My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1980-115 CRA
Clerk
>
Resolutions
>
COMMUNITY REDEVELOPMENT AGENCY (1974-2012)
>
1973-1989
>
1980
>
1980-115 CRA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 12:23:13 PM
Creation date
3/8/2005 11:27:35 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Resolution
Doc #
CRA 1980-115
Date
11/17/1980
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
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
<br />I : <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />"CONVEYANCE OF TITLE TO THE SALES PARCEL <br /> <br />,,'Opening of Escrow. Agency shall <br />open escrow for conveyance of <br />the Sales Parcel. <br /> <br />Deposit of Deeø in Escrow. <br />Agency shall deposit the deed <br />to the Sales Parcel in escrow. <br /> <br />Conveyance of Title. Agency <br />shall convey title to Partici- <br />pant and Participant shall <br />accept conveyance of the Sales <br />Parcel. Participant must <br />have obtained building permits <br />and financing documentation <br />available for concurrent <br />recordation with Ágency deed <br />to Sales Parcel. <br /> <br />Commencement of New Construction. <br />Participant shall commence <br />construction of the improvements. <br /> <br />Completion of New Construction. <br />Participant shall complete <br />construction of the Phase I <br />improvements. <br /> <br />Within 5 days after <br />Agency has completed <br />clearance of the Sales <br />Parcel, in accord with <br />Section ILL. <br /> <br />Not later than 5 days <br />prior to the date for <br />conveyance of the Sales <br />Parcel. <br /> <br />On or before May 1, <br />1981, or within 30 days <br />after opening of escrow <br />whichever is later. <br /> <br />Within 60 days after <br />conveyance of the title <br />to the Sales Parcel. <br /> <br />Within 540 days after <br />commencement of con- <br />struction. " <br /> <br />3. <br /> <br />The first sentence of Section II.B. of the <br /> <br />Participation Agreement is hereby amended to read as <br /> <br />follows: <br /> <br />"Agency agrees to open escrow for the Sales Parcel <br /> <br />with an escrow agent ('Escrow Agent'), which shall be Safe co <br /> <br />Title Insurance Co., 825 North Broadway, Santa Ana, <br /> <br />California, within the time provided therefor in Attachment <br /> <br />NO.5, entitled 'Schedule of Performance.'" <br /> <br />4. <br /> <br />Section V.A. of the Participation Agreement <br /> <br />- is hereby amended by adding a paragraph thereto, which <br /> <br />paragraph reads as follows: <br /> <br />,. <br />"Notwithstanding arw other provision of this <br /> <br /> <br />Section, in the event that title to the Sales Parcel is not <br /> <br />conveyed to Participant on or before the date set for such <br /> <br />conveyance in Attachment No.5, entitled 'Schedule of <br /> <br />Performance' due to failure or delay by Participant in the <br /> <br />performance of any term or provision of this Agreement, then <br /> <br />16/ <br /> <br />3. <br /> <br />4A <br />
The URL can be used to link to this page
Your browser does not support the video tag.