Purchaser's Application

Use this form if you are interested in purchasing property from the City of Medicine Hat. It is acknowledged that this Application is not an offer or a contract and does not constitute an interest in land. The purpose is to provide information to the City regarding your desire to purchase property, prior to negotiation of a formal Real Estate Purchase Contract. The completion and submission of this Form in no way obligates you to purchase the property in question and is not in any way binding upon the City. It is for information purposes only.

After you submit this Application, we will review your information and be in contact with you within 3 to 5 business days of the deadline for submissions to confirm whether or not the City is interested in negotiating a formal Real Estate Purchase Contract with you. A 'sample' copy of the City's standard Real Estate Purchase Contract is attached for your information. Any requested changes to this Contract must be set out in this Application. The City reserves the right to accept, amend, reject or negotiate any requested changes to the Contract, at its absolute discretion.

Land & Properties Department
THE CITY OF MEDICINE HAT
A Municipal Corporation, in the Province of Alberta
("the City")

As owner of address
Plan
Block
Lot
Ref #

Excepting thereout all mines and minerals ("the Property").

("the Purchaser" (legal name))
Address
Contact
Phone
Fax
Email (optional)

THE PURCHASER WISHES TO PURCHASE THE PROPERTY in accordance with the following terms and conditions.

$ , Price
$ , GST Payable
OR GST Registration No.

PAYABLE AS FOLLOWS:
$ , being 10% of the total Purchase Price to be paid by cheque to the City upon entering into a Real Estate Purchase Contract.
$ , Balance due on or before Closing Date. 10% per annum simple interest will be charged on overdue payments of the Purchase Price.

The Closing, Possession and Adjustment Date shall be the 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 day of January February March April May June July August September October November December , 2012 2013 .
Note the closing date must be within 3 months of Council approval. Any request by the Purchaser for an extension may require the Purchaser to pay an extension fee. When all terms and conditions of the Real Estate Purchase Contract have been satisfied, the City will provide the Purchaser's lawyer with a Transfer of the Land for the Property, subject to appropriate trust conditions.

The sale of the Property is subject to and conditional upon satisfaction or waiver of the following conditions precedent:

• Approval by City Council at an open meeting.
• The Purchaser completing any environmental or geotechnical assessments, testing or analysis in relation to the Property.
• The Purchaser obtaining the approval of the City's Manager of Land & Properties, at his absolute discretion, of the Purchaser's proposed development plans (including scaled and comprehensive site, elevation and landscaping plans) in relation to the Purchaser's Development.
• The Purchaser obtaining a development permit (without an appeal being filed) for the Purchaser's proposed development for the Property based upon the development plans approved by the Purchaser and the City's Manager of Land & Properties. Note this condition is for the benefit of the Purchaser and City.
  

We request that you identify if you request any additional conditions to be included in the City's Standard Real Estate Purchase Contract in the space provided below.

The Purchaser must commence construction of its development within twelve (12) months from the closing date, failing which the City has an option to buyback the Property for 90% of the original Purchase Price. Commencement of construction shall mean that all foundations required for the approved building(s) be completed and installed upon the Property. Please identify below the type of development you are proposing and square footage.

Are you prepared to meet the Development Guidelines that have been provided by the City? (select one).

Yes
No

Is a Real Estate Agent invloved? (select one)

Yes
No

If yes, please fill in the following information:

Real Estate Agent
Agent's Phone
Agent's Fax
Real Estate Firm
Amount of commission claimed $

If you have any questions or comments, please include them below.

Comment or Questions

Dated at the City of Medicine Hat, in the Province of Alberta, the 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 day of January February March April May June July August September October November December , 2012 2013 .