2009 07 10 Bethel term sheet .pdf

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Rainierview Christian Church
Purchase and Sale Terms
Revised July 10, 2009

Terms:
1

.

Distri ct agrees to pay taxes to take the entire 80+ acres out of Ag. Tax Designation

2. District will pay for Engineering

and Attorney costs associated with the lot segregation and

minor amendment to the CIJP

3.

District agrees to prepare a purchase and sale agreement in-lieu of condemnation.

4.

Contingencies

5.

Closing

6.

District will include a five day performance clause with standard requirements.

7.

Sales price per acre - $20,000.00

8.

The District will purchase between 50 and 60 acres, depending on lot layout

a. Phase I Environmental Assessment to be completed by District
b. Church provides the District with all environmental reports for the sites.
i. Wetland Report
ii. Soils Report
c. District Soils Testing
d. Approvals by PC for BLA and Minor Amendment
e. Approval by PC for IJse Table Change allowing schools

a. 180 days or
b. lJpon removittg contingencies if sooner than the 180 days.

Ago Taxes(Appraisal pg 14)

S50,000。 00

Typical Closing Costs(8%)
50/ORE Co― ission

$96,000.00

Se

l。

80/O Sales Tax

O。

2%Title lns&Misc

gre gation/Minor Amendment

Value ofAdditional ltems Offer

$ 20。 000.00

S1669000。 00


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