Cities Index.
Att 2 Estimated Acquisition Budget

City Council/Public Financing Authority
July 2, 2024

Document
Att 2 Estimated Acquisition Budget
Meeting
July 2, 2024
Body
City Council/Public Financing Authority
Original file
107 KB
Text extracted from the city's file for reading and search. Open the original on huntingtonbeach.legistar1.com. That file is the official record.

Acquistion Estimate
Bemis Lot Bemis Lot
110-152-23 110-182-11
Purchase Price 25,000.00$ Purchase Price 25,000.00$ Items Debits Credits/Refunds Items Debits Credits/Refunds Earnest Money Deposit -$ Earnest Money Deposit -$ Property Taxes @ $125.32 25.06$ Property Taxes @ $123.94 24.79$ Commission @ 3% of Sales Price -$ Commission @ 3% of Sales Price -$ Title Owners Policy 2,500.00$ Title Owners Policy 2,500.00$ Title Sub-Escrow 45.00$ Title Sub-Escrow 45.00$ Courier 100.00$ Courier 100.00$
Title - Wire Fee 75.00$ Title - Wire Fee 75.00$ County Transfer Tax 27.50$ County Transfer Tax 27.50$ Escrow Fee 1,700.00$ Escrow Fee 1,700.00$
National Hazard Disclosure Reports 74.50$ National Hazard Disclosure Reports 74.50$ Escrow PAD 400.00$ Escrow PAD 400.00$
Subtotals 4,947.06$ -$ Subtotals 4,946.79$ -$ Adjusted Sales Price (cash to close) 29,947.06$ Adjusted Sales Price (cash to close) 29,946.79$ Due Diligence Fees Due Diligence Fees
Environment Site Assessment - Phase 1 3,500.00$ Environment Site Assessment - Phase 1 3,500.00$ Appraisal 2,500.00$ Appraisal 2,500.00$
Estimated Acquistion Total 35,947.06$ Estimated Acquistion Total 35,946.79$

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