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Agenda - 04-12-2005-8b
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Agenda - 04-12-2005-8b
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Last modified
8/29/2008 3:49:23 PM
Creation date
8/29/2008 10:14:51 AM
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BOCC
Date
4/12/2005
Document Type
Agenda
Agenda Item
8b
Document Relationships
2005 S Purchasing - Amend #3 to Purchase Agreement for Orange Co Campus of Durham Tech Community College
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2005
Minutes - 20050412
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2005
S Declaration of Covenants, Conditions, and Restrictions Orange Co. Campus, Durham Technical Community College Property
(Linked From)
Path:
\Board of County Commissioners\Various Documents\2000 - 2009\2005
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<br />manner sufficient to allow Buyer to make al] necessary connection to said public utilities for the <br />benefit of the Propem~." <br />5., Pazagraph 9 of the Contrsct is hereby deleted and the following substituted in its place: <br />"9. Settlement Adjustments. Unless otherwise speci$ed in this Conuaet, all income, expenses <br />and costs related to the Propeny shall be prorated as of the date on which the Closing actually <br />occurs (the "Effective Closing Date"). <br />a Seller shall pay at the Closing all ad valorem property taxes on the Property <br />including the prepaying of all sd valorem property taxes on the Property for the calendaz year in <br />which the Closing occurs. Izt the event either the tax assessment or tax rate for the yeaz in which <br />the Closing occur has not been established as of the Effective Closing Date, the ad valorem <br />property taxes to be prepaid at Closing shall be determined on the basis of the then current tax <br />assessment and tax rate, and shall be adjusted between the parties as needed after closing within <br />two (2) weeks after the date on which tine correct tax assessment and/or tax rate for the year in <br />which the closing occurs is established. <br />b To the extent that the amount of any of the items above shall not be available for <br />exact proration as of the Effective Closing Date, Seller or its representative and Buyei or its <br />representative shall meet as soon after the Closing as possible and compete and settle and adjust <br />or readjust the closing prorations between the parties so that they accurately reflect the <br />obligations of each pursuant to this Contract as of the Effective Closing Date," <br />6 Except as amended herein, the terms and conditions of the Contract, as amended by the <br />First Amendment and the Second Amendment shall remain in full force and effect. <br />IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of <br />the date set forth below each signalise. <br />"SELLER" <br />?QORGA HOLDINGS, LLC, a Delawaze limited <br />liability company <br />By: ~~~~__ <br />p~z`c~. ~. ~y~a,/ <br />Its: S.2- VtG-~ pR';<uo~wT <br />Date:.,, -~/>' CJ/p S <br />"BUYER" <br />ORANGE COITNTY, a body politic and corporate <br />By: <br />1307 c, 03 <br />ua nT~ <br />
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