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Action I Date <br />13. Deposit of Grant Deed and Purchase Price. Not later than days prior to the close of <br />Developer and City, as applicable, shall deliver escrow. <br />into escrow the Grant Deed, Purchase Price, and ' <br />all required funds. <br />15. Merger of Project Site. Developer shall record an i Immediately following or concurrent with Close <br />approved parcel map and/or lot line adjustment as I of Escrow <br />14. Close of Escrow. The City shall convey title to the <br />City Property to the Developer, and the Developer <br />16. Certificates of Insurance. The Developer shall <br />deliver to the City certificates of insurance. <br />Prior to or concurrently with the close of <br />Developer's construction loan for the Project, <br />which shall occur no later than <br />Prior to commencement of any work on the City <br />Property. <br />17. Commencement of Constriction. The Developer I Within _ days after close of escrow. <br />shall commence construction of the improvements <br />on the Project Site. <br />18. Completion of Construction. The Developer shall <br />complete constriction of the improvements on the <br />Site. <br />19. Issuance of Certificate of Completion. The City <br />shall furnish the Developer with a Certification of <br />Completion for the Project. <br />Within _ months after commencement thereof. <br />Promptly after completion of all construction <br />required to be completed by the Developer on <br />the Site, and upon written request therefor by the <br />Developer. <br />Attachment N�. 4 Pa 2 <br />55394.0000029008220.1 65A 3 <br />