C153739 Contract - Laserfiche WebLink

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, . . AGREEMENT -.rJ THIS AGREEMENT is made this ~ day of October 19...2JL, by and between Aristrocrat Ranchette Water Proiect, Inc. whose address, for the purpose of this Agreement is P 0 Rox 247, Ft Lu~ton, CO 80621 hereinafter referred to as the "Buyer" and ShuTtz Farm. Inc. whose mailing address, for the purpose of this Agreement is 21475 Weld Countv Road 19. Milliken. CO 80543 hereinafter referred to as the "Seller." WIT N 6 SSE T H: WHEREAS, Seller has a contract feet. of the Northern Colorado Water Colorado - Big Thompson (C-BT), and right to receive 100 Conservancy District, acre a/k/a WHEREAS, Buyer des ires desires to sell to Buyer 30 Water Conservancy District. "Water", under the following to purchase from Sell er and Seller acre feet of the Northern Colorado l1ereinafter referred to as the te.rms and conditions: NOW, THEREFORE, it is agreed as fo II ows: I. Purchase Price. $3.500.00 per acre as fo Ilows: Buyer agrees to pay Seller for the Water, foot, t:otaling $105,000.00 , payable a. $ 10.500.00 , payable by October 16 deposited and held by Jacobucci Water Brokers, Inc. in account as earnest money and part payment for the Water. 19~ to be its escrow b. The remaining balance certified funds to be deposited Brokers, Inc. in its escrow account closing. of $94,500.00 and he I d by November 12 in cash or Jacobucci Water 19~ until c. Approval of the transfer of the Water shall take place at the Northern Colorado Water Conservancy District monthly meeting, to be held November 13 _' I<J~~_, after which final title and lien checks will be made. The balance of the purchase price held by Jacobucci Water Brokers, Inc. in its escrow account shall be disbursed at closing, approximately November 27 , 19~, but no later than December 4 , 19~. 2. Buyer and Seller warrant that they wi II use thei r best efforts to obtain necessary sign~tures and releases of lien holders to complete the transfer of the Water. If aJ I liens are not released and signatures are not obtained, satisfactory to the Buyer, then this Agreement shall be null and void and any funds held as earnest money or other deposi ts shal] be returned to the Buyer.