Item 12 - Agreements for On-Call Real Estate Title and Escrow Services

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EXRWIETI-4 The Consultant shall coordinate with the title insurer to determine availability and underwriting requirements for each endorsement and obtain all supporting documentation (e.g., surveys, legal descriptions, maps) necessary to satisfy underwriting conditions. B. Compliance with Purchase Agreement Conditions The Consultant shall review, track, and ensure satisfaction of all conditions precedent and conditions subsequent set forth in the Purchase Agreement prior to the closing of escrow, including obtaining any required approvals, consents, releases, and deliverables from all parties. C. Drafting and Administration of Escrow Instructions The Consultant shall provide Escrow Instructions for execution by the City and the grantor(s), which shall be subject to review and approval by the City. The Consultant shall ensure that all legal requirements are satisfied prior to escrow closing, including statutory notices, acknowledgments, certifications, and any City - specific compliance obligations. D. Comprehensive Escrow Services The Consultant shall provide full -service escrow administration to the City and property owners involved in the transactions, including timeline management, status reporting, and proactive issue resolution to facilitate an efficient and timely closing. E. Conveyance and Lien -Related Documentation The Consultant shall obtain all necessary conveyance documents and demand and release of Lien/encumbrance documents, and shall submit all such documents to the City for review and approval prior to close of escrow. The Consultant shall obtain payoff demands, verify lien satisfactions, and coordinate the clearance of encumbrances in accordance with escrow instructions. F. Recording The Consultant shall record grant deeds, certificates of acceptance, memoranda of agreements, and any related documents required for the transfer of each property in the office of the Orange County Recorder. The Consultant shall ensure recordability and compliance with recording standards (formatting, statutory language, signature/acknowledgment requirements, and applicable taxes/fees). G. Distribution of Documents Following execution and closing, the Consultant shall distribute originals and/or copies of executed and closing documents to the City and all parties, consistent with escrow instructions and retention requirements. H. Disbursements The Consultant shall disburse funds to the party or parties entitled thereto in connection with each closing, consistent with escrow instructions, settlement statements, and applicable laws and regulations. I. Settlement Statements The Consultant shall prepare closing settlement statements that accurately reflect pro -rations (e.g., 7