HALL, JOHN, REVOCABLE LIVING TRUST, THE

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2-p50 I ,t 4,. w%uNt:IL THE CITY OF SANTA ANA, CALIFORNIA N-200 AGREEMENT FOR ACQUISITION OF REAL PROPERTY AND ESCROW INSTRUCTIONS e� THIS AGREEMENT, entered into this Loday of M IQ y , 2001„.by and between the CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the Constitution and laws of the State of California (hereinafter referred to as the"City"), the JOHN C. HALL TRUST DATED DECEMBER 19, 2001 (hereinafter called "Seller"), regardless of number or gender; RECITALS 1. The City is acquiring a portion of the real property located at 13972 N. Tustin Avenue from Seller for the express purpose of widening 17' Street in front of the subject property and it is the City's sole responsibility to undertake and complete said street widening in a timely manner, including construction of the planned sidewalk, traffic signalization, curb and gutters and drainage improvements. City herein confirms that Seller shall incur no expense for the relocation of power poles to their ultimate location. 2. Seller agrees to pay City for the "incremental" cost to relocate the traffic signal currently residing at the northeast corner of the intersection of 17' Street and Tustin Avenue to its "ultimate" location. Said incremental costs are estimated to be $10,000. 3. City agrees, as part of this transaction, to allow the Seller or Seller's tenant to hook-up to City's sewer system on 17' Street. City agrees that, should no a sewer lateral exist, City shall construct a sewer lateral, and pay for the first $5,000 of the cost thereof, with the Seller being responsible for any cost in excess of $5,000. WITNESSETH Given the above and in consideration of their promises, covenants and agreements hereinafter set forth, and subject to the terms, conditions and provisions hereinafter set forth, Seller agrees to sell to City, and City agrees to purchase from Seller, all that certain real property (hereinafter referred to as "said real property") described as follows: All that certain real property located in the State of California, County of Orange, City of Santa Ana, described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF (Commonly known as 13972 N. Tustin Avenue, Santa Ana, CA) Said sale and purchase of said real property shall be in accordance with and subject to all of the following terms, conditions, promises, covenants, agreements and provisions, to wit: I. Conveyance by Seller. Seller agrees to convey said real property to City, by Grant Deed, at the office of First American 'Title Insurance Company, 2 First American Way, Santa Ana, California, within thirty (30) days from and after the date on which the City has approved this Agreement. 1