RDA Agmt 2000 Brooks_Michael etc

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Article Two: AGENCY PRE - DISPOSITION REQUIREMENTS 2.01 Conditions Precedent Developer's obligation to purchase the Property is contingent upon the conditions set forth below being waived or satisfied on or before the dates provided below. 2.02 Title Report Within sixty (60) days of the date of this Agreement approve the tide report for the Property, subject only to those conditions set forth in Section 3.06. Article Three: DISPOSITION OF PROPERTY 3.01 Sale and Purchase. The Agency shall sell to Developer, and the Developer shall purchase from the Agency, the Property pursuant to the terms, covenants, and conditions of this Agreement 3.02 Purchase Price. The Purchase Price for the Property the Developer acquires from the Agency shall be approximately six dollars ($6.00) a square foot which totals one hundred eleven thousand eight hundred eighty five dollars ($111,885). 3.03 Payment of Purchase Price. The Developer shall deposit the Purchase Price, less the Deposit required by Section 3.08, with the Escrow Agent prior to the date of conveyance of the Property, provided that the Escrow Agent shall have notified the Developer in writing that the Grant Deed, attached hereto as Exhibit C is properly executed and acknowledged by the Agency, has been delivered to the Escrow Agent and the title is in the condition to be conveyed in conformity with the provisions of Section 3.06. 3.04 Opening Escrow. To accomplish the purchase and transfer of the Property, the Parties shall utilize Placer Title Company, 801 Davis Street, San Leandro, CA 94577, Attn: Judy Gibson (the 'Escrow Agent"). The Parties shall execute and deliver all written instructions to that Escrow Agent to accomplish the terms hereof, so long as such instructions are consistent with this Part. Disposition and Development Page 3 of 23 Agreement G9