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FULL PACKET_2018-07-17
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FULL PACKET_2018-07-17
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7/17/2018 5:06:34 PM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Date
7/17/2018
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ORANGE COUNTY TRANSPORTATION AUTHORITY CONFIDENTIAL <br />This document contains personal <br />Purchase and Sale Agreement information, and pursuant to Civil Code <br />section 1798.21, it shall be kept confidential <br />in order to protect against unauthorized <br />disclosure. <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />Property Address <br />OC STREETCAR PROJECT <br />OCS-004-01, -02 <br />OCS-008 <br />OCS-009-01, -02 <br />Parcel No(s) <br />008-067-47 <br />398-221-23,008-068-09 <br />398-351-04,-05,-07,-08 <br />APN(s) <br />TBD -Pending FTA <br />Federal Project No. Escrow No. Title Order No. <br />PURC-HASE-AND.,SALE AGREEMENT <br />This PURCHASE AND SALE AGREEMENT ("PSA") is dated for reference purposes as of the _ day of 2018 <br />("Date of PSA"), and is being entered into by and between the CITY OF SANTA ANA, a charter city and municipal <br />corporation organized and existing under the Constitution and laws of the state of California ("CITY" or "Seller"), and the <br />ORANGE COUNTY TRANSPORTATION AUTHORITY, a Public Entity, ("AUTHORITY" or "Buyer"), for the <br />acquisition by Buyer of certain real property interests described below. Each will be individually known as "Party" and <br />collectively known as the "Parties". <br />RECITALS <br />WHEREAS, the OC Streetcar Project ("Project') is a modem streetcar system connecting the Santa Ana Regional <br />Transportation Center to Harbor Boulevard and Westminster Avenue in the City of Garden Grove; <br />WHEREAS, the CITY and AUTHORITY entered into COOPERATIVE AGREEMENT No. C-5-3583 ("Agreement') <br />on August 1, 2015 for support of the design phase the Project; <br />WHEREAS, the CITY owns the real property located at the City Hall Parking Structure, Sasscer Park, and the Santa Ana <br />Regional Transportation Center (SARTC), known as APNs 008-067-47; 398-221-23, 008-068-09; and 398-351-04, -05, - <br />07, -08, in the County of Orange (collectively, the "CITY Property"); <br />WHEREAS, the CITY agrees to sell to the AUTHORITY the CITY property, at the appraised value, necessary for the <br />AUTHORITY to construct, operate, and maintain a traction power substation and related equipment necessary for the <br />Project at the following location described in Amendment No. 2 to the Agreement: <br />(2) easements- CityrHall.=Parking�Structure'(-Traction"Power'Substation.ands,Public�Utility_-Easement) <br />(Appraise/Sell)'" <br />WHEREAS, the CITY agrees to grant to the AUTHORITY an easement to use CITY property for streetcar purposes, <br />including the right to construct, operate, and maintain traction power substations and related equipment necessary for the <br />Project at the following two (2) locations described in Amendment No. 2 to the Agreement: <br />(1) easement- Santa Ana Regional Transportation Center (Platform and Traction Power Substation and <br />Guideway) (Grant) <br />(1) easement- Abandoned 4th Street adjacent to Sasscer Park (Easement for construction, maintenance, <br />and operation) (Grant) <br />NOW, THEREFORE, the CITY agrees to sell and grant interests in the CITY Property to the AUTHORITY and the <br />AUTHORITY agrees to purchase interests in the CITY Property from the CITY upon the terms and for the consideration <br />set forth in this PSA and through the instruments attached as follows: <br />EXHIBIT 2 <br />20A-9 <br />
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