R2024-282 Resolution Authorizing a Real Estate Sales Agreement for Properties between Vulcan Lands Inc., and Vulcan Construction Materials, LLC, and the City of Decatur

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least five (5) Business Days prior to the Closing Date and shall be settled in immediately available funds at the Closing. All past due real estate and personal property taxes, if any, shall be paid by Seller at or before the Closing. b. All recording charges shall be paid by Buyer, except for recording charges in connection with the clearing of any title issues including, without limitation, mortgage satisfactions/releases, and UCC-3 financing statements, which shall be Seller's responsibility. 3.06. Closing. Provided that all conditions contained herein have been met or waived, the closing of the transactions contemplated hereby shall occur on or after December 1, 2024 (the "Anticipated Closing Date"), or on such other date as mutually agreed upon in writing by the parties; provided, however, Buyer shall have the right, in its sole discretion, to extend the time period for the Closing until the later of: (a)thirty(30) days after the Anticipated Closing Date, (b) five (5) business days following all conditions to Closing contained herein having been met or waived or (c) forty-five business days from the date of the Phase I environmental report). The parties intend to exchange executed documents prior to the Closing, to be held in escrow by the Title Company, with such Closing to be conducted by mail and telephone, together with wire transfer of funds. 3.07. Deliverables. Seller shall deliver to the Buyer all reports and studies it has in its possession including copies of surveys, title policies and environmental and soil reports, with 30 days of execution of this agreement. The Buyer, its agents, and assignees shall have the right to enter onto the Vulcan Property to conduct its inspections and testing, including environmental and soil testing.