6.A.(1) Resolution No. 2631 - Laserfiche WebLink

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consistent with all applicable law and regulations up to and until March 31, 2010. (c) At closing, the Owner shall deliver to the City a warranty deed in the form attached hereto as Exhibit B providing for the conveyance of the Property fi•ee and clear of all liens, mortgages and encumbrances. If necessary, the sale proceeds shall be applied to satisfy any mortgages, encumbrances, or due and owing taxes remaining on the Property as of the Closing Date. All taxes accrued on the Property prior to closing shall be the sole responsibility of the Owner and an estimated amount of the due and owing and accrued taxes shall be withheld from the sale proceeds. 2. The City shall be responsible for the recording costs and any other similar closing costs. 3. The parties each represent that no real estate commissions are due and owing to any party with respect to this transaction. 4. A. The Owner represents and warrants the following to be true and accurate as of the effective date of this Agreement: (a) The Owner warrants and represents that it has no knowledge of: a) any hazardous substance at, under (including the groundwater) or upon the Property; or b) any hazardous substances released from the Property onto any other property or into the waters of the State, the groundwater or any publicly or privately owned well. (b) To the best of Owner's knowledge, neither the Property nor the Owner, due to any of the Owner's past operations on the Property, are subject to any judicial or administrative proceedings or to any order from, or agreement with, any Governmental Authority respecting: (i) any violation or alleged violation of any environmental laws or (ii) any remedial action or (iii) any claims arising from the release or threatened release of a hazardous substance to, at or from the Property.