Resolution 4870 - Laserfiche WebLink

(approximately 29 acres), which are legally described on Exhibit B attached hereto. CSR-Associated shall convey the Transfer Lots (together with all of CSR-Associated'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 1.6 below. CSR-Associated shall transfer each of the Transfer Lots to the City in accordance with the conditions described in Section 1.7. CSR-Associated, and not FSA, will be solely responsible for the developer's obligations in Part One of the Agreement. (b) Timing of Conveyance. The Transfer Lots must be conveyed to the City on the following schedule: (1) Lot 45-A, by no later than sixty(60) days following execution of this Agreement; (2) Lot 45-B, by no later than October 31, 2002; (3) Lot 45-C, by October 31, 2006, or by such time as CSR-Associated has deposited a minimum of 1.6 million tons of fill material on Lots 45-B and 45-C, whichever date is later: Provided that in no event shall such conveyance be made later than the term of this Agreement; and provided further that, such conveyance shall be made sooner in the S:\GDoughty\W IN WORD\CSR\AgreementFinal.doc 3 Seattle/2.8.00