Agmt00 Irvine Apartment Communi - Laserfiche WebLink

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Parcel in an amount and on terms and conditions acceptable to IAC in IAC's sole and absolute discretion. F. IAC shall have obtained all necessary permits and approvals from third party jurisdictions necessary to construct the IAC Project, including, without limitation, adequate sewer and water for the Acquisition Parcel, or shall have obtained evidence satisfactory to the Agency and IAC of IAC's ability to obtain such permits and approvals. G. All rights of way related to the Acquisition Pazcel shall have been abandoned by the City where such is contemplated by this Agreement. H. The Agency shall have timely tendered conveyance of title or possession of the Acquisition Parcel on the terms and conditions set forth in this Agreement. I. IAC shall have conducted its Site Feasibility Assessment and approved the condition of the Acquisition Pazcel, including, without limitation, any conditions which may be present thereon, as provided in Section 303, and notified the Agency of its Election to Proceed. J. IAC shall have approved the budgets for all costs for which IAC is responsible under this Agreement. §403 IAC's Duties IAC shall pay in Escrow or deliver to the Escrow Agent the following fees, charges, costs and documents related to the Acquisition Pazcels promptly after the Escrow Agent has notified IAC of the amount of such fees, chazges and costs, but not earlier than ten(10)days prior to the scheduled date for the close of Escrow as set forth in the Schedule of Performance: A. The escrow fee; B. The premium for the title insurance policy as set forth in Section 314 of this Agreement; C. Recording fees; D. Notary fees; E. Ad valorem taxes and assessments and possessory interest taxes, if any, upon the Acquisition Parcels, to the extent IAC is responsible for the payment thereof in accordance with the provisions of Section 510; and — F. Any transfer tax. _ §404 Agency's Duties The Agency shall in accordance with this Agreement timely and properly execute, acknowledge and deliver a Grant Deed or Grant Deeds in substantially the form established in Section 312 of this Agreement conveying to IAC title to the Acquisition Parcels in the condition required by Section 313 of this Agreement, together with an estoppel certificate certifying that 19 9627:83976.25