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➢ Assist the City in determining the appropriate amount of title insurance coverage for <br />each property or portfolio (or portion thereof) whether acquired by purchase or without <br />financial consideration and taking into account valuation as determined by appraisal, <br />or by opinion of value from a commercial real estate company. <br />➢ Provide all necessary assistance to the City to clear all exceptions stated in the <br />Preliminary Title report unless waived by the City in writing. <br />➢ Obtain partial release, partial re- conveyance and subordination agreements from the <br />property owners or any party having interest in the property. <br />➢ Ensure that all conditions present and conditions subsequent provide for in the <br />Purchase Agreement are met and satisfied prior to closing escrow. <br />Y Prepare, subject to review and approval by the City, Escrow Instructions for execution <br />by the City and grantor(s). Proposer shall ensure all legal requirements are satisfied <br />prior to escrow closing. <br />➢ Provide a comprehensive Escrow Services to the City and owners involved in the <br />related transactions. <br />➢ Prepare all necessary conveyance documents; demand and release of <br />lien /encumbrance documents and submit the same for approval by the City prior to <br />close of escrow. <br />➢ Record grant deeds, certificates of acceptance. Memoranda of agreements and <br />related documents required with respect to the transfer of each property in the office of <br />Orange County Recorder. <br />➢ Distribute to the parties originals or copies of executed and /or closing documents <br />➢ Disburse to the party or parties entitled hereto amounts required to be disbursed in <br />connection with the closing of each property transfer transaction. <br />➢ Prepare closing settlement statements reflecting pro - rations and funds disbursed <br />through escrow in each property transfer transaction. <br />➢ Provide additional services related to title, escrow and related services specified <br />above, at hourly rates, the scope of which will be agreed to in writing between the City <br />& Proposer. <br />➢ Meet and coordinate work with other right -of -way consultants as directed by the City. <br />➢ Prior to closing escrow, Proposer shall order and provide the City with an updated <br />Preliminary Title report to ensure that no new liens and /or encumbrances are recorded <br />on the property /property interests to be acquired by the City. <br />➢ Provide multi lingual services as needed for efficient closing of escrow. <br />➢ Company shall at no cost to the City provide status reports of the requested services <br />on a weekly, bi- weekly, or monthly basis at City's option. <br />➢ Proposer shall at no cost to the City provide the City and its consultants with password <br />protected access to Proposer's website dedicated for City's projects. The website shall <br />contain all copies of City ordered reports and other documents will be posted no later <br />than due date agreed upon and indicated on the work authorization. Website access <br />must be available to City throughout the term of the agreement and after expiration for <br />a minimum of 3 months from time all ordered documents and reports have been <br />posted. <br />➢ Proposer shall provide a fee on City provided template Attachment 1 "Price Proposal <br />Form ". <br />25F -12 <br />