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2017-364 Planning - Seven Mile Farms, LLC - Offer to Purchase and Contract
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2017-364 Planning - Seven Mile Farms, LLC - Offer to Purchase and Contract
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Last modified
7/3/2018 11:42:05 AM
Creation date
8/8/2017 8:22:19 AM
Metadata
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Template:
Contract
Date
6/20/2017
Contract Starting Date
6/20/2017
Contract Document Type
Agreement
Agenda Item
1/22/15; 6-i
Amount
$19,879.50
Document Relationships
Agenda - 01-22-2015 - 6i
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2015\Agenda - 01-22-2015 - Regular Mtg.
R 2017-364 Planning - Seven Mile Farms, LLC - Offer to Purchase and Contract
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Path:
\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2017
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6. SETTLEMENT CHARGES: . <br /> (a) Seven Mile Farm shall prepare the Deed at its expense, and shall also prepare and <br /> record at its expense the release deed referenced in Article C, Section 2(a)(ii) . Seven Mile Farm <br /> shall also pay the excise tax required by law. <br /> (b) Buyer shall pay for recording the Deed. <br /> (c) At Closing a calculation shall be made to determine the pro rated current year ad <br /> valorem taxes on the Pump Station Parcel. <br /> Seven Mile Farm shall pay the amount of current year ad valorem tax that would ordinarily be <br /> paid by a buyer of real property at the present use valuation where the current year ad valorem <br /> tax is prorated to the date of Closing. An amount of money equal to the prorated amount for <br /> current year ad valorem taxes that would have ordinarily been paid by a buyer as well as any <br /> current year tax assessed shall be added to the purchase price to be paid for the Pump Station <br /> Parcel under Article B, Section 1. <br /> (d) Buyer shall pay for a survey of the Pump Station Parcel, a final plat of subdivision <br /> for the Pump Station and all other subdivision and closing costs not specifically addressed herein <br /> that are typically paid by purchasers of real property in Orange County, North Carolina. <br /> (e) Each party shall pay its own attorney's fees in connection with this Agreement, <br /> the conveyance of the Pump Station Parcel. <br /> 7. CONDITIONS: <br /> (a) Seven Mile Farm agrees to allow Buyer access to the Pump Station Parcel for the <br /> purpose of inspecting, testing and analyzing the Pump Station Parcel at any time prior to the <br /> Closing, provided, however, soil disturbance activities on the Pump Station Parcel shall be kept <br /> to a minimum prior to Closing. <br />
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