Resolution 2007-29 - Laserfiche WebLink

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c. Those items of personal property listed on Exhibit C and any other items of personal property located on the Pan;els on the date of delivery of possession, which shall be conveyed by bill of sale executed at the time of delivery of possession. 2. The location and legal descriptions for the Parcels are as indicated on Exhibit A, attached hereto and incorporated herein by reference. Exhibit B, which is attached hereto and incorporated herein by reference, sets forth the location and legal description of Parcel 3, which is subject to the provisions of Paragraph 22.b. below, and which is not being acquired for any park, open space, municipal or governmental purpose of the City, but solely as excess property for resale upon acquisition from Seller. 3. Within five (5) days of Seller's execution of this Contract, Seller shall provide copies of any engineering and/or survey work for the Property in possession of Seller. Purchaser may at its sole expense contract for an AL T A engineering survey of the Parcels, sufficient to satisfy the requirements of the title company to delete the standard pre-printed exceptions from the Purchaser's title policy, as set forth in Paragraphs. 6 and 7, below. The survey shall be certified to the Purchaser, Seller and the title company. The survey shall include the legal descriptions for Parcell, Parcel 2 and Parcel 3, and shall include a certificate of the acreage of each Parcel, as described and determined by the surveyor. The survey must be acceptable to Purchaser in its sole discretion. The surveyed legal descriptions for Parcell, Parcel 2 and Parcel 3 shall be appended to this Contract once prepared. Purchaser may require that Seller at closing convey the Parcels by either or both of the legal descriptions contained in Exhibit A hereto or in the final survey, with such conveyance to be by special warranty deed. 4. The total purchase price of the Property shall be One Million Seventeen Thousand Five Hundred Dollars ($1,017,500.00) which shall be payable by Purchaser in cash, certified funds, wire transfer or City check (if acceptable as "good funds" under Colorado law) as follows: a. Upon execution of this Contract, Twenty-Five Thousand Dollars ($25,000.00) as earnest money deposit and part payment of the purchase price, to be paid by City check made payable to United Title Company, Longmont office, 2020 Terry Street, Longmont, CO 80501, (303) 485-0076 (th(: "Title Company"), and to be held by the Title Company in escrow and applied to the total purchase price; and b. Nine Hundred Ninety-Two Thousand Five Hundred Dollars ($992,500.00) shall be paid by Purchaser at closing. NO ASSIGNMENT 5. Seller shall not assign Seller's rights and obligations hereunder without Purchaser's prior written consent. Purchaser shall not assign its rights and obligations hereunder without Seller's prior written consent. 2