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SANTA ANA UNIFIED SCHOOL DISTRICT (21)
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Last modified
12/22/2022 2:54:43 PM
Creation date
12/22/2022 2:54:06 PM
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Contracts
Company Name
SANTA ANA UNIFIED SCHOOL DISTRICT
Contract #
A-2022-218-01
Agency
Public Works
Council Approval Date
11/15/2022
Destruction Year
0
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other instruments as may reasonably be required by Escrow Holder, in order to consummate the <br />transaction contemplated by this Agreement, Any such supplemental instructions shall not <br />amend or supersede any portion of this Agreement. If there is any inconsistency between such <br />supplemental instructions and this Agreement, this Agreement shall control. <br />6 CLOSING <br />6.1 Selection of Closing Date. The Close of Escrow hereunder shall be held and delivery of all Items <br />to be delivered at the Closing under the terms of this Agreement shall be performed at the offices <br />of the Title Company on or before thirty (30) calendar days from the end of the Due Diligence <br />Period, or such earlier or later date as City and Seller may mutually agree upon In writing (the <br />"Closing Date"). <br />6.1.1 In the event any of the conditions to Close of Escrow set forth in the section "Conditions <br />to Close" have not been fulfilled by the Closing Date, the Close of Escrow may be extended <br />ore time for up to an additional ten (10) days ("Extended Closing Date") by either City or <br />Seller. <br />6.2 Grant Deeds. Prior to Close of Escrow, Seller shall deposit an executed Grant Deed Into escrow. <br />6.3 Other Documents, As required, Seller shall prepare or obtain the following documents: <br />6.3.1 Two (2) originals of a Natural Hazard Disclosure Statement, for the Property; <br />6.3.2 One (1) Seller's Affidavit of Non -foreign Status (the "FIRPTA Affidavit"), for the Property; <br />6.3.3 One(I)Real Estate Withholding Certificate (the "Form 593-C"), for the Property; and <br />6.9.4 Such other documents as are reasonably necessary for issuance of the required Title <br />Policy. <br />6.9.5 Tenant -Executed Estoppel Certificates from each tenant, if necessary, dated no more <br />than thirty (30) days prior to the Closing Date. <br />6.4 Encumbrances. Seller shall pay in full any liens, claims, or mortgages encumbering the Property, <br />if applicable. <br />6.5 City's Costs and Expenses. Except as otherwise specified in this Agreement, in exchange for the <br />District providing the City an easement in Exhibits "6" and "C". City shall pay the costs and <br />expenses incurred pursuant to this easement as follows: <br />6.5.1 City shall pay one hundred percent (100%) of the orange County Transfer Taxes. <br />6.5.2 City shall pay one hundred percent (100%) of the Escrow Holder's fees, and the costs of a <br />CLTA Title Policy; <br />6.5.3 Any costs incurred through the Escrow relating to the Property that are not specifically <br />allocated to Seller or City under this Agreement shall be paid by City. <br />Purchase and Sale Agreement- Santa Ana Unified School District -City of Santa Ana -Water Tower Site <br />Page 7 <br />
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