Fair View Meadows 2nd Addition

Zoned: R3 – Residential Subdivision

Alton Economic Development Corporation 905 Third Avenue Alton, IA 51003 712-756-4314

• $1,000 earnest money.
• Rebate(s) are available only to the original owner of the lot.
• To receive rebate(s), construction must be completed within 18 months after closing.
• Closing must be within 90 days of purchase agreement.
• Rebate(s) are paid after Alton’s Building Code Enforcement official does final inspection, signs off, and rebate application is submitted to AEDC.
• Restrictive covenants applicable.

Purchase agreement subject to seller’s right to buy back property for the original purchase cost less expenses incurred to reacquire the property, in the event buyer does not begin construction of a home on the property within 18 months of closing. Parties will enter into a written agreement memorializing the terms of this provision, which will be recorded with the Sioux County Recorder. This provision will be binding on subsequent purchasers of the property.