Resolution 4870 - Laserfiche WebLink

Diligence Period, this inspection contingency shall be deemed to have been waived and the Agreement shall continue in full force and effect. 1.4 Access. The City and its employees, agents, consultants and advisers may enter upon the Transfer Lots and make such inspections and tests (including soil borings and environmental tests) of the Transfer Lots as City deems desirable. CSR-Associated shall provide City and City's employees, agents, consultants and advisers, with reasonable access to the Transfer Lots and shall provide reasonable access to all information respecting the Transfer Lots in CSR-Associated's possession or control. To the extent not covered by insurance, City shall indemnify, defend and hold CSR-Associated harmless from and against any claims for personal injury or death or property damage caused by City's exercise of its right to access the Transfer Lots under this Section, except to the extent caused or contributed to by CSR-Associated's own negligence or willful misconduct. City shall keep the Transfer Lots free and clear of any liens arising out of any work performed on City's behalf under this Section. 1.5 Prorations. Prorations between CSR-Associated and City shall be calculated as of 12:01 a.m. on the Transfer date, as if City were vested with title to the Transfer Lot(s) during the entire day of the Transfer Date, based on the actual number of days in the month in which the Close of Escrow occurs and a three hundred sixty-five (365) day year. All nondelinquent real property taxes, assessments and other items of expense concerning the Transfer Lot(s), if any, shall be prorated between CSR-Associated and City as of 12:01 A.M. on the date of the Close of Escrow. CSR-Associated shall pay for the title policy and the costs of recording the deeds. The parties shall each pay one-half of any escrow fees. S:\GDoughty\WINWORD\CSRWgreementFinal.doc 10 Seattle/2.8.00