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<br /> 69Ç <br />5. CLOSING. - <br />a. The parties hereto shall use their best efforts to close the stock purchase <br />transaction herein provided for by January 31, 1997; provided, however, the <br />parties shall have an additional sixty (60) days with which to <?omplete the <br />transfer, sale and conveyance of stock from Seller to City in the event that <br />closing cannot be achieved by said date by reason of the City's continued due <br />diligence analysis of Utility's assets and liabilities and/or the structuring of the <br />City's financial process by which the stock acquisition is to be funded. <br />b. On or prior to the date of closing, Seller shall furnish to the City <br />(i) a printout of Utility's year-end general ledger for fiscal year 1996, a <br /> printout of Utility's general ledger for fiscal year 1997, current through the <br /> . <br /> date of closing, and a copy of Utility's current, up-to-date computer billing <br /> program and database, <br />(ii) a copy of all instruments documenting real property interests owned or <br /> controlled by the Utility that are not listed on the inventory accompanying <br /> the Exhibit "C" attached to this agreement, <br />(iii) all of Utility's plans for all existing utility plant in service, <br />(iv) all_of Utility's federal tax returns through the Utility's latest tax year ending <br /> September 30, 1996, and an estimated federal tax return f~)f tax year <br /> 1997, with supporting schedules, to the date of closing, which returns and <br /> estimated return shall be subject to verification by City and which shall be <br /> furnished to City within thirty (30) days of the effective date of this <br /> -- <br /> -7- <br />