Laserfiche WebLink
TABLE OF CONTENTS <br />Page <br />ARTICLEI DEFINITIONS.................................................................................................1 <br />Section1.1 <br />Defined Terms...................................................................................... <br />l <br />ARTICLE II PROPERTY DISPOSITION............................................................................ <br />5 <br />Section 2.1 <br />Purchase and Sale................................................................................. <br />5 <br />Section 2.2 <br />Payment of Purchase Price .................................... <br />Section 2.3 <br />Seller's Representations and Warranties .............................................. <br />5 <br />Section 2.4 <br />Title Approval...................................................................................... <br />7 <br />Section2.5 <br />Survey.................................................................................................. <br />8 <br />Section 2.6 <br />City Due Diligence Investigations....................................................... <br />9 <br />Section 2.7 <br />Assignment ......................................................................................... <br />10 <br />Section 2.8 <br />Withholding Requirement.............................................................. <br />10 <br />Section 2.9 <br />Community Facilities District Cooperation.......................................10 <br />Section 2.10 <br />Disclaimer of Warranty......................................................................10 <br />ARTICLE III JOINT ESCROW INSTRUCTIONS.............................................................11 <br />Section 3.1 <br />Opening of Escrow ............................................................................. <br />Section 3.2 <br />Interest on Deposit.............................................................................11 <br />Section 3.3 <br />Conditions to Close of Escrow........................................................... <br />l l <br />Section 3.4 <br />City's Escrow Deposits ...................................... <br />Section 3.5 <br />Seller's Escrow Deposits....................................................................13 <br />Section 3.6 <br />Closing Procedure..............................................................................13 <br />Section 3.7 <br />Close of Escrow.................................................................................14 <br />Section 3.8 <br />Recordation and Distribution of Documents ........................ <br />15.............. <br />Section 3.9 <br />Escrow Closing Costs, Taxes and Title Policy Premium ................... <br />15 <br />Section 3.10 <br />Credit for Property Taxes, Assessments, Fees and Charges ..............15 <br />Section 3.11 <br />Escrow Cancellation Charges............................................................15 <br />Section 3.12 <br />Escrow Cancellation...........................................................................16 <br />Section 3.13 <br />Facsimile/Counterpart Documents.....................................................16 <br />Section3.14 <br />Notices................................................................................................16 <br />Section3.15 <br />Report to IRS......................................................................................16 <br />-i- <br />