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Last modified
12/2/2019 11:22:31 AM
Creation date
12/2/2019 10:59:04 AM
Metadata
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Contracts
Company Name
ERICKSON PROPERTIES
Contract #
A-2001-139
Agency
Public Works
Council Approval Date
7/2/2001
Destruction Year
P
Notes
PURCHASE AGREEMENT 2101 E. EDINGER NTE $15,000 DEED 7994
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of California. All unpaid taxes on said real property for any and all years prior to the fiscal year <br />within which said conveyance is made shall be paid by Seller before conveyance of said real <br />property to City. <br />6. Payment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept from <br />City, as and for the full purchase price for said real property, fixtures & equipment (improvements <br />pertaining to the realty), goodwill (if any), and severance damages the total sum of Fifteen <br />Thousand Dollars And No/100 ($15,000.00). City agrees to deposit said purchase price in <br />escrow with the Escrow Agent within THIRTY (30) days from and after the date on which the <br />City has approved this Agreement, and the Escrow Agent is hereby authorized to pay the same to <br />Seller upon and after: <br />(a) Conveyance of said real property by Seller to City as hereinabove provided; <br />(b) Acceptance by City of a Grant Deed conveying said real property to City; <br />(c) Delivery to City of the policy of title insurance as hereinabove provided; <br />(d) Recordation of the Deed conveying said real property to City. <br />7. Possession. Seller agrees to deliver to City, on the date the Deed conveying said real <br />property to City is recorded, quiet and peaceful possession of said real property, which shall be <br />made free by Seller of all personal property. <br />8. Waivers. The waiver by City of any breach of any covenant or agreement herein <br />contained on the part of Seller shall not be deemed or held to be a waiver of any subsequent or <br />other breach of said covenant or agreement nor a waiver of any breach of any other covenants or <br />agreements contained herein. <br />9. Heirs, Assigns, Etc. This Agreement, and all the terms, covenants and conditions hereof, <br />shall apply to and bind the heirs, executors, administrators, successors and assigns of the <br />respective parties hereto. <br />10. Time is of the Essence. In all matters and things hereunder to be done and in all <br />payments hereunder to be made, time is and shall be of the essence. <br />11. Permission to Enter on Premises. Seller hereby grants City, and its authorized agents, <br />permission to enter upon said real property at all reasonable times prior to close of escrow for the <br />purpose of making necessary inspections. <br />12. Just Compensation. Seller acknowledges and agrees that said purchase price is just <br />compensation at fair market value for said real property and includes any and all fixtures and <br />equipment, goodwill (if any) and severance. <br />13. Notices. The mailing address of the City of Santa Ana is 20 Civic Center Plaza, M-22, <br />P.O. Box 1988, in the City of Santa Ana 92701, County of Orange, State of California. The <br />mailing address of the Seller is: <br />
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