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Action <br />13. Deposit of Grant Deed and Purchase Price. <br />Developer and City, as applicable, shall deliver <br />into escrow the Grant Deed, Purchase Price, and <br />all required funds. <br />111 .. .. . . ...... . . . -- ------- - -- --- ---------- <br />15, Merger of Project Sit . Developer shall record an <br />approved parcel map and/or lot line adjustment as <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 />17. Commencement of Construction. The Developer <br />shall commence construction of the improvements <br />on the Proioct Site, <br />18. Comi)letion of Construction. The Developer shall <br />complete construction of the improvements on the <br />Site, <br />19. Issuance of Certificate of Completio . The City <br />shall furnish die Developer with a Certification of <br />Completion for the Project, <br />Date <br />Not later than — days prior to the close of <br />escrow. <br />.. .. ... . ..... <br />Immediately following or concurrent with Close <br />of Escrow <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 />Within — days after close of escrow. <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 />55394.00000\29009220.1 65D-44 <br />