Item 23 - Real Estate Title and Escrow Services

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Understanding of Need Chicago Title is expecting to complete all the preliminary title reports and address the title issues necessary within the projected time frame and within the projected budget allocation. We are committed to meet as needed to review our performance on title and escrow issues. Our Operations Manager and Project Manager will be available to address any quality control issues with staffing or workflow. Our Underwriting Counsel is available as needed to give you the personal attention that your projects deserve. Experience & Qualifications: Real estate transactions involving government ownership require specialized legal knowledge and processes. We have the experience and expertise to ensure regulatory and legal compliance in all government real estate transactions. Chicago Title is currently working with many public agencies which indicates that we have the project and management skills to deliver the required projects on time and within budget. The title team assigned to perform these services is currently working with other public entities in performing similar services. We are currently contracted with the City of Long Beach, City of Los Angeles, City of Pasadena, County of Los Angeles, City of Anaheim, County of San Diego, LADWP, tAUSD, MTA, LACDC, HDIC, CRA, Department of Transportation and the U.S. Navy. Title Services; Assist in the resolution of issues affecting title to properties. Assist in determining the appropriate amount of title insurance coverage for properties acquired by purchase or without financial consideration (i.e., conveyance of property and/or dedication). Verify that the property address, plat map and legal description all match. Record grant deeds, certificates of acceptance, memoranda of agreements, and other related documents, with the Orange County Clerk -Recorder Preliminary Title Reports: Provide the Preliminary title reports with hyperlinked copies of underlying exceptions and exclusion documents. Preliminary reports shall show ownership of specific land parcel along with the current taxes, bonds, liens, judgements, deeds of trust, Mello Roos, CC&R's, mechanic liens, tax liens, easements, deeds and legal descriptions. Plotted color coded easement will be provided as requested. Metes & Bounds legal descriptions or 900 parcels: Government parcels that require additional research time would need to be preapproved and based on the hourly rates, the scope of which will be agreed to in writing between the City & Proposer. Litigation Guaranty; Provide litigation guarantee with hyperlinked documents. Providing assurances concerning (1) a statement of the present condition of record title to the estate or interest which is the subject of the Guarantee, setting forth the record owner and all record defects in or liens or encumbrances on such title; and (2) a listing of all persons who, according to the public records, would be necessary and proper defendants in the action in order to accomplish its intended purpose, as determined by inquiry and discussion with the attorney_ The required information needed in preparation and issuance of the litigation guaranty: Liability Amount, Purpose (condemn, foreclose, quiet title, etc.), Name of Insured, Name of Attorney.