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21-3243 - Approving Purchase Agreement - 700 South Lost Lake Lane
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21-3243 - Approving Purchase Agreement - 700 South Lost Lake Lane
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10/7/2021 5:32:45 PM
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10/7/2021 5:32:04 PM
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City Clerk
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Resolutions
City Clerk - Date
6/14/2021
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219 (f) LEAD-BASED PAINT: If Property includes pre-1978 residential housing, a lead-based paint disclosure is <br />220 mandatory. <br />221 (g) HOMEOWNERS' ASSOCIATION/COMMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS <br />222 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' <br />223 ASSOCIATION/COMMUNITY DISCLOSURE, IF APPLICABLE. <br />224 (h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT <br />225 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED TO <br />226 PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY <br />227 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTYTHAT COULD RESULT IN HIGHER <br />228 PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT THE <br />229 COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION. <br />230 (i) FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT ("FIRPTA"): Seller shall inform Buyer in writing if <br />231 Seller is a "foreign person" as defined by the Foreign Investment in Real Property Tax Act ("FIRPTA"). Buyer <br />232 and Seller shall comply with FIRPTA, which may require Seller to provide additional cash at Closing. If Seller <br />233 is not a "foreign person", Seller can provide Buyer, at or prior to Closing, a certification of non-foreign status, <br />234 under penalties of perjury, to inform Buyer and Closing Agent that no withholding is required. See STANDARD <br />235 V for further information pertaining to FIRPTA. Buyer and Seller are advised to seek legal counsel and tax <br />236 advice regarding their respective rights, obligations, reporting and withholding requirements pursuant to <br />237 FIRPTA. <br />238 (I) S�LP2LL�LX�II�IxtrCa4i'61�3�2t1€X142�19�4�1f�€Pf��(ig9t�ltxtf �r`�ci'tj'JPS?2 <br />239 wdgmwyEw <br />240 MX*hW, Seller extends and intends no warranty and makes no representation of any type, either express or <br />241 implied, as to the physical condition or history of the Property. �kL�2t'�ruPt9(2S��t9'Sttff'k <br />242 <br />243 <br />244 PROPERTY MAINTENANCE, CONDITION, INSPECTIONS AND EXAMINATIONS <br />245 11. PROPERTY MAINTENANCE: �3(���iSi�YtPfriij�►x�xtx��gxtfi§'x���Cx�Cc� <br />246 i@�S��Xtji1X�Ltlit}�tKii�(�t��2' ti% `T'(KI%�X�li����14>Q�4�it(1C` �f<fG�tiQt <br />247 <br />248 12. PROPERTY INSPECTION; RIGHT TO CANCEL: <br />249* (a) PROPERTY INSPECTIONS AND RIGHT TO CANCEL: Buyer shall have 15 (if left blank, then 15) <br />250 days after Effective Date ("Inspection Period") within which to have such inspections of the Property <br />251 performed as Buyer shall desire during the Inspection Period. If Buyer determines, in Buyer's sole <br />252 discretion, that the Property is not acceptable to Buyer, Buyer may terminate this Contract by delivering <br />253 written notice of such election to Seller prior to expiration of Inspection Period. If Buyer timely <br />254 terminates this Contract, the Deposit paid shall be returned to Buyer, thereupon, Buyer and Seller shall <br />255 be released of all further obligations under this Contract; however, Buyer shall be responsible for <br />256 prompt payment for such inspections, for repair of damage to, and restoration of, the Property resulting <br />257 from such inspections, and shall provide Seller with paid receipts for all work done on the Property (the <br />258 preceding provision shall survive termination of this Contract). Unless Buyer exercises the right to <br />259 terminate granted herein, Buyer accepts the physical condition of the Property and any violation of <br />260 governmental, building, environmental, and safety codes, restrictions, or requirementsxhxlt f&&xM <br />261 <br />262 Mam)i&1 OM115" <br />263 (b) WALK-THROUGH INSPECTION/RE-INSPECTION: tk��tStx924>��6'k>f92§;QrK2Sr <br />264@m14��.xxdfxfiHld414>OQ%t'���I<�t��Q>/ <br />265 f0iU4WVgrKX"ftW,,xtN* gg6Mx�iF.33mRyd�>i6y)(b >Wffi"x XA N xiWffw>PWWM <br />266 txi' Ijt t' i tli W1WMXJ"S�#YiS txS)YWW,(" 69W"W%t*4KZ§xA Wt& <br />267 t����tYl�(�c1�iYPKC1cx1�1��C�I�. <br />268 (c) SELLER ASSISTANCE AND COOPERATION IN CLOSE-OUT OF BUILDING PERMITS: CK WApa& of <br />269 c���L@yxlitif?���11��3�?�it#X@�i�tt�txK�fii`t414xpii�tI11<P�k <br />270 W1QKKxQI���P6l2etk>tiKx�fKxffi1tcxt�PKffiRfMttbEJfXx�1�cxSeld���xds�pxxk»wd>xx�cxxx�t�i�tDck2ctG�s�x�t+� <br />271 iiCDtl4PtSk�CX$I�xRK?l(ffi�(tADl7i�bix�D�C1ti42PXSLGI4@i3�(kCxXxD1xMDQk�PGMl1t6?(hiXQ�X4tXll�l��t <br />272 PS�ffi(42t�CX�fXY�K2�6{6QxUGiQf4XBLdX$#29XPGGCttX�kit241f�'ANi2(Qt3>i�CffixX?tIVi4�CX/9c�tPl�CCCXP�C9A�G10 <br />273 9Qfbf8iMfd6tXfX�X$1K"XIiQStlD1X�X3tlt{�kDfitlt��I�Dk�DtS�4�f?fX�Q1tac119i4i1�X%( <br />,DS <br />Buyer's Initials Page 5 of 12 Seller's Initial: <br />FloridaRealtors/FloridaBar-ASIS-5x Rev.6/19 © 2017 Florida Realtors® and The Florida Bar. All rights reserved. <br />Licensed to Alta Star Software and ID: 0649071966.J8QY.102014 <br />Software and added formatting © 2020 Alta Star Software, all rights reserved. • www.altastar.com • (877) 279-8898 <br />
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