2563-19 Agreement of Sale - Rock Spring Club to West Orange 2-13-19 Final.pdf

2019.02.13 Rock Spring Club to West Orange 2-13-19 3 One Riverfront Plaza Newark, New Jersey 07102 Attention: Jason L. Sobel, Esq. Tel. No.: (973) 643-5295 E-mail: JSobel@sillscummis.com and Christopher P. Gengaro Lentz & Gengaro LLP 347 Mt. Pleasant Avenue, Suite 203 West Orange, New Jersey 07052 E-mail: cpg@lentzgengaro.com (h) “Buyer’s Notice Address” shall be as follows, except as same may be changed pursuant to the Notice section herein: Township of West Orange 66 Main Street West Orange, New Jersey 07052 Attention: Karen J. Carnevale, Municipal Clerk Email: KCarnevale@westorange.org With a copy at the same time to: Kenneth Kayser, Assistant Township Attorney 66 Main Street West Orange, New Jersey 07052 Tel. No.: (973) 325-9976 Email: kenkayser@verizon.net 2. Proration of Expenses and Payment of Costs and Recording Fees. (a) Prorations. Seller and Buyer agree that all real estate taxes and assessments (including water and sewer charges that are a lien against the Property) shall be prorated on a calendar-year basis, or other basis as appropriate, as of midnight on the day immediately preceding the date of Closing. If Closing shall occur before the actual taxes and assessments (including water and sewer charges that are a lien against the Property) payable during such year are known, the apportionment of taxes and assessments (including water and sewer charges that are a lien against the Property) shall be upon the basis of taxes and assessments (including water and sewer charges that are a lien against the Property) for the Property payable during the immediately preceding year, provided that if the taxes and assessments (including water and sewer charges that are a lien against the Property) payable during the year in which Closing occurs