Resolution 2016-33 - Laserfiche WebLink

Home Browse Search

949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 1024 1025 1026 1027 https://www.ctmecontracts.cam/eContracts/m_eCON/Contracts/Listi n. 15.4. Local Transfer Tax. ❑ The Local Transfer Tax of n/a % of the Purchase Price must be paid at Closing by ❑None D Buyer ❑ Seller 0 One -Half by Buyer and One -Half by Seller. 15.5. Private Transfer Fee. Private transfer fees and other fees due to a transfer of the Property, payable at Closing, such as community association fees, developer fees and foundation fees, must be paid at Closing by ❑None ❑Buyer ❑Seller ❑One -Half by Buyer and One -Half by Seller. The Private Transfer fee, whether one or more, is for the following association(s): n/a in the total amount of na% of the Purchase Price or $ n/a. 15.6. Water Transfer Fees. Contract, do not exceed $ n/a for: 0 Water Stock/Certificates 0 Water District ❑ Augmentation Membership ❑ Small Domestic Water Company 0 n/a and must be paid None 0 Buyer 0 Seiler ❑ One -Half by Buyer and One -Half by Seller 15.7. Sales and Use Tax. Any sales and use tax that may accrue because of this must be paid when due by 0 None ❑ Buyer 0 Seller 0 One -Half by Buyer and One -Half The Water Transfer Fees can change. The fees, as of the date of this at Closing by ❑ transaction by Seller. 16. PRORATIONS. The following will be prorated to the Closing Date, except as otherwise provided: 16.1. Taxes. Personal property taxes, if any, special taxing district assessments, if any, and general real estate taxes for the year of Closing, based on 0 Taxes for the Calendar Year Immediately Preceding Closing ® Most Recent Mill Levy and Most Recent Assessed Valuation, 0 Other n/a. 16.2. Rents. Rents based on 0 Rents Actually Received DAccrued. At Closing, Seller will transfer or credit to Buyer the security deposits for all Leases assigned, or any remainder after lawful deductions, and notify all tenants in writing of such transfer and of the transferee's name and address. Seller must assign to Buyer all Leases in effect at Closing and Buyer must assume Seller's obligations under such Leases. 16.3. Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. Buyer acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special assessment assessed prior to Closing Date by the Association will be the obligation of ❑Buyer ❑Seller. Except however, any special assessment by the Association for improvements that have been installed as of the date of Buyer's signature hereon, whether assessed prior to or after Closing, will be the obligation of Seller. Seller represents that the Association Assessments are currently payable at approximately $ n/a per n/a and that there are no unpaid regular or special assessments against the Property except the current regular assessments and n/a. Such assessments are subject to change as provided in the Governing Documents. Seller agrees to promptly request the Association to deliver to Buyer before Closing Date a current Status Letter. 16.4. Other Prorations. Water and sewer charges, propane, interest on continuing loan, and n/a. 16.5. Final Settlement. Unless otherwise agreed in writing, these prorations are final. 17. POSSESSION. Possession of the Property will be delivered to Buyer on Possession Date at Possession Time, subject to the Leases as set forth in § 10.6.1.7. If Seller, after Closing, fails to deliver possession as specified, Seller will be subject to eviction and will be additionally liable to Buyer for payment of $ 200.00 per day (or any part of a day notwithstanding § 18.1) from Possession Date and Possession Time until possession is delivered. GENERAL PROVISIONS 18. DAY; COMPUTATION OF PERIOD OF DAYS, DEADLINE. 18.1. Day. As used in this Contract, the term "day" means the entire day ending at 11:59 p.m., United States Mountain Time (Standard or Daylight Savings as applicable). 18.2. Computation of Period of Days, Deadline. In computing a period of days, when the ending date is not specified, the first day is excluded and the last day is included (e.g., three days after MEC). If any deadline falls on a Saturday, Sunday or federal or Colorado state holiday (Holiday), such deadline ® Will ❑ Will Not be extended to the next day that is not a Saturday, Sunday or Holiday. Should neither box be checked, the deadline will not be extended. 13 of 19 6/10/2016 2:16 PM