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SSLM Properties LLC 7/26/2016
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SSLM Properties LLC 7/26/2016
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Entry Properties
Last modified
6/12/2017 9:10:22 AM
Creation date
8/4/2016 10:34:33 AM
Metadata
Fields
Template:
Contracts
Contractor's Name
SSLM Properties LLC
Approval Date
7/26/2016
Council Approval Date
6/29/2016
Department
Facilities
Department Project Manager
Mike Palacios
Subject / Project Title
Purchase of property 3600 Smith Ave
Tracking Number
0000217
Total Compensation
$4,000,000.00
Contract Type
Agreement
Contract Subtype
Purchase
Retention Period
6 Years Then Destroy
Document Relationships
SSLM Properties LLC 1/30/2017 Amendment 4
(Contract)
Path:
\Records\City Clerk\Contracts\6 Years Then Destroy\2017
SSLM Properties LLC 11/30/2016 Amendment 2
(Contract)
Path:
\Records\City Clerk\Contracts\6 Years Then Destroy\2016
SSLM Properties LLC 12/30/2016 Amendment 3
(Contract)
Path:
\Records\City Clerk\Contracts\6 Years Then Destroy\2017
SSLM Properties LLC 2/27/2017 Amendment 5
(Contract)
Path:
\Records\City Clerk\Contracts\6 Years Then Destroy\2017
SSLM Properties LLC 4/29/2017 Amendment 6
(Contract)
Path:
\Records\City Clerk\Contracts\6 Years Then Destroy\2017
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Agreement shall be made at the Title Company's offices thirty(30)days after the later of <br /> (i) the expiration or earlier waiver by Buyer of the Inspection Period, or (ii) the <br /> satisfaction or waiver of the Conditions Precedent set forth in Article V above. If the <br /> expiration or earlier waiver of the Inspection Period and the satisfaction or waiver of all <br /> Conditions Precedent set forth in Article V above do not all occur before 120 days after <br /> the Effective Date, unless otherwise extended by mutual written agreement, then either <br /> party may terminate this Agreement effective upon written notice to the other party. In <br /> the event of such termination, the Earnest Money shall be returned to Buyer, unless the <br /> Seller is otherwise entitled to the Earnest Money under this Agreement. <br /> 7.2 Delivery by Seller. On or prior to the Closing Date, Seller shall deposit <br /> with the Title Company or its agent (the "Closing Agent"), the following: <br /> (a) The duly executed and acknowledged Deed ready for recordation <br /> on the Closing Date; <br /> (b) A duly executed real estate excise tax affidavit; <br /> (c) Any customary documents, consents, approvals, affidavits or <br /> certifications required by Title Company to issue the Title Policy; <br /> (d) If applicable to the Seller,a certificate of non-foreign status signed <br /> by Seller, certifying that Seller is not a"foreign person" or"foreign entity" for purposes <br /> of Section 1445 of the Internal Revenue Code of 1986, as amended, and meeting the <br /> Foreign Investment in Real Property Tax Act requirements for such certification <br /> thereunder; <br /> (e) The duly executed Closing Certificate if requested by Buyer <br /> (defined in Section 8.1 below). <br /> (f) All other documents executed by Seller necessary for Closing. <br /> 7.3 Delivery by Buyer. On or prior to the Closing Date, Buyer shall deposit <br /> the Purchase Price with the Closing Agent and all other documents executed by Buyer <br /> necessary for Closing. <br /> 7.4 Title Policy; Other Instruments. The Title Company shall issue the Title <br /> Policy at Closing,or as soon thereafter as practicable. Seller and Buyer shall each deposit <br /> with the Closing Agent such other instruments as are reasonably required by the Title <br /> Company or otherwise required to close the escrow and consummate the purchase and <br /> sale of the Property in accordance with the terms hereof. <br /> 8 <br />
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