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a lot line adjustment involving the remnant portions of the: (a) DENTIST <br />PROPERTY, (b) OPTOMETRIST PROPERTY, (c) 1421 N. Bristol Street, Santa <br />Ana, and (d)1429 North Bristol Street, Santa Ana. Upon completion of the lot line <br />adjustment, the CITY shall deposit the deed for each lot into escrow and notify <br />ROSALES and GONZALES of this fact, at which point ROSALES and <br />GONZALES shall obtain the original deeds from escrow. ROSALES and <br />GONZALES shall be deemed to have paid the CITY $910,000 for the purchase of <br />such lots from the total compensation and consideration set forth herein of <br />$1,971,500.00. <br />b. Concurrent with the steps identified in paragraph 2.a., ROSALES and <br />4535406.1. --N1.475.1. <br />GONZALES shall proceed with the demolition and development of the <br />RELOCATION SITE as a single integrated development, including but not limited <br />to the implementation of reciprocal easement agreements, reciprocal parking <br />agreements, and shared use agreements between ROSALES and GONZALES, as <br />applicable. The funds that are deposited in escrow by CITY will be drawn down by <br />ROSALES AND GONZALES in the following manner as they proceed with the <br />demolition and development of the RELOCATION SITE as a single integrated <br />development. <br />i. Drawdown for site plan development and permits upon deposit of deeds for <br />the RELOCATION SITE: up to $300,000 in two equal amounts from each <br />escrow account for payment of design professionals (to include architects, <br />engineers, planners, consultants). ROSALES and GONZALES expressly <br />agree to develop the RELOCATION SITE as a single integrated <br />