Common use of Final Reports and Certifications Clause in Contracts

Final Reports and Certifications. Acquisitions of fee simple interests in real estate greater than $10,000 shall be completed through escrow established with a Title Company. The Consultant shall obtain title insurance for the purchase and the real property interest shall be conveyed by warranty deed, except as otherwise approved by the City Manager, or the City Council in those situations where Council approval is necessary. The City shall pay the closing costs associated with the transaction, unless other cost sharing arrangements are negotiated. Acquisitions of permanent or temporary easements shall be closed through escrow using title companies to complete the acquisition of easements and or rights of way for public utilities and other public projects. City may, at its discretion, choose to close acquisitions of temporary easements directly rather than through escrow. The preference is for the City to obtain clear title to the real property; however, in certain cases the cost of obtaining partial releases of mortgages and the low risk associated with easements/rights-of-way for public improvements may justify obtaining easements or other legal interest subject to mortgage interests. The Consultant shall coordinate with City in determining whether a property acquisition requires partial releases of liens, except that when buildings are to be constructed on the property such releases shall be obtained. Assumptions: • Right-of-way agent shall possess the ability to notarize documents in the field. • Temporary Construction Access Agreements (TCAA’s) will not be produced during this phase of the project. TCAA’s will be completed when construction funding is identified.

Final Reports and Certifications. Acquisitions of fee simple interests in real estate greater than $10,000 shall be completed through escrow established with a Title Company. The Consultant Contractor shall obtain title insurance for the purchase and the real property interest shall be conveyed by warranty deed, except as otherwise approved by the City Manager, or the City Council in those situations where Council approval is necessary. The City shall pay the closing costs associated with the transaction, unless other cost sharing arrangements are negotiated. Acquisitions of permanent or temporary easements shall be closed through escrow using title companies to complete the acquisition of easements and or rights of way for public utilities and other public projects. City may, at its discretion, choose to close acquisitions of temporary easements directly rather than through escrow. The preference is for the City to obtain clear title to the real property; however, in certain cases the cost of obtaining partial releases of mortgages and the low risk associated with easements/rights-of-way for public improvements may justify obtaining easements or other legal interest subject to mortgage interests. The Consultant Contractor shall coordinate with City in determining whether a property acquisition requires partial releases of liens, except that when buildings are to be constructed on the property such releases shall be obtained. Assumptions: • Right-of-way agent shall possess the ability to notarize documents in the field. • Temporary Construction Access Agreements (TCAA’s) will not be produced during this phase of the project. TCAA’s will be completed when construction funding is identified.:

Final Reports and Certifications. Acquisitions of fee simple interests in real estate greater than $10,000 shall be completed through escrow established with a Title Company. The Consultant Contractor shall obtain title insurance for the purchase and the real property interest shall be conveyed by warranty deed, except as otherwise approved by the City Manager, or the City Council in those situations where Council approval is necessary. The City shall pay the closing costs associated with the transaction, unless other cost sharing arrangements are negotiated. Acquisitions of permanent or temporary easements shall be closed through escrow using title companies to complete the acquisition of easements and or rights of way for public utilities and other public projects. City may, at its discretion, choose to close acquisitions of temporary easements directly rather than through escrow. The preference is for the City to obtain clear title to the real property; however, in certain cases the cost of obtaining partial releases of mortgages and the low risk associated with easements/rights-of-way for public improvements may justify obtaining easements or other legal interest subject to mortgage interests. The Consultant Contractor shall coordinate with City in determining whether a property acquisition requires partial releases of liens, except that when buildings are to be constructed on the property such releases shall be obtained. Assumptions: • ▪ Right-of-way agent shall possess the ability to notarize documents in the field. • ▪ Temporary Construction Easements (TCEs) and Temporary Construction Access Agreements (TCAA’sTCAAs) will not be produced during this phase of the project. TCAA’s are a contingency and will be completed when initiated once construction funding is identifiedand schedule are determined.

Final Reports and Certifications. Acquisitions of fee simple interests in real estate greater than $10,000 shall be completed through escrow established with a Title Company. The Consultant shall obtain title insurance for the purchase and the real property interest shall be conveyed by warranty deed, except as otherwise approved by the City Manager, or the City Council in those situations where Council approval is necessary. The City shall pay the closing costs associated with the transaction, unless other cost sharing arrangements are negotiated. Acquisitions of permanent or temporary easements shall be closed through escrow using title companies to complete the acquisition of easements and or rights of way for public utilities and other public projects. City may, at its discretion, choose to close acquisitions of temporary easements directly rather than through escrow. The preference is for the City to obtain clear title to the real property; however, in certain cases the cost of obtaining partial releases of mortgages and the low risk associated with easements/rights-of-way for public improvements may justify obtaining easements or other legal interest subject to mortgage interests. The Consultant shall coordinate with City in determining whether a property acquisition requires partial releases of liens, except that when buildings are to be constructed on the property such releases shall be obtained. Assumptions: •  Right-of-way agent shall possess the ability to notarize documents in the field. •  Temporary Construction Access Agreements (TCAA’s) will not be produced during this phase of the project. TCAA’s will be completed when construction funding is identified.