My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
SA 2017-001
Clerk
>
Resolutions
>
SUCCESOR AGENCY (formerly known as Community Redevelopment Agency)
>
2017
>
SA 2017-001
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/8/2018 12:31:01 PM
Creation date
1/3/2018 9:30:24 AM
Metadata
Fields
Template:
City Clerk
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
34
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT A TO EXHIBIT 4 <br />(vii) Further Documents or Items. Any other documents or items reasonably <br />required to close the transaction contemplated by this Agreement as determined by the Title Company <br />which are consistent with the terms of thisAgreement. <br />(b) Failure to Deliver. Should any of Seller's Delivered Items not be timely <br />delivered to Escrow, Buyer shall, by written notice to Seller, provide Seller with five (5) business days <br />to deliver all of Seller's Delivered Items. If Buyer's notice provides Seller such five (5) business days <br />to deliver Seller's Delivered Items, and if Seller's Delivered Items are not delivered within such period, <br />then this Agreement shall automatically terminate without further action or notice. In the event of any <br />such termination, any cash deposited by Buyer shall immediately be returned to Buyer. Under no <br />circumstances shall Buyer have any responsibility to or duty to pay consultants or real estate brokers <br />retained by Seller, Seller being solely responsible in connection with any such contractual <br />arrangements of Seller. <br />9. Buyer's Deliveries to Escrow. <br />(a) Buyer's Delivered Documents. At least one (1) business day prior to the <br />Closing Date, Buyer shall deposit or cause to be deposited with Escrow Holder the following items, <br />duly executed and, where appropriate, acknowledged ("Buyer's Delivered Items"): <br />(i) Purchase Price. The Purchase Price, less amounts which Seller <br />confirms in writing to Escrow Holder were theretofore paid to Seller as the Independent Consideration <br />Amount and the Deposit, together with additional funds as are necessary to pay Buyer's closing costs <br />set forth in Section 10(b) herein. In the event Seller does not qualify for an exemption from California <br />withholding tax under Section 18662 of the California Revenue and Taxation Code, as evidenced by <br />the delivery at Closing of the California Exemption Certificate duly executed by Seller, Title Company <br />shall withhold three and one-third percent (3-1/3%) of the Purchase Price on behalf of Buyer for payment <br />to the California Franchise Tax Board in accordance with Section 11(b) hereof. In the event Seller is <br />not exempt from such withholding or does not otherwise deliver the California Exemption Certificate <br />at Closing, Seller shall execute and deliver three (3) originals of California Form 593 to Title Company <br />at or immediately afterClosing. <br />(ii) Change of Ownership Report. One (1) original Preliminary Change <br />of Ownership Report. <br />(iii) Final Escrow Instructions. Buyer's final written escrow instructions to <br />close escrow in accordance with the terms of this Agreement. <br />(iv) Authori . Such proof of Buyer's authority and authorization to enter <br />into this Agreement and to consummate the transaction contemplated hereby as may be reasonably <br />requested by Seller or the Title Company. <br />(v) Further Documents or Items. Any other documents or items reasonably <br />required to close the transaction contemplated by this Agreement as determined by the Title Company. <br />(b) Failure to Deliver. Should any of Buyer's Delivered Items not be timely <br />delivered to Escrow, Seller shall, by written notice to Buyer, provide Buyer with five (5) business days <br />11 <br />
The URL can be used to link to this page
Your browser does not support the video tag.