Resolution No. 2016-004 (4)Y AMP" First American Title Company
National Commercial Services
777 South Figueroa Street, Suite 400 • Los Angeles, CA 90017
Office Phone:(213)271-17000ffice Fax:(877)805-5023
Seller's Settlement Statement
Property: APN 6310-008-12, 6310-008-13 , and 6310- File No: NCS-747243-LA2
008-800, Los Angeles, CA Officer: Maurice Neri/MN
Estimated Settlement Date:
Disbursement Date:
Print Date:
Buyer: Fruitland Owner LLC
Address:
Seller: City of Vernon
Address:
Lender: Available
Address:
New Loan No.:
02/02/2016
02/01/2016, 4:27 PM
Charge Description
Seller Charge
Seller Credit
Consideration:
Total Consideration
22,556,769.00
Adjustments:
Initial deposit released to Seller N/A pprice
250,000.00
Credit to Seller for 1/2 costs LLA
7,330.60
Cr. Seller escrow fee w/Pechine San Diego)
3,250.00
Extension deposits -section 3.6 N/A to price
75,000.00
Prorations:
Partial 2nd half Taxes (6310-008-12) 01/01/16 to 02/02/16 @$23141.94/semi
4,057.76
2nd half Taxes (6310-008-13) 01/01/16 to 02/02/16 @$31418.30/semi
5,508.96
Title/Escrow Charges to:
Closing -Escrow Fee 1/2 to First American Title Company National Commercial Services
3,250.00
Disbursements Paid:
Extension deposits released 10/09/15 to Light & Power Account
75,000.00
Balance of deposit released 11/03/15 to Light & Power Account
250,000.00
Cash (X To) ( From) Seller
22,554,532.88
Totals
22,892,349.60 22,892,349.60
Seller(s):
City of Vernon
By:_
Name:
Title:
Initials: Page 1 of 1
CITY:
THE CITY OF VERNON
By:
Michael McCormick, Mayor
ATTEST:
Mari E. Ayala, i y Clerk
APPROVED VO FORM:
u A 4
Hema "Pa el, ity Attorn
CITY/OWNER SET'rL.EMENT STATEMENT