My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
AG 2017 12 18
CabarrusCountyDocuments
>
Public Meetings
>
Agendas
>
BOC
>
2017
>
AG 2017 12 18
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/20/2019 6:11:04 PM
Creation date
3/20/2019 5:20:10 PM
Metadata
Fields
Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/18/2017
Board
Board of Commissioners
Meeting Type
Regular
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
320
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
This option is given on the following terms and conditions <br />1. OPTION PERIOD. This option shall remain in effect through four years from the date of the <br />signatures in this contract. <br />2. EXERCISE. All rights granted by this Option shall be exercised upon posting, by certified <br />mail, a written notice to the Seller at the first address stated in the Recitals above. Exercise shall <br />be deemed timely if such written notice is mailed on or before the date set forth in Paragraph 1 <br />above. <br />3. CONSERVATION EASEMENTS. The Conservation Easement on the Property to be <br />conveyed by Seller to Buyer, should Buyer exercise the Option granted herein, shall be in a form <br />similar to the form of the draft conservation easement of the ADFP Trust Fund Model <br />Conservation Easement as described in this contract and at www.ncadfp.org with such additional <br />changes or modifications requested by Seller or Buyer, and agreed to by both parties with <br />confirmation approval by the North Carolina Department of Agriculture ADFP Trust Fund. <br />4. PURCHASE PRICE. The total purchase price of the Conservation Easement +/- Enter <br />Number of Easement Acres acres shall be payable in cash at closing. The fair market value of the <br />Conservation Easement shall be determined by an appraisal performed to the Uniform Standards <br />of Professional Appraisals Practice (USPAP) with confirmation approval by the North Carolina <br />Department of Agriculture ADFP Trust Fund. The Conservation Easement shall be fixed as <br />noted on the attached land map. <br />5. CLOSING. Closing will take place at the offices of the Buyer's closing attorney or at such <br />other place as the parties may mutually agree when the conditions for closing set out in this Option <br />have been met. <br />6. TITLE. <br />(a) At closing, the Seller will convey the Conservation Easements to the Buyer. At the <br />time of conveyance, the Property shall be free and clear of all liens, encumbrances, restrictions, <br />rights or exceptions except for exceptions of record approved by Buyer. <br />(b) During the period of time between execution of this Option and the recordation of the <br />Conservation Easements, should Buyer exercise the Option granted herein, Seller shall not encumber <br />the Property nor shall they grant any interest in the Property to a third party without the prior written <br />consent of Buyer. <br />7. TITLE DEFECTS. Buyer, at its expense, will have the title to the Properties examined. If <br />for any reason the Seller cannot deliver the Conservation Easements at closing with title to the <br />Properties in the condition required by Section 6 of this Option, Buyer may elect to: (a) accept the <br />Conservation Easements with title to the Property as it is; (b) refuse to accept the Conservation <br />Easements in which case the consideration paid for this Option shall be refunded; or (c) allow the <br />Seller additional time to pursue all reasonable efforts to correct the problem, including bringing <br />any necessary quiet title actions or other lawsuits. If Buyer elects to refuse to accept the <br />Conservation Easements, or Seller desires to not pursue reasonable efforts to correct the problem, <br />the rights pursuant to the Option granted herein shall be null and void and the rights of the parties <br />hereto shall terminate, with neither party hereto having any further right or obligation one against <br />Attachment number 2 \n <br />F-10 Page 253 <br />
The URL can be used to link to this page
Your browser does not support the video tag.