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2 <br />Additional <br />Provisions <br />As part of the closing, the parties will execute and deliver the residential <br />lease in the form attached hereto as Exhibit C (the “Lease”), under which the <br />Premises (as defined in the Lease) will at closing be leased by the Seller to <br />the Buyer. <br /> <br />Seller shall allow access to City for continued survey work and any other <br />work related to the City’s anticipated use of the property. Seller to pay all <br />utilities and maintain the property in reasonable condition. <br /> <br />Buyer is buying and Seller is selling the Property under an imminent threat of <br />the exercise of eminent domain as defined under WAC 458-61A-206. Buyer <br />is a governmental entity authorized and empowered to condemn property <br />for a public purpose pursuant to chapter 8.12 RCW. It is the specific inten t <br />of the parties that the provisions of this Agreement shall constitute the <br />formal written notice required by WAC 458-61A-206(3)(a) that the Buyer has <br />an intent to exercise its power of eminent domain to acquire the Property, if <br />necessary <br />2. PROPERTY. Seller agrees to sell and convey to Buyer and Buyer agrees to purchase <br />from Seller, subject to the terms and conditions set forth in this Agreement, the following: <br />(a) Real Property. The real property located in Snohomish County, <br />Washington, legally described as set forth on Exhibit A attached hereto, together with all Seller’s <br />right, title and interest in and to any rights, licenses, privileges, reversions and easements <br />pertinent to the real property, including, without limitation all development rights, air rights, and <br />water rights relating to the real property, and all rights to utilities serving the property, as well as <br />any other easements, rights of way or appurtenan ces used in connection with the beneficial use <br />and enjoyment of the real property (collectively, the “Real Property”). <br />(b) Tangible Personal Property. All tangible personal property owned by Seller <br />and located on, within, over or under the Real Property that is attached or otherwise affixed to <br />the Real Property, including without limitation all fixtures. <br />(c) Intangible Personal Property. All intangible personal property owned by <br />Seller and used in the ownership, financing, operation or maintenance of the Real Property or <br />the tangible personal property, or any portion of either. The intangible personal property <br />includes, but is not limited to, licenses and permits issued by any federal, state, or local <br />authorities relating to the use, maintenance, occupancy or operation of the Real Property, <br />reports and studies, including but not limited to physical and engineering inspections, soil studies, <br />utility and zoning studies, traffic studies, environmental assessment reports, government <br />correspondence, orders or data relating to any hazardous materials on the Real Property and any <br />other documented information relating exclusively to the Real Property. <br />The Real Property, the tangible personal property, and the intangible personal property are <br />collectively referred to in this Agreement as the “Property.” <br />3. PURCHASE PRICE. The total purchase price (the “Purchase Price”) for the Property <br />is the Purchase Price set forth in the Basic Provisions. The Purchase Price, less the credit for the