4719 Railway Av Terrain 0,12 ha À vendre Vermilion, AB T9X 1E6

OFFERING PROCESS
The Vendor, imperial Oil Limited (Imperial), will consider submission of EOI’s on Imperial’s standard form, which will be provided to
qualified Purchasers. Interested parties shall submit the EOI on terms wherein the Purchaser agrees to engage their own environmental
consultant to review and provide a remedial cost estimate, and including proposed site use post-closing, submiting an EOI knowing the
full extent of estimated remediation costs. It is expected that remediation costs will exceed tax assessed value of the Property. Subject
to review by the Vendor, an d if terms are deemed acceptable for recommendation to senior management, the Vendor will then instruct
their councel to perpare a formal OTP.
Alternative, in certain circumstances the Vendor may consider and will need to complete additional site assessment work, and/or
develop a suitable Risk Management Plan, which may be beneficial and to be adhered to by the Purchaser post-closing of a transaction;
depending on the site, these requirements may take up to 12 months from submision of an EOI/execution of OTP.
The Vendor may add to the OTP a Vendor’s Condition for such a RMP, to be waived upon completion/approval of the RMP; the RMP
approval will then commence the Purchaser’s Due Diligence Condition, relating to the then current site status and any constraints to be
imposed by the Vendor post-closing of the transaction. Any costs incurred by a Purchaser (environmental reviews, legal, etc) are borne
solely by the Purchaser and at the sole risk of the Purchaser. The Vendor will file a Restrictive Covenant upon closing, restricting future
petroleum uses on site