HomeMy WebLinkAboutResolution 2012 (11)
1 RESOLUTION APPROVING SALE OF COUNTY PROPERTY
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3 Resolution No. [I C Ufa)
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5 St. Croix County, Wisconsin
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7 WHEREAS, Robert Bliss (d/b/a Contact Communications, Inc.) has provided St. Croix County
8 with a written offer to purchase for County owned property located at 1508 250'' Street in the Town of
9 Emerald consisting of 2.29 acres; and
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11 WHEREAS, St. Croix County does not currently utilize the radio tower located on the property
12 and does not contemplate utilizing the property in the future; and
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14 WHEREAS, the essential provisions of the agreement are as follows:
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16 1. Purchase price is $12,000.
17 2. The purchaser has made a $9,000 down payment.
18 3. The property is being sold "as is".
19 4. Closing shall occur no later than May 1, 2012.
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21 THEREFORE, be it resolved by the St. Croix County Board of Supervisors that the offer to
22 purchase the parcel of land located at 1508 250'h Street in the Town of Emerald made by Robert Bliss
23 (d/b/a Contact Communications, Inc.) is hereby accepted.
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25 FURTHER, be it resolved that the County Board Chair and County Clerk are hereby authorized
26 to sign the purchase agreement for the property, and if the terms and conditions of the purchase agreement
27 are fulfilled, the County Board Chair and County Clerk are hereby authorized to execute a warranty deed
28 to Contact Communications, Inc. to be delivered to Robert Bliss at closing.
Offered b Administration Committee
Yes No Abstain Absent This resolution was adopted by the St. Croix County
Sharon Norton-Bauman ® ❑ ❑ ❑
Esther Wentz ® ❑ ❑ ❑ Board of Supervisors on A r l7 c~0/o~
Ryan Sicard ® ❑ ❑ ❑
Daryl Standafer ® ❑ ❑ ❑
Buck Malick ® ❑ ❑ ❑
Lorin Sather ® ❑ ❑ ❑
Roger Rebholz ® ❑ ❑ ❑ Cindy Campbell, Coun Clerk
I verify that the vote shown abov is true and correct.
County Board Vote: Yes
/ 1''4 Abstain
Chair, Ad inis ration Committee Absent
LEGAL REVIEW FISCAL REVIEW
Reviewed as to form on March 28, 2012 ® There is a fiscal impact.
Don C,iClen ❑ There is no fiscal impact.
Don Gillen, Assistant Corporation Counsel See attached Fiscal Impact Statement.
LEGAL NOTE: None
VOTE REQUIREMENT: Maori of supervisors resent
FISCAL IMPACT STATEMENT
Submitted By: Patrick Thompson
Date: 3/27/2012
Department: Administration
Committee: Administration
Resolution Title: Resolution Approving Sale of County Property
❑ There is no fiscal impact on expenses or revenues
® There is a fiscal impact on expenses or revenues
Explanation:
The sale will result in $12,000 in revenue to the Capital Projects Fund net any additional revenue or
fees.
FINANCE DIRECTOR ACTION:
® Approved by Finance Director
SignatuDate: 07/~
FISCAL IMPACT STATEMENT - REV. 09/12/2011 Page 1
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COMMERCIAL REAL ESTATE
PURCFUkSE AND SALE AGREEMENT
Introduction
This Agreement is effective on March 23, 2012 ("Effective Date"), even though the signatures of
the parties may be obtained on a different date.
This Agreement is between St. Croix County, Wisconsin ("Seller") and Contact
Communications, Inc., a Minnesota corporation ("Buyer").
Seller is the owner of the real estate legally described as contained on the attached Exhibit A
("Property::)
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In consideration of the mutual agreements, covenants and warranties contained in this
Agreement. Buyer and Seller agree as follows.
Agreement
1. Purchase and Sale. Seller agrees to sell and Buyer agrees to buy the Property, together
with all easements, privileges, rights and appurtenances pertaining to the Property, and
including all buildings, permanent fixtures and other improvements located on the
Property; all subject to the terms of this Agreement.
2. Purchase Price.
2.1 Total Price. The total purchase price ("Purchase Price") for the Property is
$12,000.00. The Purchase Price, as adjusted according to the terms of this
Agreement, shall be paid at closing in cash, by wire transfer or other immediately j
available funds.
2.1.1 Earnest Money. Earnest money in the sum of $9,000.00 shall be
deposited with Seller upon the execution of this Agreement.
2.2 Purchase Price Allocation. The Purchase Price is allocated as follows:
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2.2.1 Land: $3,000.00.
2.2.2 Fixtures: $9,000.00.
3. Contingencies. Buyer's obligations under this Agreement are contingent upon Buyer's
satisfaction with each of the following:
3.1 As Is Condition. As a material part of the consideration for this Agreement,
Buyer agrees to accept the Property on an "as is" and "where is" basis, with all
faults, except as noted in this Agreement. Seller makes no representations or
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warranties as to fitness for any particular purpose, merchantability, condition,
absence of defects or faults, absence of hazardous or toxic substance, flooding, or
compliance with laws and regulations, including, without limitation, those relating
to health, safety, and the environment, as they may apply to the current condition
of the Property or Buyer's intended development, construction or use, or for any {
other purpose. Similarly, no warranty or representation is made by Seller, nor any
agreement undertaken with respect to the Property. Buyer aclmowledges that y
Buyer has entered in this Agreement with the intention of making and relying
upon its own investigation of the physical, environmental, economic use, j
compliance, and legal condition of the Property and, except as noted in this {
Agreement, Buyer is not now relying upon, and will not later rely upon, any
representations and warranties made by Seller or anyone acting or claiming to act
by, through, under or on Seller's behalf concerning the Property, except for the i
specific express representations and warranties contained in this Agreement. The
provisions of this paragraph shall survive indefinitely any closing or termination
of this Agreement and shall not be merged into any documents executed or
delivered at closing.
3.2 Seller Approval. This transaction is contingent upon approval of the Seller at a
properly noticed St. Croix County Board Meeting.
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4. Seller's Representations and Warranties. Seller is duly qualified to transact business
in the State of Wisconsin and has the requisite power and authority to enter into and '
perform this Agreement and those closing documents to be signed by it. This Agreement j
and the closing documents have been duly authorized by all necessary action on the part
of the Seller and have been or will be as of the Closing Date, as applicable, duly executed i
and delivered. The execution, delivery and performance by Seller of the documents do [
not conflict with or result in a violation of Seller's governing documents or any
judgment, order or decree of any court or arbiter to which Seller is a party. All
documents either executed or to be executed by Seller are valid and binding obligations
of Seller and are enforceable in accordance with their terms.
5. Buyer's Representations and Warranties.
5.1 Good Standing. Buyer is duly. formed and is in good standing under the laws of
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the State of Minnesota
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5.2 Authority to Act. Buyer is duly qualified to transact business in the State of
Wisconsin and has the requisite power and authority to enter into and perform this
Agreement and those closing documents to be signed by it. This Agreement and
the closing documents have been duly authorized by all necessary action on the
part of the Buyer and have been or will be as of the Closing Date, as applicable,
duly executed and delivered. The execution, delivery and performance by Buyer II
of the documents do not conflict with or result in a violation of Buyer's governing f
documents, or any judgment, order or decree of any court or arbiter to which
Buyer is a party. All documents either executed or to be executed by Buyer are
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valid and binding obligations of Buyer and are enforceable in accordance with
their terms.
6. 't'itle Evidence. Seller shall, within 14 days of the approval of this Agreement by the
Seller, furnish to Buyer a commitment ("Commitment") issued by a title company
acceptable to Buyer for an ALTA, 2006 Form B Owner's Policy of Title Insurance
insuring title to the Property in the amount of the Purchase Price.
7. Closing Place and Date. The closing will take place at 9:00 am at the St. Croix County
Government Center or at another place as agreed in writing. The closing date will be on
or before May 1, 2012 ("Closing Date"),
8. Seller's Closing (Deliveries. Seller shall deliver the following at closing:
8.1 Warranty Deed. A Warranty Deed, in recordable form, conveying the Property
to Buyer, free and clear of all encumbrances other than the permitted exceptions.
Pursuant to Wisconsin Statutes § 77.255 a Wisconsin Real Estate Transfer Return
is not required.
8.2 Affidavits and Certifications. Affidavits and Certifications fully executed by
the Seller as follows:
8.2.1 A Seller's Affidavit indicating that on the Closing Date there are no
outstanding, unsatisfied judgments, tax liens or bankruptcies against or
involving Seller or the Property; that there has been no skill, labor or
material furnished to the Property for which payment has not been made
or for which construction liens could be filed; and that there are no other
unrecorded interests in the Property, together with any standard owner's
affidavit and/or indemnity which may be required by the title company to
issue the'title policy.
8.2.2 A fully executed Non-Foreign Certification for Section 1445 of the
Internal Revenue Code substantially in the form as shown on Exhibit
8.2.2.
8.3 Reasonable and Customary Documents. Reasonable and customary documents
including a certified copy of a Resolution of Seller's Board fully authorizing the
transactions required to close the transaction described in this Agreement.
8.4 Settlement Statement. A Settlement Statement fully and completely describing
the financial terms of this transaction, showing at a minimum the purchase price,
the credits and prorations, payments for third party services, whether from
proceeds or outside closing, and all other additions to, subtractions from or
payments and receipts affecting the closing.
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9. Buyer's Closing Deliveries.
9.1 Purchase Funds. The Purchase Price as shown in Paragraph 2.1 of this
Agreement. !
9.2 Certification. Certificate substantially in the form as shown on Exhibit 9.2 that
the Buyer is not a designated national or blocked person shown on the "OFAC
List" compiled by the U.S. Department of Treasury.
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9.3 Settlement Statement. A Settlement Statement fully and completely describing
the financial terms of this transaction, showing at a minimum the purchase price, i
the credits and proration, payments for third party services, whether from
proceeds or outside closing, and all other additions to, subtractions from or
payments and receipts affecting the closing.
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10. Closing .Adjustments..
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10.1 'T'ransfer Fee. Pursuant to Wisconsin Statutes § 77.25(2), no transfer fee is due
on this transaction.
10.2 Recording Costs. All recording costs shall be paid by Buyer.
10.3 Title Insurance Commitment. The premiums required to provide title in the
condition called for in this Agreement, shall be paid by Seller.
10.4 'T'itle Insurance Policy- Endorsements. The premiums for policy endorsements
requested by Buyer shall be paid by Buyer.
10.5 Title Insurance Gala Coverage. The premiums due the title insurance company
for extending down the date of the Commitment and the policy to the Closing
Date or the date of recording the conveyance, whichever is later, shall be paid by
Buyer. i
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10.6 Professional Fees. All professional fees shall be paid by the party for whom the
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professional is working, unless otherwise agreed by the parties in writing.
11. Possession Date. Seller shall deliver possession of the Property to Buyer on the Closing t
Date.
12. Closing Contingencies. The closing is contingent on the items listed in Paragraph 3 of
this Agreement having been satisfied.
13. Default.
13.1 Buyer's Remedies. If Seller defaults under this Agreement, including a failure to
close the sale of the Property as required, and fails to cure such default within. 10
days after receipt of written notice from Buyer, then-Buyer at its sole discretion,
may do any of the following:
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13.1.1 Terminate this Agreement by giving written notice of termination to Seller
in which event the Seller and Buyer shall be released from their liabilities
and obligations under this Agreement.
13.1 .2 Enforce specific performance of this Agreement against the Seller.
13.1.3 Pursue any and all rights and remedies available at law or in equity.
13.2 Seller's Remedies. If Buyer defaults under this Agreement, including a failure to
close the sale of the Property as required, and fails to cure such default within 10
days after receipt of written notice from Seller, then Seller at its sole discretion,
may do any of the following:
13.2.1 Terminate this Agreement by giving written notice of termination to Buyer
in which event the Seller and Buyer shall be released from their liabilities
and obligations under this Agreement.
13.2.2 Enforce specific performance of this Agreement against the Buyer.
13.2.3 Pursue any and all rights and remedies available at law or in equity.
14. Risk of Loss. If the Property is damaged by fire, flood or other casualty between the date
of this Agreement and the Closing Date, then Buyer may, at Buyer's option, do one of the
following:
14.1 Proceed to Closing. Buyer may accept title to the Property without any
abatement in the Purchase Price. At closing, Seller's rights to any insurance
proceeds to be paid as a result of the casualty shall be assigned to Buyer, and the
Purchase Price shall be reduced by the amount of any insurance proceeds
previously received by Seller as a result of the casualty; or
14.2 Termination. Buyer may terminate this Agreement. Seller and Buyer shall be
released and discharged from all liabilities and obligations under this Agreement.
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15. Notices. All notices and other communications required or permitted to be given under
this Agreement shall be in writing or by facsimile and shall be deemed to have been duly
given if delivered in person to the individuals listed below; sent postage prepaid by
United States certified mail, return receipt requested; sent for receipted delivery on the
next business day with a nationally-recognized express courier; or sent to the party's
facsimile number or email address (and sender shall bear the burden of proof of delivery).
All notices shall be sent to the following addresses or numbers, until the addresses are
changed by 30 days' notice.
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15.1 Buyer. To Buyer: Contact Communications, Inc.
c/o Robert Bliss
1440 Lakeview Avenue
Minneapolis, MN 55416
Fax No.:
Email: blissly@gmail.com
15.2 Seller. To Seller: St. Croix County
c/o Patrick Thompson i
1101 Carmichael Road
Hudson, WI 54016
Fax No.: 715-381-4301
Email: Patrick.Thompson@co.saint-croix.wi.us
With a copy to: Bakke Norman, S.C.
c/o Thomas R. Schumacher
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P.O. Box 54
Baldwin, WI 54002 i
Fax No.: 815-927-0411
Email: tschumacher@bakkenorman.com j
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15.3 Date of Notice. Notices shall be deemed given as of the date the notice is 's
postmarked, if sent by certified mail; the date it is placed with an express courier,
if sent by express courier; the date of the facsimile transmission, if sent by
facsimile; or on the date delivered, if personally delivered. If the last day for
giving any notice or taking any action required or permitted under this Agreement
would otherwise fall on a Saturday, Sunday or legal holiday, that last day shall be
postponed until the next legal business day.
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16. Miscellaneous.
16.1 Entire Agreement; Enforceability; Modificatioh. This Agreement, including
any recitals and any attached exhibits, all of which are made a part of this
Agreement, contains the entire Agreement of the parties concerning this subject
matter. This Agreement should be read carefully because only those terms in
writing in this Agreement are enforceable. No other terms or oral promises which ;
are not in the Agreement may be legally enforced and no promises, projection,
inducements or representations made before the date of this Agreement will
change the terms of this Agreement or be binding on any party. No promises or
other terms shall be implied in this Agreement. No amendment of this Agreement '
shall be binding unless it is in writing and signed by the party against whom
enforcement is sought.
16.2 Survival; No Merger. The terms of this Agreement shall survive and be
enforceable after the closing and shall not be merged in the closing.
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16.3 Governing Law. This Agreement and any other documents related to its subject
matter shall be interpreted and enforced in accordance with the laws of the State
of Wisconsin.
16.4 Severability. The invalidity or unenforceability of one provision of this
Agreement will not affect the validity or enforceability of the other provisions.
16.5 Time of the Essence. Time is of the essence with respect to all matters provided
in this Agreement.
16.6 Construction. This Agreement shall not be interpreted in favor of or against
either Seller or Buyer merely because of their respective efforts in preparation.
Each and every provision of this Agreement has been negotiated by each party
and as such each and every provision has essentially been drafted by both parties,
and any statutory or common-law presumption under which this Agreement
would be construed in favor of, or against, either party is waived by each party.
16.7 Captions, Gender, Number, Language of Inclusion and "Day". The
paragraph numbers and captions are inserted only as a matter of convenience and
do not in any way define, limit or describe the scope or intent of this Agreement.
Any reference to a gender shall include both genders. Any reference to the
singular shall include the plural and the plural shall include the singular. The
word "including" shall mean "including without limitation." The words "day" or
"days" shall mean "calendar day(s)" unless preceded by the word "business."
16.8 Binding Effect. This Agreement shall both bind and benefit the parties to this
Agreement and their respective heirs, personal representatives, successors, and
permitted assigns. The parties do not intend that there be any third party or other
beneficiaries of this Agreement except the parties to this Agreement and their
respective heirs, personal representatives, successors and permitted assigns. The
covenants, agreements, conditions, terms, obligation, limitations and undertakings i
in this Agreement shall be construed as covenants running with the land.
16.9 Waivers; Consents. A party shall not be deemed to have made a waiver, consent
or approval under this Agreement unless it does so in writing, and the mere failure
of a' party to act to enforce any provision of this Agreement shall not be
considered a waiver, consent or approval and shall not prevent that party from
enforcing any provision of this Agreement in the future. Any waiver, consent or
approval under this Agreement shall apply only to the matter expressly waived,
consented to or approved, and shall not be deemed to be a waiver, consent or
approval of any subsequent breach or of any other provision of this Agreement.
16.10 Counterparts. This Agreement may be executed in several counterparts, each of
which shall be deemed an original and all of which together shall constitute one
and the same instrument.
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17. No Offer. The submission of this Agreement for examination and negotiation does not
constitute an offer to enter into an agreement, and this Agreement shall not be binding on
any party until it is executed and delivered by each party to this Agreement.
;SIGNATURES APPEAR ON F®LL0W17VG PAGE
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BUYS :
Dated:
CONTACT COMMUNICATIONS, INC.
By: Robert Bliss
Its: Chief Executive Officer
SELLER:
Dated:
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ST. CROIX COUNTY
By: Daryl Standafer, Board Chair
By: Cindy Campbell, County Clerk
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LIST OF EI'TS !
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Legal Description - Exhibit A
Non-Foreign Certification - Exhibit 8.2.2
OFAC Certification - Exhibit 9.2 {
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Exhibit A
LEGAL DESCRIPTION
A parcel of land located in the Southeast 1/4 of the Southeast 1/4 (SE 1/4 of SE 1/4) of Section 15,
Township 30 North, Range 16 West, Town of Emerald, St. Croix County, Wisconsin, described
as follows: Lot 1 of Certified Survey Map filed in the St. Croix. County Register of Deeds
Office in Volume 2, Page 542 as Document No. 346252.
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Exhibit 8.2.2 l
CERTIFICATION
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T4: Contact Communications, Inc,
Section 1445 of the Internal Revenue Code provides that a transferee or buyer of a U.S. real j
property interest must deduct and withhold tax from the amount it pays to a transferor or seller if {
the seller is a foreign entity. A buyer is exempt from this requirement if it receives an affidavit k
from the seller stating that the seller is not a foreign entity. To induce you, as buyer, to refrain j
from deducting and withholding the tax upon the disposition of the Property, as defined in the
attached Agreement, St. Croix County ("Seller") hereby certifies to you that:
1. Seller is not a foreign corporation, foreign partnership, foreign trust or foreign
estate (as those terms are defined in the Internal Revenue Code and Income Tax j
Regulations). j
2. Seller's U.S. Employer Identification Number is:
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3. Seller's office address is: 1101 Carmichael Road, Hudson, WI 54016.
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Seller understands that this certification may be disclosed to the Internal Revenue Service by you,
and that any false statement contained in this certification could be punishable by fine,
imprisonment, or both.
Under penalties of perjury, Patrick Thompson declares: that he has examined this certification; to
the best of his knowledge and belief, it is true, correct and complete; and he has the authority to
sign this document on behalf of Seller.
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Dated:
ST. CROIX COUNTY I
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By: Patrick Thompson I,
Its: County Administrator
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Exhibit 9.2
OFAC CERTIFICATION
Contact Communications, file. ("Buyer') is not identified on the list of specially designated
nationals and blocked persons or entities subject to financial sanctions that is maintained by the
U.S. Treasury Department, Office of Foreign Assets Control and any other similar list
maintained by the Office of Foreign Assets Control pursuant to any authorizing United States
law, regulation or Executive Order of the President of the United States ("OFAC List") nor is
Buyer subject to trade embargo or economic sanctions pursuant to any authorizing United States
law, regulation or Executive Order of the President of the United States.
Dated:
CONTACT COMMUNICATIONS, INC.
By: Robert Bliss
Its: Chief Executive Officer
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http://www. ustreas. Gov/offices/enforcement/ofac/sdiV i
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Property Address: 1508 250th Street, Town of Emerald
Seller: St. Croix County
Seller Address: 1101 Carmichael Road, Hudson, WI 54016
Seller ID Nos.:
Buyer: Contact Communications, Inc.
Buyer Address: 1440 Lakeview Ave., Minneapolis, MN 55416
Buyer ID Nos.:
Closing Date: May 1, 2012
Buyer's Statement
Debit Buyer Credit Buyer
Sale Price 12,000.00
Down Payment 9,000.00
Miscellaneous (buyer exp.) -
Miscellaneous (seller exp.) _
Real Estate Tax Proration _
Appraisal Fee -
Inspection Fee -
Lender's Title Insurance -
Recording Fees 30.00
Title Company Closing Fee -
Attorney Fees -
Cash from Buyer 3,030.00
_ 12,030 00 12,030.00
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~ ~u`~ i.. c ~tL'. .1+-``n?. SRC aY~7 N sl ~ `ti t ~,1M C'S lht~~ ,y j A ^t 2i C~f 7.~9 7N"7F ~.~t~ ~.i 1 `~T"t+.~
1..:~:!.If y. ua..n.~ _ vlr... _..-''d_.....i..L_...t 7. vSYnL .'.iihr _~?~.f+i"y .94~,. 4.-.-.....-.F vt`...3 ....~n e4. ~.~Yn 1 Ohl i~ Yt.iL..c L::....I..~
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This statement is accepted as correct.
Contact Communications, Inc.
By: Robert Bliss
Its:
BALDWIN - MENOMONIE - NEW RICHMOND
www.bakkenorman.com
BAIL'- 4~,,, O NJf_l~N
Property Address: 1508 250th Street, Town of Emerald
Seller: St. Croix County
Seller Address: 1101 Carmichael Road, Hudson, WI 54016
Seiler ID Nos.:
Buyer: Contact Communications, Inc.
Buyer Address: 1440 Lakeview Ave., Minneapolis, MN 55416
Buyer ID Nos.: i
Closing Date: May 1, 2012
Sellers Statement
Debit Seller Credit Seller
Sale Price 12,000.00
Down Payment 9,000.00
Miscellaneous (buyer exp.) -
Miscellaneous (seller exp.) -
Real Estate Tax Proration -
Mortgage Payoff -
Title Company Closing fee -
Owner's Title Policy 380.00
Recording Fees -
Transfer Tax' $0.00
Broker Commission -
Attorney fees - POC
Cash to Seller 2,620.00
12,000.00 12,000.00
t-^ `L1c r ♦ v .ads Z^"' - ,..e: f-{,.`'3^ .7- V- yr : - 7 rke^r`V s _ r' i t ,r f . ~r f.T'.s- »
This statement is accepted as correct.
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St. Croix County St. Croix County
By: Daryl Standafer By: Cindy Campbell
Its: County Board President Its: County Clerk
BALDWIN - MENOMONIE - NEW RICHMOND
www.bakkenorman.com
BAKKE 4~,~-NO MsN
Property Address: 1508 250th Street, Town of Emerald
Seiler: St. Croix County
Seller Address: 1101 Carmichael Road, Hudson, WI 54016
Seller ID Nos.:
Buyer: Contact Communications, Inc.
Buyer Address: 1440 Lakeview Ave., Minneapolis, MN 55416
Buyer ID Nos.:
Closing Date: May 1, 2012
Cash Reconciliation
Cash from Buyer 3,030.00
Mortgage Payoff -
Appraisal Fee _
Inspection Fee _
Broker Commission -
Recording Fees (30.00)
Buyer Attorney Fees -
Seller Attorney Fees -
Transfer Fee _
Title Insurance & Closing Fee _ (380.00)
Cash.to Seller 2,620.00
Down Payment to Seller 9,000.00
Total To Seller 11,620.00
Calculation for proration of taxes:
Pa rcel:010-1037-90-000
Total Taxes $ _
Taxes per day $ _
First day of the year 1-Jan-12
Date of proration 1-May-12
Total Days 121
Prorated taxes $ _
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BALDWIN - MENOMONIE - NEW RICHMOND
www.bakkenorman.com
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File No: 122395
AMENDED TITLE INSURANCE COMMITMENT
BY
Fidelity National Title Insurance Company
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SCHEDULE A j
Prepared For:
Bakke Norman, SC
PO Box 54
Baldwin, WI 54002
Inquiries Should be Directed to:
ST. CROIX VALLEY TITLE SERVICES, INC.
109A N. Main Street
P.O. Box 750
River Falls, till 54022
715-425-1519 FAX 715-425-2569
Email: scut@scvtitle.com
1. Commitment Date: March 26, 2012, 7:00 am
2. Policy (or Policies) to be issued: Policy Amount
a. Owner's Policy $12,000.00
Proposed Insured: Contact Communications, Inc., a Minnesota corporation
b. Loan Policy
Proposed Insured: its successors and/or assigns
c. Proposed Insured:
3. Fee Simple interest in the land described in this Commitment is owned, at the Commitment Date, by St.
Croix County
4. The land referred to in the Commitment is described as follows:
LOT ONE (1) OF CERTIFIED SURVEY MAP IN VOLUME TWO (2) OF CERTIFIED SURVEIL' MAPS,
PAGE 542, AS DOCUMENT NUMBER 346282, FILED IN ST. CROIX COUNTY REGISTER OF
DEEDS OFFICE ON JANUARY 27, 1978, BEING LOCATED IN THE SOUTHEAST QUARTER OF
THE SOUTHEAST QUARTER (SE'/4 OF SE'/a) OF SECTION FIFTEEN (15), TOWNSHIP THIRTY (30)
NORTH, RANGE SIXTEEN (16) WEST, TOWN OF EMERALD.
Subject to 250th Street right of way.
St. Croix County, Wisconsin.
For Your Information: 1503 250th Street
Glenwood City, WI 54013
Countersigned
ST. CROIX VALLEY TITIL SERVICES, INC.
By
Adthorhfed Signatory
AWRICAN
t A.ND TI'r Lt
Copyright 2006-2009 American Land Title Association. All rights reserved. ciA00N
The use of this Form is restricted to ALTA licensees and ALTA members Nr
in good standing as of the date of use. All other uses are prohibited. FRI
Reprinted under license from the American Land Title Association.
ALTA Plain Language Commitment (6-17-061 Page 1 of 3
Schedule A
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File fro: 122395
AMENDED TITLE INSURANCE COMMITMENT
BY
Fidelity National Title Insurance Company
SCHEDULE B - SECTION I
REQUIREMENTS
The following requirements must be met:
1. Pay the full consideration to, or for the account of, the grantors or mortgagors.
2. Pay all taxes, charges, assessments, levied and assessed against subject premises, which are due and 1
payable. I
3. Satisfactory evidence should be had that improvements and/or repairs or alterations thereto are
completed; that contractor, sub-contractors, labor and materialmen are all paid; and have released of
record all liens or notice of intent to perfect a lien for labor or material.
4. Instrument(s) creating the estate or interest to be insured must be executed and filed for record, to-wit:
1
a. Warranty Deed from St. Croix County vesting fee simple title in Contact
Communications, Inc., a Minnesota corporation.
DOTE: The Company must be supplied with a certified copy of a proper
corporate resolution authorizing said conveyance/mortgage.
i
5. Satisfaction and release of record of the following:
NONE
Ail..2IC:AN
LAND rITLE
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited.
Reprinted under license from the American Land Title Association.
ALTA Plain Language Commitment (6-17-06) Page 2 of 3
Schedule 8 - Section I
i
a
File No: 122395
AMENDED TITLE INSURANCE COMMITMENT
BY
Fidelity National Title Insurance Company
SCHEDULE B - SECTION ll
EXCEPTIONS
Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction,
1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, firgt appearing in the public records or attaching subsequent to the
effective date hereof but prior to the date the proposed insured acquires for value of record the estate or interest or mortgage thereon covered by this
Commitment.
2. Special taxes or assessments, if any, payable with the taxes levied or to be levied for the current and subsequent years.
3. Liens, hook-up charges or fees, deferred charges, reserve capacity assessments, impact fees, or other charges or fees due and payable on
the development or improvement of the land, whether assessed or charged before or after the Date of Policy. The company assures the
priority of the lien of the insured mortgage over any such lien, charge or fee.
4. Any lien or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public
records.
5. Rights or claims of parties in possession not shown by the public records.
6. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete
land survey of the Land.
7. Easements or claims of easements not shown by the public records.
8. Any claim of adverse possession or prescriptive easement.
SPECIAL EXCEPTIONS:
1. Taxes for the year 2012 and subsequent years, which are not yet due and payable. (See tax
siip1s) For your information: 010-1037-90-000
2. Covenants, conditions, restrictions, building lines, easements, assessments and notes, if any, created or
disclosed by Certified Survey Map in Volume 2, page 542, as document number 346282.
3. Subject to 250th Street right of way.
AMERICAN
LAISD TIT LC
Copyright 2006-2009 American Land Title Association. All rights reserved. ~r~uc i.etnrn
The use of this Form is restricted to ALTA licensees and ALTA members
in good standing as of the date of use. All other uses are prohibited. '
Reprinted under license from the American Land Title Association.
ALTA Plain Language Commitment (6-17-06) Page 3 of 3
Schedule B - Section 11