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meaning of Internal Revenue Code Section 14450)(3), and setting forth <br /> the Owner's United States employer identification numbers and Owner's <br /> business addresses; and <br /> (iv) such additional duly executed instruments and documents as the Escrow <br /> Agent may reasonably require to complete the transaction contemplated <br /> by this Agreement. <br /> C. City shall deposit into escrow: <br /> (i) an executed copy of this Agreement; <br /> (ii) a duly executed Certificate of Acceptance, as required by California Government <br /> Code §27281; <br /> (iii) such additional duly executed instruments and documents as the Escrow Agent <br /> may reasonably require to complete the transaction contemplated by this <br /> Agreement:, and <br /> (iv) prior to the closing date, deposit by wire transfer all sums payable by City <br /> pursuant to Section 2, plus Title Policy premium, and estimated closing costs. <br /> D. The Parties intend to close escrow by approximately June 1, 2011 which may be <br /> adjusted by mutual consent of City and Owner. The Escrow Agent shall close <br /> escrow by: <br /> (i) causing the Grant Deed for the Property to be recorded in the official records of <br /> Alameda County, California; <br /> (ii) issuing the Title Policy and delivering the same to the City; <br /> (iii) distributing the monies constituting the purchase price to Owner; and <br /> (iv) delivering to the City the original Grant Deed, together with a conformed copy <br /> thereof indicating recording information thereon. <br /> 5. Closing Costs. The City shall pay all title insurance and title report costs, escrow fees <br /> (including costs of preparing documents and instruments), and recording fees. The transfers <br /> contemplated by this Agreement are made to a municipal corporation, and are exempt from County <br /> Transfer Tax and recording fees. <br /> 6. Sale of Property in As -Is Condition with Informational Inspection. The Parties agree <br /> that the sale of the Property shall be in an as -is condition. Owner shall provide City and its agents <br /> the right to conduct an informational inspection of the Property. City acknowledges that the <br /> inspection is for the purposes of the City's information, and the City may not request or require that <br /> Owner undertakes any repair, maintenance or improvements of the Property. <br /> 7. Relocation. The Parties agree that the sale of the Property shall not require any <br /> Government Code §7260 relocation benefits to the Owner. Owner is voluntarily selling the Property <br /> to City and is not displaced. <br /> Page 2 of 3 <br />