Common use of Notice Regarding Soils Conditions Clause in Contracts

Notice Regarding Soils Conditions. No later than delivery of the Project Documents package, Seller will deliver a soils analysis and site recommendation report, or a summary thereof (the “Soils Report”), on the Resort site from a licensed geotechnical engineering firm. The Soils Report was prepared by CTL Thompson and is dated June 4, 2008, as updated. If the Soils Report reveals a significant potential for expansive soils at the site, Seller also shall have delivered to Purchaser the publication required by C.R.S. § 6-6.5-101(1). Purchaser hereby acknowledges that Purchaser understands that soils within the State of Colorado may consist of both expansive soils and low-density soils which may result in shifting or other movement of the foundation or otherwise result in damage to the structural or other parts of the Unit if the Unit and property upon which it sits are not properly maintained.

Notice Regarding Soils Conditions. No later than delivery of the Project Documents package, Seller will deliver a soils analysis and site recommendation report, or a summary thereof (the “Soils Report”), on the Resort site from a licensed geotechnical engineering firm. The Soils Report was prepared by CTL Thompson Xxxxxxxx and is dated June 4, 2008, as updated. If the Soils Report reveals a significant potential for expansive soils at the site, Seller also shall have delivered to Purchaser the publication required by C.R.S. § 6-6.5-101(1). Purchaser hereby acknowledges that Purchaser understands that soils within the State of Colorado may consist of both expansive soils and low-density soils which may result in shifting or other movement of the foundation or otherwise result in damage to the structural or other parts of the Unit if the Unit and property upon which it sits are not properly maintained.