The URL can be used to link to this page

Browse Search

Home My WebLink About20241254.tiffRESOLUTION RE: APPROVE CONTRACT TO BUY AND SELL REAL ESTATE (825 AND 827 7TH STREET, GREELEY) AND AUTHORIZE CHAIR TO SIGN ALL NECESSARY DOCUMENTS - DOROTHY ECKHARDT WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board has been presented with a Contract to Buy and Sell Real Estate regarding Properties located at 825 and 827 7th Street, Greeley, Colorado 80631 ("the Properties"); being further described as: 825 7th Street, Greeley; being part of the S1/2, Lot 12, and West 8.65 feet of S1/2 of Lot 13, Block 37, Weld County, Colorado 827 7th Street; being part of S1/2 of Lot 13, Block 37, Weld County, Colorado WHEREAS, the purchase of the Properties, for the sum of $820,000.00, is desirable for use by Weld County as additional land for future Weld County parking lot needs, and WHEREAS, after review, the Board deems it advisable to approve said Contract to Buy and Sell Real Estate, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Contract to Buy and Sell Real Estate regarding the Properties located at 825 and 827 7th Street, Greeley, Colorado 80631, further described above, be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized to sign all necessary documents. cc : cA(BB/Ia-'(, BG(cN) O6/io/2.N 2024-1254 PR0038 CONTRACT TO BUY AND SELL REAL ESTATE (825 AND 827 7TH STREET, GREELEY) — DOROTHY ECKHARDT PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 20th day of May, A.D., 2024. BOARD OF COUNTY COMMISSIONERS ATTEST: -`d_..AJ I.,4:4 Weld County Clerk to the Board indOctc-ct ryt .u, AA thAtk- Deputy Clerk to the Board APPROVED iii $RM: ounty Attorney Date of signature: 5IZ2-1 WELD COUNTY, 7C____ Q Kevjo-D. Ross, Chair c _ erryL L. ; , Pro-Tem Mike Freeman K. James ri Saine 2024-1254 PR0038 Waypoint Real Estate waypoint 125 S Howes, Suite 500 REAL ESTATE Fort Collins, CO 80521 Phone: (970)632-5050 1 I The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. 2 I (CBS3-6-23) (Mandatory 1-24) 3 4 THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR 5 OTHER COUNSEL BEFORE SIGNING. 6 7 8 9 10 11 12 13 CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) (El Property with No Residences) ( ❑ Property with Residences —Residential Addendum Attached) AGREEMENT Date: July 10, 2024 14 1. AGREEMENT. Buyer agrees to buy and Seller agrees to sell the Property described below on the terms and conditions set 15 forth in this contract (Contract). 16 2. PARTIES AND PROPERTY. 17 2.1. Buyer. Weld County, Colorado, A Body Corporate and Politic, (Buyer) will take title 18 to the Property described below as ❑ Joint Tenants ❑ Tenants In Common B Other N/A. 19 2.2. No Assignability. This Contract IS NOT assignable by Buyer unless otherwise specified in Additional Provisions. 20 2.3. Seller. The Estate of Dorothy Eckhardt (Seller) is the current 21 owner of the Property described below. 22 2.4. Property. The Property is the following legally described real estate in the County of Weld, Colorado: 23 (insert legal description): 24 GR 4795 S2 L12 & W8.65' OF S2 L13 BLK37 GR 4793 S2 L11 BLK37 25 26 27 28 825 7th Street ; 827 7th Greeley 29 known as No. Street CO 80631 Street Address City State Zip 30 31 together with the interests, easements, rights, benefits, improvements and attached fixtures appurtenant thereto and all interest of 32 Seller in vacated streets and alleys adjacent thereto, except as herein excluded (Property). 33 2.5. Inclusions. The Purchase Price includes the following items (Inclusions): 34 2.5.1. Inclusions - Attached. If attached to the Property on the date of this Contract, the following items are 35 included unless excluded under Exclusions: lighting, heating, plumbing, ventilating and air conditioning units, TV antennas, inside 36 telephone, network and coaxial (cable) wiring and connecting blocks/jacks, plants, mirrors, floor coverings, intercom systems, built - 37 in kitchen appliances, sprinkler systems and controls, built-in vacuum systems (including accessories) and garage door openers 38 (including Any associated with the Property remote controls). If checked, the following are owned by the Seller and included: ❑ Solar Panels ❑ Water 39 Softeners ❑ Security Systems ❑ Satellite Systems (including satellite dishes). Leased items should be listed under § 2.5.7. 40 (Leased Items). If any additional items are attached to the Property after the date of this Contract, such additional items are also 41 included in the Purchase Price. 42 2.5.2. Inclusions - Not Attached. If on the Property, whether attached or not, on the date of this Contract, the 43 following items are included unless excluded under Exclusions: storm windows, storm doors, window and porch shades, awnings, CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 1 of 21 RLE Buyer initials Seller initials 44 blinds, screens, window coverings and treatments, curtain rods, drapery rods, fireplace inserts, fireplace screens, fireplace grates, 45 heating stoves, storage sheds, carbon monoxide alarms, smoke/fire detectors and all keys. 46 2.5.3. Other Inclusions. The following items, whether fixtures or personal property, are also included in the 47 Purchase Price: 48 N/A 49 50 51 52 53 54 2.5.4. Encumbered Inclusions. Any Inclusions owned by Seller (e.g., owned solar panels) must be conveyed at 55 Closing by Seller free and clear of all taxes (except personal property and general real estate taxes for the year of Closing), liens and 56 encumbrances, except: 57 N/A 58 59 60 61 2.5.5. Personal Property Conveyance. Conveyance of all personal property will be by bill of sale or other 62 applicable legal instrument. 63 2.5.6. Parking and Storage Facilities. The use or ownership of the following parking facilities: 64 All associated with the Property, and the use or ownership of the following storage facilities: N/A. 65 Note to Buyer: If exact rights to the parking and storage facilities is a concern to Buyer, Buyer should investigate. 66 2.5.7. Leased Items. The following personal property is currently leased to Seller which will be transferred to Buyer 67 at Closing (Leased Items): 68 N/A 69 70 71 2.5.8. Trade Fixtures. With respect to trade fixtures, Seller and Buyer agree as follows: 72 N/A 73 74 75 The trade fixtures to be conveyed at Closing will be conveyed by Seller free and clear of all taxes (except personal 76 property taxes for the year of Closing), liens and encumbrances, except N/A. Conveyance 77 will be by bill of sale or other applicable legal instrument. 78 2.6. Exclusions. The following items are excluded (Exclusions): 79 Ceiling tiles, the equipment, and any personal property of the Seller. 80 81 82 2.7. Water Rights/Well Rights. 83 ❑]C 2.7.1. Deeded Water Rights. The following legally described water rights: 84 Any associated with the Property 85 86 87 Any deeded water rights will be conveyed by a good and sufficient Appropriate deed at Closing. 88 El 2.7.2. Other Rights Relating to Water. The following rights relating to water not included in §§2.7.1., 2.7.3. and 89 2.7.4., will be transferred to Buyer at Closing: 90 Any associated with the Property 91 92 93 94 95 96 0 2.7.3. Well Rights. Seller agrees to supply required information to Buyer about the well. Buyer understands that if 97 the well to be transferred is a "Small Capacity Well" or a "Domestic Exempt Water Well" used for ordinary household purposes, 98 Buyer must, prior to or at Closing, complete a Change in Ownership form for the well. If an existing well has not been registered 99 with the Colorado Division of Water Resources in the Department of Natural Resources (Division), Buyer must complete a CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 2 of 21 Buyer initials '41t*.-. Seller initials RLE 100 registration of existing well form for the well and pay the cost of registration. If no person will be providing a closing service in 101 connection with the transaction, Buyer must file the form with the Division within sixty days after Closing. The Well Permit # is 102 N/A. 103 ❑X 2.7.4. Water Stock Certificates. The water stock certificates to be transferred at Closing are as follows: 104 Any associated with the Property 105 106 107 108 109 2.7.5. Conveyance. If Buyer is to receive any rights to water pursuant to § 2.7.2. (Other Rights Relating to Water), 110 § 2.7.3. (Well Rights), or § 2.7.4. (Water Stock Certificates), Seller agrees to convey such rights to Buyer by executing the applicable 111 legal instrument at Closing. 112 2.7.6. Water Rights Review. Buyer ❑ Does ❑X Does Not have a Right to Terminate if examination of the Water 113 Rights is unsatisfactory to Buyer on or before the Water Rights Examination Deadline. 114 3. DATES, DEADLINES AND APPLICABILITY. 115 3.1. Dates and Deadlines. Item No. Reference Event Date or Deadline 1 § 3 Time of Day Deadline N/A 2 § 4 Alternative Earnest Money Deadline 5 days after MEC Title 3 § 8 Record Title Deadline (and Tax Certificate) 10 days after MEC 4 § 8 Record Title Objection Deadline 165 days after MEC 5 § 8 Off -Record Title Deadline 10 days after MEC 6 § 8 Off -Record Title Objection Deadline 165 days after MEC 7 § 8 Title Resolution Deadline 175 days after MEC 8 § 8 Third Party Right to Purchase/ApproveDeadline N/A Owners' Association 9 § 7 Association Documents Deadline N/A 10 § 7 Association Documents Termination Deadline N/A Seller's Disclosures 11 § 10 Seller's Property Disclosure Deadline N/A 12 § 10 Lead -Based Paint Disclosure Deadline (if Residential Addendum attached) N/A Loan and Credit 13 § 5 New Loan Application Deadline N/A 14 § 5 New Loan Terms Deadline N/A 15 § 5 New Loan Availability Deadline N/A 16 § 5 Buyer's Credit Information Deadline N/A 17 § 5 Disapproval of Buyer's Credit Information Deadline N/A 18 § 5 Existing Loan Deadline N/A 19 § 5 Existing Loan Termination Deadline N/A 20 § 5 Loan Transfer Approval Deadline N/A 21 § 4 Seller or Private Financing Deadline N/A Appraisal 22 § 6 Appraisal Deadline N/A 23 § 6 Appraisal Objection Deadline N/A 24 § 6 Appraisal Resolution Deadline N/A CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 RLE Buyer initials fkOkt- Seller initials Page 3 of 21 Survey 25 § 9 New ILC or New Survey Deadline 50 days after MEC 26 §9 New ILC or New Survey Objection Deadline 165 days after MEC 27 § 9 New ILC or New Survey Resolution Deadline 175 days after MEC Inspection and Due Diligence 28 § 2 Water Rights Examination Deadline N/A 29 § 8 Mineral Rights Examination Deadline N/A 30 § 10 Inspection Termination Deadline 175 days after MEC 31 § 10 Inspection Objection Deadline 165 days after MEC 32 § 10 Inspection Resolution Deadline 175 days after MEC 33 § 10 Property Insurance Termination Deadline N/A 34 § 10 Due Diligence Documents Delivery Deadline 15 days after MEC 35 § 10 Due Diligence Documents Objection Deadline 165 days after MEC 36 § 10 Due Diligence Documents Resolution Deadline 175 days after MEC 37 § 10 Environmental Inspection Termination Deadline 175 days after MEC 38 § 10 ADA Evaluation Termination Deadline N/A 39 § 10 Conditional Sale Deadline N/A 40 § 10 Lead -Based Paint Termination Deadline (if Residential Addendum attached) 175 days after MEC 41 § 11 Estoppel Statements Deadline N/A 42 § 11 Estoppel Statements Termination Deadline N/A Closing and Possession 43 § 12 Closing Date 180 days after MEC 44 § 17 Possession Date Date of Closing 45 § 17 Possession Time At Closing 46 § 27 Acceptance Deadline Date July 24, 2024 47 § 27 Acceptance Deadline Time 5:00 PM MST N/A N/A N/A N/A N/A N/A 116 3.2. Applicability of Terms. If any deadline blank in § 3.1. (Dates and Deadlines) is left blank or completed with "N/A", 117 or the word "Deleted", such deadline is not applicable and the corresponding provision containing the deadline is deleted. Any box 118 checked in this Contract means the corresponding provision applies. If no box is checked in a provision that contains a selection of 119 "None", such provision means that "None" applies. 120 The abbreviation "MEC" (mutual execution of this Contract) means the date upon which both parties have signed this Contract. The 121 abbreviation "N/A' as used in this Contract means not applicable. 122 3.3. Day; Computation of Period of Days; Deadlines. 123 3.3.L Day. As used in this Contract, the term "day" means the entire day ending at 11:59 p.m., United States 124 Mountain Time (Standard or Daylight Savings, as applicable). Except however, if a Time of Day Deadline is specified in § 3.1. 125 (Dates and Deadlines), all Objection Deadlines, Resolution Deadlines, Examination Deadlines and Termination Deadlines will end 126 on the specified deadline date at the time of day specified in the Time of Day Deadline, United States Mountain Time. If Time of 127 Day Deadline is left blank or "N/A" the deadlines will expire at 11:59 p.m., United States Mountain Time. 128 3.3.2. Computation of Period of Days. In computing a period of days (e.g., three days after MEC), when the 129 ending date is not specified, the first day is excluded and the last day is included. 130 3.3.3. Deadlines. If any deadline falls on a Saturday, Sunday or federal or Colorado state holiday (Holiday), such 131 deadline ❑% Will ❑ Will Not be extended to the next day that is not a Saturday, Sunday or Holiday. Should neither box be checked, 132 the deadline will not be extended. 133 4. PURCHASE PRICE AND TERMS. 134 4.1. Price and Terms. The Purchase Price set forth below is payable in U.S. Dollars by Buyer as follows: CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 4 of 21 RLE Buyer initials �� ` Seller initials Item No. Reference Item Amount I Amount 1 § 4.1. Purchase Price $ 820, 000 00 2 § 4.3. Earnest Money $ 30, 000.00 3 § 4.5. New Loan $ N/A 4 § 4.6. Assumption Balance $ N/A 5 § 4.7. Private Financing $ N/A 6 § 4.7. Seller Financing $ N/A 7 N/A N/A N/A N/A 8 N/A N/A N/A N/A 9 § 4.4. Cash at Closing $ 790, 000.00 10 TOTAL $ 820, 000.00 $ 820, 000.00 135 4.2. Seller Concession. At Closing, Seller will credit to Buyer $ N/A (Seller Concession). The Seller 136 Concession may be used for any Buyer fee, cost, charge or expenditure to the extent the amount is allowed by the Buyer's lender 137 and is included in the Closing Statement or Closing Disclosure at Closing. Examples of allowable items to be paid for by the Seller 138 Concession include, but are not limited to: Buyer's closing costs, loan discount points, loan origination fees, prepaid items and any 139 other fee, cost, charge, expense or expenditure. Seller Concession is in addition to any sum Seller has agreed to pay or credit Buyer 140 elsewhere in this Contract. 141 4.3. Earnest Money. The Earnest Money set forth in this Section, in the form of a Check or Wire, will be 142 payable to and held by Seller's Selected Title Company (Earnest Money Holder), in its trust account, on behalf of 143 both Seller and Buyer. The Earnest Money deposit must be tendered, by Buyer, with this Contract unless the parties mutually agree 144 to an Alternative Earnest Money Deadline for its payment. The parties authorize delivery of the Earnest Money deposit to the 145 company conducting the Closing (Closing Company), if any, at or before Closing. In the event Earnest Money Holder has agreed to 146 have interest on Earnest Money deposits transferred to a fund established for the purpose of providing affordable housing to Colorado 147 residents, Seller and Buyer acknowledge and agree that any interest accruing on the Earnest Money deposited with the Earnest 148 Money Holder in this transaction will be transferred to such fund. 149 4.3.1. Alternative Earnest Money Deadline. The deadline for delivering the Earnest Money, if other than at the 150 time of tender of this Contract, is as set forth as the Alternative Earnest Money Deadline. 151 4.3.2. Disposition of Earnest Money. If Buyer has a Right to Terminate and timely terminates, Buyer is entitled 152 to the return of Earnest Money as provided in this Contract. If this Contract is terminated as set forth in § 24 and, except as provided 153 in § 23 (Earnest Money Dispute), if the Earnest Money has not already been returned following receipt of a Notice to Terminate, 154 Seller agrees to execute and return to Buyer or Broker working with Buyer, written mutual instructions (e.g., Earnest Money Release 155 form), within three days of Seller's receipt of such form. If Seller is entitled to the Earnest Money, and, except as provided in § 23 156 (Earnest Money Dispute), if the Earnest Money has not already been paid to Seller, following receipt of an Earnest Money Release 157 form, Buyer agrees to execute and return to Seller or Broker working with Seller, written mutual instructions (e.g., Earnest Money 158 Release form), within three days of Buyer's receipt. 159 4.3.2.1. Seller Failure to Timely Return Earnest Money. If Seller fails to timely execute and return the 160 Earnest Money Release Form, or other written mutual instructions, Seller is in default and liable to Buyer as set forth in "If Seller 161 is in Default", § 20.2. and § 21, unless Seller is entitled to the Earnest Money due to a Buyer default. 162 4.3.2.2. Buyer Failure to Timely Release Earnest Money. If Buyer fails to timely execute and return the 163 Earnest Money Release Form, or other written mutual instructions, Buyer is in default and liable to Seller as set forth in "If Buyer 164 is in Default, § 20.1. and § 21, unless Buyer is entitled to the Earnest Money due to a Seller Default. 165 4.4. Form of Funds; Time of Payment; Available Funds. 166 4.4.1. Good Funds. All amounts payable by the parties at Closing, including any loan proceeds, Cash at Closing 167 and closing costs, must be in funds that comply with all applicable Colorado laws, including electronic transfer funds, certified 168 check, savings and loan teller's check and cashier's check (Good Funds). 169 4.4.2. Time of Payment. All funds, including the Purchase Price to be paid by Buyer, must be paid before or at 170 Closing or as otherwise agreed in writing between the parties to allow disbursement by Closing Company at Closing OR SUCH 171 NONPAYING PARTY WILL BE IN DEFAULT. 172 4.4.3. Available Funds. Buyer represents that Buyer, as of the date of this Contract, ❑R Does ❑ Does Not have 173 funds that are immediately verifiable and available in an amount not less than the amount stated as Cash at Closing in § 4.1. 174 4.5. New Loan. OMITTED AS INAPPLICABLE. 182 4.6. Assumption. OMITTED AS INAPPLICABLE. CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9.48 Page 5 of 21 RLE Buyer initials Seller initials 195 4.7. Seller or Private Financing. OMITTED AS INAPPLICABLE. 211 TRANSACTION PROVISIONS 212 5. FINANCING CONDITIONS AND OBLIGATIONS. 213 5.1. New Loan Application. If Buyer is to pay all or part of the Purchase Price by obtaining one or more new loans (New 214 Loan), or if an existing loan is not to be released at Closing, Buyer, if required by such lender, must make an application verifiable 215 by such lender, on or before New Loan Application Deadline and exercise reasonable efforts to obtain such loan or approval. 216 5.2. New Loan Terms; New Loan Availability. 217 5.2.1. New Loan Terms. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is 218 conditional upon Buyer determining, in Buyer's sole subjective discretion, whether the proposed New Loan's payments, interest 219 rate, conditions and costs or any other loan terms (New Loan Terms) are satisfactory to Buyer. This condition is for the sole benefit 220 of Buyer. Buyer has the Right to Terminate under § 24.1., on or before New Loan Terms Deadline, if the New Loan Terms are not 221 satisfactory to Buyer, in Buyer's sole subjective discretion. 222 5.2.2. New Loan Availability. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is 223 conditional upon Buyer's satisfaction with the availability of the New Loan based on the lender's review and underwriting of Buyer's 224 New Loan Application (New Loan Availability). Buyer has the Right to Terminate under § 24.1., on or before the New Loan 225 Availability Deadline if the New Loan Availability is not satisfactory to Buyer. Buyer does not have a Right to Terminate based on the 226 New Loan Availability if the termination is based on the New Loan Terms, Appraised Value (defined below), the Lender Property 227 Requirements (defined below), Insurability (§ 10.5. below) or the Conditional Upon Sale of Property (§ 10.7. below). IF SELLER IS 228 NOT IN DEFAULT AND DOES NOT TIMELY RECEIVE BUYER'S WRITTEN NOTICE TO TERMINATE, BUYER'S 229 EARNEST MONEY WILL BE NONREFUNDABLE, except as otherwise provided in this Contract (e.g., Appraisal, Title, 230 Survey). 231 5.3. Credit Information. If an existing loan is not to be released at Closing, this Contract is conditional (for the sole benefit 232 of Seller) upon Seller's approval of Buyer's financial ability and creditworthiness, which approval will be in Seller's sole subjective 233 discretion. Accordingly: (1) Buyer must supply to Seller by Buyer's Credit Information Deadline, at Buyer's expense, information 234 and documents (including a current credit report) concerning Buyer's financial, employment and credit condition; (2) Buyer consents 235 that Seller may verify Buyer's financial ability and creditworthiness; and (3) any such information and documents received by Seller 236 must be held by Seller in confidence and not released to others except to protect Seller's interest in this transaction. If the Cash at 237 Closing is less than as set forth in § 4.1. of this Contract, Seller has the Right to Terminate under § 24.1., on or before Closing. If 238 Seller disapproves of Buyer's financial ability or creditworthiness, in Seller's sole subjective discretion, Seller has the Right to 239 Terminate under § 24.1., on or before Disapproval of Buyer's Credit Information Deadline. 240 5.4. Existing Loan Review. If an existing loan is not to be released at Closing, Seller must deliver copies of the loan 241 documents (including note, deed of trust and any modifications) to Buyer by Existing Loan Deadline. For the sole benefit of Buyer, 242 this Contract is conditional upon Buyer's review and approval of the provisions of such loan documents. Buyer has the Right to 243 Terminate under § 24.1., on or before Existing Loan Termination Deadline, based on any unsatisfactory provision of such loan 244 documents, in Buyer's sole subjective discretion. If the lender's approval of a transfer of the Property is required, this Contract is 245 conditional upon Buyer obtaining such approval without change in the terms of such loan, except as set forth in § 4.6. If lender's 246 approval is not obtained by Loan Transfer Approval Deadline, this Contract will terminate on such deadline. Seller has the Right 247 to Terminate under § 24.1., on or before Closing, in Seller's sole subjective discretion, if Seller is to be released from liability under 248 such existing loan and Buyer does not obtain such compliance as set forth in § 4.6. 249 6. APPRAISAL PROVISIONS. 250 6.1. Appraisal Definition. An "Appraisal" is an opinion of value prepared by a licensed or certified appraiser, engaged on 251 behalf of Buyer or Buyer's lender, to determine the Property's market value (Appraised Value). The Appraisal may also set forth 252 certain lender requirements, replacements, removals or repairs necessary on or to the Property as a condition for the Property to be 253 valued at the Appraised Value. 254 6.2. Appraised Value. The applicable appraisal provision set forth below applies to the respective loan type set forth in 255 § 4.5.3., or if a cash transaction (i.e., no financing), § 6.2.1. applies. 256 6.2.1. Conventional/Other. Buyer has the right to obtain an Appraisal. If the Appraised Value is less than the 257 Purchase Price, or if the Appraisal is not received by Buyer on or before Appraisal Deadline Buyer may, on or before Appraisal 258 Objection Deadline: 259 6.2.1.1. Notice to Terminate. Notify Seller in writing, pursuant to § 24.1., that this Contract is terminated; 260 or 261 6.2.1.2. Appraisal Objection. Deliver to Seller a written objection accompanied by either a copy of the 262 Appraisal or written notice from lender that confirms the Appraised Value is less than the Purchase Price (Lender Verification). CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 6 of 21 R. Buyer initials RIcP Seller initials 263 6.2.1.3. Appraisal Resolution. If an Appraisal Objection is received by Seller, on or before Appraisal 264 Objection Deadline and if Buyer and Seller have not agreed in writing to a settlement thereof on or before Appraisal Resolution 265 Deadline, this Contract will terminate on the Appraisal Resolution Deadline, unless Seller receives Buyer's written withdrawal of 266 the Appraisal Objection before such termination, (i.e., on or before expiration of Appraisal Resolution Deadline). 267 6.3. Lender Property Requirements. If the lender imposes any written requirements, replacements, removals or repairs, 268 including any specified in the Appraisal (Lender Property Requirements) to be made to the Property (e.g., roof repair, repainting), 269 beyond those matters already agreed to by Seller in this Contract, this Contract terminates on the earlier of three days following 270 Seller's receipt of the Lender Property Requirements, or Closing, unless prior to termination: (1) the parties enter into a written 271 agreement to satisfy the Lender Property Requirements; (2) the Lender Property Requirements have been completed; or (3) the 272 satisfaction of the Lender Requirements is waived in writing by Buyer. 273 6.4. Cost of Appraisal. Cost of the Appraisal to be obtained after the date of this Contract must be timely paid by ❑ Buyer 274 ❑ Seller. The cost of the Appraisal may include any and all fees paid to the appraiser, appraisal management company, lender's 275 agent or all three. 276 7. OWNERS' ASSOCIATIONS. This Section is applicable if the Property is located within one or more Common Interest 277 Communities and subject to one or more declarations (Association). 278 7.1. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 279 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR THE COMMUNITY. THE OWNER OF 280 THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNERS' ASSOCIATION FOR THE 281 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 282 ASSOCIATION. THE DECLARATION, BYLAWS AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 283 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS 284 OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE ASSOCIATION COULD 285 PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE DECLARATION, BYLAWS 286 AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE OWNER FROM MAKING 287 CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE ASSOCIATION (OR A 288 COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. PURCHASERS OF 289 PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE FINANCIAL 290 OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY READ THE 291 DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF THE 292 ASSOCIATION. 293 7.2. Association Documents to Buyer. Seller is obligated to provide to Buyer the Association Documents (defined below), 294 at Seller's expense, on or before Association Documents Deadline. Seller authorizes the Association to provide the Association 295 Documents to Buyer, at Seller's expense. Seller's obligation to provide the Association Documents is fulfilled upon Buyer's receipt 296 of the Association Documents, regardless of who provides such documents. 297 7.3. Association Documents. Association documents (Association Documents) consist of the following: 298 7.3.1. All Association declarations, articles of incorporation, bylaws, articles of organization, operating agreements, 299 rules and regulations, party wall agreements and the Association's responsible governance policies adopted under § 38-33.3-209.5, 300 C.R.S.; 301 7.3.2. Minutes of: (1) the annual owners' or members' meeting and (2) any executive boards' or managers' meetings; 302 such minutes include those provided under the most current annual disclosure required under § 38-33.3-209.4, C.R.S. (Annual 303 Disclosure) and minutes of meetings, if any, subsequent to the minutes disclosed in the Annual Disclosure. If none of the preceding 304 minutes exist, then the most recent minutes, if any (§§ 7.3.1. and 7.3.2., collectively, Governing Documents); and 305 7.3.3. List of all Association insurance policies as provided in the Association's last Annual Disclosure, including, 306 but not limited to, property, general liability, association director and officer professional liability and fidelity policies. The list must 307 include the company names, policy limits, policy deductibles, additional named insureds and expiration dates of the policies listed 308 (Association Insurance Documents); 309 7.3.4. A list by unit type of the Association's assessments, including both regular and special assessments as 310 disclosed in the Association's last Annual Disclosure; 311 7.3.5. The Association's most recent financial documents which consist of: (1) the Association's operating budget 312 for the current fiscal year, (2) the Association's most recent annual financial statements, including any amounts held in reserve for 313 the fiscal year immediately preceding the Association's last Annual Disclosure, (3) the results of the Association's most recent 314 available financial audit or review, (4) list of the fees and charges (regardless of name or title of such fees or charges) that the 315 Association's community association manager or Association will charge in connection with the Closing including, but not limited 316 to, any fee incident to the issuance of the Association's statement of assessments (Status Letter), any rush or update fee charged for 317 the Status Letter, any record change fee or ownership record transfer fees (Record Change Fee), fees to access documents, (5) list of CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 7 of 21 RLE Buyer initials Seller initials 318 all assessments required to be paid in advance, reserves or working capital due at Closing and (6) reserve study, if any (§§ 7.3.4. and 319 7.3.5., collectively, Financial Documents); 320 7.3.6. Any written notice from the Association to Seller of a "construction defect action" under § 38-33.3-303.5, 321 C.R.S. within the past six months and the result of whether the Association approved or disapproved such action (Construction 322 Defect Documents). Nothing in this Section limits the Seller's obligation to disclose adverse material facts as required under § 10.2. 323 (Disclosure of Adverse Material Facts; Subsequent Disclosure; Present Condition) including any problems or defects in the common 324 elements or limited common elements of the Association property. 325 7.4. Conditional on Buyer's Review. Buyer has the right to review the Association Documents. Buyer has the Right to 326 Terminate under § 24.1., on or before Association Documents Termination Deadline, based on any unsatisfactory provision in 327 any of the Association Documents, in Buyer's sole subjective discretion. Should Buyer receive the Association Documents after 328 Association Documents Deadline, Buyer, at Buyer's option, has the Right to Terminate under § 24.1. by Buyer's Notice to 329 Terminate received by Seller on or before ten days after Buyer's receipt of the Association Documents. If Buyer does not receive 330 the Association Documents, or if Buyer's Notice to Terminate would otherwise be required to be received by Seller after Closing 331 Date, Buyer's Notice to Terminate must be received by Seller on or before Closing. If Seller does not receive Buyer's Notice to 332 Terminate within such time, Buyer accepts the provisions of the Association Documents as satisfactory and Buyer waives any Right 333 to Terminate under this provision, notwithstanding the provisions of § 8.6. (Third Party Right to Purchase/Approve). 334 8. TITLE INSURANCE, RECORD TITLE AND OFF -RECORD TITLE. 335 8.1. Evidence of Record Title. 336 ❑X 8.1.1. Seller Selects Title Insurance Company. If this box is checked, Seller will select the title insurance 337 company to furnish the owner's title insurance policy at Seller's expense. On or before Record Title Deadline, Seller must furnish 338 to Buyer, a current commitment for an owner's title insurance policy (Title Commitment), in an amount equal to the Purchase Price, 339 or if this box is checked, ❑ an Abstract of Title certified to a current date. Seller will cause the title insurance policy to be issued 340 and delivered to Buyer as soon as practicable at or after Closing. 341 ❑ 8.1.2. Buyer Selects Title Insurance Company. If this box is checked, Buyer will select the title insurance 342 company to furnish the owner's title insurance policy at Buyer's expense. On or before Record Title Deadline, Buyer must furnish to 343 Seller, a current commitment for owner's title insurance policy (Title Commitment), in an amount equal to the Purchase Price. 344 If neither box in § 8.1.1. or § 8.1.2. is checked, § 8.1.1. applies. 345 8.1.3. Owner's Extended Coverage (OEC). The Title Commitment ❑X Will ❑ Will Not contain Owner's 346 Extended Coverage (OEC). If the Title Commitment is to contain OEC, it will commit to delete or insure over the standard exceptions 347 which relate to: (1) parties in possession, (2) unrecorded easements, (3) survey matters, (4) unrecorded mechanics' liens, (5) gap 348 period (period between the effective date and time of commitment to the date and time the deed is recorded) and (6) unpaid taxes, 349 assessments and unredeemed tax sales prior to the year of Closing. Any additional premium expense to obtain OEC will be paid by 350 ❑x Buyer ❑ Seller ❑ One -Half by Buyer and One -Half by Seller ❑ Other N/A. 351 Regardless of whether the Contract requires OEC, the Title Insurance Commitment may not provide OEC or delete or insure over 352 any or all of the standard exceptions for OEC. The Title Insurance Company may require a New Survey or New ILC, defined below, 353 among other requirements for OEC. If the Title Insurance Commitment is not satisfactory to Buyer, Buyer has a right to object under 354 § 8.7. (Right to Object to Title, Resolution). 355 8.1.4. Title Documents. Title Documents consist of the following: (1) copies of any plats, declarations, covenants, 356 conditions and restrictions burdening the Property and (2) copies of any other documents (or, if illegible, summaries of such 357 documents) listed in the schedule of exceptions (Exceptions) in the Title Commitment furnished to Buyer (collectively, Title 358 Documents). 359 8.1.5. Copies of Title Documents. Buyer must receive, on or before Record Title Deadline, copies of all Title 360 Documents. This requirement pertains only to documents as shown of record in the office of the clerk and recorder in the county 361 where the Property is located. The cost of furnishing copies of the documents required in this Section will be at the expense of the 362 party or parties obligated to pay for the owner's title insurance policy. 363 8.1.6. Existing Abstracts of Title. Seller must deliver to Buyer copies of any abstracts of title covering all or any 364 portion of the Property (Abstract of Title) in Seller's possession on or before Record Title Deadline. 365 8.2. Record Title. Buyer has the right to review and object to the Abstract of Title or Title Commitment and any of the 366 Title Documents as set forth in § 8.7. (Right to Object to Title, Resolution) on or before Record Title Objection Deadline. Buyer's 367 objection may be based on any unsatisfactory form or content of Title Commitment or Abstract of Title, notwithstanding § 13, or 368 any other unsatisfactory title condition, in Buyer's sole subjective discretion. If the Abstract of Title, Title Commitment or Title 369 Documents are not received by Buyer on or before the Record Title Deadline, or if there is an endorsement to the Title Commitment 370 that adds a new Exception to title, a copy of the new Exception to title and the modified Title Commitment will be delivered to 371 Buyer. Buyer has until the earlier of Closing or ten days after receipt of such documents by Buyer to review and object to: (1) any 372 required Title Document not timely received by Buyer, (2) any change to the Abstract of Title, Title Commitment or Title Documents, 373 or (3) any endorsement to the Title Commitment. If Seller receives Buyer's Notice to Terminate or Notice of Title Objection, CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 8 of 21 RLE Buyer initials 1Lt Seller initials 374 pursuant to this § 8.2. (Record Title), any title objection by Buyer is governed by the provisions set forth in § 8.7. (Right to Object 375 to Title, Resolution). If Seller has fulfilled all Seller's obligations, if any, to deliver to Buyer all documents required by § 8.1. 376 (Evidence of Record Title) and Seller does not receive Buyer's Notice to Terminate or Notice of Title Objection by the applicable 377 deadline specified above, Buyer accepts the condition of title as disclosed by the Abstract of Title, Title Commitment and Title 378 Documents as satisfactory. 379 8.3. Off -Record Title. Seller must deliver to Buyer, on or before Off -Record Title Deadline, true copies of all existing 380 surveys in Seller's possession pertaining to the Property and must disclose to Buyer all easements, liens (including, without 381 limitation, governmental improvements approved, but not yet installed) or other title matters not shown by public records, of which 382 Seller has actual knowledge (Off -Record Matters). This Section excludes any New ILC or New Survey governed under § 9 (New 383 ILC, New Survey). Buyer has the right to inspect the Property to investigate if any third party has any right in the Property not shown 384 by public records (e.g., unrecorded easement, boundary line discrepancy or water rights). Buyer's Notice to Terminate or Notice of 385 Title Objection of any unsatisfactory condition (whether disclosed by Seller or revealed by such inspection, notwithstanding § 8.2. 386 (Record Title) and § 13 (Transfer of Title)), in Buyer's sole subjective discretion, must be received by Seller on or before Off - 387 Record Title Objection Deadline. If an Off -Record Matter is received by Buyer after the Off -Record Title Deadline, Buyer has 388 until the earlier of Closing or ten days after receipt by Buyer to review and object to such Off -Record Matter. If Seller receives 389 Buyer's Notice to Terminate or Notice of Title Objection pursuant to this § 8.3. (Off -Record Title), any title objection by Buyer is 390 governed by the provisions set forth in § 8.7. (Right to Object to Title, Resolution). If Seller does not receive Buyer's Notice to 391 Terminate or Notice of Title Objection by the applicable deadline specified above, Buyer accepts title subject to such Off -Record 392 Matters and rights, if any, of third parties not shown by public records of which Buyer has actual knowledge. 393 8.4. Special Taxing and Metropolitan Districts. Intentionally Deleted. 394 8.5. Tax Certificate. A tax certificate paid for by ❑ Seller ❑R Buyer, for the Property (Tax Certificate) must be delivered 395 to Buyer on or before Record Title Deadline. If the content of the Tax Certificate is unsatisfactory to Buyer, in Buyer's sole 396 subjective discretion, Buyer may terminate, on or before Record Title Objection Deadline. Should Buyer receive the Tax Certificate 397 after Record Title Deadline, Buyer, at Buyer's option, has the Right to Terminate under § 24.1. by Buyer's Notice to Terminate 398 received by Seller on or before ten days after Buyer's receipt of the Tax Certificate. If Buyer does not receive the Tax Certificate, or 399 if Buyer's Notice to Terminate would otherwise be required to be received by Seller after Closing Date, Buyer's Notice to Terminate 400 must be received by Seller on or before Closing. If Seller does not receive Buyer's Notice to Terminate within such time, Buyer 401 accepts the content of the Tax Certificate as satisfactory and Buyer waives any Right to Terminate under this provision. If Buyer's 402 loan specified in § 4.5.3. (Loan Limitations) prohibits Buyer from paying for the Tax Certificate, the Tax Certificate will be paid for 403 by Seller. 404 8.6. Third Party Right to Purchase/Approve. If any third party has a right to purchase the Property (e.g., right of first 405 refusal on the Property, right to purchase the Property under a lease or an option held by a third party to purchase the Property) or a 406 right of a third party to approve this Contract, Seller must promptly submit this Contract according to the terms and conditions of 407 such right. If the third -party holder of such right exercises its right this Contract will terminate. If the third party's right to purchase 408 is waived explicitly or expires, or the Contract is approved, this Contract will remain in full force and effect. Seller must promptly 409 notify Buyer in writing of the foregoing. If the third party right to purchase is exercised or approval of this Contract has not occurred 410 on or before Third Party Right to Purchase/Approve Deadline, this Contract will then terminate. Seller will supply to Buyer, in 411 writing, details of any Third Party Right to Purchase the Property on or before the Record Title Deadline. 412 8.7. Right to Object to Title, Resolution. Buyer has a right to object or terminate, in Buyer's sole subjective discretion, 413 based on any title matters including those matters set forth in § 8.2. (Record Title), § 8.3. (Off -Record Title), § 8.5. (Tax Certificate) 414 and § 13 (Transfer of Title). If Buyer exercises Buyer's rights to object or terminate based on any such title matter, on or before the 415 applicable deadline, Buyer has the following options: 416 8.7.1. Title Objection, Resolution. If Seller receives Buyer's written notice objecting to any title matter (Notice of 417 Title Objection) on or before the applicable deadline and if Buyer and Seller have not agreed to a written settlement thereof on or 418 before Title Resolution Deadline, this Contract will terminate on the expiration of Title Resolution Deadline, unless Seller receives 419 Buyer's written withdrawal of Buyer's Notice of Title Objection (i.e., Buyer's written notice to waive objection to such items and 420 waives the Right to Terminate for that reason), on or before expiration of Title Resolution Deadline. If either the Record Title 421 Deadline or the Off -Record Title Deadline, or both, are extended pursuant to § 8.2. (Record Title) or § 8.3. (Off -Record Title) the 422 Title Resolution Deadline also will be automatically extended to the earlier of Closing or fifteen days after Buyer's receipt of the 423 applicable documents; or 424 8.7.2. Title Objection, Right to Terminate. Buyer may exercise the Right to Terminate under § 24.1., on or before 425 the applicable deadline, based on any title matter unsatisfactory to Buyer, in Buyer's sole subjective discretion. 426 8.8. Title Advisory. The Title Documents affect the title, ownership and use of the Property and should be reviewed 427 carefully. Additionally, other matters not reflected in the Title Documents may affect the title, ownership and use of the Property, 428 including, without limitation, boundary lines and encroachments, set -back requirements, area, zoning, building code violations, 429 unrecorded easements and claims of easements, leases and other unrecorded agreements, water on or under the Property and various 430 laws and governmental regulations concerning land use, development and environmental matters. CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 9 of 21 RLE Buyer initials „ Seller initials 431 8.8.1. OIL, GAS, WATER AND MINERAL DISCLOSURE. THE SURFACE ESTATE OF THE 432 PROPERTY MAY BE OWNED SEPARATELY FROM THE UNDERLYING MINERAL ESTATE AND TRANSFER OF 433 THE SURFACE ESTATE MAY NOT NECESSARILY INCLUDE TRANSFER OF THE MINERAL ESTATE OR WATER 434 RIGHTS. THIRD PARTIES MAY OWN OR LEASE INTERESTS IN OIL, GAS, OTHER MINERALS, GEOTHERMAL 435 ENERGY OR WATER ON OR UNDER THE SURFACE OF THE PROPERTY, WHICH INTERESTS MAY GIVE THEM 436 RIGHTS TO ENTER AND USE THE SURFACE OF THE PROPERTY TO ACCESS THE MINERAL ESTATE, OIL, 437 GAS OR WATER. 438 8.8.2. SURFACE USE AGREEMENT. THE USE OF THE SURFACE ESTATE OF THE PROPERTY TO 439 ACCESS THE OIL, GAS OR MINERALS MAY BE GOVERNED BY A SURFACE USE AGREEMENT, A 440 MEMORANDUM OR OTHER NOTICE OF WHICH MAY BE RECORDED WITH THE COUNTY CLERK AND 441 RECORDER. 442 8.8.3. OIL AND GAS ACTIVITY. OIL AND GAS ACTIVITY THAT MAY OCCUR ON OR ADJACENT 443 TO THE PROPERTY MAY INCLUDE, BUT IS NOT LIMITED TO, SURVEYING, DRILLING, WELL COMPLETION 444 OPERATIONS, STORAGE, OIL AND GAS, OR PRODUCTION FACILITIES, PRODUCING WELLS, REWORKING 445 OF CURRENT WELLS AND GAS GATHERING AND PROCESSING FACILITIES. 446 8.8.4. ADDITIONAL INFORMATION. BUYER IS ENCOURAGED TO SEEK ADDITIONAL 447 INFORMATION REGARDING OIL AND GAS ACTIVITY ON OR ADJACENT TO THE PROPERTY, INCLUDING 448 DRILLING PERMIT APPLICATIONS. THIS INFORMATION MAY BE AVAILABLE FROM THE COLORADO OIL 449 AND GAS CONSERVATION COMMISSION. 450 8.8.5. Title Insurance Exclusions. Matters set forth in this Section and others, may be excepted, excluded from, or 451 not covered by the owner's title insurance policy. 452 8.9. Mineral Rights Review. Buyer ❑ Does ❑x Does Not have a Right to Terminate if examination of the Mineral 453 Rights is unsatisfactory to Buyer on or before the Mineral Rights Examination Deadline. 454 9. NEW ILC, NEW SURVEY. 455 9.1. New ILC or New Survey. If the box is checked, (1) ❑ New Improvement Location Certificate (New ILC); or, (2) 456 ❑7C New Survey in the form of N/A; is required and the following will apply: 457 9.1.1. Ordering of New ILC or New Survey. ❑ Seller ❑ Buyer will order the New ILC or New Survey. The 458 New ILC or New Survey may also be a previous ILC or survey that is in the above -required form, certified and updated as of a date 459 after the date of this Contract. 460 9.1.2. Payment for New ILC or New Survey. The cost of the New ILC or New Survey will be paid, on or before 461 Closing, by: ❑ Seller ❑ Buyer or: 462 Survey/ILC shall be provided by listing agent at Listing agent cost. 463 464 9.1.3. Delivery of New ILC or New Survey. Buyer, Seller, the issuer of the Title Commitment (or the provider of 465 the opinion of title if an Abstract of Title) and N/A will receive a New ILC or New Survey on or before New 466 ILC or New Survey Deadline. 467 9.1.4. Certification of New ILC or New Survey. The New ILC or New Survey will be certified by the surveyor to 468 all those who are to receive the New ILC or New Survey. 469 9.2. Buyer's Right to Waive or Change New ILC or New Survey Selection. Buyer may select a New ILC or New 470 Survey different than initially specified in this Contract if there is no additional cost to Seller or change to the New ILC or New 471 Survey Objection Deadline. Buyer may, in Buyer's sole subjective discretion, waive a New ILC or New Survey if done prior to 472 Seller incurring any cost for the same. 473 9.3. New ILC or New Survey Objection. Buyer has the right to review and object based on the New ILC or New Survey. 474 If the New ILC or New Survey is not timely received by Buyer or is unsatisfactory to Buyer, in Buyer's sole subjective discretion, 475 Buyer may, on or before New ILC or New Survey Objection Deadline, notwithstanding § 8.3. or § 13: 476 9.3.1. Notice to Terminate. Notify Seller in writing, pursuant to § 24.1., that this Contract is terminated; or 477 9.3.2. New ILC or New Survey Objection. Deliver to Seller a written description of any matter that was to be 478 shown or is shown in the New ILC or New Survey that is unsatisfactory and that Buyer requires Seller to correct. 479 933. New ILC or New Survey Resolution. If a New ILC or New Survey Objection is received by Seller, on or 480 before New ILC or New Survey Objection Deadline and if Buyer and Seller have not agreed in writing to a settlement thereof on 481 or before New ILC or New Survey Resolution Deadline, this Contract will terminate on expiration of the New ILC or New Survey 482 Resolution Deadline, unless Seller receives Buyer's written withdrawal of the New ILC or New Survey Objection before such 483 termination (i.e., on or before expiration of New ILC or New Survey Resolution Deadline). 484 I DISCLOSURE, INSPECTION AND DUE DILIGENCE I CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 10 of 21 RLE Buyer initials -- Seller initials 485 10. PROPERTY DISCLOSURE, INSPECTION, INDEMNITY, INSURABILITY AND DUE DILIGENCE. 486 10.1. Seller's Property Disclosure. On or before Seller's Property Disclosure Deadline, Seller agrees to deliver to Buyer 487 the most current version of the applicable Colorado Real Estate Commission's Seller's Property Disclosure form completed by Seller 488 to Seller's actual knowledge and current as of the date of this Contract. 489 10.2. Disclosure of Adverse Material Facts; Subsequent Disclosure; Present Condition. Seller must disclose to Buyer 490 any adverse material facts actually known by Seller as of the date of this Contract. Seller agrees that disclosure of adverse material 491 facts will be in writing. In the event Seller discovers an adverse material fact after the date of this Contract, Seller must timely 492 disclose such adverse fact to Buyer. Buyer has the Right to Terminate based on the Seller's new disclosure on the earlier of Closing 493 or five days after Buyer's receipt of the new disclosure. Except as otherwise provided in this Contract, Buyer acknowledges that 494 Seller is conveying the Property to Buyer in an "As Is" condition, "Where Is" and "With All Faults." 495 10.3. Inspection. Unless otherwise provided in this Contract, Buyer, acting in good faith, has the right to have inspections 496 (by one or more third parties, personally or both) of the Property, Leased Items, and Inclusions (Inspection), at Buyer's expense. If 497 (1) the physical condition of the Property, including, but not limited to, the roof, walls, structural integrity of the Property, the 498 electrical, plumbing, HVAC and other mechanical systems of the Property, (2) the physical condition of the Inclusions and Leased 499 Items, (3) service to the Property (including utilities and communication services), systems and components of the Property (e.g., 500 heating and plumbing), (4) any proposed or existing transportation project, road, street or highway, or (5) any other activity, odor or 501 noise (whether on or off the Property) and its effect or expected effect on the Property or its occupants is unsatisfactory, in Buyer's 502 sole subjective discretion, Buyer may: 503 10.3.1. Inspection Termination. On or before the Inspection Termination Deadline, notify Seller in writing, 504 pursuant to § 24.1., that this Contract is terminated due to any unsatisfactory condition, provided the Buyer did not previously deliver 505 an Inspection Objection. Buyer's Right to Terminate under this provision expires upon delivery of an Inspection Objection to Seller 506 pursuant to § 10.3.2.; or 507 10.3.2. Inspection Objection. On or before the Inspection Objection Deadline, deliver to Seller a written 508 description of any unsatisfactory condition that Buyer requires Seller to correct. 509 10.3.3. Inspection Resolution. If an Inspection Objection is received by Seller, on or before Inspection Objection 510 Deadline and if Buyer and Seller have not agreed in writing to a settlement thereof on or before Inspection Resolution Deadline, 511 this Contract will terminate on Inspection Resolution Deadline unless Seller receives Buyer's written withdrawal of the Inspection 512 Objection before such termination (i.e., on or before expiration of Inspection Resolution Deadline). Nothing in this provision 513 prohibits the Buyer and the Seller from mutually terminating this Contract before the Inspection Resolution Deadline passes by 514 executing an Earnest Money Release. 515 10.4. Damage, Liens and Indemnity. Buyer, except as otherwise provided in this Contract or other written agreement 516 between the parties, is responsible for payment for all inspections, tests, surveys, engineering reports, or other reports performed at 517 Buyer's request (Work) and must pay for any damage that occurs to the Property and Inclusions as a result of such Work. Buyer 518 must not permit claims or liens of any kind against the Property for Work performed on the Property. Buyer agrees to indemnify, 519 protect and hold Seller harmless from and against any liability, damage, cost or expense incurred by Seller and caused by any such 520 Work, claim, or lien. This indemnity includes Seller's right to recover all costs and expenses incurred by Seller to defend against 521 any such liability, damage, cost or expense, or to enforce this Section, including Seller's reasonable attorney fees, legal fees and 522 expenses. The provisions of this Section survive the termination of this Contract. This § 10.4. does not apply to items performed 523 pursuant to an Inspection Resolution. 524 10.5. Insurability. Buyer has the Right to Terminate under § 24.1., on or before Property Insurance Termination 525 Deadline, based on any unsatisfactory provision of the availability, terms and conditions and premium for property insurance 526 (Property Insurance) on the Property, in Buyer's sole subjective discretion. 527 10.6. Due Diligence. 528 10.6.1. Due Diligence Documents. Seller agrees to deliver copies of the following documents and information 529 pertaining to the Property and Leased Items (Due Diligence Documents) to Buyer on or before Due Diligence Documents Delivery 530 Deadline: 531 10.6.1.1. Occupancy Agreements. All current leases, including any amendments or other occupancy 532 agreements, pertaining to the Property. Those leases or other occupancy agreements pertaining to the Property that survive Closing 533 are as follows (Leases): 534 N/A 535 536 10.6.1.2. Leased Items Documents. If any lease of personal property (§ 2.5.7., Leased Items) will be 537 transferred to Buyer at Closing, Seller agrees to deliver copies of the leases and information pertaining to the personal property to 538 Buyer on or before Due Diligence Documents Delivery Deadline. Buyer ❑ Will ❑7c Will Not assume the Seller's obligations 539 under such leases for the Leased Items (§ 2.5.7., Leased Items). 540 541 10.6.1.3. Encumbered Inclusions Documents. If any Inclusions owned by Seller are encumbered CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 11 of 21 RLE Buyer initials (4, Seller initials 542 pursuant to § 2.5.4. (Encumbered Inclusions) above, Seller agrees to deliver copies of the evidence of debt, security and any other 543 documents creating the encumbrance to Buyer on or before Due Diligence Documents Delivery Deadline. Buyer ❑ Will ❑R Will 544 Not assume the debt on the Encumbered Inclusions (§ 2.5.4., Encumbered Inclusions). 545 546 10.6.1.4. Other Documents. If the respective box is checked, Seller agrees to additionally deliver copies 547 of the following: 548 ❑ 10.6.1.4.1. All contracts relating to the operation, maintenance and management of the 549 Property; 550 ❑ 10.6.1.4.2. Property tax bills for the last N/A years; 551 ❑ 10.6.1.4.3. As -built construction plans to the Property and the tenant improvements, including 552 architectural, electrical, mechanical and structural systems; engineering reports; and permanent Certificates of Occupancy, to the 553 extent now available; 554 ❑ 10.6.1.4.4. A list of all Inclusions to be conveyed to Buyer; 555 ❑ 10.6.1.4.5. Operating statements for the past N/A years; 556 ❑ 10.6.1.4.6. A rent roll accurate and correct to the date of this Contract; 557 ❑ 10.6.1.4.7. A schedule of any tenant improvement work Seller is obligated to complete but 558 has not yet completed and capital improvement work either scheduled or in process on the date of this Contract; 559 ❑ 10.6.1.4.8. All insurance policies pertaining to the Property and copies of any claims which 560 have been made for the past N/A years; 561 ❑ 10.6.1.4.9. Soils reports, surveys and engineering reports or data pertaining to the Property (if 562 not delivered earlier under § 8.3.); 563 ❑ 10.6.1.4.10. Any and all existing documentation and reports regarding Phase I and II 564 environmental reports, letters, test results, advisories and similar documents respective to the existence or nonexistence of asbestos, 565 PCB transformers, or other toxic, hazardous or contaminated substances and/or underground storage tanks and/or radon gas. If no 566 reports are in Seller's possession or known to Seller, Seller warrants that no such reports are in Seller's possession or known to 567 Seller; 568 ❑ 10.6.1.4.11. Any Americans with Disabilities Act reports, studies or surveys concerning the 569 compliance of the Property with said Act; 570 ❑ 10.6.1.4.12. All permits, licenses and other building or use authorizations issued by any 571 governmental authority with jurisdiction over the Property and written notice of any violation of any such permits, licenses or use 572 authorizations, if any; and 573 ❑X 10.6.1.4.13. Other: 574 Any documents pertinent to the property. Seller shall only be obligated to produce documents in Seller's possession or control. 575 576 577 578 579 10.6.2. Due Diligence Documents Review and Objection. Buyer has the right to review and object based on the Due 580 Diligence Documents. If the Due Diligence Documents are not supplied to Buyer or are unsatisfactory, in Buyer's sole subjective 581 discretion, Buyer may, on or before Due Diligence Documents Objection Deadline: 582 10.6.2.1. Notice to Terminate. Notify Seller in writing, pursuant to § 24.1., that this Contract is terminated; 583 or 584 10.6.2.2. Due Diligence Documents Objection. Deliver to Seller a written description of any 585 unsatisfactory Due Diligence Documents that Buyer requires Seller to correct. 586 10.6.2.3. Due Diligence Documents Resolution. If a Due Diligence Documents Objection is received by 587 Seller, on or before Due Diligence Documents Objection Deadline and if Buyer and Seller have not agreed in writing to a settlement 588 thereof on or before Due Diligence Documents Resolution Deadline, this Contract will terminate on Due Diligence Documents 589 Resolution Deadline unless Seller receives Buyer's written withdrawal of the Due Diligence Documents Objection before such 590 termination (i.e., on or before expiration of Due Diligence Documents Resolution Deadline. 591 10.6.3. Zoning. Buyer has the Right to Terminate under § 24.1., on or before Due Diligence Documents Objection 592 Deadline, based on any unsatisfactory zoning and any use restrictions imposed by any governmental agency with jurisdiction over 593 the Property, in Buyer's sole subjective discretion. 594 10.6.4. Due Diligence — Environmental, ADA. Buyer has the right to obtain environmental inspections of the 595 Property including Phase I and Phase II Environmental Site Assessments, as applicable. ❑ Seller ❑Q Buyer will order or provide CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 12 of 21 \ RLE Buyer initials r.' Seller initials 596 ❑ Phase I Environmental Site Assessment, ❑ Phase II Environmental Site Assessment (compliant with most current version 597 of the applicable ASTM E1527 standard practices for Environmental Site Assessments) and/or Buyer, at Buyer's sole discretion and at Buyer's cost, may contract for and acquire environmental studies., 598 at the expense of ❑ Seller ❑R Buyer (Environmental Inspection). In addition, Buyer, at Buyer's expense, may also conduct an 599 evaluation whether the Property complies with the Americans with Disabilities Act (ADA Evaluation). All such inspections and 600 evaluations must be conducted at such times as are mutually agreeable to minimize the interruption of Seller's and any Seller's 601 tenants' business uses of the Property, if any. 602 If Buyer's Phase I Environmental Site Assessment recommends a Phase H Environmental Site Assessment, the Environmental 603 Inspection Termination Deadline will be extended by 30 days (Extended Environmental Inspection 604 Objection Deadline) and if such Extended Environmental Inspection Objection Deadline extends beyond the Closing Date, the 605 Closing Date will be extended a like period of time. In such event, ❑ Seller Buyer must pay the cost for such Phase II 606 Environmental Site Assessment. 607 Notwithstanding Buyer's right to obtain additional environmental inspections of the Property in this § 10.6.4., Buyer has the 608 Right to Terminate under § 24.1., on or before Environmental Inspection Termination Deadline, or if applicable, the Extended 609 Environmental Inspection Objection Deadline, based on any unsatisfactory results of Environmental Inspection, in Buyer's sole 610 subjective discretion. 611 Buyer has the Right to Terminate under § 24.1., on or before ADA Evaluation Termination Deadline, based on any 612 unsatisfactory ADA Evaluation, in Buyer's sole subjective discretion. 613 10.7. Conditional Upon Sale of Property. This Contract is conditional upon the sale and closing of that certain property 614 owned by Buyer and commonly known as N/A. Buyer has 615 the Right to Terminate under § 24.1. effective upon Seller's receipt of Buyer's Notice to Terminate on or before Conditional Sale 616 Deadline if such property is not sold and closed by such deadline. This Section is for the sole benefit of Buyer. If Seller does not 617 receive Buyer's Notice to Terminate on or before Conditional Sale Deadline, Buyer waives any Right to Terminate under this 618 provision. 619 10.8. Source of Potable Water (Residential Land and Residential Improvements Only). [Intentionally Deleted - See 620 Residential Addendum if applicable] 621 10.9. Existing Leases; Modification of Existing Leases; New Leases. Seller states that none of the Leases to be assigned 622 to the Buyer at the time of Closing contain any rent concessions, rent reductions or rent abatements except as disclosed in the Lease 623 or other writing received by Buyer. Seller will not amend, alter, modify, extend or cancel any of the Leases nor will Seller enter into 624 any new leases affecting the Property without the prior written consent of Buyer, which consent will not be unreasonably withheld 625 or delayed. 626 10.10. Lead -Based Paint. [Intentionally Deleted - See Residential Addendum if applicable] 627 10.11. Carbon Monoxide Alarms. [Intentionally Deleted - See Residential Addendum if applicable] 628 10.12. Methamphetamine Disclosure. [Intentionally Deleted - See Residential Addendum if applicable] 629 11. TENANT ESTOPPEL STATEMENTS. 630 11.1. Estoppel Statements Conditions. Buyer has the right to review and object to any Estoppel Statements. Seller must 631 request from all tenants of the Property and if received by Seller, deliver to Buyer on or before Estoppel Statements Deadline, 632 statements in a form and substance reasonably acceptable to Buyer, from each occupant or tenant at the Property (Estoppel Statement) 633 attached to a copy of the Lease stating: 634 11.1.1. The commencement date of the Lease and scheduled termination date of the Lease; 635 11.1.2. That said Lease is in full force and effect and that there have been no subsequent modifications or 636 amendments; 637 11.1.3. The amount of any advance rentals paid, rent concessions given and deposits paid to Seller; 638 11.1.4. The amount of monthly (or other applicable period) rental paid to Seller; 639 11.1.5. That there is no default under the terms of said Lease by landlord or occupant; and 640 11.1.6. That the Lease to which the Estoppel Statement is attached is a true, correct and complete copy of the Lease 641 demising the premises it describes. 642 11.2. Seller Estoppel Statement. In the event Seller does not receive from all tenants of the Property a completed signed 643 Estoppel Statement, Seller agrees to complete and execute an Estoppel Statement setting forth the information and documents 644 required in § 11.1 above and deliver the same to Buyer on or before Estoppel Statements Deadline. 645 11.3. Estoppel Statements Termination. Buyer has the Right to Terminate under § 24.1., on or before Estoppel 646 Statements Termination Deadline, based on any unsatisfactory Estoppel Statement, in Buyer's sole subjective discretion, or if 647 Seller fails to deliver the Estoppel Statements on or before Estoppel Statements Deadline. Buyer also has the unilateral right to 648 waive any unsatisfactory Estoppel Statement. CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 13 of 21 RLE Buyer initials f Seller initials 649 CLOSING PROVISIONS I 650 12. CLOSING DOCUMENTS, INSTRUCTIONS AND CLOSING. 651 12.1. Closing Documents and Closing Information. Seller and Buyer will cooperate with the Closing Company to enable 652 the Closing Company to prepare and deliver documents required for Closing to Buyer and Seller and their designees. If Buyer is 653 obtaining a loan to purchase the Property, Buyer acknowledges Buyer's lender is required to provide the Closing Company, in a 654 timely manner, all required loan documents and financial information concerning Buyer's loan. Buyer and Seller will furnish any 655 additional information and documents required by Closing Company that will be necessary to complete this transaction. Buyer and 656 Seller will sign and complete all customary or reasonably -required documents at or before Closing. 657 12.2. Closing Instructions. Colorado Real Estate Commission's Closing Instructions ❑ Are ❑% Are Not executed with 658 this Contract. 659 12.3. Closing. Delivery of deed from Seller to Buyer will he at closing (Closing). Closing will be on the date specified as 660 the Closing Date or by mutual agreement at an earlier date. At Closing, Seller agrees to deliver a set of keys for the Property to 661 Buyer. The hour and place of Closing will be as designated by Mutual agreement of Buyer, Seller, and Title Company. 662 12.4. Disclosure of Settlement Costs. Buyer and Seller acknowledge that costs, quality and extent of service vary between 663 different settlement service providers (e.g., attorneys, lenders, inspectors and title companies). 664 12.5. Assignment of Leases. Seller must assign to Buyer all Leases at Closing that will continue after Closing and Buyer 665 must assume Seller's obligations under such Leases. Further, Seller must transfer to Buyer all Leased Items and assign to Buyer such 666 leases for the Leased Items accepted by Buyer pursuant to § 2.5.7. (Leased Items). 667 668 13. TRANSFER OF TITLE. Subject to Buyer's compliance with the terms and provisions of this Contract, including the tender 669 of any payment due at Closing, Seller must execute and deliver the following good and sufficient deed to Buyer, at Closing: 670 ❑ special warranty deed ❑ general warranty deed ❑ bargain and sale deed ❑ quit claim deed ❑7C personal representative's 671 deed ❑ N/A deed. Seller, provided another deed is not selected, must execute and deliver a good 672 and sufficient special warranty deed to Buyer, at Closing. 673 Unless otherwise specified in § 29 (Additional Provisions), if title will be conveyed using a special warranty deed or a general 674 warranty deed, title will be conveyed "subject to statutory exceptions" as defined in § 38-30-113(5)(a), C.R.S. 675 14. PAYMENT OF LIENS AND ENCUMBRANCES. Unless agreed to by Buyer in writing, any amounts owed on any liens 676 or encumbrances securing a monetary sum against the Property and Inclusions, including any governmental liens for special 677 improvements installed as of the date of Buyer's signature hereon, whether assessed or not, and previous years' taxes, will be paid 678 at or before Closing by Seller from the proceeds of this transaction or from any other source. 679 15. CLOSING COSTS, FEES, ASSOCIATION STATUS LETTER AND DISBURSEMENTS, TAXES AND 680 WITHHOLDING. 681 15.1. Closing Costs. Buyer and Seller must pay, in Good Funds, their respective closing costs and all other items required 682 to be paid at Closing, except as otherwise provided herein. 683 15.2. Closing Services Fee. The fee for real estate closing services must be paid at Closing by ❑ Buyer ❑ Seller 684 ❑X One -Half by Buyer and One -Half by Seller ❑ Other N/A. 685 15.3. Association Fees and Required Disbursements. At least fourteen days prior to Closing Date, Seller agrees to 686 promptly request that the Closing Company or the Association deliver to Buyer a current Status Letter, if applicable. Any fees 687 associated with or specified in the Status Letter will be paid as follows: 688 15.3.1. Status Letter Fee. Any fee incident to the issuance of Association's Status Letter must be paid by ❑ Buyer 689 ❑ Seller ❑ One -Half by Buyer and One -Half by Seller 0 N/A. 690 153.2. Record Change Fee. Any Record Change Fee must be paid by ❑ Buyer ❑ Seller ❑ One -Half by Buyer 691 and One -Half by Seller ❑x N/A. 692 15.3.3. Assessments, Reserves or Working Capital. All assessments required to be paid in advance (other than 693 Association Assessments as defined in § 16.2. (Association Assessments), reserves or working capital due at Closing must be paid 694 by ❑ Buyer ❑ Seller ❑ One -Half by Buyer and One -Half by Seller 0 N/A. 695 15.3.4. Other Fees. Any other fee listed in the Status Letter as required to be paid at Closing will be paid by ❑ 696 Buyer ❑ Seller ❑ One -Half by Buyer and One -Half by Seller ❑X N/A. 697 15.4. Local Transfer Tax. Any Local Transfer Tax must be paid at Closing by ❑ Buyer ❑ Seller ❑ One -Half by 698 Buyer and One -Half by Seller ❑R N/A. 699 15.5. Sales and Use Tax. Any sales and use tax that may accrue because of this transaction must be paid when due by 700 ❑ Buyer ❑ Seller ❑ One -Half by Buyer and One -Half by Seller ❑x N/A. 701 15.6. Private Transfer Fee. Any private transfer fees and other fees due to a transfer of the Property, payable at Closing, CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 14 of 21 RLE Buyer initials Seller initials 702 such as community association fees, developer fees and foundation fees, must be paid at Closing by ❑ Buyer ❑ Seller 703 ❑ One -Half by Burr and One -Half by Seller ) N/A. 704 15.7. Water Transfer Fees. Water Transfer Fees can change. The fees, as of the date of this Contract, do not exceed 705 $ N/A for: 706 ❑ Water Stock/Certificates ❑ Water District 707 ❑ Augmentation Membership ❑ Small Domestic Water Company ❑ N/A 708 and must be paid at Closing by ❑X Buyer ❑ Seller ❑ One -Half by Buyer and One -Half by Seller ❑ N/A. 709 15.8. Utility Transfer Fees. Utility transfer fees can change. Any fees to transfer utilities from Seller to Buyer must be 710 paid by ❑X Buyer ❑ Seller ❑ One -Half by Buyer and One -Half by Seller ❑ N/A. 711 15.9. FIRPTA and Colorado Withholding. 712 15.9.1. FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller's proceeds be 713 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 714 the amount of the Seller's tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller ❑ IS a foreign 715 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 716 person for purposes of U.S. income taxation. Seller agrees to cooperate with Buyer and Closing Company to provide any reasonably 717 requested documents to verify Seller's foreign person status. If withholding is required, Seller authorizes Closing Company to 718 withhold such amount from Seller's proceeds. Seller should inquire with Seller's tax advisor to determine if withholding applies or 719 if an exemption exists. 720 15.9.2. Colorado Withholding. The Colorado Department of Revenue may require a portion of the Seller's proceeds 721 be withheld after Closing when Seller will not be a Colorado resident after Closing, if not otherwise exempt. Seller agrees to 722 cooperate with Buyer and Closing Company to provide any reasonably requested documents to verify Seller's status. If withholding 723 is required, Seller authorizes Closing Company to withhold such amount from Seller's proceeds. Seller should inquire with Seller's 724 tax advisor to determine if withholding applies or if an exemption exists. 725 16. PRORATIONS AND ASSOCIATION ASSESSMENTS. 726 16.1. Prorations. The following will be prorated to the Closing Date, except as otherwise provided: 727 16.1.1. Taxes. Personal property taxes, if any, special taxing district assessments, if any, and general real estate taxes 728 for the year of Closing, based on ❑ Taxes for the Calendar Year Immediately Preceding Closing ❑X Most Recent Mill Levy 729 and Most Recent Assessed Valuation, adjusted by any applicable qualifying seniors property tax exemption, qualifying disabled 730 veteran exemption or Other N/A. 731 16.1.2. Rents. Rents based on ❑ Rents Actually Received ❑ Accrued. At Closing, Seller will transfer or credit 732 to Buyer the security deposits for all Leases assigned to Buyer, or any remainder after lawful deductions, and notify all tenants in 733 writing of such transfer and of the transferee's name and address. 734 16.1.3. Other Prorations. Water and sewer charges, propane, interest on continuing loan, and N/A. 735 16.1.4. Final Settlement. Unless otherwise specified in Additional Provisions, these prorations are final. 736 16.2. Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 737 advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance 738 by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. Buyer 739 acknowledges that Buyer maybe obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 740 assessment assessed prior to Closing Date by the Association will be the obligation of ❑ Buyer ❑ Seller. Except however, any 741 special assessment by the Association for improvements that have been installed as of the date of Buyer's signature hereon, whether 742 assessed prior to or afEr Closing, will be the obligation of Seller unless otherwise specified in Additional Provisions. Seller represents 743 there are no unpaid regular or special assessments against the Property except the current regular assessments and 744 N/A. Association Assessments are subject to change as provided in the Governing Documents. 745 17. POSSESSION_ Possession of the Property and Inclusions will be delivered to Buyer on Possession Date at Possession Time, 746 subject to the Leases as set forth in § 10.6.1.1. 747 If Seller, after Cl®sing occurs, fails to deliver possession as specified, Seller will be subject to eviction and will be additionally 748 liable to Buyer, notwithstanding § 20.2. (If Seller is in Default), for payment of $ 225.00 per day (or any part of a day 749 notwithstanding § 3.3. Day) from Possession Date and Possession Time until possession is delivered. 750 GENERAL PROVISIONS I 751 18. CAUSES OF LOSS, INSURANCE; DAMAGE TO INCLUSIONS AND SERVICES; CONDEMNATION; AND 752 WALK-THROUGH_Except as otherwise provided in this Contract, the Property, Inclusions or both will be delivered in the 753 condition existing as of the date of this Contract, ordinary wear and tear excepted. 754 18.1. Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of loss 755 prior to Closing (Property Damage) in an amount of not more than ten percent of the total Purchase Price and if the repair of the CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 15 of 21 RLE Buyer initials Seller initials 756 damage will be paid by insurance (other than the deductible to be paid by Seller), then Seller, upon receipt of the insurance proceeds, 757 will use Seller's reasonable efforts to repair the Property before Closing Date. Buyer has the Right to Terminate under § 24.1., on 758 or before Closing Date, if the Property is not repaired before Closing Date, or if the damage exceeds such sum. Should Buyer elect 759 to carry out this Contract despite such Property Damage, Buyer is entitled to a credit at Closing for all insurance proceeds that were 760 received by Seller (but not the Association, if any) resulting from damage to the Property and Inclusions, plus the amount of any 761 deductible provided for in the insurance policy. This credit may not exceed the Purchase Price. In the event Seller has not received 762 the insurance proceeds prior to Closing, the parties may agree to extend the Closing Date to have the Property repaired prior to 763 Closing or, at the option of Buyer, (1) Seller must assign to Buyer the right to the proceeds at Closing, if acceptable to Seller's 764 insurance company and Buyer's lender; or (2) the parties may enter into a written agreement prepared by the parties or their attorney 765 requiring the Seller to escrow at Closing from Seller's sale proceeds the amount Seller has received and will receive due to such 766 damage, not exceeding the total Purchase Price, plus the amount of any deductible that applies to the insurance claim. 767 18.2. Damage, Inclusions and Services. Should any Inclusion or service (including utilities and communication services), 768 system, component or fixture of the Property (collectively Service) (e.g., heating or plumbing), fail or be damaged between the date 769 of this Contract and Closing or possession, whichever is earlier, then Seller is liable for the repair or replacement of such Inclusion 770 or Service with a unit of similar size, age and quality, or an equivalent credit, but only to the extent that the maintenance or 771 replacement of such Inclusion or Service is not the responsibility of the Association, if any, less any insurance proceeds received by 772 Buyer covering such repair or replacement. If the failed or damaged Inclusion or Service is not repaired or replaced on or before 773 Closing or possession, whichever is earlier, Buyer has the Right to Terminate under § 24.1., on or before Closing Date, or, at the 774 option of Buyer, Buyer is entitled to a credit at Closing for the repair or replacement of such Inclusion or Service. Such credit must 775 not exceed the Purchase Price. If Buyer receives such a credit, Seller's right for any claim against the Association, if any, will survive 776 Closing. 777 18.3. Condemnation. In the event Seller receives actual notice prior to Closing that a pending condemnation action may 778 result in a taking of all or part of the Property or Inclusions, Seller must promptly notify Buyer, in writing, of such condemnation 779 action. Buyer has the Right to Terminate under § 24.1., on or before Closing Date, based on such condemnation action, in Buyer's 780 sole subjective discretion. Should Buyer elect to consummate this Contract despite such diminution of value to the Property and 781 Inclusions, Buyer is entitled to a credit at Closing for all condemnation proceeds awarded to Seller for the diminution in the value 782 of the Property or Inclusions but such credit will not include relocation benefits or expenses or exceed the Purchase Price. 783 18.4. Walk -Through and Verification of Condition. Buyer, upon reasonable notice, has the right to walk through the 784 Property prior to Closing to verify that the physical condition of the Property and Inclusions complies with this Contract. 785 19. RECOMMENDATION OF LEGAL AND TAX COUNSEL. By signing this Contract, Buyer and Seller acknowledge that 786 their respective broker has advised that this Contract has important legal consequences and has recommended: (1) legal examination 787 of title; (2) consultation with legal and tax or other counsel before signing this Contract as this Contract may have important legal 788 and tax implications; (3) to consult with their own attorney if Water Rights, Mineral Rights or Leased Items are included or excluded 789 in the sale; and (4) to consult with legal counsel if there are other matters in this transaction for which legal counsel should be 790 engaged and consulted. Such consultations must be done timely as this Contract has strict time limits, including deadlines, that must 791 be complied with. 792 793 20. TIME OF ESSENCE, DEFAULT AND REMEDIES. Time is of the essence for all dates and deadlines in this Contract. 794 This means that all dates and deadlines are strict and absolute. If any payment due, including Earnest Money, is not paid, honored 795 or tendered when due, or if any obligation is not performed timely as provided in this Contract or waived, the non -defaulting party 796 has the following remedies: 797 20.1. If Buyer is in Default: 798 ❑ 20.1.1. Specific Performance. Seller may elect to cancel this Contract and all Earnest Money (whether or not paid 799 by Buyer) will be paid to Seller and retained by Seller. It is agreed that the Earnest Money is not a penalty, and the parties agree the 800 amount is fair and reasonable. Seller may recover such additional damages as may be proper. Alternatively, Seller may elect to treat 801 this Contract as being in full force and effect and Seller has the right to specific performance or damages, or both. 802 20.1.2. Liquidated Damages, Applicable. This § 20.1.2. applies unless the box in § 20.1.1. is checked. Seller may 803 cancel this Contract. All Earnest Money (whether or not paid by Buyer) will be paid to Seller and retained by Seller. It is agreed that 804 the Earnest Money specified in § 4.1. is LIQUIDATED DAMAGES and not a penalty, which amount the parties agree is 805 fair and reasonable and (except as provided in §§ 10.4. and 21), such amount is SELLER'S ONLY REMEDY for Buyer's failure to 806 perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages. 807 20.2. If Seller is in Default: 808 20.2.1. Specific Performance, Damages or Both. Buyer may elect to treat this Contract as canceled, in which case 809 all Earnest Money received hereunder will be returned to Buyer and Buyer may recover such damages as may be proper. 810 Alternatively, in addition to the per diem in § 17 (Possession) for failure of Seller to timely deliver possession of the Property after CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 16 of 21 RLE Buyer initials ` Seller initials 811 Closing occurs, Buyer may elect to treat this Contract as being in full force and effect and Buyer has the right to specific performance 812 or damages, or both. 813 20.2.2. Seller's Failure to Perform. In the event Seller fails to perform Seller's obligations under this Contract, to 814 include, but not limited to, failure to timely disclose Association violations known by Seller, failure to perform any replacements or 815 repairs required under this Contractor failure to timely disclose any known adverse material facts, Seller remains liable for any such 816 failures to perform under this Contract after Closing. Buyer's rights to pursue the Seller for Seller's failure to perform under this 817 Contract are reserved and survive Closing. 818 21. LEGAL FEES, COST AND EXPENSES. Anything to the contrary herein notwithstanding, in the event of any arbitration 819 or litigation relating to this Contract, prior to or after Closing Date, the arbitrator or court must award to the prevailing party all 820 reasonable costs and expenses, including attorney fees, legal fees and expenses. 821 22. MEDIATION. If a dispute arises relating to this Contract (whether prior to or after Closing) and is not resolved, the parties 822 must first proceed, in good faith, to mediation. Mediation is a process in which the parties meet with an impartial person who helps 823 to resolve the dispute informally and confidentially. Mediators cannot impose binding decisions. Before any mediated settlement is 824 binding, the parties to the dispute must agree to the settlement, in writing. The parties will jointly appoint an acceptable mediator 825 and will share equally in the cost of such mediation. The obligation to mediate, unless otherwise agreed, will terminate if the entire 826 dispute is not resolved within thirty days of the date written notice requesting mediation is delivered by one party to the other at that 827 party's last known address (physical or electronic as provided in § 26). Nothing in this Section prohibits either party from filing a 828 lawsuit and recording a lis pendens affecting the Property, before or after the date of written notice requesting mediation. This 829 Section will not alter any date in this Contract, unless otherwise agreed. 830 23. EARNEST MONEY DISPUTE. Except as otherwise provided herein, Earnest Money Holder must release the Earnest 831 Money following receipt of written mutual instructions, signed by both Buyer and Seller. In the event of any controversy regarding 832 the Earnest Money, Earnest Money Holder is not required to release the Earnest Money. Earnest Money Holder, in its sole subjective 833 discretion, has several options: (1) wait for any proceeding between Buyer and Seller; (2) interplead all parties and deposit Earnest 834 Money into a court of competent jurisdiction (Earnest Money Holder is entitled to recover court costs and reasonable attorney and 835 legal fees incurred with such action); or (3) provide notice to Buyer and Seller that unless Earnest Money Holder receives a copy of 836 the Summons and Complaint or Claim (between Buyer and Seller) containing the case number of the lawsuit (Lawsuit) within one 837 hundred twenty days of Earnest Money Holder's notice to the parties, Earnest Money Holder is authorized to return the Earnest 838 Money to Buyer. In the event Earnest Money Holder does receive a copy of the Lawsuit and has not interpled the monies at the time 839 of any Order, Earnest Money Holder must disburse the Earnest Money pursuant to the Order of the Court. The parties reaffirm the 840 obligation of § 22 (Mediation). This Section will survive cancellation or termination of this Contract. 841 24. TERMINATION. 842 24.1. Right to Terminate. If a party has a right to terminate, as provided in this Contract (Right to Terminate), the 843 termination is effective upon the other party's receipt of a written notice to terminate (Notice to Terminate), provided such written 844 notice was received on or before the applicable deadline specified in this Contract. If the Notice to Terminate is not received on or 845 before the specified deadline, the party with the Right to Terminate accepts the specified matter, document or condition as satisfactory 846 and waives the Right to Terminate under such provision. 847 24.2. Effect of Termination. In the event this Contract is terminated, and all Earnest Money received hereunder is timely 848 returned to Buyer, the parties are relieved of all obligations hereunder, subject to §§ 10.4. and 21. 849 25. ENTIRE AGREEMENT, MODIFICATION, SURVIVAL; SUCCESSORS. This Contract, its exhibits and specified 850 addenda, constitute the entire agreement between the parties relating to the subject hereof and any prior agreements pertaining 851 thereto, whether oral or written, have been merged and integrated into this Contract. No subsequent modification of any of the terms 852 of this Contract is valid, binding upon the parties, or enforceable unless made in writing and signed by the parties. Any right or 853 obligation in this Contract that, by its terms, exists or is intended to be performed after termination or Closing survives the same. 854 Any successor to a party receives the predecessor's benefits and obligations of this Contract. 855 26. NOTICE, DELIVERY AND CHOICE OF LAW. 856 26.1. Physical Delivery and Notice. Any document or notice to Buyer or Seller must be in writing, except as provided in 857 § 26.2. and is effective when physically received by such party, any individual named in this Contract to receive documents or 858 notices for such party, Broker, or Brokerage Firm of Broker working with such party (except any notice or delivery after Closing 859 must be received by the party, not Broker or Brokerage Firm). 860 26.2. Electronic Notice. As an alternative to physical delivery, any notice may be delivered in electronic form to Buyer or 861 Seller, any individual named in this Contract to receive documents or notices for such party, Broker or Brokerage Firm of Broker CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 17 of 21 +ten- RLE Buyer initials Seller initials 862 working with such party (except any notice or delivery after Closing, cancellation or Termination must be received by the party, not 863 Broker or Brokerage Firm) at the electronic address of the recipient by facsimile, email or N/A. 864 26.3. Electronic Delivery. Electronic Delivery of documents and notice may be delivered by: (1) email at the email address 865 of the recipient, (2) a link or access to a website or server provided the recipient receives the information necessary to access the 866 documents, or (3) facsimile at the facsimile number (Fax No.) of the recipient. 867 26.4. Choice of Law. This Contract and all disputes arising hereunder are governed by and construed in accordance with 868 the laws of the State of Colorado that would be applicable to Colorado residents who sign a contract in Colorado for real property 869 located in Colorado. 870 27. NOTICE OF ACCEPTANCE, COUNTERPARTS. This proposal will expire unless accepted in writing, by Buyer and 871 Seller, as evidenced by their signatures below and the offering party receives notice of such acceptance pursuant to § 26 on or before 872 Acceptance Deadline Date and Acceptance Deadline Time. If accepted, this document will become a contract between Seller and 873 Buyer. A copy of this Contract may be executed by each party, separately and when each party has executed a copy thereof, such 874 copies taken together are deemed to be a full and complete contract between the parties. 875 28. GOOD FAITH. Buyer and Seller acknowledge that each party has an obligation to actin good faith including, but not limited 876 to, exercising the rights and obligations set forth in the provisions of Financing Conditions and Obligations; Title Insurance, 877 Record Title and Off -Record Title; New ILC, New Survey; and Property Disclosure, Inspection, Indemnity, Insurability and 878 Due Diligence. 879 I ADDITIONAL PROVISIONS AND ATTACHMENTS I 880 29. ADDITIONAL PROVISIONS. (The following additional provisions have not been approved by the Colorado Real Estate 881 Commission.) 882 29.1) DUE DILIGENCE PERIOD: Buyer has 165 days from Mutual Execution of Contract (MEC) to fully inspect the property, title, unrecorded property facts, easements, egress/ingress, environmental, zoning for intended use, existing survey/plats, adequate off -site drainage/detention to accommodate Buyer's intended use, HVAC, utilities/wells/sump pumps/septic tanks, financial feasibility and any other item Buyer deems necessary, in Buyer's sole opinion, to accept property "as -is, where -is". Should Buyer, in Buyer's sole opinion, determine any finding unsatisfactory, Buyer may rescind the purchase agreement and immediately have the Earnest Money refunded. 29.2) Buyer agrees that if Buyer terminates the Contract, that Buyer shall deliver to Seller upon this Contract being terminated, any due diligence documents, survey's, reports, environmental studies, design documents, site plans, architectural documents, and any other documents that Buyer has received or contracted for in relation to the Property. 29.3) Buyer, at Buyer's expense, shall obtain a demolition permit for the Property from the City of Greeley prior to closing. If the Buyer is unable to acquire the demolition permit, in Buyer's sole opinion, then the Buyer may rescind the purchase agreement and immediately have the Earnest Money refunded. Receipt of a demolition permit from the City of Greeley is a contingency of Closing. 29.4) Seller herby retains all mineral rights & mineral rights are not conveyed with sale of property. 29.5) Seller hereby discloses property is in the Greeley Historic Preservation District. 29.6) Buyer understands and acknowledges that Seller has no actual knowledge of the condition of the Property and is unable to reasonably complete a Seller's Property Disclosure. As such, Buyer expressly waives any obligation of Seller to prepare and provide such disclosure. Buyer expressly acknowledges that Buyer is purchasing the Property "AS IS" and "WITH ALL FAULTS", without any CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 18 of 21 fig,Buyer initials y'v Seller initials representations or warranties by Seller, except as expressly set forth herein. Buyer has carefully and thoroughly made, or prior to closing will have carefully and thoroughly made, every investigation and inquiry Buyer deems necessary concerning all aspects of the Property which are or may be of concern to Buyer, including, but not limited to, the purchase price of the Property and the terms of payment; the physical condition of the Property and improvements thereon; the environmental condition of the Property; the location of the boundaries; the nature of the soil thereof; utility extension and services; the easements, rights -of -way, and encroachments, if any; the zoning classification and building code requirements thereof; the status of the water rights, if any; the status of the mineral rights as reserved by Seller; the suitability of the Property for Buyer's intended use; compliance or noncompliance with governmental rules and regulations, including, but not limited to, laws relating to land use, environmental conditions, or health or safety; and all other matters or things relating to the Property which are of concern to Buyer. Seller shall have no obligation to conduct any environmental studies or investigations with respect to the Property; nor shall Seller have any obligation to furnish to Buyer a survey or appraisal of the Property. Buyer acknowledges that neither Seller nor its agents or attorneys have made any representations or warranties regarding the Property, except as expressly set forth herein. 29.7) Lead based paint addendum to be provide to Purchaser from the Seller within 15 days of MEC. 29.8) Seller shall remove the ceiling tile, equipment, and Seller Personal Property prior to the Closing date. 883 884 885 886 887 888 889 890 891 892 30. OTHER DOCUMENTS. 893 30.1. Documents Part of Contract. The following documents are a part of this Contract: 894 N/A 895 896 897 30.2. Documents Not Part of Contract. The following documents have been provided but are not a part of this Contract: 898 N/A 899 900 901 902 SIGNATURES Buyer's Name: Weld County, Colorado, A Body Corporate and Politic Buyer's Signature Kevin Ross, Chair Board of County Commissioners, Weld County, Colorado Date CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 RLE Buyer initials VC Seller initials Page 19 of 21 Address: 1105 H Street, P.O. Box 758 Greeley, CO 80632 Phone No.: N/A Fax No.: N/A Email Address: N/A 903 [NOTE: If this offer is being countered or rejected, do not sign this document.] Seller's ame: The Estate of Dorothy Eckhardt 07/10/2024 904 905 Seller's Signature Address: Phone No.: Fax No.: Email Address: Date 1372 Rawhide Cir. Elizabeth Co 80107 303-915-2511 rleckhardtl3@gmail.com I END OF CONTRACT TO BUY AND SELL REAL ESTATE I BROKER'S ACKNOWLEDGMENTS AND COMPENSATION DISCLOSURE. A. Broker Working with Buyer Broker ❑ Does ❑X Does Not acknowledge receipt of Earnest Money deposit. Broker agrees that if Brokerage Finn is the Earnest Money Holder and, except as provided in § 23, if the Earnest Money has not already been returned following receipt of a Notice to Terminate or other written notice of termination, Earnest Money Holder will release the Earnest Money as directed by the written mutual instructions. Such release of Earnest Money will be made within five days of Earnest Money Holder's receipt of the executed written mutual instructions, provided the Earnest Money check has cleared. Broker is working with Buyer as a BE Buyer's Agent ❑ Transaction -Broker in this transaction. ❑ Customer. Broker has no brokerage relationship with Buyer. See § B for Broker's brokerage relationship with Seller. Brokerage Firm's compensation or commission is to be paid by ❑X Listing Brokerage Firm ❑ Buyer ❑ Other N/A . This Broker's Acknowledgements and Compensation Disclosure is for disclosure purposes only and does NOT create any claim for compensation. Any compensation agreement between the brokerage firms must be entered into separately and apart from this provision. Brokerage Firm's Name: Waypoint Real Estate, LW and Wheeler Properties, Inc. Brokerage Firm's License #: N/A Broker's Name: Brian Smerud and Ron Randel Broker's License #: N/A CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 20 of 21 RLE Buyer initials yi9 . Seller initials Address: Phone No.: Fax No.: Email Address: Broker's Signature: Date N/A N/A (970) 415-0538 ; (970) 590-6222 N/A bsmerud@waypointre.com ; Ron@wheelerpropertiesinc.com B. Broker Working with Seller Broker ❑ Does 0 Does Not acknowledge receipt of Earnest Money deposit. Broker agrees that if Brokerage Firm is the Earnest Money Holder and, except as provided in § 23, if the Earnest Money has not already been returned following receipt of a Notice to Terminate or other written notice of termination, Earnest Money Holder will release the Earnest Money as directed by the written mutual instructions. Such release of Earnest Money will be made within five days of Earnest Money Holder's receipt of the executed written mutual instructions, provided the Earnest Money check has cleared. Broker is working with Seller as a ❑% Seller's Agent ❑ Transaction -Broker in this transaction. ❑ Customer. Broker has no brokerage relationship with Seller. See § A for Broker's brokerage relationship with Buyer. Brokerage Firm's compensation or commission is to be paid by ❑R Seller ❑ Buyer ❑ Other N/A. This Broker's Acknowledgements and Compensation Disclosure is for disclosure purposes only and does NOT create any claim for compensation. Any compensation agreement between the brokerage firms must be entered into separately and apart from this provision. Brokerage Firm's Name: Wheeler Management Group and Pro Realty Old Town Brokerage Firm's License #: N/A Broker's Name: Dan Wheeler and Matt Revitte Broker's License #: N/A Address: Phone No.: Fax No.: Email Address: 906 Broker's Signature: Date N/A N/A (970) 396-0261 N/A dwheel@wheelermgt.com CBS3-6-23. CONTRACT TO BUY AND SELL REAL ESTATE (COMMERCIAL) 7/5/2024 9:48 Page 21 of 21 RLE Buyer initials \t "O` ./ Seller initials cirrix I RightSignature SIGNATURE CERTIFICATE TRANSACTION DETAILS Reference Number 23FOAD59-DCA9-4718-93A1-81456AED4E7D Transaction Type Signature Request Sent At 07/10/2024 15:04 EDT Executed At 07/10/2024 15:45 EDT Identity Method email Distribution Method email Signed Checksum 3607322ddc83ebacbd4848eb75143f84bea0174012fa98aaebe4257754f668c3 Signer Sequencing Disabled Document Passcode Disabled SIGNERS SIGNER Name Randy Eckhardt Email rleckhardt13@gmail.com Components 27 AUDITS TIMESTAMP 07/10/2024 15:04 EDT 07/10/2024 15:04 EDT 07/10/2024 15:34 EDT 07/10/2024 15:45 EDT 07/10/2024 15:45 EDT DOCUMENT DETAILS Document Name 2024 07 08 Contract to Buy and Sell Real Estate 825 and 827 7th St Greeley CO - Draft Rev4 0 Filename 2024 07 08 Contract to Buy and Sell Real Estate 825 and 827 7th StGreeley_CO_- _Draft_Rev4_0.pdf Pages 21 pages Content Type application/pdf File Size 274 KB Original Checksum 9381d15d42e9837dce0c577204c8e4231a293d252102ced045eb25f851a88f72 E -SIGNATURE EVENTS Status Viewed At signed 07/10/2024 15:34 EDT Multi -factor Digital Fingerprint Checksum Identity Authenticated At 199311ed026781661c6b22260a383a1e1773ef3f2a16a0b59d4557cO2b78687c 07/10/2024 15:45 EDT IP Address Signed At 38.143.240.27 07/10/2024 15:45 EDT Device Chrome via Windows Typed Signature E or fir. 4/n s( PE Signature Reference ID DAF25AD2 AUDIT Stacey Shea (sshea@nocoattorneys.com) created document '2024_07 08 Cdnolact_to Buy and Sell_Real_Estate 825 and 827 7th St_Greeley_CO_-_Draft_Rev4_0.pdf on Chrome v'ia Windows from 52.45.547. Randy Eckhardt (rleckhardt13@gmaiLcom) was emailed a link to sign. Randy Eckhardt (rleckhardt13@gmailcom) viewed the document on Chrome via Windows from 38.143.240.27. Randy Eckhardt (rleckhardt13@gmail.com) authenticated via email on Chrome via Windows from 38.143.240.27. Randy Eckhardt (rleckhardt13@gmaiLcom) signed the document on Chrome via Windows from 38.143.240.27. 5/14/24, 4:17 PM Property Report Weld County Property Information (970) 400-3650 PROPERTY PORTAL Technical Support (970) 400-4357 Account: R2808486 May 14, 2024 Account Information Account Parcel Space Account Type Tax Year Buildings Actual Value Assessed Value R2808486 096105310030 Commercial 2024 1 198,900 55,500 Legal GR 4795 S2 L12 & W8.65' OF S2 L13 BLK37 Subdivision GREELEY CITY Owner(s) Block Lot Land Economic Area 37 12 COMM N 11 ST E 11 AV jAddress ECKHARDT DOROTHY L I 2527 12TH AVENUE CT (HEIRS OF) I GREELEY, CO 806318307 Photo https://propertvreport.weld.nov/?account=R2808486 1/4 httos://oropertvreport.weid.Qov/?accoL nt=R2808486 5/14/24, 4:17 PM Property Report 25.0' 95.0' Sketch by Apex Iv^" 20.0 Building 1 Page 1 35.0' 5.0 60.0' Retail Bit 1889 Class C Forced Air 12' wh 2075.0 sq. It. Map https://propertvreport.weld.gov/?account=R2808486 3/4 5/14/24, 4:17 PM Property Report Powered by Esri Maxar, Microsoft I Weld County Government Get additional detail with the Map Search. Copyright © 2024 Weld County, Colorado. All rights reserved. Privacy Statement & Disclaimer I Accessibility Information https://propertvreport.weld.aov/?account=R2808486 4/4 5/14/24, 4:17 PM Property Report Weld County PROPERTY PORTAL Property Information (970) 400-3650 Technical Support (970) 400-4357 Account: R2808086 May 14, 2024 Account Information Account I Parcel Space Account Type Tax Year ? ' Buildings Actual Value 1 I Assessed I Value R2808086 096105310005 Commercial 2024 1 393,750 109,860 Legal GR 4793 S2 L11 BLK37 Subdivision Block Lot Land Economic Area GREELEY CITY Property Address L827 7TH ST 37 11 COMM N 11 ST E 11 AV GREELEY Zip Section 05 Owner(s) Account ! Owner Name ECKHARDT DOROTHY L I R2808086 (HEIRS OF) Address 2527 12TH AVENUE CT GREELEY, CO 806318307 Photo httos://oropertvre oort.weld.00v/?account=R2808086 1/4 5/14/24, 4:17 PM Property Report Sketch https://propertvreport.weld.aov/?account=R2808086 2/4 5/14/24, 4:17 PM Property Report Retail Blt 1989 Glass G Forced Air 12' wh first floor 10'wh second floor Sketch by Apex IV"" 8 25.0' Building 1 Page 1 I First Floor 2375.0 sq. ft. Second Floor 2000.0 sq. ft. Total Area 4375.0 sq ft Storage Bsmt 2375.0 scl ft. 95.0' Map https://propertvreport.weld. eov/?account=R2808086 3/4 5/14/24, 4:17 PM Property Report Powered by Esri Maxar, Microsoft I Weld County Government Get additional detail with the Map Search. Copyright © 2024 Weld County, Colorado. All rights reserved. Privacy Statement & Disclaimer Accessibility Information https://Dropertvreport.weld.aov/?accoL nt=R2808086 4/4 Hello