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2006 S ERCD - Approval of Contract to Purchase Real Property - Paydarfar Tract
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2006 S ERCD - Approval of Contract to Purchase Real Property - Paydarfar Tract
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Last modified
5/4/2011 11:49:28 AM
Creation date
9/27/2010 2:27:56 PM
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BOCC
Date
12/12/2006
Meeting Type
Regular Meeting
Document Type
Contract
Agenda Item
5h
Document Relationships
Agenda - 12-12-2006-5h
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\Board of County Commissioners\BOCC Agendas\2000's\2006\Agenda - 12-12-2006
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material or substance located on the Property be removed, (2) other found contaminants be <br />removed from the Property, (3) that a copy of a certificate demonstrating removal and clean-up <br />be provided to Orange County, c/o Pamela Jones, Director of Purchasing and Central Services, <br />132 E. King Street, Hillsborough, North Carolina 27278, as soon as the certificate is available <br />and (4) that the original of the certificate be provided to Buyer at the closing. <br />(5) Seller's obligations under this Section shall survive the closing and <br />continue in full effect notwithstanding receipt of the purchase price. <br />(h) Representations/Warranties. All representations and warranties contained in this <br />Agreement are true and correct as of the date of execution of this Agreement and will be true as <br />of the Closing Date and shall survive closing and execution and delivery of the Deed and shall <br />not be merged therein. <br />6. SETTLEMENT CHARGES: <br />(a) Seller shall pay for the preparation of a deed, for the preparation and recording of <br />all documents necessary to convey marketable fee simple title free of liens and encumbrances, <br />and for the excise tax required by law. <br />(b) Buyer shall pay for recording the deed. <br />(c) Ad valorem taxes on the Property, if any, for the calendar year in which the <br />closing occurs shall be paid by Seller. The credit for pro-rated ad valorem taxes on the Property <br />that would be due Seller if Buyer were not a North Carolina local government shall be added to <br />the purchase price as provided in Section 1 of this Agreement. Seller shall pay any Orange <br />County ad valorem taxes on personal property of Seller for the entire year of the closing. Seller <br />shall pay all deferred taxes and any tax penalties including late listing penalties. <br />(d) Buyer shall pay for a survey of the Property and all other closing costs other than <br />those associated with environmental cleanup, if necessary, as provided for in paragraph 3 (f). <br />6 <br />
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