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Agenda - 06-07-2005-9a
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Agenda - 06-07-2005-9a
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Last modified
8/29/2008 4:12:35 PM
Creation date
8/29/2008 10:30:45 AM
Metadata
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BOCC
Date
6/7/2005
Document Type
Agenda
Agenda Item
9a
Document Relationships
2005 S ERCD - Duke University Approval of Contract to Purchase Real Property
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2005
Minutes - 20050607
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Path:
\Board of County Commissioners\Minutes - Approved\2000's\2005
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7 <br />(ii) To the best of Seller's knowledge, the Property is in compliance <br />with all federal, State and local environmental laws and regulations, including, but not limited <br />to, the Comprehensive Environmental Response, Compensation and Liability Act of 1980 <br />("CERCLA"), Public L aw No, 96-510, 94 Stat. 2767, 42 USC 9601 et seq.., and the <br />Superfund Amendments and Reauthorization Act of 1986 ("SARA"), Public Law No. 99-499, <br />100 Stat. 1613 <br />(iii) Seller has fully disclosed to Buyer that, except for chemicals <br />used in the farming of the Property, Seller has no knowledge of the existence, extent and <br />nature of any hazardous materials, substances, wastes or other environmentally regulated <br />substances (including without limitation, any materials containing asbestos), in or under the <br />Property or use in connection therewith. <br />(3) Seller's obligati ons 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 <br />as of the Closing Date and shall survive closing and execution and delivery of'the Deed and <br />shall not be merged therein.: <br />4. SETTLEMENT CHARGES: <br />(a) Seller shall pay for the preparation of a deed, for the preparation and recording <br />of all documents necessary to convey marketable fee simple title free of liens and <br />encumbrances, 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 />
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