HomeMy WebLinkAboutCLOSING STATEMENT 1840 WYLDS ROAD ATLANTA GAS LIGHT COMPANY
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CLOSING STATEMENT
December 18, 2007
Of real property located at 1840 Wylds Road, Augusta, Richmond County, Georgia, and
described on Exhibit "A" being purchased by AUGUSTA, GEORGIA from ATLANTA GAS
LIGHT COMPANY, a Georgia corporation.
PURCHASER'S SETTLEMENT STATEMENT
SALES PRICE:
$1,700,000.00
LESS:
Earnest Money:
($20,000.00)
Total:
CASH DUE FROM PURCHASER:
( 20,000.00)
$1.680.000.00
SELLER'S SETTLEMENT STATEMENT
SALES PRICE:
$1,700,000.00
LESS:
Earnest Money applied
to Purchase Price:
($
0.00)
Real Estate Commission of 6%
to Nichols Land & Investment Co. ($102,000.00)
Georgia Transfer Tax: ($ 1,700.00)
Total Reduction: ($ 103,700.00)
CASH DUE TO SELLER: $1.596.300.00
Notes:
1. As the subject property is exempt from ad valorem property, taxes are not
prorated. Purchaser to be responsible for subsequent year taxes.
L.
Closing Statement
Atlanta Gas Light Company To Augusta, Georgia
December 18, 2007
Page Two
2. Seller and Purchaser hereby acknowledge that each has read and approved the
foregoing Closing Statement and agree that it accurately reflects the substance of
the financial aspects of the transaction contemplated by the parties and the parties
hereby approve and direct the Closing Attorney to disburse the proceeds and
expense of the sale and purchase in accordance with this Closing Statement. No
responsibility is assumed by the Closing Attorney for the accuracy of the figures
obtained from others. Seller and their agents, in receiving the funds disbursed
herein, release the Purchaser and the Closing Attorney from any claims against
the funds disbursed herein.
ATLANTA GAS LIGHT COMPANY,
a Georgia corporation
BY:
ITS:
(CORPORATE SEAL)
AUGU~T A,jEORGIA
By: ~~
Its: Mayor