Reso 1996-166 to 170 - Laserfiche WebLink

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3.04 Opening Escrow. To accomplish the purchase and transfer of the Property, the Parties shall upon execution of this Agreement establish an escrow with Placer Title Company, 801 Davis Street, San Leandro, CA 94577, Escrow Officer Judith Gibson, (the "Escrow Agent"). The Parties shall execute and deliver all written instructions to the Escrow Agent to accomplish the terms hereof, so long as such instructions are consistent with this Part. 3.05 Close of Escrow. The above -mentioned escrow shall close forty-five (45) days after contingencies have been satisfied, provided that as of the Closing Date, there shall have been no material adverse change in the physical or title conditions of the Property from the conditions theretofore approved by Developer; and that no moratorium, statute, order, regulation, ordinance, legislation, judgment, ruling, assessment or decree of any court or governmental agency shall have been enacted, adopted, issued, entered, or be pending that could materially and adversely affect the Property and/or Developer's ability to develop and operate its Improvements. 3.06 Condition of Title. Upon close of escrow the Agency shall convey the Property to Developer, subject to the following: (i) the conditions and effect of the Redevelopment Plan, as such plan then exists or is thereafter from time to time amended; (ii) applicable building and zoning laws and regulations; (iii) the provisions of this Agreement; (iv) any lien for taxes accruing subsequent to recordation of the Deed; (v) assessments, conditions, covenants, restrictions or easements of record as otherwise approved by Developer in writing. Disposition and Development Page 10 of 39 Agreement (Automall) 10/2/96