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21 COMPENSATION AND MaHO) OF PA'YMEN'T <br />A. Nexus shall, whtilualxty (60) days ofoxebullon of flus Agreement, open an escrow <br />accountntPhslAmedaulT1t1o1nsurwtoeCompatty,2 VirstA010loatWAY, Santa.Ana,Callfoniln, <br />or on equiv3lenf aserow eompmly approved In advanco by Gcnova Commons and Sattdpointo, for <br />deposit Winds to be used topay for 1110 Noxus Tmprovemarrfs (roferred to Well) as the "Nexus <br />17. Sandpointa shall deposit $1,000.00 JutolhoNexus Esorow on tho Bsorow <br />Submission Date no later krait flip date the, of the lfrat payment made iniquant to paragraph 2.1). of <br />this Asro0ment <br />C. Prlarioth0daadtinaspeolfiedhtpamgraph7,,A,ofIhlOAgreOmeut,Naxusaud <br />0OnOVR C011hnana shall meet and confbr In good feitlf to ogro s upon tho affiliated cast of ilio <br />Nexus huprovomants, if, nt any dura, olktor Genova Cmrmrons or Nexus dctarmtuos Ihatsuolr <br />agreement Is not possible, kren tip objeoting parry shall submit its dispute In willing, togWior with <br />anyavidancauponwhlaliltrafias tolhDxxcauRvoAirwIoruftloeCity's Pobilo, Works Agoneymid <br />filo other party. Within Itfiaen(15) days oflisrecolpiofaald1101100,ilia 0011-QWOOIingpartyshall <br />01011 have fifteen (19) clays to submit anyresponso It has to the city find kloobJeathlgparty, Tlta <br />ExcoutlveDireolorofOLD City's PublioWorks Agonoy ordcalgtreoshulfRion, wItwil ftly(3O) <br />days of rceelpt of the response, if any, or Ilio expiration ofsald deadline, Worm beth Genova <br />Commons and Noxus In writing oflho Anal delopoloulian oftho eslimaled Iota( coat, wbiolt all <br />garlics agree shall bo couahislvo and binding upon both Nexus atsd Cloaava Camerons, Thoroafier, <br />Noxus surd GlmtOva Conunons shall deposit Ihafrrespc0tiva shares oftha estimated cost oflha. <br />Nexus lmprownionis as sot forth In paragraph LD, of Oils Agraoinow, loss $1,000,00, tete ilia <br />Nexus Escrow no later than rho data speolfied In paragraph 2.D. of this Agreement, <br />1), Nexus shall pay Into fhoNexus Tlsorow no later than (1) the data Ilia first buildbrg <br />penult Islasued by dna City for ktallosns Projeol, or (11) a datotunoty (90) days after i to issunnce <br />of enlilements to Nexus, provided no Blifiallon or roforenduni pellllon 011nllelfgitg Nexus hes beau <br />Iliad and served on the City, whlchovar comes later. Gonave Conunona shall pay into ilia Noxus <br />Iaorow uo later than (i) the crate ilio flrst building pomtit is issued by the City for tho Coma <br />Conunons Projeot, or (i1) a dote ninety (90) days Atter rho inauanco of entitlements to Cionova <br />Corm -Am, provided no lillpalion or roferandumpe lion ohationgbfg Genova Conunons has been <br />filed and served on Iho City, whlohcver comes later. <br />BXBIBIT T) <br />Ordinance No, N8•2800 <br />Pago 32 at 81 <br />