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A-2024-167 <br /> INSURANCE NOT REQUIRED <br /> WORK MAY PROCEED <br /> CITY CLERK <br /> DATE: NOV 1 8 2024 <br /> FIRST AMENDMENT <br /> O:Pweq.2-) <br /> 1 c ) 619 to TO <br /> PURCHASE AND SALE AGREEMENT <br /> THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT ("First <br /> Amendment") is made and entered into this 15th day of October 2024 ("Effective Date") by and <br /> among BRISTOL CENTER PROPERTIES, LLC, a California limited liability company <br /> ("Owner") as successor in interest to SOUTHWEST GROUP PROPERTIES, LLC, a California <br /> limited liability company("Buyer")and 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 <br /> ("Seller"or"City"). As used herein, Owner, Buyer and Seller may be referred to collectively as <br /> the"Parties" and each individually as a"Party." <br /> RECITALS <br /> A. The Seller and Buyer entered into that certain Purchase and Sale Agreement dated <br /> the 15th day of December 2021 ("Agreement")for the sale by the Seller to the Buyer of the City's <br /> fee simple interest in that certain real property consisting of approximately 18,290 square feet <br /> located at 1601 N.Bristol Street(APN 405-252-21)and 1 607 N.Bristol Street(APN 405-252-22), <br /> Santa Ma, California, legally described in Exhibit"A" attached hereto and incorporated herein <br /> by this reference (the"Property"). <br /> B. The close of escrow occurred on May 19, 2022 ("Close of Escrow") and a grant <br /> deed was recorded transferring the fee simple interest from the Seller to the Buyer,a copy of which <br /> is attached hereto as Exhibit`B" and incorporated herein by this reference("Grant Deed"). <br /> C. Concurrently with the Close of Escrow and subsequent to the recording of the Grant <br /> Deed,the Buyer transferred its fee simple interest from Buyer to Bristol Center Properties, LLC, <br /> a California limited liability company ("Owner") and successor in interest to Southwest Group <br /> Properties, LLC, a copy of which is attached hereto as Exhibit "C" and incorporated herein by <br /> this reference ("Bristol Centers Grant Deed"). <br /> D. The Parties now desire to amend the Agreement in connection with certain <br /> conditions and covenants that survived the Close of Escrow. <br /> NOW, THEREFORE, in consideration of the mutual covenants and agreements herein <br /> contained, and other good and valuable consideration, the receipt and sufficiency of which are <br /> hereby acknowledged,the Parties agree as follows: <br /> 1. Incorporation of Recitals. The Recitals set forth above are true and correct and are <br /> incorporated into this First Amendment in their entirety. <br /> 1 <br /> 8.1.24 CAB <br />