(a) All fees and costs associated with a sale or lease under this chapter shall be paid by the purchaser or lessee. Such costs include but are not limited to: (1) appraisals and other valuation costs, (2) auctioneer fee, (3) survey, (4) attorney’s fees and costs, (5) title insurance, (6) advertising, (7) recording fees, (8) escrow fees, and (9) closing costs. The Finance Director shall maintain a record of such costs.

(b) For sales or leases of enterprise property, the successful bidder or proposer, as applicable, shall have a period of 15 days after receipt of notice that its proposal has been accepted in which to pay the Finance Director an estimated amount equal to the City of Saint Paul’s fees and costs associated with the sale or lease of the enterprise property. The Finance Director shall periodically advise the successful proposer of the need to make additional payments prior to closing or lease execution, as applicable. The successful proposer’s failure to pay any amounts requested under this section within the time required shall be grounds to (1) stop the disposal process, or (2) terminate such person’s rights to acquire the enterprise property to be sold or leased as determined by the City Manager. [Code 1979 § 6.07.100.]