Questions and Answers Amendment 0001.pdf

Questions and Answers for Amendment 0001

1. The government will need an ALTA US policy for the fair market value of the three parcels in Hales County. What is the fair market value of these three parcels so that a title premium can be determined? $2,221,000

2. Several places in the solicitation it addresses ownership of surface and subsurface rights. Please confirm that a mineral search is not required and that only determination of severance of subsurface rights is needed. Correct.

3. Section III Item (5) states that at ARS’ request the Contractor is to obtain necessary curative instruments to ensure merchantable, insurable title. Then in Section V. paragraph B, line 5 it states that “ … Upon ARS’ request, work with USDA Office of General Counsel to cure specific title insurance exceptions to the Parcels. Please elaborate.

a. Is it the Contractor’s responsibility to prepare curative documents, obtain signatures and record them? Yes, if req’d.

b. Or, is it the Contractor’s responsibility to obtain signatures on curative documents prepared by OGC and record them?

c. Or, is it the Contractor’s responsibility to review curative documents prepared by OGC?

4. Please provide the ownership deeds for the three parcels. These are needed to determine the extent of the search. Deed included.

5. Does the government have the tax parcel numbers for each of these parcels? If yes, please provide them. SOGC will need to provide; shouldn’t need them to submit a proposal.

6. The DOJ Title Standards state the search period based on the market value of the acquisition. Can you please provide the fair market value for these three parcels? As stated:

$2,221,000 (per the approved land exchange agreement, based on negotiated appraisals)

7. What is the time frame for closing once the Contractor receives the authorization? Estimated: 4-

6 Months

8. If a proforma title policy, marked up title commitment, or updated title commitment is required what is the time frame for the delivery? Anticipate all services covered by the contract to be performed in the 4-6 Mo. Timeframe. Multiple parties involved in transaction/can only estimate their timeframes to perform their actions – which could impact the P.O.P. for this contract.

9. Will an Acceptance by Grantee page need to be executed? Anticipated yes.

10. Please clarify who prepares each of the QCDs for this exchange. Expect a collaboration between

USDA-OGC & SOGC legal; expect OGC to take the lead.

11. Is the Contractor responsible for recording the QCD from ARS to SOGC? Per S.O.W. (C-15) – record both deeds