05-13-2002 Council Packet - Laserfiche WebLink

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(a) At or before the Closing, Seller shall pay the real estate taxes, installments of levied special assessments, due and payable, and any penalties and interest thereon due and payable with respect to the Property in all years prior to the year in which Closing occurs and up to the Closing Date in the year of Closing; (b) At or before the Closing, Seller shall pay or provide for the payment of all deferred real estate taxes, including all those which become due and payable as a result of the sale of the Property to Buyer, except transfer taxes and installments of special assessments; (c) Buyer shall pay all real estate taxes due and payable in the years following the year in which the Closing occurs and special assessments which are levied or become pending after the Effective Date of this Purchase Agreement; (d) Real estate taxes and installments of special assessments due and payable in the year of closing shall be pro-rated to the Closing Date, on a calendar year basis. 11. Seller’s Representations and Warranties. Seller makes the following representations and warranties to Buyer: Any wells, as that term is defined in Minnesota Statutes, Section 1031.005, subd. 21, located on the Property are described on a Minnesota Well Disclosure Statement separately delivered to Buyer contemporaneously herewith; (b) To the best of Seller’s knowledge, there are not now, nor have there ever been underground or above ground storage tanks of any size or type located on the Property; (c) Seller has not engaged a real estate broker or other agent to act as Seller's real estate agent in connection with this transaction except as identified in this Agreement, if any; (d) To the best of Seller’s Knowledge, there are no substances or conditions in or on the Property that may support a claim or cause of action under the Comprehensive Environmental Response HC26DSZ 4715/2672211 vl(RHD) 2-4/2002 M