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ii. WITHIN TEN DAYS OF THE OPENING OF ESCROW, <br />ROSALES AND GONZALES SHALL DESIGNATE THE GRANTEES <br />THAT SHALL BE LISTED ON THE DEEDS FOR THE TWO LOTS OF <br />EQUAL SIZE CREATED BY THE CITY FROM THE DIVISION OF <br />THE RELOCATION SITE, AS PROVIDED IN PARAGRAPH 2 BELOW. <br />IT IS ANTICIPATED THAT ROSALES AND GONZALES SHALL <br />ENTER INTO RECIPROCAL ACCESS, MAINTENANCE, AND <br />PARKING AGREEMENTS SO THAT THE RELOCATION SITE WILL <br />BE OPERATED AS A SINGLE INTEGRATED DEVELOPMENT. <br />THEREAFTER, THE CITY WILL SUBMIT INTO ESCROW THE <br />GRANT DEEDS FOR THE TWO LOTS CREATED FROM THE <br />DIVISION OF THE RELOCATION SITE, WHICH THE PARTIES <br />HAVE COLLECTIVELY VALUED AT $910,000. <br />2. Implementation of Settlement: The parties agree that this settlement shall be <br />implemented as follows: <br />a. Immediately upon execution of this AGREEMENT, the CITY shall deposit <br />4535406.1 -- N1475.1 <br />$1,061,500.00 into two escrow accounts (one escrow account for GONZALES, and <br />a second escrow account for ROSALES at the same escrow company) in the <br />following proportions: ROSALES shall receive $550,750, and GONZALES shall <br />receive $510,750. ROSALES and GONZALES shall concurrently deposit fully - <br />executed deeds for their respective properties. Once these proceeds and deeds have <br />been deposited, City shall take all steps necessary to form two legal lots of equal <br />size from the CITY -OWNED RELOCATION SITE through the administration of <br />