Condition of Title Reporting

The City of Tucson has awarded a contract to Fidelity National Title Agency of Arizona for condition of title reporting services. The contract has a term of three years, with the option to renew for an additional year. The vendor will provide title and escrow services to the City, including status of title reports, litigation guarantee reports, and closing statements. The contract has a total payment limit of $100,000. The City reserves the right to terminate the contract at any time, with or without cause, upon giving thirty days' written notice. Some key points of this contract include: • The vendor will provide title reports within two weeks of the initial request for properties with five or less requests. • The vendor will prepare and provide closing statements to the City at least forty-eight hours prior to the close of escrow. • The City will pay the vendor based on an itemized invoice for services rendered. • The vendor must maintain insurance coverage, including commercial general liability, commercial automobile liability, and workers' compensation. • The vendor must comply with all applicable federal, state, and local laws and regulations. This contract is for the provision of title and escrow services to the City of Tucson, and it outlines the terms and conditions of the agreement between the City and the vendor.