Item A: Beam Development Purchase and Sale Agreement Terms

Home Browse Search

redevelopment of the Centre Court/Vacant Lot Property pursuant to this Agreement. The Exhibit E-2 terms of the Centre Court/Vacant Lot Construction Loan are set forth in . “CC/VLP” 1.7 means certain real property, located ENTRE OURTACANT OT ROPERTY Exhibit A-1 within the City of Eugene, more particularly described in . “C” 1.8 means the City of Eugene, Oregon. ITY “CL” 1.9means a “gross” lease between Beam, as lessor, and City, as ITY EASE lessee, under which, subject to certain conditions set forth in a separate written agreement between the City and Beam, City will lease a certain amount of space in the Newly Constructed Building. The conditions are included in Section 6.1 and the Exhibit F material terms of the City Lease are set forth in . “C” 1.10 means the conveyance of the Property to Beam by Agency by LOSING Deed. “CD” 1.11 means the date on which Agency conveys the Property to LOSING ATE Beam and disburses the Loans proceeds to Beam. The Closing Date shall occur no later than July 7, 2008. “C” 1.12 means the Eugene Code, 1971, effective as of June 16, 1971 as a result ODE of adoption of Ordinance No. 16226. “CC” 1.13 means the date upon which Buyer has OMMENCEMENT OF ONSTRUCTION (i) obtained building permits from the City, (ii) obtained construction financing, in an amount sufficient to complete redevelopment of the Project in accordance with this Agreement, on terms acceptable to Beam AND (iii) issued a notice to proceed to the general construction contractor for the Project pursuant to a binding contract for construction. CP” 1.14 “ mean elevations and other plans and information showing ONCEPTUAL LANS or demonstrating certain design elements, describing the uses and generally defining the size and scope of the Project improvements. CPS” 1.15 “ means the final plans and ONSTRUCTION LANS AND PECIFICATIONS specifications for the construction of the Newly Constructed Building and the rehabilitation of the Centre Court Building. “D” 1.16 means, collectively, bargain and sale deeds for the Centre Court/Vacant EED Lot Property and the Washburne Property duly executed and acknowledged by Seller, conveying good and marketable fee simple title to Buyer subject to Seller’s right of re- Exhibit B entry and the Permitted Exceptions, if any, substantially in the form of . “DD” 1.17 shall mean site and engineering plans, elevations and ESIGN RAWINGS typical cross sections identifying the Project buildings and other elements, including Page 3 - PURCHASE AND SALE AGREEMENT – DRAFT #3 (20 May 2008)