Resolution 5666 - Laserfiche WebLink

with all of Rinker's right, title, and interest in and to adjacent streets, alleys, rights-of-way and any strips or gores of real estate adjoining the Transfer Lots and all improvements, structures and fixtures located on the Transfer Lots and all rights, title, and interests appurtenant thereto, including all of the rights, licenses,privileges and easements and rights-of-way, land use entitlements, government approvals,permits and rights and appurtenances pertaining to or used in connection with the beneficial use and enjoyment of the Transfer Lots) to the City by Statutory Warranty Deed free and clear of encumbrances or defects except the Permitted Exceptions under Section 1.7 below. Rinker shall transfer each of the Transfer Lots to the City subject to the satisfaction of the conditions described in Section 1.8. Rinker, and not FSA,will be solely responsible for the developer's obligations in Part One of the Agreement. (b) Timing of Conveyance. Each of the Transfer Lots must be conveyed by Rinker to the City on the following schedule, unless the parties mutually agree otherwise: (1) Lot 45-A,was properly transferred to and accepted by the City on July 11, 2001; (2) Lot 45-B, shall be transferred by October 31, 2005; (3) Lot 45-C, shall be transferred by October 31, 2007, (4) Lot 45-D, shall be transferred by October 31,2007; (5) Lot 45-E, shall be transferred by October 31, 2012. Rinker agrees to complete the work set forth in subsections (c) and(d)below, as well as those conditions listed in Section 1.8, and notify the City of its readiness to convey each Transfer Lot 2004 Revised Development Agreement 4 8/23/2005