver the dedd''atiid' possession of the property tb the Redeveloper upon payment of the purchase price in-full for specific parcels upon such date as the parties ~~' hereto may mutually agree in writing, but no later than ~_ Fir (4) _~ '~~- meceths from the date of the agreement. Conveyance shall b e made at the principal office of the Agency, and Redeveloper shall accept such conveyance ~ gay to the Agency at such time and place the purchase price in full. A11 of the-prope+rt is to be conveyed and paid for at one time. (e) A~portloaauaat of (~rrent Taxes. Because the City is exempt from - payfag tazea, the Redeveloper is responsible for current year taxes. (d) Recordation of Deed. lt~e Agency shall promptly file the Deed for recordation among the lead records of the place in which the property is situated. The Redeveloper shall pay all Coats (State documentary stamp tames are exmpt} for so recording the Deed. (e) Delivery of Abstract. 'ihe Agency sill furnish to the Redeveloper on the earliest possible date a€ter the date of this Agreement, an Abstract of title thoning good and marketable title in the City and free and-clear of all Coxes, assesamants or other encumbrances except as hereinbefore specified. The abstract of title shall be at Agency expense and will be certified by a qualified abstracting company to the close of business of the closest practical data prior to the data of the Deed of Goaveyanee. SEC.~'iON 3~ GOOD FAITH Dk;PQ'~'T'f: {a} Asx~t. Ttte Redeveloper has, prior to or simultaneously Yaith the euti of the Ag;kC ty the At,a::cy, delivered to the $.QE~eey a gad faith deposit o£ cash or a certified check satisfactory to the Agency is the aaoimt of else ttauaaad, tvo hundred, fiftq sad 00100 collars ($9250.00 ), (b) Interest. 't4~e Agency shall be under no obligation to pay or earn iatarest on the Deposit, but if interest is paybie thereon such interest when rsceived by the Agency shall be promptly paid to the Redeveloper. 3