My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
COUNTY OF ORANGE (14)
Clerk
>
Contracts / Agreements
>
C
>
COUNTY OF ORANGE (14)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/4/2023 1:34:25 PM
Creation date
4/27/2023 5:06:14 PM
Metadata
Fields
Template:
Contracts
Company Name
COUNTY OF ORANGE
Contract #
A-2022-197
Agency
Public Works
Council Approval Date
10/4/2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
75
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
simple title to the City Property vested in County, subject only to non -delinquent taxes and <br />assessments, the City Permitted Exceptions, and such other matters as to which County may <br />consent in writing. The premium for the City Title Policy and any costs in connection with the <br />search and examination of title and/or for the issuance of the City Preliminary Title Report shall <br />be paid by County. The City Title Policy shall be issued without reliance on any indemnity of <br />City or any third party to induce Title Company to issue the City Title Policy, and the prior written <br />consent of County shall not be required. If County so elects and the Title Company agrees, the <br />City Title Policy may include such endorsements as County may reasonably request; provided <br />however that all such endorsements shall be issued at County's sole cost and expense. In addition, <br />if County so elects and the Title Company agrees to issue an ALTA Extended Coverage Owner's <br />Policy (2006 Form), the "City Title Policy" as defined above shall be an ALTA rather than a CLTA <br />policy, with all other elements remaining the same; provided however that such extended ALTA <br />coverage and any costs in connection with such extended ALTA coverage shall be issued at <br />Couniy's sole cost and expense. <br />3.3 County Due Di Pttence. County shall have the right to perform due, <br />diligence, at County's sole expense, to investigate the suitability of the City Property for its <br />intended uses, which may include, but is not limited to, environmental testing, review for <br />conformity with State law and local codes, and review with State and local officials regarding use <br />of the City Property ("Due Diligence"). The Due Diligence period shall be for a period of time <br />mutually agreed upon by the Parties, whose agreement shall not be unreasonably withheld, but <br />shall in no event be longer than sixty (60) days, except as provided in Section 6.1.2 below ("Due <br />Diligence Period"). County may enter upon the City Property for purposes of Due Diligence. <br />County shall indemnify and hold harmless City from and against any and all claims, liabilities, <br />losses, damages, costs and expenses (including, but not limited to, reasonable attorneys' fees, court <br />costs and litigation expenses) caused by or arising out of the County's actions on the City Property <br />during the Due Diligence Period. County shall have the absoluie right during the Due Diligence <br />Period to terminate the proposed Exchange for any reason whatsoever without constituting a <br />default under this Agreement. <br />4. C' 's A rove/ of Condition of Title/Due,Dile. <br />4.1 Ci, tv's Review of Condition of Title. Prior to the Effective Date, the City <br />has received and reviewed that certain First Amended Preliminary Title Report order No, <br />00 1 75931-994-LT2-1 TW dated April 14, 2022 (the "Preliminary Title Report"), covering the <br />City Property and County Property issued by Chicago Title Company, a copy of which is attached <br />hereto as Exhibit C. City hereby acknowledges that City has approved those exceptions listed <br />Schedule B of the Preliminary Title Report affecting the County Property identified as Parcel B <br />and C therein. Those exceptions which City has approved on the Preliminary Title Reports are <br />hereinafter referred to as the "County Permitted Exceptions." The County Permitted Exceptions <br />shall exclude any delinquent taxes or any taxes due and payable prior to the Closing and any other <br />monetary liens or encumbrances on the County Property. <br />4.2 County Title Insurance P to icy. At the option of the City, and upon the <br />City's specific request, at the Closing and as a condition thereto, the Title Company shall issue to <br />City policies of title insurance (collectively, the "County Title Policy") as to all or part of the <br />County Property, containing the terms and provisions set forth in this Section 4.2. The County <br />Title Policy shall be CLTA Owner's Policies (1987 Policy Form) in an amount determined by the <br />City, showing fee simple title to the County Property vested in City, subject only to non -delinquent <br />Project Name: Santa An Propeny Ex 6®ge <br />
The URL can be used to link to this page
Your browser does not support the video tag.