Form Letter Of Intent - Land Acquisition Page 3
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8Mr.
<Date>
Page 3 of 5
<Alternative language>
•
The Closing shall be held
(
) days following Purchaser’s
Final Development Plan Approval including passage of the public referendum
period.
•
The Closing shall occur
(
) days following the expiration
of the Inspection Period.
Seller’s Delivery
Items:
Seller shall deliver to Purchaser within
(
) days of execution of the
Purchase and Sale Agreement by both parties the following items:
<Suggested language>
a. A title commitment from
, in the amount of the
Purchase Price.
b. A copy of any Planned Unit Development (“PUD”), Preliminary Development Plan
(“PDP”), plat, Final Development Plan (“FDP”) or any other available plans as
referenced above.
c. A copy of the most recent survey with respect to the Property in Seller’s
possession.
d. Most recent copies of any environmental, soils, topography, utility, traffic,
engineering, geotechnical or other third party reports in Seller’s possession
pertaining to the condition of the property.
e. Copies of any private or public agreements, restrictions or other encumbrances
(subdivision improvement agreement, intergovernmental agreements, etc.)
affecting the property.
f. Other information as set forth in the Purchase and Sale Agreement
Survey:
Within
(
) days from the Effective Date, Seller shall provide to
Purchaser a current ALTA survey with topography, in both printed and electronic
formats, in form and content acceptable to Purchaser.
<Alternate language>
•
The surveyor shall be
.
Title & Survey
Review:
Purchaser shall have a period of
(
) days following the receipt of
the Title Commitment and Seller’s Survey to notify Seller of any objections.
Closing Costs:
At Closing, Purchaser and Seller shall respectively pay the following costs and
expenses:
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