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2005 S ERCD - Duke University Approval of Contract to Purchase Real Property
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2005 S ERCD - Duke University Approval of Contract to Purchase Real Property
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Last modified
6/8/2011 10:31:41 AM
Creation date
10/26/2010 11:02:43 AM
Metadata
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Template:
BOCC
Date
6/7/2005
Meeting Type
Regular Meeting
Document Type
Contract
Agenda Item
9a
Document Relationships
Agenda - 06-07-2005-9a
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Path:
\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 06-07-2005
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Amendments and Reauthorization Act of 1986 ("SARA"), Public Law No. 99-499, 100 Stat. <br />1613. <br />(iii) Seller has fully disclosed to Buyer that, except for chemicals used <br />in the farming of the Property, Seller has no knowledge of the existence, extent and nature of any <br />hazardous materials, substances, wastes or other environmentally regulated substances (including <br />without limitation, any materials containing asbestos), in or under the Property or use in <br />connection therewith. <br />(3) Seller's obligations under this Section shall survive the closing and <br />continue in full effect notwithstanding receipt of the purchase price. <br />(f) 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 />4. 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) Buyer shall pay for a survey of the Property and all other closing costs. <br />CONDITIONS: <br />(a) Seller agrees to allow Buyer access to the Property for the purpose of inspecting, <br />surveying, testing and analyzing the Property at any time prior to the closing of the purchase of <br />the Property. <br />4 <br />
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