Reso 2009-1483 - Laserfiche WebLink

Home Browse Search

the land involved. This fund shall be used to pay any ad valorem taxes due, and the remainder of ta.xes which would otherwise have been due for that current year shall stand cancelled. In the event fee title to the Property is acquired between November 2 and December 31, Seller, at least five (5) business days prior to Closing, shall notify the Property Appmiser's Office ("Appraiser's Office") of the impending closing date and provide the Appraisers Office with the legal description, address, folio number and any other relevant property infonnation in order to obtain from the Appmiser's Office a final tax payoff. which will be collected at closing. There shall be no proration of taxes and the Purchaser shall be exempt from the payment of taxes effective on the day of closing. In the event any other expenses pertaining to the Property are not known at Closing, then such expenses shall be prorated based on an estimate and the parties will repro rate same upon receipt of the actual bill for such expenses. In the event there is any recoupment or other consideration payable to applicable governmental authorities as the result of any change of the use of the Property, then Seller shall satisfy such obligation at Closing. The provisions of this Paragraph 8 shall survive Closing. 9. Closing Costs. The parties shall bear the following costs: (a) Purchaser shall be responsible for (i) the recording cost of the Deed, (ii) the cost of the Survey (if obtained by Purchaser), (iii) the cost of the Commitment and the premium for the Title Policy obtained by Purchaser (except that Seller shall reimburse Purchaser at Closing for the title underwriter's actual cost of the title search fee for the issuance of the Commitment, up to a maximum of FIVE HUNDRED DOLLARS ($500)), and (iv) documentary stamps, taxes, surtaxes and other transfer charges in connection with the recordation of the Deed. -. ...----~ ~------- ----.-----Cb )------ Seller-shalLberesponsibJe..for..paymentof costs _of curing . any_Title Defects __u ___ and the recording costs in connection with any curative instruments relating to same. (c) Each party shall be responsible for payment of its own legal fees. 10. Closing. It is mutually understood that the execution of this Purchase Agreement by Seller constitutes conditional acceptance and is subject to final acceptance and approval by the City Commission of the City of Sunny Isles Beach pursuant to the necessary vote at a duly called Commission meeting scheduled for September 17,2009. Notice offinal City Commission acceptance shall be provided to Seller after the City Commission meeting at which this matter is presented for approval. The Closing shall be held at the office of the City of Sunny Isles Beach City Attorney's Office, located at 18070 Collins Avenue, Fourth Floor, Sunny Isles Beach, Florida 33160, with Closing to occur no later than January 10, 2010. Notwithstanding the fonnal acceptance by the City Commission, the Seller may tenninate this Agreement at any time before 6:00 p.m. on November 19, 2009 upon providing written notice to Purchaser. At Closing, the following shall occur: Agreement of Purchase and Sale 16050 Collins Ave. Page 7 of 13 J I L