My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
GATES WARNER, LLC
Clerk
>
Contracts / Agreements
>
G
>
GATES WARNER, LLC
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/8/2021 3:25:00 PM
Creation date
10/8/2021 3:23:22 PM
Metadata
Fields
Template:
Contracts
Company Name
GATES WARNER, LLC
Contract #
A-2021-189
Agency
Public Works
Council Approval Date
9/21/2021
Insurance Exp Date
1/1/1900
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
12
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
obligations and liabilities of the Parties under this Agreement shall cease and terminate. If no such <br />request is made, Escrow shall be closed as soon as possible thereafter. Buyer shall be entitled to <br />possession of the Property immediately upon close of Escrow. <br />The Escrow Agent hereby is empowered to act under this Agreement, and upon indicating its acceptance <br />of this Section 4 and of the General Provisions described in Exhibit " C" attached hereto and incorporated <br />herein by this reference, in writing, delivered to the City and to the Seller within five (5) days after delivery <br />�f 4h�� 4greement, shall vat y vut Itv du'tle$ a$ E�crov. �yvnt hereunder. <br />City agrees to bear and Escrow Agent is hereby authorized to charge to the City the cost of any transfer <br />taxes, recording fees, cost of title insurance, re -conveyance fees, document preparation fees, escrow <br />fees and any other olosing costs incidental to the conveying of Said Real Property to City. Penalties for - <br />prepayment of bona fide obligations secured by any existing deed of trust or mortgage shall be waived <br />pursuant to Civil Code Procedures Section i265.240. <br />The liability to the Escrow Agent under this Agreement is limited to performance of the obligations <br />imposed upon it under Section 4, Section 6, Section 8 and Exhibit "C" of the General Provisions of this <br />Agreement. <br />Seller is not responsible for payment of any escrow fees, costs or expenses. <br />5. Property Taxes. Such real property taxes, if any, on Said Real Property for the fiscal year within <br />which Sald Real Property is conveyed to City as, are unpaid at the time of said conveyanoe shall be <br />cleared and paid in accordance with the provisions of Section 4986 of the Revenue and Taxation Code <br />of the State of California. Seller shall be eligible for a refund under Section 5096.7 of the Revenue and <br />Taxation Code of the State of California for that portion of property taxes on Said Real Property for said <br />fiscal year which have been paid prior to the date the deed conveying Said Real Property to City is <br />recorded which is allocable to that portion of the fiscal year which begins on the date the deed conveying <br />Sold Real Property to City is recorded and made Uncolleetlble If unpaid by reason of Section 5086 of the <br />Revenue and Taxation Code of the State of California. To the extent that Seller has prepaid any taxes or <br />assessments attributable to the property; Seiler shall be solely responsible for obtaining any refund due <br />thereon from the taxing authority. Upon written request, Buyer shall assist Seller, at Seller's sole cost, in <br />obtaining said refund, if any; however, in no case shall Buyer credit or otherwise pay Seller for that refund, <br />if any, through or outside of Escrow. <br />All unpaid taxes on Said Real Property for any and all years prior to the fiscal year within which said <br />conveyance is made shall be paid by Seller before conveyance of Said Real Property to City. <br />6. Payment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept from City, <br />as and for the full purchase price for Said Real Property, temporary construction easement, fixtures & <br />equipment (improvements pertaining to the realty), goodwill (if any), and severance damages, the total <br />sum of Seven Thousand, Two Hundred and 001100 Dollars ($7,200.00). City agrees to deposit said <br />purchase price in escrow with the Escrow Agent within. SIXTY (60) days from and after the date on which <br />the City has approved this Agreement, and the Escrow Agent is hereby authorized to pay the same to <br />Seller upon and after: <br />(a) Conveyanee of Said Real Property by Seller to City as hereinabove provided; <br />(b) Acceptance by City of a Quitclaim Deed conveying said portion of Said Real Property to City; <br />(c) Acceptance by City of a Temporary Construction Easement to City; <br />
The URL can be used to link to this page
Your browser does not support the video tag.