My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Williams Investments I LLC 7/24/2019
>
Contracts
>
Agreement
>
Williams Investments I LLC 7/24/2019
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/1/2019 10:27:51 AM
Creation date
8/1/2019 10:27:41 AM
Metadata
Fields
Template:
Contracts
Contractor's Name
Williams Investments I LLC
Approval Date
7/24/2019
Council Approval Date
7/17/2019
Department
Facilities
Department Project Manager
Mike Palacios
Subject / Project Title
Sale of City Owned Library Parking Lot
Tracking Number
0001937
Total Compensation
$0.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
26
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
7. Closing. <br /> 7.1 Time for Closing. The sale shall be closed in the office of Rainier <br /> Title, 2722 Colby Ave., Ste. 125, Everett, WA 98201 ("Closing Agent") ten (10) business <br /> days after the Effective Date; or such other date as Seller's real property manager and <br /> Buyer may agree in writing. At least one (1) business day prior to closing, Buyer and <br /> Seller shall deposit in escrow with Closing Agent all instruments, documents and monies <br /> necessary to complete the sale in accordance with this Agreement. As used herein, <br /> "closing" or"date of closing" or"Closing Date" means the date on which all appropriate <br /> documents are recorded and proceeds of sale are available for disbursement to Seller. <br /> If closing does not occur on or before sixty (60) days after the Effective Date, or any later <br /> date mutually agreed to in writing by the Seller's real property manager and Buyer, <br /> Closing Agent shall immediately terminate the escrow, forward the Deposit to the party <br /> entitled to receive it as provided in this Agreement and return all documents to the party <br /> that deposited them. <br /> 7.2 Seller's Escrow Deposits. On or before the Closing Date, Seller <br /> shall deposit into escrow the following: <br /> a) the duly executed and acknowledged Deed; <br /> b) a duly executed and completed Real Estate Excise Tax <br /> affidavit; <br /> c) a nonforeign affidavit pursuant to Section 1445 of the <br /> Internal Revenue Code <br /> d) any other documents, instruments, records, <br /> correspondence and agreements Seller is obligated under <br /> this Agreement to provide that have not been previously <br /> delivered; <br /> e) any other documents that may be reasonably required by <br /> Buyer or the Title Company or Closing Agent to close this <br /> transaction, duly executed (provided however, no such <br /> additional document shall expand any obligation, covenant, <br /> representation, or warranty of Seller or result in any new or <br /> additional obligation, covenant, representation, or warranty <br /> of Seller under this Agreement beyond those already set <br /> forth in this Agreement). <br /> f) keys to the Property, if any. <br /> 7.3 Buyer's Escrow Deposits. On or before the Closing Date, Buyer <br /> shall deposit into escrow the following: <br /> a) cash in an amount sufficient to pay the Purchase Price, plus <br /> Buyer's share of closing costs; <br /> 5 <br />
The URL can be used to link to this page
Your browser does not support the video tag.