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C. CPED real estate acquisition staff <br /> D. City Assessor's Office (with copy of CRV) <br /> E. CPED engineering staff <br /> F. Public Works property/construction management staff <br /> G. State Auditor(with copy of council report) <br /> H. City Finance Department <br /> iii. Provide CPED construction management staff with a copy of executed <br /> Redevelopment Contract and signed redeveloper letter <br /> iv. Deliver original loan documents to CPED contract management(if applicable) <br /> Project coordinator will monitor the following: <br /> i. Project coordinator will monitor soil escrow accounts and prepare payment <br /> authorizations and payment requests as required. On more complex projects, <br /> Project coordinator should have CPED Engineering staff review payment requests <br /> before authorizing payment. <br /> e. Project Completion (End Closing) <br /> Following the project completion, CPED real estate staff will confirm/complete the <br /> following: <br /> i. Obtain &forward copy of Purchase Agreement to CPED Appraiser for review <br /> ii. Notify CPED construction management staff that project is complete <br /> iii. Obtain final inspection results & copy of occupancy certificate from construction <br /> management staff <br /> iv. Obtain approval from Project Coordinator to issue Certificate of Completion. If <br /> appropriate, recommend to purchaser that developer establishes a completion <br /> escrow for end user/purchaser's benefit to secure completion of post-Certificate of <br /> Completion items at 1.5X the cost of remaining work. CPED is not to be a party to <br /> the escrow agreement and does not conduct any additional inspections after <br /> issuance of the Certificate of Completion. <br /> v. Review title commitment& prepare Certificate of Completion &Affidavit of <br /> Purchaser <br /> vi. Prepare necessary release document(i.e. Satisfaction of Mortgage, Partial <br /> Release of Mortgage, Assignment of Mortgage, etc.) & compute payoff <br /> vii. Provide necessary documents to closer and/or Redeveloper <br /> viii. Prepare good faith deposit refund payment request &forward payment to <br /> redeveloper <br /> ix. Prepare payoff proceeds remittance &deliver to CPED finance (if applicable) <br /> Updated as of 10/6/04 23 <br />