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7.A. - Page 125 <br /> TABLE OF CONTENTS <br /> Page <br /> TABLEOF CONTENTS ................................................................................................................I <br /> ARTICLE 1 GENERAL PROVISIONS ....................................................................................... 2 <br /> 1.1 Defined Terms . ................................................................................................... 2 <br /> 1.2 Deposit . ..............................................................................................................14 <br /> ARTICLE 2 PROPERTY DISPOSITION ................................................................................... 16 <br /> 2.1 Purchase and Sale . ........................................................................................... 16 <br /> 2.2 Payment of Purchase Price . ............................................................................ 17 <br /> 2.3 Title Approval . ................................................................................................... 17 <br /> 2.4 Developer Due Diligence Investigations ........................................................... 18 <br /> 2.5 Work Product. .................................................................................................. 20 <br /> 2.6 City Pre-Closing Document Approval . ............................................................ 20 <br /> ARTICLE 3 JO1NT ESCROW INSTRUCTIONS ...................................................................... 21 <br /> 3.1 Opening of Escrow . .......................................................................................... 21 <br /> 3.2 Escrow Agent Authority. The City and the Developer authorize the <br /> EscrowAgent to :.................................................................................................. 21 <br /> 3.3 Developer's Conditions to Close of Escrow . .................................................. 21 <br /> 3.4 City's Conditions to Close of Escrow . ............................................................ 23 <br /> 3.5 Developer's Escrow Deposits . ......................................................................... 24 <br /> 3.6 City's Escrow Deposits . ................................................................................... 25 <br /> 3 .7 Closing Procedure . ........................................................................................... 25 <br /> 3.8 Close of Escrow . ............................................................................................... 27 <br /> 3.9 Escrow Closing Costs, Taxes and Title Policy Premium . ............................. 27 <br /> 3.10 Escrow Cancellation . ....................................................................................... 27 <br /> 3.11 Escrow Notices . ................................................................................................ 27 <br /> ARTICLE 4 PROJECT DEVELOPMENT ................................................................................. 28 <br /> 4.1 Precise Plan . ...................................................................................................... 28 <br /> 4.2 Submittal of Plans, Drawings and Related Documents; Scale Model of <br /> Project. .............................................................................................................. 28 <br /> 4.3 City Approval of Development Plans. ............................................................ 28 <br /> 4.4 Developer to Obtain All Project Approvals ..................................................... 29 <br /> 82483.00009\7571312.11 i <br /> ATTY/AGR/2013.118/BLOCK 2 HUNTER STORM <br /> REV: 07-19-13 PT <br />