Resolution No. 2016-004 (5)First American Title Company
National Commercial Services
4380 La Jolla Village Drive, Suite 110 •San Diego, CA 92122
Office Phone: (858)410-39000ffice Fax:
Buyer's Final Settlement Statement
Amended: Wednesday Feb 3, 2016 3:32 PM
Property: 3200 Fruitland Avenue, Vernon, CA File No: NCS-666223-SD
Officer: Janine Hudson/AR
Settlement Date: 02/02/2016
Disbursement Date:
Print Date: 02/11/2016, 3:22 PM
Buyer: Fruitland Owner LLC
Address: 11000 Wilshire Blvd., #24710, c/o Cohen Asset Management, Inc., Attn: Bradley S. Cohen, Los Angeles,
CA 90024
Seller: Pechiney Cast Plate, Inc.
Address: 4700 Daybreak Parkway, South Jordan , UT 84095
Charge Description
Buyer Charge
Buyer Credit
Consideration:
Total Consideration
24,173,085.00
Deposits in Escrow:
Receipt No. 191127104 on 04/15/2015 by NORTH AMERICAN TITLE CO FBO City of
Vernon
600,000.00
Receipt No. 191127105 on 04/15/2015 by NORTH AMERICAN TITLE CO FBO City of
Vernon
23,258.37
Adjustments:
Funds deposited by City/Released to Seller
25,600,000.00
Unsecured Note from Seller to City of Vernon
1,426,915.00
Extension Fees 8 @ $25,000.00 each
200,000.00
Credit to seller for 1/2 costs of LLA
7,330.60
IBA Interest Paid
403.02
Prorations:
2nd half 2015-16 taxes Parcel 13 01/01/16 to 02/02/16 $31418.30/semi
5,508.96
Partial 2nd half 2015-16 taxes (Parcel 12) 01/01/16 to 02/02/16 @$23141.94/semi
4,057.76
Commission:
Commission Paid by City at Settlement to Cushman & Wakefield
362,596.27
Title/Escrow Charges to:
Closing -Escrow Fee to First American Title Company National Commercial Services
3,250.00
Disbursements Paid:
IBA Set Up/Wire Fee to North American Title POC $70.00
Return of Excess Funds to City of Vernon
60,051.24
Totals
26,233,228.11
26,233,228.11
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