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80A - JOINT PH - RESO AND DDA WITH HABITAT FOR HUMANITY
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80A - JOINT PH - RESO AND DDA WITH HABITAT FOR HUMANITY
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1/3/2012 3:49:52 PM
Creation date
3/16/2011 5:57:51 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
3/21/2011
Destruction Year
2016
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Phase 2 are: <br />B. The street addresses and Agency Loan Amounts for the Sites in <br />1114 Cypress ($363,069.99) <br />719 N. Concord ($349,873.99) <br />717 E. 3rd Street($345,540.99) <br />Phase 3 are : <br />C. The street addresses and Agency Loan Amountsfor the Sites in <br />4010-4030 W. McFadden ($1,015,284.97) <br />4030-4110 W. McFadden ($360,869.99) <br />1029 S. McLean ($165,932.99) <br />4809 W. Edinger Avenue ($308,132.99) <br />201.2 Neighborhood Input. Developer shall be responsible for providing the <br />concept plans to the surrounding neighborhood groups/associations to be reviewed/discussed at <br />neighborhood meetings in order to obtain neighborhood input regarding such concept plans. <br />201.3 Timing. The Conveyance of each of the three Phases of Sites shall <br />comply with all of the provisions of this Article including, without limitation, the Escrow <br />provisions set forth in Section 202 hereof, the title provisions set forth in Sections 203 and 204 <br />hereof, and the Conditions Precedent set forth in Section 205 hereof. <br />201.4 Right of Entry. Agency agrees to grant Developer a Right of Entry for <br />each of the Sites in order for Developer to perform its due diligence. <br />201.5 Subcontractors. Prior to Conveyance of each of the Phases of Sites, <br />Developer shall provide Agency with a list of its proposed subcontractors for construction, <br />marketing and sales with respect to such Phase. Subcontractors shall be licensed and in good <br />standing with the State Contractor's Board. <br />202. Escrow. <br />202.1 Procedures. <br />(a) Agency shall transfer to Developer the Phases at the times set forth <br />in the Schedule of Performance attached as Exhibit J hereto, subject to the satisfaction of all the <br />conditions precedent to Closing. <br />(b) The Agency agrees to open escrow for each Phase of the sale of <br />the Sites to the Developer with First American Title Insurance Company, or such other escrow <br />company mutually agreed upon by the parties (the "Escrow Agent") at a time sufficient to <br />satisfy Developer's obligation set forth in Section 202.1(a) above. This Agreement and Escrow <br />Agent's Standard Form Escrow Instructions shall constitute the joint escrow instructions of the <br />8 EXHIBIT 4 <br />8OA-23
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