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OPA: Grimshaw House - City of Anaheim

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TABLE OF CONTENTS<br />

100. DEFINITIONS. ........................................................2<br />

200. ASSEMBLY OF THE SITE. ............................................13<br />

201. Site. ...........................................................13<br />

202. Relocation. .....................................................13<br />

300. DISPOSITION OF THE SITE. ..........................................13<br />

301. Purchase and Sale. ...............................................13<br />

301.1. Phased Closing. ...........................................13<br />

301.2 Payment <strong>of</strong> Purchase Price. ..................................14<br />

302. Representations and Warranties. ...................................15<br />

302.1 Agency’s Representations. ..................................15<br />

302.2. Developer's Representations. ................................16<br />

303. Condition <strong>of</strong> the Site. .............................................17<br />

303.1 Disclosure. ................................................17<br />

303.2 Developer’s Investigation <strong>of</strong> the Site. ..........................17<br />

(A) Soils and Engineering Assessment. ......................17<br />

(B) Environmental Assessment. ...........................18<br />

303.3 Developer Approval or Disapproval <strong>of</strong> Condition <strong>of</strong> Site. .........18<br />

(A) Physical Condition <strong>of</strong> Site. ............................18<br />

(B) Environmental Condition <strong>of</strong> Site. .......................18<br />

(C) Notice to Proceed or Terminate. ........................18<br />

303.4 Elections Re: Remedial Work. ...............................19<br />

303.5 No Further Warranties As To Site; Release <strong>of</strong> Agency. ...........20<br />

303.6 Precautions After Closing. ..................................21<br />

303.7 Required Disclosures After Closing. ..........................21<br />

303.8 Developer Indemnity. ......................................21<br />

304. Escrow. ........................................................22<br />

304.1 Escrow Instructions. .......................................22<br />

304.2 General Provisions Applicable to Escrow Agent. ................22<br />

304.3 Authority <strong>of</strong> Escrow Agent. .................................23<br />

304.4 Costs <strong>of</strong> Escrow. ...........................................24<br />

304.5 Review <strong>of</strong> Title. ............................................24<br />

304.6 Title Insurance. ...........................................25<br />

304.7 Submittals into Escrow. .....................................25<br />

(A) Submittals by Developer. ..............................25<br />

(B) Submittals by Agency. ................................25<br />

304.8 Conditions <strong>of</strong> Closing. ......................................26<br />

(A) Agency’s Conditions. .................................26<br />

(B) Developer’s Conditions. ...............................27<br />

304.9 Termination <strong>of</strong> Escrow. .....................................28<br />

304.10 Closing <strong>of</strong> Escrow. .........................................29<br />

304.11 Closing Procedure. .........................................29<br />

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