HomeMy WebLinkAboutResolution No. 22-8115 - Approving Purchase and Acq of Temp Construction Easement for Property located at 10232-10250 Lakewood Blvd.4 --ms] I[ I I I Lei 14 1 kq 15631IRM-1 I P
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING THE PURCHASE AND ACQUISITION OF A TEMPORARY
CONSTRUCTION EASEMENT BETWEEN CALIFORNIA ASSET PORTFOLIO,
INC., A CALIFORNIA CORPORATION, AND THE CITY OF DOWNEY FOR
PROPERTY LOCATED AT 10232-10250 LAKEWOOD BOULEVARD
PURSUANT TO THE ADOPTED MITIGATED NEGATIVE DECLARATION FOR
THE FLORENCE AVENUE AT LAKEWOOD BOULEVARD INTERSECTION
IMPROVEMENT PROJECT
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2cquire a Temporary Construction Easement ("Easement") located at 10232-10250 Lakewood
Boulevard, Downey, CA for a purchase and acquisition price of Six Hundred Dollars ($600.00)
("Agreement"); and
WHEREAS, on November 10, 2021, the City Council, pursuant to the California
Environmental Quality Act (Pub. Res. Code §§ 21000 et seq.) (CEQA), and the State CEQA
Guidelines (14 Cal. Code Regs. §§ 15000 et seq.) determined that an Mitigated Negative
Declaration (MND) be prepared pursuant to CEQA in order to analyze all potential adverse
environmental impacts of the Florence Avenue at Lakewood Boulevard Intersection
Improvements project ("Project"); and
WHEREAS, pursuant to CEQA, when taking subsequent discretionary actions in
furtherance of a project for which an EIR has been certified, the lead agency is required to review
any changed circumstances to determine whether any of the circumstances under Public
Resources Code section 21166 and State CEQA Guidelines Section 15162 require additional
environmental review; and
WHEREAS, staff evaluated the purchase and acquisition of a Temporary Construction
Easement in light of the standards for subsequent environmental review outlined in Public
Resources Code section 21166, and State CEQA Guidelines section 15162; and
11AEREAS, based on that evaluation, staff concluded that the MND fully analyzed and
mitigated all potentially significant environmental impacts, if any, that would result from the
purchase and acquisition of a Temporary Construction Easement, and therefore, no subsequent
EIR or mitigated negative declaration is required; and
WHEREAS, the City Council has determined that approval of the Agreement and the sale
transaction contemplated thereby, are in the best interest of the City and the public health, safety
and welfare.
11 i I 1 0
1 w ff V WROMN 206WAVA WIXOM] WRILORT164"I
SECTION 1. The City Council of the City of Downey hereby (i) approves the Agreement,
a copy of which attached hereto as Exhibit "Aand is on file with the City Clerk, (ii) if required,
authorizes and directs the City Manager to make final changes to the Agreement consistent with
the City Council's direction, and (iii) authorizes the Mayor to execute the final Agreement and any
other documents and agreements necessary to complete the sale transaction contemplated by
the Agreement.
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PAGE 2
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The Council further finds that there is no substantial evidence in the administrative record
supporting a fair argument that the purchase and acquisition of the Temporary Construction
Easement may result in any significant environmental impacts beyond those analyzed in the
MND.
I � ;
11 � I'mw 1n;
APPROVED AND ADOPTED this 1 oth day of November, 2022.
CLAUDrA FROME1W
Council Member
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of the
City of Downey at an Adjourned Regular meeting held on the 1 oth day of November, 2022 by the
following vote, to wit:
AYES:
Council Members:
Fro meta, La Plante, Trujillo
NOES:
Council Members:
None.
ABSENT:
Council Members:
Alvarez, Mayor Pacheco
ABSTAIN:
Council Members:
one.
"--&�IALICIADUAT
��C���
City Clerk
{�711=3�r1
TEiLPORARY
ALIFORNIA
x ! ?W2, by and among
legally
2. The City desires to acquire .. temporary constructioneasement i the Seller
for • • • Blvd. & FlorenceAve.in Improvement Project.
3. The City desires t• acquire - pi • .ry construction easement from
noticeeighteen (18) month term of the temporary construction easement will commence when wrift
provided • Seller by or rf ir(s). Written noticebe provided
is
later than twelve (12) months from close of escrow of this Agreement. The tempora
construction easement is described and shown in EXHIBITS "A" and "B" of tach
the at
Temporary • :• Eas
ement Deed("Construction - and .iincorporatedi
here
of this Agreement as ATTACHMENT "B". The City shall notify the Seller thirty (30) days prior
., • • I '. i • •near,•: around Property.
NOW, THEREFORE, in view of the above -recitals and mutual promises and covenants
contained herein, the parties agree as follows:
On the terms and conditions set forth herein, Seller agrees to grant the City a temporary
i • easement and City agreesto purchase the Property from i to
compensate the Seller for the temporary construction easement. The total price for the
purchase of a portion of the property and compensation for the temporary construction
payable in cash throughescrow,be at a cost•1 SIX HUNDRED DOLLARS
1 1 1 1 1 1 1 1 exchange for receipt of i Cityof • all
claims by -ller under the United States ConstitutionAmendments 5 and 14, and• i
under2-11 claims • i but ;• -• to claims for. of - real estateE
improvements - thereon, severance damages, .•- - i: • I benefits and loss of goodwill.
Notwithstanding • to the contrary contained in this Sectionremain
liablei I any injury to persons or damage • property r- • to or • fromof
omissions of the City or its agents, employees, contractors and representatives on the
Property. The City shall keep the Property clean and clear of any debris that might injure any
person or cause a liability to the Seller.
This sale shall be consummated through approval by City's designee(s) and/or City
Council. In the event that Escrow is deemed necessary for the purpose of title and/or
easement transfer, the City agrees to open escrow with a Title Company (to be determined by
the City). This Agreement, along with the Road Deed, Construction Easement and
ATTACHMENT "D" attached hereto, constitutes the joint escrow instructions of City and Seller
to the Escrow Holder, which may be supplemented by escrow holders form agreement.
Subject to the conditions described in Section 8, City shall deposit into escrow the sum set
forth in Section 1 above, payable to Seller. The closing date for the escrow shall be no later
than forty-five (45) days after opening •t escrow, unless such date is extended •; written
agreement of the parties. "Close of Escrow" shall be the date when the Road Deed to the City
is recorded. City shall • any and all escrow and closing • City shall also •. the costs •r
the ALTA title insurance referenced in Section 8.1.
Except as would otherwise be shown in a preliminary title report, to the current, actual
knowledge of Seller, Seller warrants to City that as of the date of this Agreement and/or as of
the date of close of escrow, Seller has not granted any unrecorded easements or licenses on
the Property and Seller does not have actual knowledge of grants of any unrecorded
easements or licenses on the Property by others.
To the current, actual knowledge of Seller, Seller warrants that there is not now, and/or
as • • • • there will not •,` any violation • any law, ordinance, rule, •
administrative or judicial order affecting the Property, nor is there any judicial order affecting
the Property, nor is there any condemnation, zoning change, • other proceeding • action
(including legislative • pending, threatened, • contemplated • any •• ♦••
except City, authority, • agency that will in any way affect the size • use of, improvements •
construction on, or access to the Property by City. This warranty does not apply to
governmental action where notice has not been provided to Seller.
I . . I i • 111� 1111��11111 11�1111111 • I - I a * 0 0 1
To the current, actual knowledge of Seller, Seller warrants that as of the date of this
Agreement and/or as of close of escrow, Seller has not entered into any contracts, leases,
licenses, commitments, or undertakings respecting the Property, or for the performance of
services on the Property, or for the use of the Property or any part of it or any agreement or
contract of any kind pertaining to the Property by which City would become obligated or liable
• anyone.
7.3 From and after record of Road Deed, City agrees to indemnify, protect, hold
harmless and defend Seller against any and all loss, expense, damage and liability, including
without limitation (1) all foreseeable and unforeseeable consequential damages, directly or
indirectly arising from the use, generation, storage, or disposal of hazardous material on the
Property by City; and (2) the cost of any required or necessary repair, cleanup, or
detoxification and the �Ere�siaration of anrA closure or other
that such liability is attributable to the presence or use, generation, storage, release,
threatened release, or disposal of hazardous materials on the Property by City. City's
indemnity shall survive close of escrow.
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1117411:11111111711 11 0 0 1 1111111111111111 �illill� ��• :i III
-
8.1 Title Company shall be able to issue in favor of City an ALTA standard owner's
policy of title insurance dated as of close of escrow with liability not less than the purchase
price, covering the Property, showing title vested in City, and showing as exceptions only
current general and special real property taxes, bonds and assessments not yet delinquent,
and the exceptions to title that City has approved,
8.2 Promptly, upon opening of escrow, Escrow Holder shall furnish City with a title
commitment for an ALTA title policy and legible copies of all documents reported as exceptions
in it ("Title Documents"). City shall notify Seller and Escrow Holder in writing within ten (10)
days after receipt of the title commitment and the Title Documents of City's disapproval of any
exception in those documents. If any supplemental title commitment or supplemental Title
Documents are submitted, then City shall notify Seller and Escrow Holder in writing within ten
(10) days after City's receipt of such items, but not later than the date mutually agreed upon by
the parties in writing for the Close of Escrow, of City's disapproval of any title exception set
forth therein.
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returned to City immediately on demand, and City shall pay all title company and escrow
charges.
8.3 City shall pay for a Property Condition Inspection by a competent inspector
gelected by the City. City's obligation to close escrow is contingent upon City's approval of the -
condition of the Property at its sole discretion.
8.4 If there is a breach of any representation or warranty given by Seller pursuant to
this Agreement that is discovered by City before close of escrow, then City may nevertheless
elect to proceed to close the escrow, in which event City shall be deemed to have elected to
waive such breach, or City may elect to terminate this Agreement and the escrow, in which
event this • shall be canceled. If this Agreement and the escrow are terminated •
City's election under this paragraph, then all funds or other things deposited by City, if any,
shall be returned to City immediately on demand, and Seller shall pay all title company and
escrow •`:..
• Seller's current, actual knowledge, as • the • of this •: and/or as •(
Close of Escrow, no litigation is or will be pending against Seller regarding the use, operation,
fevelopment, condition or improvement of the Property, or regarding any right, title or interest
.n the Property -
Seller and City acknowledge that the purchase and sale of the Property has been
negotiated under the threat of condemnation of the Property by the City. In the event of Seller
�efault, City's ability to perform is prejudiced. Accordingly, in the event the escrow fails to
close by reason of a default by Seller, Seller agrees:
A. That the public interest and necessity requires the acquisition of the Property.
B. That the Seller waives any right to bring an action • claim against City in invers;1
condemnation or to seek damages for alleged precondemnation conduct arising out of the
acquisition by City contemplated under this Agreement.
C. Seller acknowledges that in waiving these claims they have not relied • any
representations or statements made or said by City, its agents, attorneys or other
•
Except as set forth below in this Section, each party bears its own costs and fees,
including any ':• fees, associated with the acquison • the City contemplated under
this • If any • files an action • brings any proceeding against the • arising
from this Agreement, or is made a party to any action or proceeding brought by the Escrow
Holder, then as between City and Seller and City, the prevailing •. shall •` `• to
recover as an element of its costs of suit, and not as damages, reasonable attorneys' fees to
be fixed by the court. The "prevailing party" shall be the party who is entitled to recover its
• • suit, whether •: not suit, proceeds to final judgment. A • not entitled to recover its
costs shall not recover attorneys' fees. No sum for attorneys' fees shall be included in
calculating the amount of a judgment for purposes of deciding whether a party is entitled to its
costs or attorneys' fees.
•
-Ve'e, %—I fell
re f it -tI R pt,
before such tender, shall not survive tender of the deed.
Except as otherwise provided herein, this Agreement inures to the benefit of, and is
binding on, the •. their respective heirs, personal representatives, successors, and
assigns.
This Agreement constitutes the entire agreement among the parties and supersedes all
prior discussion, negotiations, and agreements whether oral or written. Any amendment to this
Agreement, including an oral modification supported by new consideration, must be reduced to
writing and signed • all • the •. before it will •` effective.
No representation, warranty, or recommendation is made by Seller or City or their
respective agents, employees, • attorneys regarding the -•. sufficiency, legal effect, • tax
consequences of this Agreement or the transaction, and each signatory is advised to submit
this Agreement to his or her respective attorney before signing it.
This Agreement may be executed in counterparts, each of which so executed shall,
irrespective of the date of its execution and delivery, be deemed an original, and all such
counterparts together shall constitute one and the same instrument.
Time is of the essence of this Agreement, and failure to comply with the time provisions
of this Agreement shall be a material breach of this Agreement.
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The City shall defend, indemnify and hold Seller and the tenant of the Property
harmless from and against any and all claims, demands, causes of action, judgments,
liabilities, damages, costs and expenses (including reasonable attorney's fees and consultant
and expert fees) relating to or arising from the City's activities on the Property.
Except as set forth in Section 7, in its entirety, Section 8.4 and Section 11, in no event
shall Seller have any liability to the City for damages.
The City's contractor(s) shall not occupy any portion of the Seller's property, within the
Construction Easement area described and shown on EXHIBITS "A" and "B" of the attached
Temporary Construction Easement Deed, for a period in excess of eighteen (18) months
following the date of written notice thereon to perform work. As a condition of exercising the
Construction Easement, the City or its contractors shall provide at least 30 days prior written
notice to Seller before performing work on or about the Property. The eighteen (18) month
term of the temporary construction easement will commence when written notice is provided to
Seller by the City or its contractor(s). Written notice will be provided no later than twelve (12)
months from close of escrow of this Agreement. All work by the City or its contractors shall be
performed in compliance with applicable laws. Further all work done by the City shall not
interfere with the business operations of all the tenants at the Property. The City shall ensure
that the construction easement is kept clean at all times.
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Driveway is to remain one-half of the way accessible at all times during construction. Tenant's
business'will not be disrupted by construction. The City will provide signs for the tenants
stating "Open for Business" and directional signs for the entrance.
I"T'TITAESS WHEREOF, the parties hereto have executed this Agreement the day and year
zet forth herinabove.
MAXqq.�l
CALIFORNIA ASSET PORTFOLIO, INC., A CA
By:
Name: --Robert Bral
Title: General Manaaer
Date:
Z
Date: 0 - 2-2-
(Priut)
Bruce Gridle'yl, Le a1 1; unsel
M AWAN54OW001:1-1,11141 • 1
WAR", M IM, ili'Dwa No OAW, I 6=0 N* i # loll
MAIII-AMIRL" WMIA0103',151,42-4 MAIRIMAUNWAMMI , , -
EKT-'Er
Page I of 5
P.O. BOX 016
DOWNEY, CA 90241-7016
"This document is recorded for the benefit of
the City of Downey and is therefore exempt
from recording fees pursuant to Gov't Code
Section 27363 and exempt from documentary
transfer tax pursuant to Rev. & Tax Code
Section 11922"
APN'6285-002-008 Space above this line is for
Agreement No.`�
L
t6f*1 E*J CA' Or -] IVA I'D 4 AL-KIRULS12 0101,ffil U-TAK41111IVjL41z 00111MI all m In rmLf L:�RM"l 1 *1--111 ei I fflovizi RL- I lo 1r**jp1�-jsjv1 I RIO
SEE ATTACHMENT
EXHIBIT "A'�- LEGAL DESCRIPTION
AND
It is understood and agreed that the rights granted herein shall terminate eighteen (18) months from notification to Grantor by
Grantee of the start of construction. The eighteen (18) month term of the temporary construction easement will commence
when written notice is provided to Seller by the City or its subcontractors. Written notice will be provided no later than twelve
(12) months from dW.seof escrow of Agreement No. 4776.
\/Datcd: GRANTOR:
CALIFORN [A ASSET PORTFOLIO, INC., A CALIFORNIA
CORP 1ON
I V
General Manager
Nam,:::
By:
Its:
Name:
ATTACHMENT "B"
Page 2 of 5
EXHIBIT "A"- Legal Description
W" u1mm NA1
Portion of APN 6295-002-008
Real property situate in the City of Downev, County of Los Angeles, to of California, described as
follows.-,
Being a portion of the lands of California Asset Portfolio, Inc. as described in that certain Grant Deed
recorded September 29, 1998 as Instrument No- 98-1763591, more particularly described as follows-,
COMMENCING at the centerline intersection of Lakewood Blvd- and FloTence Ave,;
Thence along the center of said Lakewood Blvd. South 23'43'48" West, 426,99 feet',
Thence perpendicular to the last described course South 66'1612" East, 60V0 feet to a point on the
sort hersterlye line of said Lakewood Blvd, being also . th-
�, northwesterly corner of the said lands of
California Asset Portfolio, Inc, (hest_ No- 98-176358 1), said point being also the TRUE POINT OF
BEGINNING,
Thence along the northerly line of said lands South 58'02.'48" East� 4-98 feet
Thence leaving said northerly line South 2341'13" West, 1 &03 feet-,
Thence North 58'2 13 1 " West, 4,99 f"t to the southeasterly line of Lakewood Blvd.,
Thence along said southeasterly line. North 23*43'48" East, 18,05 fed to the POINT OF BEGINNING,
Containing an area of 99 square fect, more or less -
As shown on plat attached hereto and tky this reference made part hereof as Exhibit &
For: LFBIKFIEto, inetwi
..
Davis ThresW`P_EKNo`.TWi 411
MEMEL=
11/17/2020
Dated
A-rYA-U?VF:fEn-ryff"
Page 3 of 5
EXHIBIT "B"- For Visual Reference Only, Not for Descriptive Purposes
RMfS QEAEARIN",
FLOMWM AVE
NORTH 23-43'48- EAST, BEING THE CENTERUNE OF
LAKEWOOD BOULEVARD SHOWN AS N,23'4S35"E, ON
THAT CERTAIN PARCEL MAP NO. 10943 AS SERIES
NO. 79-823161 FILED ON JULY 26. 1979 IN BOOK
114 OF PARCEL MAPS AT PAGE 86
LE411END
POO - PONT OF COMMENCEMENT
TCE = TEMPORARY CONSTRUCTION EASEMENT
TP08 TRUE POINT OF BEGINNING
CENTERUNE
DESCRIM AREA
LOT UNE
- - - - - - - - - RECORD LOT LINE
12
—Z
TCE
09 SO. FT,*
. . . . . . . . . . . . . . . . . . . . . . . .
sr
APN 6285---002--022
Page 4 of 5
N notary public or other officer completing this certificate verTles only the identity of the individual who
signed the docinnent to which this cerfificate -is attached, and not the truthfulness, accuracy, or validity of that
tocument.
State of Caliform'a
County of, Ay\eilto,4A
IWA~ NachL�
On 1.311 Q 2- 7— before me- Notq Pubric N2mff Public
jnwrt nativ, Wtl,v �)LLI(Vj �'Wtolf',hf officer)
personally appeared
Name of Signer (2)
M,
owl W
the person(s) acted, executed the
I cert-L4- under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true
and correct -
WHO M,4C9IAAPtP�Aj9
Own
,107
Page 5 of 5
[slog t 3XI 11 i W-1 USE* x a, ZT, VM , -low 0 1 Q
MuLl", 'dolifludifEW 4 MOIJIM131g P:
This is to certify that the temporary easement more particularly described in EXHIBIT "A" and
EXHIBIT "B" to the attached TEMPORARY CONSTRUCTION EASEMENT DEED to the
undersigned City of Downey ("CITY"), the provisions of which instrument are incorporated by this
refereici aj tjoug� ,11% g1l '. j
on behalf of the CITT's Council illembers, and the Urantee consents to r ordation thereof by its duly
authorized officer.
APN: 6285-002-008
By:
ATTACHMENT "C"
usnog#r=.
City and Seller agree to open escrow in accordance with Section 2 of this Agreement.
This Agreement constitutes the joint escrow instructions of City and Seller, and Escrow Agent
to whom these escrow instructions are delivered is hereby empowered to act under this
Agreement. The parties hereto agree to do all acts necessary to close this escrow in the
shortest possible time.
As soon as possible after open of escrow, Seller will execute the respective Easement
Deeds attached to this Agreement as the "Road Deed" and deposit the executed deed with
Escrow Agent on City's behalf. City agrees to deposit the purchase price upon demand of
Escrow Agent. City agree's to deposit with Escrow Agent any additional instruments as may
be necessary to complete this transaction.
Insurance policies for fire or casualty are not to be transferred, and Seller will cancel
Seller's own policies after close of escrow.
All funds received in this escrow shall be deposited with other escrow funds in a general
escrow account(s) and may be transferred to any other such escrow trust account in any State
or National Bank doing business in the State of California. All disbursements shall be made by
check and/or wire transfer from such account.
2. Escrow Agent is Authorized and is Instructed to Comply with the Following
Tax Adjustment Procedure:
A. Pay and charge Seller for any unpaid delinquent taxes and/or penalties and
interest thereon, and for any delinquent or non -delinquent assessments or bonds
against the Property.
B. In the event this escrow closes six months subsequent to execution of this
agreement, and the current tax information is not available from title insurer,
Escrow Agent is instructed to withhold from Seller's proceeds an amount equal to
100% of the prorated amount due based upon the previous fiscal year's second
half tax bill. At such time that the tax information is available, Escrow Agent shall
make a check payable to the County Tax Collector for Seller's prorated portion of
taxes and forward same to the City and shall refund any difference to the Seller.
In the event the amount withheld is not sufficient to pay Seller's prorated portion
of taxes due, the Seller herein agrees to immediately pay the difference.
In the event said tax information is available, Seller's taxes shall be prorated in
accordance with paragraph "C" below.
C, From the date that tax information is available, as per paragraph "B," up to and
including June 30th, Seller's current taxes, if unpaid, shall • prorated to date •
close of escrow on the basis of a 365 day year in accordance with Tax
Collector's proration requirements, together with penalties and interest, if said
current taxes are unpaid after December 10 and/or April 10. At close of escrow,
check payable to the County Tax Collector for Seller's pro-rata portion of taxes
shall be forwarded to City with closing statement.
D. Any taxes which have been paid • Seller, prior to opening • this escrow, shall
not be prorated between City and Seller, but Seller shall have the sole right, after
close of escrow, to apply to the County Tax Collector of said county for refund.
This refund would apply to the period after City's acquisition, pursuant to
Revenue and Taxation Code Section 5096.7.
'kIIIIIIIIIIIIIIII
A. Pay and charge City for 100% of escrow fees and closing costs and any amouWl
necessary to place title in the condition necessary to satisfy this Agreement.
Pay and charge City for 100% of escrow fees and closing costs payable under
this Agreement.
C. • funds and • deeds when conditions of this escrow have •
fulfilled • City and Seller.
The Term "close • escrowif and where written in these instructions, shall mean the
�ate necessary instruments of conveyance are recorded in the office of the County Recorder.
Recordation of instruments delivered through this escrow is authorized if necessary or proper
in the issuance • said •,• of title insurance.
All time limits within which any matter herein specified is to •- performed may be
extended by mutual agreement of the parties hereto. Any amendment of, or supplement to,
any • must • in writing.
4. Time is • the Essence in these Instructions and • is to • as
•• as Possible
If •s • deposit • money by City, which shall be made • City upon demand •
Escrow Agent before close of escrow) this escrow is not in condition to close within forty-five
(45) days from date of these instructions, any party who then shall have fully complied with
these instructions may, in writing, demand the return of their money or property; but if none
have complied, no demand for return thereof shall be recognized until five (5) days after
Escrow Agent shall have mailed copies of such demand to all other parties at the respective
addresses shown in these escrow • and if any objections are raised wn said five
(5) day period, Escrow Agent is authorized to hold all papers and documents until instructed by
a court of competent jurisdiction or mutual instructions. If no demands are made, proceed with
closing • this escrow as soon as possible.
Seller hereby grants to City, or its authorized agents, permission to enter upon the
Property at all reasonable times prior to close of escrow for the purpose of making necessary
or appropriate inspections.
". 11,11-12-1711 11:11ir
Loss or damage to the real property or any improvements thereon, by fire or other
casualty, occurring prior to the recordation of the Deed shall be at the risk of Seller. In the
event that loss or damage to the real property or any improvements thereon, by fire or other
casualty, occurs prior to the recordation of the Deed, City may elect to require that the Seller
pay to City the proceeds of any policy of insurance which may become payable to Seller by
reason thereof, or to permit such proceeds to be used for the restoration of the damage done,
• to reduce the total price • an amount -• to the diminution in value • said Property •
reason of such loss •,: damage • the • • insurance payable to Seller, whichever is
greater. Seller shall not be liable for any loss or damage to Property caused by City upon the
effective date of the Road Deed.
7. Closing Statement
I-M 157304TUMM