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6447
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6447
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Last modified
12/6/2004 2:50:03 PM
Creation date
11/5/2014 12:23:40 PM
Metadata
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Template:
City Ordinances
Passed
10/20/2003
Ordinance Number
6447
Bill Number
8679
Introdate
9/29/2003
Description
approving a contract to purchase 6826 chamberlain court by the city, and authorizing the expenditure of cityfunds for the purchase - Sutter-Meyer House purchase
Introduced By
Welsch
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Lawyers Title Insurance Company <br /> <br />COMMITMENT <br /> <br />SCHEDULE B-II <br /> <br />Exceptions <br /> <br />Commitment No.: 88779 <br /> <br />16. Easement granted to Union Electric Co. as recorded in Book 3502, Page 323 and 324 of the St. Louis <br /> County Records. <br /> <br />17. Assessments for maintenance of sanitary sewer systems, if any. <br /> <br />18. Assessments by trustees of said subdivision, if any. <br /> <br />19. The following figures are furnished for informational purposes only: <br /> Locator # 17J310591 <br /> Assessed Valuation: $10,990 (02) <br /> Rate: 7.195 <br /> City of University City <br /> Rate: .963 <br /> <br />20. PLEASE READ THE EXCEPTIONS AND THE TERMS SHOWN OR REFERRED TO <br /> HEREIN CAREFULLY. THE EXCEPTIONS ARE MEANT TO PROVIDE YOU WITH <br /> NOTICE OF MATTERS WHICH ARE NOT COVERED UNDER THE TERMS OF THE <br /> TITLE INSURANCE POLICY AND SHOULD BE CAREFULLY CONSIDERED. <br /> <br />STANDARD EXCEPTIONS NOTE: Item 2 will be deleted from Title Insurance Policy. Items 4 and 5 <br />will be eliminated from policy provided an appropriate currently certified survey is presented and found <br />to be acceptable to the company. Items 3, 6, and 7 may be eliminated from the policy provided there is <br />no new construction and further provided we are furnished an appropriate affidavit concerning <br />possession and construction. We require full payment of premiums as a condition to the issuance of <br />policies pursuant to this commitment. Policies will not be issued until we have received payment of said <br />premiums. <br /> <br />CLOSING INFORMATION NOTE: If the closing for the subject property is to be conducted by <br />Investors Title Insurance Company, we require all monies due from the purchase to be in the form of a <br />Cashier's Check, Certified Check or Wire Transfer. If the sale proceeds for any "payoffs" pursuant to <br />the closing require "Good Funds", then monies received by us for such must be by bank or wire transfer. <br /> <br />The above applies to all closing unless other specific arrangements are made. Due to wide variances in <br />banking practices and lack of control over funds "on the wire" we cannot accept financial responsibility <br />for delays in the clearing of funds. <br />This commitment is invalid unless the Insuring Provisions and Schedules A and B are attached. <br /> <br />Schedule B2 consists of 2 page(s) <br /> <br /> <br />
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