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EXRWIETI-4 <br />TITLE RESOLUTION AND SUPPORT: <br />Our team will provide comprehensive title resolution services to ensure clear and marketable title for all <br />properties involved for the insurance of title insurance. Including: <br />Development of Legal Descriptions: We will assist in preparing accurate legal descriptions for both public <br />and private properties, as well as for unrecorded easements, rights -of -way, and other apparent <br />encumbrances or rights granted by external agencies. <br />Title Issue Resolution: We will work closely with the City, its consultants, and agents to resolve any issues <br />impacting marketable title. This may involve recordation of corrective instruments or other appropriate <br />measures to ensure compliance and clarity. <br />Clearing Title Exceptions: Our team will provide support to clear exceptions identified in Preliminary Title <br />Reports, unless specifically waived by the City in writing. <br />Securing Agreements: Escrow will obtain partial releases, partial reconveyances, and subordination <br />agreements from property owners or any parties with an interest in the property, ensuring smooth <br />transaction processes. <br />Title Insurance Guidance: We will assist the City in determining the appropriate level of title insurance <br />coverage for each property or portfolio, whether acquired by purchase or without financial consideration. <br />This will include consideration of appraised values or opinions of value provided by commercial real estate <br />professionals. <br />Our approach emphasizes accuracy, compliance, and collaboration to minimize risk and ensure timely <br />resolution of all title insurance matters. <br />Escrow Services: Chicago Title is prepared to provide escrow services as outlined in the RFP, including <br />document handling, disbursements, and closing statements. Regarding Holding Escrows, we offer these <br />services on a case -by -case basis, subject to preapproval by our underwriters. <br />Policy and Endorsements <br />The Consultant shall provide escrow services sufficient to issue either a CLTA or ALTA extended -coverage <br />Owner's Policy of Title Insurance for each property, including the following endorsements/coverages, as <br />applicable and available for the property and transaction type: <br />• CLTA 100 — Comprehensive <br />• CLTA 103.1A— Encroachment Coverage <br />• CLTA 103.4—Access Through an Easement <br />• CLTA 103.7 —Access <br />• CLTA 110.1 — Deletion of Item from Policy <br />• CLTA 116 — Location <br />• CLTA 116.1 — Survey <br />• CLTA 116.4 — Contiguity <br />• CLTA 116.7—Subdivision <br />• CLTA 123.3 — Zoning <br />0 <br />