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R91-10 AUTHORIZING REAL ESTATE PURCHASE AGREEMENTS FOR MASS TRANSIT
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R91-10 AUTHORIZING REAL ESTATE PURCHASE AGREEMENTS FOR MASS TRANSIT
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7/26/2016 1:43:07 PM
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Resolution/Ordinance
Res Ord Num
R91-10
Res Ord Title
AUTHORIZING REAL ESTATE PURCHASE AGREEMENTS FOR MASS TRANSIT
Approved Date
2/4/1991
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r <br /> • , Page 2 <br /> � and use restrictions now of record which do not re- <br /> strict reasonable use including but not limited to the <br /> demolition of the existing structure and construction <br /> of a new building. Buyer shall promptly advise Seller <br /> of any claimed defects in title evidence to permit <br /> resolution before settlement. <br /> 3 . At Settlement, Owner shall deliver to Buyer a Trustee <br /> Deed or a Warranty Deed to the Premises; subject only <br /> to those matters to which the title may be subject as <br /> provided in paragraph (2) and conveying the benefits of <br /> all easements appurtenant of record existing prior to <br /> the execution of this contract, if any, in such form <br /> and together with such documentation as shall be <br /> required for recording said deed. Owner shall also <br /> furnish Buyer at Settlement, all documentation neces- <br /> sary to protect Buyer from mechanics' liens. Owner <br /> agrees to pay for transfer tax stamps. <br /> 4. At or before Settlement, Owner shall pay or give Buyer <br /> credit for general real estate taxes for all prior <br /> years and for Seller' s pro rata share of such taxes for <br /> the year of Settlement. Owner shall further pay or <br /> give Buyer credit for all special assessments now a <br /> lien against the Premises and all water bills or water <br /> main and sewer connection charges incurred and unpaid <br /> as of Settlement. Credit to Buyer for general real <br /> estate taxes not yet payable shall be computed to date <br />
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