Reso 1998-009 - Laserfiche WebLink

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2.05 Due Dili ence. Within sixty (60) days of the date of this Agreement, review all due diligence materials provided by Agency; and approve the economic viability of the development, in Developer's sole and absolute discretion. 2.06 Title Report. Within sixty (60) days of the date of this Agreement, approve the title 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 nine dollars ($9.00) a square foot, which totals two hundred seven thousand dollars ($207,000). 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 Disposition and Development Page 7 of 30 Agreement - Vanuatu Properties Draft December 4, 1997