ORANGE, COUNTY OF (89) - Laserfiche WebLink

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1. Property Transfer. Upon the satisfaction or waiver of all of the conditions precedent to the Closing set forth in Section 7 below, as of Closing, the County shall convey its rights to the Property to City (the "Transfer") via a quitclaim deed as set forth in Exhibit E. LI Property shall include all of the following; 1.1.1 Land. The real property described in Exhibit A hereto, including land, structures, and vertical assets located on or under the real property. 1.1.2 Appurtenances. All rights,privileges and easements currently held by the County which are appurtenant to the Property, including, without limitation, all water, water rights and water stock relating to the Property and any other easements, rights-of-way or appurtenances used in connection with the beneficial use and enjoyment of the County Property, except that the County will reserve for itself an access easement(s) running north and south along the length of the Law Library and include a pathway of travel to connect adjacent County properties as depicted in Exhibit B. The access easement will be legally described and granted after the City has completed their construction design and County reviews and approves said design and legal description, 2. Project Execution. Subsequent to Closing, the City shall complete the Project, including environmental project approvals, secure all necessary funding, complete design of final construction documents, advertise the project for construction, and construction. 2.1 Law Library Access. To the extent construction activities require closure or reduction of current access points due to an emergency or because no other reasonable alternative measures can be taken to keep access to the Library available, the Parties shall confer on reasonable alternative access. Exhibit C, attached hereto, identifies the initial proposed Scope of Work as it relates to the Law Library and access thereto. The final scope of work shall be mutually agreed upon by the Parties. 2.2 Cost for Law Library Access. To the extent that the cost of providing the Law Library access Scope of Work items and related design changes for features outside of the Property exceeds the available OCCCA funding of$500,000, the City will fund any additional costs to complete the proposed work items listed in.Exhibit C. 3. Payment of Purchase Price. City agrees to pay the County, and the County agrees to accept from City, as and for the full purchase price for the Property the total sum of One Dollar($I.00) ("Purchase Price"). 4. Title and„Closing. 4.1 Transfer. The Transfer shall be performed by the Parties, subject to the requirements set forth below. _ 4.2 Title Company. A Title policy issued for the benefit of the City witkl„ r:. respect to the Property, in connection with the Transfer shall be issued by Chicago Title Company(the "Title Company"). 2 Project Narne:County of Orange/Santa Ana Plaza of the fountains Property Transfer