|
EXHIBIT 2
<br />PURCHASE AND SALE AGREEMENT FOR ACQUISITION OF REAL PROPERTY
<br />AND BILATERAL ESCROW INSTRUCTIONS
<br />THIS AGREEMENT (hereinafter "PSA"), entered into on ,2021,
<br />between the CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the
<br />Constitution and laws of the State of California (hereinafter "City" or "Buyer"), and The Ramboat
<br />Investments, LLC, a California Limited Liability Company (hereinafter "Seller"), regardless of number
<br />or gender;
<br />THEREFORE, for and in consideration of their mutual promises, covenants and agreements, and
<br />subject to the terms, conditions and provisions of this PSA, Seller agrees to sell to City, and City agrees
<br />to purchase from Seller, that certain real property rights (hereinafter collectively "Said Real Property")
<br />legally described as follows:
<br />SEE Exhibits "A" and "A-1"— Legal Descriptions
<br />and Exhibits "B" and "13-1" — Plat Maps
<br />ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF
<br />(Commonly known as 2400 S. Grand Avenue, Santa Ana, CA 92707)
<br />(APN 016-150-71)
<br />Said purchase and sale of Said Real Property shall be in accordance with and subject to all of the
<br />following terms, conditions, promises, covenants, agreements and provisions, to wit:
<br />1. Conveyance by Seller.
<br />A. Seller agrees to convey Said Real Property as set forth in Section 1.13 below to City, by Grant
<br />Deed and easement deed for a temporary easement, at the office of Commonwealth Land
<br />Title Insurance Company, 4100 Newport Place Drive, Suite 120, Newport Beach, California,
<br />within sixty (60) days from and after the date on which the City has approved this Agreement.
<br />B. Seller Agrees to convey to City a 5,508 foot fee acquisition and Six (6) Month 2,681 square
<br />foot Temporary Construction Easement in, on, over and above the portion of property
<br />described on the attached Exhibits "A and A-1" and depicted on the attached Exhibits "B and
<br />B-1" and incorporated herein by the reference.
<br />2. Title to be Conveyed. Seller agrees that, except as may hereinafter be otherwise expressly
<br />provided, Said Real Property shall be conveyed by Seller to City, as aforesaid, free and clear of any and
<br />all conditions, restrictions, reservations, exceptions, easements, assessments, profits, limitations,
<br />encumbrances (whether monetary or non -monetary, general or specific, including any and all leasehold
<br />interests), liens, clouds or defects in title except those exceptions shown in Paragraph 15 below. Seller
<br />hereby warrants that the title to Said Real Property to be conveyed by Seller to City shall be free and
<br />clear as provided above. Seller further agrees that acceptance by City of any deed to Said Real Property,
<br />with or without knowledge of any condition, restriction, reservation, exception, easement, assessment,
<br />profit, limitation, encumbrance (whether monetary or non -monetary, general or specific, and including
<br />any and all leasehold interests), lien, cloud or defect in title, shall not constitute a waiver by City of its
<br />right to the full and clear title hereinabove agreed to be conveyed by Seller to City, nor of any right which
<br />might accrue to City because of the failure of Seller to convey title as hereinabove provided.
<br />
|