Laserfiche WebLink
<br />reports, the study of plats, knowledge of accepted industry construction practices which <br />may be associated with the Project, and Project completion schedules. <br /> <br />5. Negotiate in good faith with all property owners for all parcels ofland designated by the <br />City to be acquired either by purchase or by donation for the Project. Negotiations shall <br />include, but not be limited to the following: <br /> <br />a. Providing each property owner a notice of intent to purchase the property, and a <br />written offer to purchase the required parcel. The offer shall be the fair market value <br />approved as just compensation by the Contract Manager, based on current appraisal <br />information. <br /> <br />b. Making a diligent effort to contact each property owner or property owner's <br />representative to discuss the City's offer, the City's terms of acceptance, the Project's <br />potential effect on the property, and any other issues or concerns a property owner <br />may have related to the negotiation and acquisition process. <br /> <br />c. Attempt to secure each property owner's signature on a Purchase Contract for each <br />parcel of land designated by the City to be acquired for the Project. <br /> <br />d. Use all forms authorized by the Contract Manager for the negotiation and acquisition <br />process, without exception. If special provisions are required or revisions are made to <br />any form, prior written approval must be obtained from the Contract Manager. <br /> <br />6. Submit valid Purchase Contracts and any backup information required by the Contract <br />Manager for review and approval. <br /> <br />a. Consultant will deliver all Purchase Contracts signed by each property owner to the <br />Contract Manager. <br /> <br />b. Contract Manager will review and approve Purchase Contracts, unless otherwise <br />directed by the City Council of the City of San Marcos. <br /> <br />c. Upon approval of a Purchase Contract and signatures by the appropriate City official, <br />the Consultant will pick up the signed Purchase Contract. <br /> <br />d. Consultant will send a copy of the Purchase Contract by fax, mail or hand delivery to <br />each property owner and the Title Company, as applicable, with an estimated closing <br />date. <br /> <br />e. The Title Company will prepare the Settlement Statement (HUD Form l). The <br />Settlement Statement will reflect all closing costs to be incurred by the City for each <br />parcel and a copy of the draft Settlement Statement will be sent to the Consultant for <br />review and use in processing a check request. <br /> <br />f. Consultant will then prepare a check request (the "Request") for each acquisition. <br />The Request will be delivered to the Contract Manager, who will process the Request. <br />The City's check will be made payable to the Title Company, as Escrow Agent for <br />the City. The Request will be in an amount that includes the full amount of the <br /> <br />4 <br />