Item 07 - OC Streetcar Purchase and Sale Agreement for City Easement

Home Browse Search

A-2018-175 ORANGE COUNTY TRANSPORTATION AUTHORITY CONFIDENT ®; This document contamu Ntrchase and Sale Agreement Return ORIGINAL information, and pursuant to Civil Code section 1799.21, it shall be kept confidential Executed Copy to COTC in order to protect against unauthorized WUMNCE NOT REQUIRED (M-301T11) disclosure. ®C STREETCAR PROJECT CLERK CF COUNCIL JUL, 3 1 ?Q18 20 Civic Center Plaza Santa Ana. CA 92701 008-067-47 398-221-23, 008-068-09 398-351-04, -05, -07, .08 VyW7rty Address Parcel No(s) APN(s) TBD-Pending FTA Federal Proi ect No. Escrow No. Title Order No, OCS-004-01, -02 OCS-008 OCS-009-01, -02 PURCHASE AND SALE AGREEMENT This PURCHASE AND SALE AGREEMENT ("PSA") is dated for reference purposes as of the( day of u- 2018 ("Date of PSA"), and is being entered into by and between the CITY OF SANTA ANA, a charter city and municipal corporation organized and existing under the Constitution and laws of the state of California ("CITY" or "Seller"), and the ORANGE COUNTY TRANSPORTATION AUTHORITY, a Public Entity, ("AUTHORITY" or "Buyer"), for the acquisition by Buyer of certain real property interests described below. Each will be individually known as "Party" and collectively known as the "Parties". RECITALS WHEREAS, the OC Streetcar Project ("Project") is a modern streetcar system connecting the Santa Ana Regional Transportation Center to Harbor Boulevard and Westminster Avenue in the City of Garden Grove; WHEREAS, the CITY and AUTHORITY entered into COOPERATIVE AGREEMENT No. C-5-3583 ("Agreement") on August 1, 2015 for support of the design phase the Project; WHEREAS, the CITY owns the real property located at the City Hall Parking Structure, Sasscer Park, and the Santa Ana Regional Transportation Center (SARTC), known as APNs 008-067-47; 398-221-23, 008-068-09; and 398-351-04, -05, - 07, -08, in the County of Orange (collectively, the "CITY Property"); WHEREAS, the CITY agrees to sell to the AUTHORITY the CITY property, at the appraised value, necessary for the AUTHORITY to construct, operate, and maintain a traction power substation and related equipment necessary for the Project at the following location described in Amendment No. 2 to the Agreement: (2) easements- City Hall Parking Structure (Traction Power Substation and Public Utility Easement) (Appraise/Sell) WHEREAS, the CITY agrees to grant to the AUTHORITY an easement to use CITY property for streetcar purposes, including the right to construct, operate, and maintain traction power substations and related equipment necessary for the Project at the following two (2) Iocations described in Amendment No. 2 to the Agreement: (1) easement- Santa Ana Regional Transportation Center (Platform and Traction Power Substation and Guideway) (Grant) (1) easement- Abandoned 4th Street adjacent to Sasscer Park (Easement for construction, maintenance, and operation) (Grant) NOW, THEREFORE, the CITY agrees to sell and grant interests in the CITY Property to the AUTHORITY and the AUTHORITY agrees to purchase interests in the CITY Property from the CITY upon the terms and for the consideration set forth in this PSA and through the instruments attached as follows: 1 N20.11-:1kIIPa