HomeMy WebLinkAbout19-20 REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN
JULY 17, 2019 19-20 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN }
PURPOSE: APPROVE OFFER TO PURCHASE VACANT PROPERTY ON SOUTH
MAIN STREET BETWEEN 7TH AVENUE AND 8TH AVENUE;
BRIDGEVIEW HOLDINGS, LLC
BE IT RESOLVED by the Redevelopment Authority of the City of Oshkosh that
the offer to purchase in the amount of $55,802 submitted by Bridgeview Holdings, LLC
or its Assigns, for the vacant property on the west side of South Main Street between 71h
Avenue and 8th Avenue is hereby accepted and the proper officials are hereby authorized
and directed to execute any and all documents necessary for purposes of same.
Approved by the Wisconsin Real Estate Examining Board Page 1 of 10.WB-13
03-1-11(Optional Use Date) 07-1-11(Mandatory Use Date)
WB-13 VACANT LAND OFFER TOP
1 LICENSEE DRAFTING THIS OFFER ON July 10, 2019 [DATE] IS (AGENT OF BUYER)
2 J STRIKE THOSE NOT APPLICABLE
3 16ENERAL PROVI—S-10–NM The Buyer, Bridgeview Holdings LLC
offers to purchase....
4 chase the Property
5 known as [Street Address] Vacant parcels 030078,030079,030081,030093,030085,and 030095,as outlined on the attachment
6 in the City of Oshkosh , County of. Winnebago , Wisconsin (Insert
7 additional description, if any, at lines 458-464 or 526-534 or attach as an addendum per line 525), on the following terms:
s ■ PURCHASE PRICE: Fifty five thousand eight hundred two
9 Dollars ($ 55,802.00 ),
10 ■ EARNEST MONEY of$ accompanies this Offer and earnest money of$
11 will be mailed, or commercially or personally delivered within days of acceptance to listing broker or
12
13 ■THE BALANCE OF PURCHASE PRICE will be paid in cash or equivalent at closing unless otherwise provided below.
14 ■ INCLUDED IN PURCHASE PRICE: Seller is including in the purchase price the Property, all Fixtures on the Property on the
15 date of this Offer not excluded at lines 18-19, and the following additional items:
16
17
18 rr NOT INCLUDED IN PURCHASE PRICE:
19
20 CAUTION: Identify Fixtures that are on the Property (see lines 290.294) to be excluded by Seller or which are rented
21 and will continue to be owned by the lessor.
22 NOTE: The terms of this Offer, not the listing contract or marketing materials, determine what items are
23 included/excluded. Annual crops are not part of the purchase price unless otherwise agreed.
24 ■ZONING: Seller represents that the Property is zoned:
25 JACCEPTANCEII Acceptance occurs when all Buyers and Sellers have signed one copy of the Offer, or separate but identical
26 copies of the Offer.
27 CAUTION: Deadlines in the Offer are commonly calculated from acceptance. Consider whether short term deadlines
28 running from acceptance provide adequate time for both binding acceptance and performance.
29 IF31NDING AC This Offer is binding upon both Parties only if a copy of the accepted Offer is delivered to Buyer on
3o or before . Seller may keep the Property on the
31 market and accept secondary offers after binding acceptance of this Offer.
32 CAUTION: This Offer may be withdrawn prior to delivery of the accepted Offer.
33 IOPTIONAL PROVISIONS TERMS OF THIS OFFER THAT ARE PRECEDED BY AN OPEN BOX([:])ARE PART OF THIS
34 OFFER ONLY IF THE. BOX IS MARKED SUCH AS WITH AN "X."THEY ARE NOT PART OF THIS OFFER IF MARKED "NIA"
35 OR ARE LEFT BLANK,
36 DELIVERY OF DOCUIVIENT§ A D WRITTEN NOTICES Unless otherwise stated in this Offer, delivery of documents and
37 written notices to a Party shall be effective only when accomplished by one of the methods specified at lines 38-56.
38 (1) Personal Delivery: giving the document or written notice personally to the Party, or the Party's recipient for delivery if
39 named at line 40 or 41.
40 Seller's recipient for delivery(optional):
41 Buyer's recipient for delivery(optional): William Steiner
42 =(2)Fax:fax transmission of the document or written notice to the following telephone number:
43 Seller: ( ) Buyer: ( )
44 0(3) Commercial Delivery: depositing the document or written notice fees prepaid or charged to an account with a
45 commercial delivery service, addressed either to the Party, or to the Party's recipient for delivery if named at line 40 or 41, for
46 delivery to the Party's delivery address at line 49 or 50.
47 =(4) U.S. Mail: depositing the document or written notice postage prepaid in the U.S. Mail, addressed either to the Party,
48 or to the Party's recipient for delivery if named at line 40 or 41, for delivery to the Party's delivery address at line 49 or 50.
49 Delivery address for Seller:
5o Delivery address for Buyer:
51 ®(5) E-Mail: electronically transmitting the document or written notice to the Party's e-mail address, if given below at line
52 55 or 56. If this is a consumer transaction where the property being purchased or the sale proceeds are used primarily for
s3 personal, family or household purposes, each consumer providing an e-mail address below has first consented electronically
54 to the use of electronic documents, e-mail delivery and electronic signatures in the transaction, as required by federal law.
s5 E-Mail address for Seller(optional):
56 E-Mail address for Buyer(optional): will@wsteiner.com
57 IPERSONAL DELIVERY ACTUAL RECEIPTI Personal delivery to, or Actual Receipt by, any named Buyer or Seller
58 constitutes personal delivery to, or Actual Receipt by, all Buyers or Sellers.
Property Address: Vacant parcels 030078,030079,030081,030093,030085, and 030095 Page 2 or 10,WB-13
59 IOCCUPANC Occupancy of the entire Property shall be given to Buyer at time of closing unless otherwise provided in this
60 Offer at lines 458-464 or 526-534 or in an addendum attached per line 525. At time of Buyer's occupancy, Property shall be
61 free of all debris and personal property except for personal property belonging to current tenants, or that sold to Buyer or left
62 with Buyer's consent. Occupancy shall be given subject to tenant's rights, if any.
63 PROPERTY CONDITION REPRESENTATIONS1 o„IIeF . ents to ❑. yeF that as of the date of ,,ptanee SelleF h;; ne
-
64
66 COMPLETE DATE OR STRIKE AS APPLICABLE
67 and Buyer accepts the property in as-is condition with no obligation from Seller to perforin any work whatsoever.
68
69 JINSERT CONDITIONS NOT ALREADY INCLUDED IN THE DISCLOSURE REPOR
70 CLOS NG This transaction is to be closed no later than 14 days following agreement on land use and site plan(line 527,)
71 at the place selected by Seller, unless otherwise agreed by the Parties in writing.
72 The following items, if applicable, shall be prorated at closing, based upon date of closing values:
73 real estate taxes, rents, prepaid insurance (if assumed), private and municipal charges, property owners association
74 assessments, fuel and
75 CAUTION: Provide basis for utility charges,fuel or other prorations if date of closing value will not be used.
76 Any income, taxes or expenses shall accrue to Seller, and be prorated at closing, through the day prior to closing.
77 Real estate taxes shall be prorated at closing based on [CHECK BOX FOR APPLICABLE PRORATION FORMULA]:
73 =The net general real estate taxes for the preceding year, or the current year if available (Net general real estate
79 taxes are defined as general property taxes after state tax credits and lottery credits are deducted) (NOTE: THIS CHOICE
80 APPLIES IF NO BOX IS CHECKED)
81 0 Current assessment times current mill rate(current means as of the date of closing)
82 0 Sale price, multiplied by the municipality area-wide percent of fair market value used by the assessor in the prior
as year, or current year if known, multiplied by current mill rate(current means as of the date of closing)
84
85 CAUTION: Buyer is informed that the actual real estate taxes for the year of closing and subsequent years may be
86 substantially different than the amount used for proration especially in transactions involving new construction,
87 extensive rehabilitation, remodeling or area-wide re-assessment. Buyer is encouraged to contact: the local assessor
83 regarding possible tax changes.
89 =Buyer and Seller agree to re-prorate the real estate taxes, through the day prior to closing based upon the taxes on
90 the actual tax bill for the year of closing, with Buyer and Seller each owing his or her pro-rata share. Buyer shall, within 5
91 days of receipt, forward a copy of the bill to the forwarding address Seller agrees to provide at closing. The Parties shall
92 re-prorate within 30 days of Buyer's receipt of the actual tax bill. Buyer and Seller agree this is a post-closing obligation
93 and is the responsibility of the Parties to complete, not the responsibility of the real estate brokers in this transaction.
94 LEASED PROPERT If Property is currently leased and lease(s) extend beyond closing, Seller shall assign Seller's rights
95 under said lease(s) and transfer all security deposits and prepaid rents thereunder to Buyer at closing. The terms of the
96 (written)(oral) STRIKE ONE lease(s), if any, are
97 Insert additional terms, if any, at lines 458-464 or 526-534 or attach as an addendum per line 525.
98 0 GOVERNMENT PROGRAMS: Seller shall deliver to Buyer, within days of acceptance of this Offer, a list of all
99 federal, state, county, and local conservation, farmland, environmental, or other land use programs, agreements, restrictions,
100 or conservation easements, which apply to any part of the Property (e.g., farmland preservation agreements, farmland
1o1 preservation or exclusive agricultural zoning, use value assessments, Forest Crop, Managed Forest, Conservation Reserve
102 Program, wetland mitigation, shoreland zoning mitigation plan or comparable programs), along with disclosure of any
los penalties, fees, withdrawal charges, or payback obligations pending, or currently deferred, if any. This contingency will be
104 deemed satisfied unless Buyer delivers to Seller, within seven (7)days of Buyer's Actual Receipt of said list and disclosure, or
1o5 the deadline for delivery, whichever is earlier, a notice terminating this Offer based upon the use restrictions, program
106 requirements, and/or amount of any penalty, fee, charge, or payback obligation.
107 CAUTION: If Buyer does not terminate this Offer, Buyer is hereby agreeing that Buyer will continue in such programs,
1oa as may apply, and Buyer agrees to reimburse Seller should Buyer fail to continue any such program such that Seller
los incurs any costs, penalties, damages, or fees that are imposed because the program is not continued after sale. The
110 Parties agree this provision survives closing.
111 0 MANAGED FOREST LAND: All, or part, of the Property is managed forest land under the Managed Forest Law(MFL).
112 This designation will continue after closing. Buyer is advised as follows: The MFL is a landowner incentive program that
113 encourages sustainable forestry on private woodlands by reducing and deferring property taxes. Orders designating lands as
114 managed forest lands remain in effect for 25 or 50 years. When ownership of land enrolled in the MFL program changes, the
115 new owner must sign and file a report of the change of ownership on a form provided by the Department of Natural Resources
116 and pay a fee. By filing this form, the new owner agrees to the associated MFL management plan and the MFL program rules.
117 The DNR Division of Forestry monitors forest management plan compliance. Changes you make to property that is subject to
118 an order designating it as managed forest land, or to its use, may jeopardize your benefits under the program or may cause
119 the property to be withdrawn from the program and may result in the assessment of penalties. For more information call the
120 local DNR forester or visit http://www.dnr.state.wj.us.
Page 3 of 1a,WB-13
121 FENCES: Wis. Stat. § 90.03 requires the owners of adjoining properties to keep and maintain legal fences in equal shares
122 where one or both of the properties is used and occupied for farming or grazing purposes.
123 CAUTION: Consider an agreement addressing responsibility for fences if Property or adjoining land is used and
124 occupied for farming or grazing purposes.
125 USE VALUE ASSESSMENTS: The use value assessment system values agricultural land based on the income that would be
126 generated from its rental for agricultural use rather than its fair market value. When a person converts agricultural land to a
127 non-agricultural use (e.g., residential or commercial development), that person may owe a conversion charge. To obtain more
128 information about the use value law or conversion charge, contact the Wisconsin Department of Revenue's Equalization
129 Section or visit htti)://www.revenue.wi.govl.
130 FARMLAND PRESERVATION: Rezoning a property zoned farmland preservation to another use or the early termination of a
131 farmland preservation agreement or removal of land from such an agreement can trigger payment of a conversion fee equal to
132 3 times the class 1 "use value"of the land. Contact the Wisconsin Department of Agriculture, Trade and Consumer Protection
133 Division of Agricultural Resource Management or visit http:llwww,datcp.state.wl.usl for more information.
134 CONSERVATION RESERVE PROGRAM (CRP): The CRP encourages farmers, through contracts with the U.S. Department
135 of Agriculture, to stop growing crops on highly erodible or environmentally sensitive land and instead to plant a protective
136 cover of grass or trees. CRP contracts run for 10 to 15 years, and owners receive an annual rent plus one-half of the cost of
137 establishing permanent ground cover. Removing lands from the CRP in breach of a contract can be quite costly. For more
138 information call the state Farm Service Agency office or visit htt ://www.fsa.usda. ovl.
139 SHORELAND ZONING ORDINANCES: All counties must adopt shoreland zoning ordinances that meet or are more
14o restrictive than Wis. Admin. Code Chapter NR 115. County shoreland zoning ordinances apply to all unincorporated land
141 within 1,000 feet of a navigable lake, pond or flowage or within 300 feet of a navigable river or stream and establish minimum
142 standards for building setbacks and height limits, cutting trees and shrubs, lot sizes, water runoff, impervious surface
143 standards (that may be exceeded only if a mitigation plan is adopted) and repairs to nonconforming structures. Buyers must
144 conform to any existing mitigation plans. For more information call the county zoning office or visit http://www.dnr.state.wi.us/.
145 Buyer is advised to check with the applicable city,town or village for additional shoreland zoning restrictions, if any.
146 Within 3 days prior to closing, at a reasonable time pre-approved by Seller or
147 Seller's agent, Buyer shall have the right to walk through the Property to determine that there has been no significant change
148 in the condition of the Property, except for ordinary wear and tear and changes approved by Buyer, and that any defects
149 Seller has agreed to cure have been repaired in the manner agreed to by the Parties.
15a PROPERTY DAMAGE BETWEEN ACCEPTNEX701MIRUM Seller shall maintain the Property until the earlier of
151 closing or occupancy of Buyer in materially the same condition as of the date of acceptance of this Offer, except for ordinary
152 wear and tear. If, prior to closing, the Property is damaged in an amount of not more than five percent(5%)of the selling price,
153 Seller shall be obligated to repair the Property and restore it to the same condition that is was on the day of this Offer. No later
154 than closing, Seller shall provide Buyer with lien waivers for all lienable repairs and restoration. If the damage shall exceed
155 such sum, Seller shall promptly notify Buyer in writing of the damage and this Offer may be canceled at option of Buyer.
156 Should Buyer elect to carry out this Offer despite such damage, Buyer shall be entitled to the insurance proceeds, if any,
157 relating to the damage to the Property, plus a credit towards the purchase price equal to the amount of Seller's deductible on
158 such policy, if any. However, if this sale is financed by a land contract or a mortgage to Seller, any insurance proceeds shall
159 be held in trust for the sole purpose of restoring the Property.
160
161 ■ ACTUAL RECEIPT: "Actual Receipt" means that a Party, not the Party's recipient for delivery, if any, has the document or
162 written notice physically in the Party's possession, regardless of the method of delivery.
163 0 CONDITIONS AFFECTING THE PROPERTY OR TRANSACTION: "Conditions Affecting the Property or Transaction" are
164 defined to include:
165 a. Proposed, planned or commenced public improvements or public construction projects which may result in special
166 assessments or otherwise materially affect the Property or the present use of the Property.
167 b. Government agency or court order requiring repair, alteration or correction of any existing condition.
168 c. Land division or subdivision for which required state or local approvals were not obtained.
169 d. A portion of the Property in a floodplain,wetland or shoreland zoning area under local, state or federal regulations.
azo e. A portion of the Property being subject to, or in violation of, a farmland preservation agreement or in a certified farmland
171 preservation zoning district (see lines 130-133), or enrolled in, or in violation of, a Forest Crop, Managed Forest(see lines
172 111-120), Conservation Reserve (see lines 134-138), or comparable program.
173 f. Boundary or lot disputes, encroachments or encumbrances, a joint driveway or violation of fence laws (Wis. Stat. ch. 90)
174 (where one or both of the properties is used and occupied for farming or grazing).
175 g. Material violations of environmental rules or other rules or agreements regulating the use of the Property.
176 h. Conditions constituting a significant health risk or safety hazard for occupants of the Property.
177 i. Underground storage tanks presently or previously on the Property for storage of flammable or combustible liquids,
178 including, but not limited to, gasoline and heating oil.
179 j. A Defect or contamination caused by unsafe concentrations of, or unsafe conditions relating to, pesticides, herbicides,
180 fertilizer, radon, radium in water supplies, lead or arsenic in soil, or other potentially hazardous or toxic substances on the
181 premises.
182 k. Production of methamphetamine (meth)or other hazardous or toxic substances on the Property.
183 I. High voltage electric (100 KV or greater) or steel natural gas transmission lines located on but not directly serving the
184 Property.
185 m. Defects in any well, including unsafe well water due to contaminants such as coliform, nitrates and atrazine, and out-of-
186 service wells and cisterns required to be abandoned (Wis. Admin. Code § NR 812.26) but that are not closed/abandoned
187 according to applicable regulations.
188 (Definitions Continued on page 5)
Property Address: Vacant parcels 030078,030079,030081,030093,030055,and 030095 nage 4 or 10,WB-13
189 IF LINE 190 IS NOT MARKED OR IS MARKED NIA, LINES 230-236 APPLY.
iso =FINANCING CONTINGENCY: This Offer is contingent upon Buyer being able to obtain a written
191 [INSERT LOAN PROGRAM OR SOURCE) first mortgage
192 loan commitment as described below, within days of acceptance of this Offer. The financing selected shall be in an
193 amount of not less than $ for a term of not less than years, amortized over not less than years.
194 Initial monthly payments of principal and interest shall not exceed $ . Monthly payments may
195 also include 1/12th of the estimated net annual real estate taxes, hazard insurance premiums, and private mortgage insurance
196 premiums. The mortgage may not include a prepayment premium. Buyer agrees to pay discount points and/or loan origination
197 fee in an amount not to exceed %of the loan. If the purchase price under this Offer is modified,the financed amount,
198 unless otherwise provided, shall be adjusted to the same percentage of the purchase price as in this contingency and the
199 monthly payments shall be adjusted as necessary to maintain the term and amortization stated above.
200 CHECK AND COMPLETE APPLICABLE FINANCING PROVISION AT LINE 201 or 202.
201 ❑FIXED RATE FINANCING. The annual rate of interest shall not exceed %.
202 ❑ ADJUSTABLE RATE FINANCING: The initial annual interest rate shall not exceed %. The initial interest
203 rate shall be fixed for months, at which time the interest rate may be increased not more than % per
204 year. The maximum interest rate during the mortgage term shall not exceed °/a, Monthly payments of principal
205 and interest may be adjusted to reflect interest changes.
206 If Buyer is using multiple loan sources or obtaining a construction loan or land contract financing, describe at lines 458-464 or
2o7 526-534 or in an addendum attached per line 525.
208 w BUYER'S LOAN COMMITMENT: Buyer agrees to pay all customary loan and closing costs, to promptly apply for a
los mortgage loan, and to provide evidence of application promptly upon request of Seller. If Buyer qualifies for the loan described
210 in this Offer or another loan acceptable to Buyer, Buyer agrees to deliver to Seller a copy of the written loan commitment no
211 later than the deadline at line 192. Buyer and Seller agree that delivery of a copy of any written loan commitment to
212 Seller (even if subject to conditions) shall satisfy the Buyer's financing contingency if, after review of the loan
213 commitment, Buyer has directed, in writing, delivery of the loan commitment. Buyer's written direction shall
214 accompany the loan commitment. Delivery shall not satisfy this contingency if accompanied by a notice of
215 unacceptability.
216 CAUTION: The delivered commitment may contain conditions Buyer must yet satisfy to obligate the lender to provide
217 the loan. BUYER, BUYER'S LENDER AND AGENTS OF BUYER OR SELLER SHALL NOT DELIVER A LOAN
218 COMMITMENT TO SELLER OR SELLER'S AGENT WITHOUT BUYER'S PRIOR WRITTEN APPROVAL OR UNLESS
219 ACCOMPANIED BY A NOTICE OF UNACCEPTABILITY.
220 rr SELLER TERMINATION RIGHTS: If Buyer does not make timely delivery of said commitment, Seller may terminate this
221 Offer if Seller delivers a written notice of termination to Buyer prior to Seller's Actual Receipt of a copy of Buyer's written loan
222 commitment.
223 ■ FINANCING UNAVAILABILITY: If financing is not available on the terms stated in this Offer (and Buyer has not already
224 delivered an acceptable loan commitment for other financing to Seller), Buyer shall promptly deliver written notice to Seller of
225 same including copies of lender(s)' rejection letter(s) or other evidence of unavailability. Unless a specific loan source is
226 named in this Offer, Seller shall then have 10 days to deliver to Buyer written notice of Seller's decision to finance this
227 transaction on the same terms set forth in this Offer and this Offer shall remain in full force and effect, with the time for closing
228 extended accordingly. If Seller's notice is not timely given, this Offer shall be null and void. Buyer authorizes Seller to obtain
229 any credit information reasonably appropriate to determine Buyer's creditworthiness for Seller financing.
230 ■ IF THIS OFFER IS NOT CONTINGENT ON FINANCING:
231 M E3 ntml of BuyeF's funds shall PFGVmde SelleF With reasonable written veFifiGatleR that guyeF haG, at the tiMO Of V8P1fiG@tiGR,
232 vnmcrcrn-cancra-co-crv. 8. if suoh wrotten . I . . not provided, Seller has the Fight te terminate this Offer-lyy��
233 . Buyer may or may not obtain mortgage financing but does not need the protection of a financing
234 contingency. Seller agrees to allow Buyer's appraiser access to the Property for purposes of an appraisal. Buyer understands
235 and agrees that this Offer is not subject to the appraisal meeting any particular value, unless this Offer is subject to an
236 appraisal contingency, nor does the right of access for an appraisal constitute a financing contingency.
237 =APPRAISAL CONTINGENCY: This Offer is contingent upon the Buyer or Buyer's lender having the Property appraised
238 at Buyer's expense by a Wisconsin licensed or certified independent appraiser who issues an appraisal report dated
239 subsequent to the date of this Offer indicating an appraised value for the Property equal to or greater than the agreed upon
24o purchase price. This contingency shall be deemed satisfied unless Buyer, within days of acceptance, delivers to
241 Seller a copy of the appraisal report which indicates that the appraised value is not equal to or greater than the agreed upon
242 purchase price, accompanied by a written notice of termination.
243 CAUTION: An appraisal ordered by Buyer's lender may not be received until shortly before closing. Consider whether
244 deadlines provide adequate time for performance.
Page 5 o€10,WB-13
245 IDEFINITIONS CONTINUED FROM PAGE 3
246 n. Defects in any septic system or other sanitary disposal system on the Property or out-of-service septic systems not
247 closed/abandoned according to applicable regulations.
248 0. Subsoil conditions which would significantly increase the cost of development including, but not limited to, subsurface
249 foundations or waste material; organic or non-organic fill; dumpsites where pesticides, herbicides, fertilizer or other toxic
250 or hazardous materials or containers for these materials were disposed of in violation of manufacturer's or government
251 guidelines or other laws regulating said disposal; high groundwater; adverse soil conditions (e.g. low load bearing
252 capacity,earth or soil movement, slides)or excessive rocks or rock formations.
253 P. Brownfields (abandoned, idled or under-used land which may be subject to environmental contamination) or other
254 contaminated land, or soils contamination remediated under PECFA, the Department of Natural Resources (DNR)
255 Remediation and Redevelopment Program,the Agricultural Chemical Cleanup Program or other similar program.
256 q. Lack of legal vehicular access to the Property from public roads.
257 r. Homeowners' associations, common areas shared or co-awned with others, zoning violations or nonconforming uses,
258 conservation easements, restrictive covenants, rights-of-way, easements, easement maintenance agreements, or use of
259 a part of Property by non-owners, other than recorded utility easements.
26o s. Special purpose district, such as a drainage district, lake district, sanitary district or sewer district, that has the authority to
261 impose assessments against the real property located within the district.
262 t. Federal, state or local regulations requiring repairs, alterations or corrections of an existing condition.
263 U. Property tax increases, other than normal annual increases; completed or pending property tax reassessment of the
264 Property, or proposed or pending special assessments.
265 v. Burial sites, archeological artifacts, mineral rights, orchards or endangered species.
266 w. Flooding, standing water, drainage problems or other water problems on or affecting the Property.
267 X. Material damage from fire,wind, floods, earthquake, expansive soils, erosion or landslides.
268 Y. Significant odor, noise,water intrusion or other irritants emanating from neighboring property.
269 Z. Substantial crop damage from disease, insects, soil contamination, wildlife or other causes; diseased trees; or substantial
270 injuries or disease in livestock on the Property or neighboring properties.
271 aa. Existing or abandoned manure storage facilities on the Property.
272 bb. Impact fees, or other conditions or occurrences that would significantly increase development costs or reduce the value of
273 the Property to a reasonable person with knowledge of the nature and scope of the condition or occurrence.
274 cc. The Property is subject to a mitigation plan required by DNR rules related to county shoreland zoning ordinances that
275 obligates the owner to establish or maintain certain measures related to shoreland conditions, enforceable by the county
276 (see lines 139-145).
277 dd. All or part of the land has been assessed as agricultural land, the owner has been assessed a use-value conversion
278 charge or the payment of a use-value conversion charge has been deferred.
279 a DEADLINES: "Deadlines" expressed as a number of"days"from an event, such as acceptance, are calculated by excluding
leo the day the event occurred and by counting subsequent calendar days. The deadline expires at midnight on the last day.
261 Deadlines expressed as a specific number of "business days" exclude Saturdays, Sundays, any legal public holiday under
282 Wisconsin or Federal law, and any other day designated by the President such that the postal service does not receive
283 registered mail or make regular deliveries on that day. Deadlines expressed as a specific number of "hours" from the
284 occurrence of an event, such as receipt of a notice, are calculated from the exact time of the event, and by counting 24 hours
las per calendar day. Deadlines expressed as a specific day of the calendar year or as the day of a specific event, such as
266 closing, expire at midnight of that day.
287 ■ DEFECT: "Defect" means a condition that would have a significant adverse effect on the value of the Property; that would
288 significantly impair the health or safety of future occupants of the Property; or that if not repaired, removed or replaced would
289 significantly shorten or adversely affect the expected normal life of the premises.
290 ■ FIXTURE: A "Fixture" is an item of property which is physically attached to or so closely associated with land so as to be
291 treated as part of the real estate, including, without limitation, physically attached items not easily removable without damage
292 to the premises, items specifically adapted to the premises, and items customarily treated as fixtures, including, but not limited
293 to, all: perennial crops; garden bulbs; plants; shrubs and trees and fences; storage buildings on permanent foundations and
294 docks/piers on permanent foundations.
295 CAUTION: Exclude any Fixtures to be retained by Seller or which are rented on lines 18-19.
296 m PROPERTY: Unless otherwise stated, "Property" means the real estate described at lines 4-7.
297 1PROPERTY DEVELOPMENT WARNINGI If Buyer contemplates developing Property for a use other than the current use,
298 there are a variety of issues which should be addressed to ensure the development or new use is feasible. Municipal and
299 zoning ordinances, recorded building and use restrictions, covenants and easements may prohibit certain improvements or
300 uses and therefore should be reviewed. Building permits, zoning variances, Architectural Control Committee approvals,
301 estimates for utility hook-up expenses, special assessments, changes for installation of roads or utilities, environmental audits,
302 subsoil tests, or other development related fees may need to be obtained or verified in order to determine the feasibility of
303 development of, or a particular use for, a property. Optional contingencies which allow Buyer to investigate certain of these
304 issues can be found at lines 305-350 and Buyer may add contingencies as needed in addenda (see line 525). Buyer should
305 review any plans for development or use changes to determine what issues should be addressed in these contingencies.
Property Address: Vacant parcels 030078,030079,030081,030093,030085, and 030095 Page 6 of 10,WB-i3
306 =PROPOSED USE CONTINGENCIES: Buyer is purchasing the Property for the purpose of:
307
308
309 [insert proposed use and type and size of building, if applicable; e.g. three bedroom single family home]. The optional
3io provisions checked on lines 314-345 shall be deemed satisfied unless Buyer, within days of acceptance, delivers
311 written notice to Seller specifying those items which cannot be satisfied and written evidence substantiating why each specific
312 item included in Buyer's notice cannot be satisfied. Upon delivery of Buyer's notice, this Offer shall be null and void. Seller
313 agrees to cooperate with Buyer as necessary to satisfy the contingencies checked at lines 314-350.
314 ❑ZONING CLASSIFICATION CONFIRMATION: This Offer is contingent upon Buyer obtaining, at(Buyer's) (Seller's)
315 STRIKE ONE ("Buyer's" if neither is stricken) expense, verification that the Property is zoned
316 and that the Property's zoning allows the Buyer's proposed use described at lines 306-308.
317 ❑SUBSOILS: This offer is contingent upon Buyer obtaining, at (Buyer's) (Seller's) STRIKE ONE ("Buyer's" if neither
318 is stricken) expense, written evidence from a qualified soils expert that the Property is free of any subsoil condition which
319 would make the proposed use described at lines 306-308 impossible or significantly increase the costs of such
320 development.
321 ❑ PRIVATE ONSITE WASTEWATER TREATMENT SYSTEM (POWTS) SUITABILITY: This Offer is contingent
322 upon Buyer obtaining, at(Buyer's) (Seller's)ISTRIKE ONE (`Buyer's" if neither is stricken) expense, written evidence from
323 a certified soils tester that (a) the soils at the Property locations selected by Buyer, and (b) all other conditions that must
324 be approved, meet the legal requirements in effect on the date of this Offer to obtain a permit for a POWTS for use of the
325 Property as stated on lines 306-308. The POWTS (septic system) allowed by the written evidence must be one of
326 the following POWTS that is approved by the State for use with the type of property identified at lines 306-308 CHEC
327 JALL THAT AP PL :❑conventional in-ground;❑mound;❑at grade;❑in-ground pressure distribution; ❑holding tank;
328 ❑other:
329 EASEMENTS AND RESTRICTIONS: This Offer is contingent upon Buyer obtaining, at (Buyer's) (Seller's) STRIKE
330 PONE (`Buyer's" if neither is stricken) expense, copies of all public and private easements, covenants and restrictions
331 affecting the Property and a written determination by a qualified independent third party that none of these prohibit or
332 significantly delay or increase the costs of the proposed use or development identified at lines 306-308.
333 ❑APPROVALS: This Offer is contingent upon Buyer obtaining, at (Buyer's) (Seller's) ISTRIKE ONE ("Buyer's" if
334 neither is stricken) expense, permits, approvals and licenses, as appropriate, or the final discretionary action by the
335 granting authority prior to the issuance of such permits, approvals and licenses, for the following items related to Buyer's
336 proposed use:
337
338 ❑UTILITIES: This Offer is contingent upon Buyer obtaining, at(Buyer's) (Seller's) STRIKE ONE (`Buyer's"if neither
339 is stricken)expense,written verification of the following utility connections at the listed locations (e.g., on the Property, at
340 the lot line, across the street, etc.) CHECK AND COMPLETE AS APPLICABLE:❑electricity ;
341 F-1 gas ; ❑sewer ;❑water
342 ❑telephone ;❑cable ;❑other
343 =ACCESS TO PROPERTY: This Offer is contingent upon Buyer obtaining, at (Buyer's) (Seller's) STRIKE ONE
344 ("Buyer's" if neither is stricken) expense,written verification that there is legal vehicular access to the Property from public
345 roads.
346 ❑LAND USE APPROVAL: This Offer is contingent upon Buyer obtaining, at(Buyer's) (Seller's) STRIKE ONE ("Buyer's" if
347 neither is stricken) expense, a ❑ rezoning; ❑ conditional use permit; ❑ license; ❑ variance; ❑ building permit; ❑
348 occupancy permit; ❑other CHECK ALL THAT APPL , and delivering
349 written notice to Seller if the item cannot be obtained, all within days of acceptance for the Property for its proposed
35o use described at lines 306-308.
351 ❑ MAP OF THE PROPERTY: This Offer is contingent upon (Buyer obtaining) (Seller providing) TRIKE ONE ("Seller
352 providing" if neither is stricken) a Map of the Property dated subsequent to the date of acceptance of this Offer prepared by a
353 registered land surveyor, within days of acceptance, at(Buyer's) (Seller's) STRIKE ONE ("Seller's" if neither is stricken)
354 expense. The map shall show minimum of acres, maximum of acres, the legal description of the
355 Property, the Property's boundaries and dimensions, visible encroachments upon the Property, the location of improvements,
358 if any, and:
357 [STRIKE AND COMPLETE AS APPLICABLE] Additional map features which may be added include, but are not limited to:
358 staking of all corners of the Property; identifying dedicated and apparent streets; lot dimensions; total acreage or square
359 footage; easements or rights-of-way. CAUTION: Consider the cost and the need for map features before selecting them.
36o Also consider the time required to obtain the map when setting the deadline. This contingency shall be deemed satisfied
361 unless Buyer, within five days of the earlier of: (1) Buyer's receipt of the map; or (2) the deadline for delivery of said map,
362 delivers to Seller a copy of the map and a written notice which identifies: (1) the significant encroachment; (2) information
363 materially inconsistent with prior representations; or(3)failure to meet requirements stated within this contingency.
364 Upon delivery of Buyer's notice, this Offer shall be null and void.
Page 7 of 10.WB-13
ass 1PROPERTY DIMENSIONS AND SURVEYS1 Buyer acknowledges that any land dimensions, total square footage, acreage
366 figures, or allocation of acreage information, provided to Buyer by Seller or by a broker, may be approximate because of
367 rounding, formulas used or other reasons, unless verified by survey or other means.
368 CAUTION: Buyer should verify land dimensions, total square footagetacreage figures and allocation of acreage
369 information if material to Buyer's decision to purchase.
370
371 w HELD BY: Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker
372 (Buyer's agent if Property is not listed or Seller's account if no broker is involved), until applied to the purchase price or
373 otherwise disbursed as provided in the Offer.
374 CAUTION: Should persons other than a broker hold earnest money, an escrow agreement should be drafted by the
375 Parties or an attorney. If someone other than Buyer makes payment of earnest money, consider a special
376 disbursement agreement.
377 ■ DISBURSEMENT: If negotiations do not result in an accepted offer, the earnest money shall be promptly disbursed (after
378 clearance from payor's depository institution if earnest money is paid by check)to the person(s)who paid the earnest money.
37g At closing, earnest money shall be disbursed according to the closing statement. If this Offer does not close, the earnest
38o money shall be disbursed according to a written disbursement agreement signed by all Parties to this Offer. If said
381 disbursement agreement has not been delivered to broker within 60 days after the date set for closing, broker may disburse
382 the earnest money: (1) as directed by an attorney who has reviewed the transaction and does not represent Buyer or Seller;
383 (2) into a court hearing a lawsuit involving the earnest money and all Parties to this Offer; (3)as directed by court order; or(4)
384 any other disbursement required or allowed by law. Broker may retain legal services to direct disbursement per(1)or to file an
ass interpleader action per (2) and broker may deduct from the earnest money any costs and reasonable attorneys fees, not to
Sas exceed $250, prior to disbursement.
387 rr LEGAL. RIGHTS/ACTION: Broker's disbursement of earnest money does not determine the legal rights of the Parties in
388 relation to this Offer. Buyer's or Seller's legal right to earnest money cannot be determined by broker. At least 30 days prior to
Sas disbursement per(1) or(4)above, broker shall send Buyer and Seller notice of the disbursement by certified mail. If Buyer or
390 Seller disagree with broker's proposed disbursement, a lawsuit may be filed to obtain a court order regarding disbursement.
391 Small Claims Court has jurisdiction over all earnest money disputes arising out of the sale of residential property with 1-4
392 dwelling units and certain other earnest money disputes. Buyer and Seller should consider consulting attorneys regarding their
393 legal rights under this Offer in case of a dispute. Both Parties agree to hold the broker harmless from any liability for good faith
394 disbursement of earnest money in accordance with this Offer or applicable Department of Regulation and Licensing
395 regulations concerning earnest money. See Wis. Admin. Code Ch. RL 18.
396 IDISTRIBUTION OF INFOR-M—A-T-10-MIBuyer and Seller authorize the agents of Buyer and Seller to: (i)distribute copies of the
397 Offer to Buyer's lender, appraisers,title insurance companies and any other settlement service providers for the transaction as
398 defined by the Real Estate Settlement Procedures Act(RESPA); (ii)report sales and financing concession data to multiple
399 listing service sold databases; and (Iii) provide active listing, pending sale, closed sale and financing concession information
400 and data, and related information regarding seller contributions, incentives or assistance, and third party gifts, to appraisers
401 researching comparable sales, market conditions and listings, upon inquiry.
402 NOTICE ABOUT SEX OFFENDER REGISTRY1 You may obtain information about the sex offender registry and persons
4o3 registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at
404 http://www.widocoffenders.orci or by telephone at (608)240-5830.
Property Address: Vacant parcels 030078,030079,030081,030093,030085, and 030095 Page 8 of 10,WB-13
405=SECONDARY OFFER: This Offer is secondary to a prior accepted offer. This Offer shall become primary upon delivery
406 of written notice to Buyer that this Offer is primary. Unless otherwise provided, Seller is not obligated to give Buyer notice prior
407 to any deadline, nor is any particular secondary buyer given the right to be made primary ahead of other secondary buyers.
4oa Buyer may declare this Offer null and void by delivering written notice of withdrawal to Seller prior to delivery of Seller's notice
409 that this Offer is primary. Buyer may not deliver notice of withdrawal earlier than days after acceptance of this Offer. All
410 other Offer deadlines which are run from acceptance shall run from the time this Offer becomes primary.
411 ITIME IS OF THE ESSENCE "Time is of the Essence" as to: (1) earnest money payment(s); (2) binding acceptance; (3)
412 occupancy; (4)date of closing; (5) contingency Deadlines ISTRIKE AS APPLICABLEJ and all other dates and Deadlines in this
413 Offer except:
414 If "Time is of the Essence" applies to a date or Deadline, failure to perform by the exact date or Deadline is a breach of
415 contract. If"Time is of the Essence" does not apply to a date or Deadline, then performance within a reasonable time of the
416 date or Deadline is allowed before a breach occurs.
417 [TITLE EVIDENCE
418 ■ CONVEYANCE OF TITLE: Upon payment of the purchase price, Seller shall convey the Property by warranty deed
419 (or trustee's deed if Seller is a trust, personal representative's deed if Seller is an estate or other conveyance as
420 provided herein), free and clear of all liens and encumbrances, except: municipal and zoning ordinances and agreements
421 entered under them, recorded easements for the distribution of utility and municipal services, recorded building and use
422 restrictions and covenants, present uses of the Property in violation of the foregoing disclosed in Seller's disclosure report and
423 in this Offer, general taxes levied in the year of closing and
424
425
426
427 which constitutes merchantable title for purposes of this transaction. Seller shall complete and execute the documents
428 necessary to record the conveyance at Seller's cost and pay the Wisconsin Real Estate Transfer Fee,
429 ■ TITLE EVIDENCE: Seller shall give evidence of title in the form of an owner's policy of title insurance in the amount of the
430 purchase price on a current ALTA form issued by an insurer licensed to write title insurance in Wisconsin. Seller shall pay all
431 costs of providing title evidence to Buyer. Buyer shall pay all costs of providing title evidence required by Buyer's lender.
432 ■ GAP ENDORSEMENT: Seller shall provide a "gap"endorsement or equivalent gap coverage at (Seller's)(Buyer's) STRIKE
433 ONE ("Seller's" if neither stricken) cost to provide coverage for any liens or encumbrances first filed or recorded after the
434 effective date of the title insurance commitment and before the deed is recorded, subject to the title insurance policy
435 exclusions and exceptions, provided the title company will issue the endorsement. If a gap endorsement or equivalent gap
436 coverage is not available, Buyer may give written notice that title is not acceptable for closing (see lines 442-449).
437 ■ PROVISION OF MERCHANTABLE TITLE: For purposes of closing, title evidence shall be acceptable if the required title
438 insurance commitment is delivered to Buyer's attorney or Buyer not more than days after acceptance ("15" if left blank),
439 showing title to the Property as of a date no more than 15 days before delivery of such title evidence to be merchantable per
440 lines 418-427, subject only to liens which will be paid out of the proceeds of closing and standard title insurance requirements
441 and exceptions, as appropriate.
442 ■ TITLE NOT ACCEPTABLE FOR CLOSING: If title is not acceptable for closing, Buyer shall notify Seller in writing of
443 objections to title within days ("15" if left blank) after delivery of the title commitment to Buyer or Buyer's attorney. In
444 such event, Seller shall have a reasonable time, but not exceeding days ("5" if left blank) from Buyer's delivery of the
445 notice stating title objections, to deliver notice to Buyer stating Seller's election to remove the objections by the time set for
446 closing. In the event that Seller is unable to remove said objections, Buyer may deliver to Seller written notice waiving the
447 objections, and the time for closing shall be extended accordingly. If Buyer does not waive the objections, Buyer shall deliver
448 written notice of termination and this Offer shall be null and void. Providing title evidence acceptable for closing does not
449 extinguish Seller's obligations to give merchantable title to Buyer.
450 ■ SPECIAL ASSESSMENTS: Special assessments, if any, levied or for work actually commenced prior to the date of this
451 Offer shall be paid by Seller no later than closing. All other special assessments shall be paid by Buyer.
452 CAUTION: Consider a special agreement if area assessments, property owners association assessments, special
453 charges for current services under Wis. Stat. § 66.0627 or other expenses are contemplated. "Other expenses" are
454 one-time charges or ongoing use fees for public improvements (other than those resulting in special assessments)
455 relating to curb, gutter, street, sidewalk, municipal water, sanitary and storm water and storm sewer (including all
456 sewer mains and hook-uplconnection and interceptor charges), parks, street lighting and street trees, and impact
457 fees for other public facilities, as defined in Wis. Stat. §66.0617(1)(f).
456 ADDITIONAL PROVISIONS/CONTINGENCIES11
459
460
461
462
463
464
465 DEFAULT Seller and Buyer each have the legal duty to use good faith and due diligence in completing the terms and
466 conditions of this Offer. A material failure to perform any obligation under this Offer is a default which may subject the
467 defaulting party to liability for damages or other legal remedies.
468 If Buyer defaults, Seller may:
469 (1) sue for specific performance and request the earnest money as partial payment of the purchase price; or
470 (2) terminate the Offer and have the option to: (a) request the earnest money as liquidated damages; or (b) sue for
471 actual damages.
472 If Seller defaults, Buyer may:
473 (1) sue for specific performance; or
474 (2) terminate the Offer and request the return of the earnest money, sue for actual damages, or both.
475 In addition,the Parties may seek any other remedies available in law or equity.
476 The Parties understand that the availability of any judicial remedy will depend upon the circumstances of the situation and the
477 discretion of the courts. If either Party defaults, the Parties may renegotiate the Offer or seek nonjudicial dispute resolution
478 instead of the remedies outlined above. By agreeing to binding arbitration, the Parties may lose the right to litigate in a court of
479 law those disputes covered by the arbitration agreement.
Oso NOTE: IF ACCEPTED,THIS OFFER CAN CREATE A LEGALLY ENFORCEABLE CONTRACT. BOTH PARTIES SHOULD
481 READ THIS DOCUMENT CAREFULLY. BROKERS MAY PROVIDE A GENERAL EXPLANATION OF THE PROVISIONS
482 OF THE OFFER BUT ARE PROHIBITED BY LAW FROM GIVING ADVICE OR OPINIONS CONCERNING YOUR LEGAL
483 RIGHTS UNDER THIS OFFER OR HOW TITLE SHOULD BE TAKEN AT CLOSING. AN ATTORNEY SHOULD BE
484 CONSULTED IF LEGAL ADVICE IS NEEDED.
485 IENTIRFE CONTRACT This Offer, including any amendments to it, contains the entire agreement of the Buyer and Seller
486 regarding the transaction. All prior negotiations and discussions have been merged into this Offer. This agreement binds and
487 inures to the benefit of the Parties to this Offer and their successors in interest.
488 1INSPECTIONS AND TESTING Buyer may only conduct inspections or tests if specific contingencies are included as a part of
489 this Offer. An "inspection" is defined as an observation of the Property which does not include an appraisal or testing of the
490 Property, other than testing for leaking carbon monoxide, or testing for leaking LP gas or natural gas used as a fuel source,
491 which aro hereby authorized. A "test" is defined as the taking of samples of materials such as soils, water, air or building
492 materials from the Property and the laboratory or other analysis of these materials. Seller agrees to allow Buyer's inspectors,
493 testers and appraisers reasonable access to the Property upon advance notice, if necessary to satisfy the contingencies in
494 this Offer. Buyer and licensees may be present at all inspections and testing. Except as otherwise provided, Seller's
495 authorization for inspections does not authorize Buyer to conduct testing of the Property.
496 NOTE: Any contingency authorizing testing should specify the areas of the Property to be tested, the purpose of the
497 test, (e.g., to determine if environmental contamination is present), any limitations on Buyer's testing and any other
498 material terms of the contingency.
499 Buyer agrees to promptly restore the Property to its original condition after Buyers inspections and testing are completed
5oo unless otherwise agreed to with Seller. Buyer agrees to promptly provide copies of all inspection and testing reports to Seller.
5o1 Seller acknowledges that certain inspections or tests may detect environmental pollution which may be required to be reported
502 to the Wisconsin Department of Natural Resources.
Property Address: Vacant parcels 030078,030079,030081,030093,030085,and.030095 Page 10 of 10,WB-13
5o3 0 INSPECTION CONTINGENCY: This contingency only authorizes inspections, not testing (see lines 488-502). This Offer
504 is contingent upon a qualified independent inspector(s) conducting an inspection(s), of the Property which discloses no
5o5 Defects, This Offer is further contingent upon a qualified independent inspector or independent qualified third party performing
5o6 an inspection of
507 (list any Property feature(s)to be separately inspected, e.g., dumpsite, etc.)which discloses no Defects. Buyer shall order the
5oa inspection(s) and be responsible for all costs of inspection(s). Buyer may have follow-up inspections recommended in a
5og written report resulting from an authorized inspection performed provided they occur prior to the deadline specified at line 513.
510 Inspection(s)shall be performed by a qualified independent inspector or independent qualified third party.
511 CAUTION: Buyer should provide sufficient time for the primary inspection and/or any specialized inspection(s), as
512 well as any follow-up inspection(s).
513 This contingency shall be deemed satisfied unless Buyer,within days of acceptance, delivers to Seller a copy of the written
514 inspection report(s)and a written notice listing the Defect(s)identified in those report(s)to which Buyer objects(Notice of Defects).
51s CAUTION: A proposed amendment is not a Notice of Defects and will not satisfy this notice requirement.
516 For the purposes of this contingency, Defects (see lines 287-289)do not include conditions the nature and extent of which the
517 Buyer had actual knowledge or written notice before signing this Offer.
51a ■ RIGHT TO CURE: Seller (shall)(shall not) STRIKE ONE ("shall" if neither is stricken) have a right to cure the Defects. If
51g Seller has the right to cure, Seller may satisfy this contingency by: (1) delivering written notice to Buyer within 10 days of
52o Buyer's delivery of the Notice of Defects stating Seller's election to cure Defects; (2) curing the Defects in a good and
521 workmanlike manner; and (3) delivering to Buyer a written report detailing the work done within 3 days prior to closing. This
522 Offer shall be null and void if Buyer makes timely delivery of the Notice of Defects and written inspection report(s) and: (1)
523 Seller does not have a right to cure or(2)Seller has a right to cure but: (a)Seller delivers written notice that Seller will not cure
524 or(b)Seller does not timely deliver the written notice of election to cure.
525 =ADDENDA: The attached is/are made part of this Offer.
526 tADDITIONAL PROVISIONS/CONTINGENCIES
527 This Offer is contingent upon Buyer and Seller mutually agreeing upon a land use and site plan within 60 days of Acceptance,
528 unless otherwise extended in writing;failing which this Offer will be deemed null and void.
529 Buyer hereby acknowledges the existing environmental contamination of the parcel(s).
530 State of Wl required disclosure: William Steiner is a licensed real estate broker.
531
532
533
534
535 This Offer was drafted by[Licensee and Firm]
536 on
537 (X) 7/10/2019
538 Buyer's Signature Print Name Here► Willi- m Steine0r,Member of Bridgeview Holdings LLC Date
539 (X)
540 Buyer's Signature Print Name Here 10- Date
541 JEARNEST MONEY RECEIPT Broker acknowledges receipt of earnest money as per line 10 of the above Offer.
542 Broker(by)
543 SELLER ACCEPTS THIS OFFER. THE WARRANTIES, REPRESENTATIONS AND COVENANTS MADE IN THIS OFFER
544 SURVIVE CLOSING AND THE CONVEYANCE OF THE PROPERTY. SELLER AGREES TO CONVEY THE PROPERTY ON
545 THE TERMS AND CONDITIONS AS SI=T FORTH HEREIN AND ACKNOWLEDGES RECEIPT OF A COPY OF THIS OFFER.
546 (X)
547 Seller's Signature• Print Name Here► Date
548 (X)
549 Seller's Signature) Print Name Here► Date
550 This Offer was presented to Seller by[Licensee and Firm]
551 on at a.m./p.m.
552 This Offer is rejected This Offer is countered [See attached counter]
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