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Item A: Disposition of 858 Pearl - atts A and B
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Item A: Disposition of 858 Pearl - atts A and B
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12/3/2010 9:24:07 AM
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City Council
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Agenda Item Summary
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12/8/2010
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<br /> <br />Multi-Unit Property Tax Exemption (MUPTE). The property is within the MUPTE boundary. <br />MUPTE tax exemptions must be approved by the Eugene City Council. If determined to be eligible <br />under the MUPTE program requirements, Seller agrees to process a MUPTE application for City <br />Council consideration. <br /> <br />Sidewalk Access During Construction. Seller has requested the use of the public sidewalk area for <br />construction staging. Seller will work with Buyer to secure the necessary permits (at Buyer’s expense) <br />required to use public right-of-way during construction. Buyer will use its best efforts to retain <br />pedestrian access along the sidewalk fronting Pearl Street. <br /> <br />Parking. Seller will provide 25 designated, reserved parking spaces within three blocks of the <br />property, which would be paid for by Buyer. <br /> <br />Condition of Title: Seller shall deliver the Property to Buyer with clear title free of any and all <br />encumbrances and exceptions except those as may have been approved by Buyer in its sole discretion. <br />Seller, at Seller’s cost, shall provide Buyer with standard form of owner’s policy of title insurance in <br />the face amount of the Purchase Price insuring clear title in Buyer’s name subject only to the approved <br />exceptions. <br /> <br />Condition of the Property at Closing: Buyer is purchasing the Property as is in its current condition. <br />Buyer’s expectations concerning the Property are to be based solely on the basis of Buyer’s own <br />inspection and investigation of the Property. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Z:\CMO\2010 Council Agendas\M101208\S101208A- and attsA and B.doc <br /> <br />
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