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AgdaPkt 2013-07-22
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AgdaPkt 2013-07-22
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Last modified
8/23/2013 5:12:30 PM
Creation date
7/19/2013 3:15:07 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council
Date
7/22/2013
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7.A. - Page 152 <br /> 3.4.12 Settlement/Closin� Statement. The City approves the Escrow Agent's <br /> final estimated closing/settlement statement; <br /> 3.4.13 Consistencv Findin�. The Planning Commission of the City has <br /> determined that the disposition of the City Property to the Developer pursuant to this Agreement <br /> is consistent with the City's General Plan, in accordance with Government Code Section 65402; <br /> 3.4.14 Parkin� Covenant and A�reement. The parties have executed and <br /> deposited into Escrow the Parking Covenant and Agreement in substantially the form attached <br /> hereto as Exhibit I; <br /> 3.4.15 License A�reement for Winslow Lot. The parties have executed and <br /> deposited into Escrow the License Agreement for Winslow Lot in substantially the form attached <br /> hereto as Exhibit J; <br /> 3.4.16 Environmental Holdback A�reement; The parties have executed and <br /> deposited into Escrow the Environmental Holdback Agreement in substantially the form attached <br /> hereto as Exhibit K; and <br /> 3.4.17 Developer's Material Obli at� ions. The Developer performs all of its <br /> other material obligations required to be performed by the Developer under this Agreement prior <br /> to the Close of Escrow. <br /> 3.5 Developer's Escrow Deposits. At least one (1) business day prior to the Escrow <br /> Closing Date, the Developer shall deposit the following described funds and documents into the <br /> Escrow, or deliver to the City, as applicable: <br /> 3.5.1 Purchase Price. The Purchase Price, plus any additional funds <br /> required to be deposited into the Escrow; <br /> 3.5.2 PCO Report. A PCO Report executed by the authorized <br /> representative(s) of the Developer; <br /> 3.5.3 Insurance Documents. Any copies of insurance policies or original <br /> certificates of insurance required to be delivered to the City by the Developer on or before the <br /> Close of Escrow, pursuant to Section 2.6; <br /> 3.5.4 Acceptance of Citv Deed. Developer's acceptance of the provisions of <br /> the City Deed (Exhibit E), executed by the authorized representative(s) of the Developer in <br /> recordable form; <br /> 3.5.5 Notice of A�reement. The Notice of Agreement (Exhibit F) executed <br /> by the authorized representative(s) of the Developer in recordable form; <br /> 3.5.6 Loan Mort�a�e. If applicable, a Mortgage securing repayment of the <br /> Senior Loan, if applicable, executed by the authorized representative(s) of the Developer in <br /> recordable form, to be recorded against the Site at the Close of Escrow (if not previously <br /> recorded); <br /> 82483.00009\7571312.11 24 <br /> ATTY/AGR/2013.118/BLOCK 2 HUNTER STORM <br /> REV: 07-19-13 PT <br />
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