Agenda - 03-21-2000-7a - Laserfiche WebLink

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zo as the Fund shall deem necessary to effectuate'the recordation and effectuation of the Conservation Easement 3.3. Pro osed Conservation Easement. A proposed Conservation Easement showing the State of North Cazal,iraa ("State") as grantee and otherwise in form satisfactory to'the Fund (the "Conservation Easement"). 3.4. Zonin and Re atv Com fiance. Evidence that the Property is or will be zoned to allow the uses described on Exhibit A attached hereto, and that other requixed regulatory approvals have or will be obtained, and there are no hazardous materials, wastes, or other environmentally regulated substances in, on or under the Property and no environmental condition that may prohibit or impede the Grantee's intended use of the Property as described on Exhibit A attached hereto. 3.5. Title Insurance Binder. A standard ALTA title insurance binder, with a policy to be delivered after closing, for the' Property from a company approved .by the Fund without exception as to matters of survey: (a) providing coverage for the full principal amount of the Grant used to purchase the Property; , (b) listing only those title exceptions acceptable to the Fund; and (c) including insurance of all appurtenant easements, if any.. 3.6. Title Exceptions, Copies of all recorded documents creating exceptions to the Title Palicy. 3.7. Survev, Three (3) copies (Twa full-sized, one 8 '/z by 11 inch) of a complete and accurate survey of the Praperty made within 90 days prior to the closing of the Property Acquisition. 3.8. Appraisal. Appraisal(s) of the value of .the Property, satisfactory to the Fund, performed by an independent certified appraiser acceptable to the Fund and consistent with regulations or policies of the State Property Office and policies of the Fund which reflects that the Grantee did not pay in excess of a current fair market value of the Property. 3.9. Environmental,,, Report. An environmental report regazding the environmental condition of the Property satisfactory to the Fund. 3.10. Taxes. Evidence that the ad valorem taxes have been paid through the yeaz prior to the yeaz in which the Property Acquisition is to take place under this Grant Agreement, and information as to tax pazcel identification nuanbers, tax rates, estimated tax values and the identities of the taxing authorities. SECTION IV Disbursement of Ac uisition Funds 4.1. Timm . Disbursemern of Grant funds shall be made at the closing of the Property Acquisition (the "Closing's or as a reimbursement to Grantee subsequent to Closing. Orange County 99A-017 Contract.doc 12/07/99 9:32 AM 3