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<br />12.6 Closing Statement. At least four (4) counterparts of a closing statement <br />for this transaction, executed by Seller. <br /> <br />13. Buyer's Closing Documents. At closing, Buyer shall deliver the following <br />documents (Buyer's Closing Documents) to Seller; <br /> <br />13. I City Commission Approval. A certified copy of the Resolution, Minutes <br />or Agenda Actions of the pertinent meeting of the Commission Council showing that Buyer has <br />been authorized to enter into and execute this Agreement and consummate the transaction herein <br />contemplated. This Agreement has been be presented to City Commission for its approval at its <br />regular meeting scheduled on March 20, , 2008, <br /> <br />13.2 Appraisals. Any and all appraisals required under Chapter 166 of the <br />Florida Statutes. <br /> <br />13.3 Closing Statement. At least four (4) counterparts of a closing statement <br />for this transaction, executed by Buyer. <br /> <br />14. Closing Procedure. The Closing shall proceed in the following manner: <br /> <br />14.1 Transfer of Funds. Buyer shall pay the net closing proceeds to the Seller <br />by wire transfer to the account of Seller. <br /> <br />14.2 Delivery of Documents. Seller shall deliver Seller's Closing Documents <br />to the Buyer upon receipt of the Purchase Price. Simultaneously, Buyer shall deliver the Buyer's <br />Closing Documents to Seller. The foregoing may be accomplished by a mutually acceptable <br />escrow anangement. <br /> <br />IS. Closing Costs, Taxes, Prorations and Impact Fees. <br /> <br />15.1 Ad Valorem Taxes. Seller shall comply with Section 196.295, Florida <br />Statutes, with respect to the payment of prorated and ad valorem taxes for the year of closing into <br />escrow with the Miami-Dade County Revenue Collector. <br /> <br />15.2 Buycr's Closing Costs. Buyer shall pay for the following items prior to or <br />at the time of Closing: <br /> <br />Recording of Deed; title insurance premium and title search and <br />examination costs; survey costs, appraisal costs, costs of a new Phase I <br />Environmental Assessment Report and other inspections performed <br />pursuant to this Agreement and related expenses and all costs and <br />expenses of any financing of Buyer's acquisition of the Property <br />contemplated herein. Documentary stamps on the special warranty <br />deed and any surtax imposed by Miami-Dade County. <br /> <br />16. Possession. Buyer shall be granted full possession of the Property at Closing. <br /> <br />tL <br /> <br />Option Agreement for Milton Property on Sunny Isles Blvd 12 <br />