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<br />-, c <br /> <br />. <br /> <br />. <br /> <br />CEOlReal Estate <br />CEOIPC/CEO-02-002 <br />Forrest Paul Park Parcel <br /> <br />A-2002-020 <br /> <br />3 <br /> <br />5 <br /> <br />PURCHASE AND SALE AGREEMENT <br /> <br />7 <br /> <br />DATE: Apr') I q <br /> <br />. 2002, at Santa Ana, California. <br /> <br />9 <br /> <br />BUYER: CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the <br />11 Constitution and laws of the State of California. <br /> <br />13 SELLER: COUNTY OF ORANGE. a political subdivision of the State of California. <br /> <br />15 <br /> <br />For valuable consideration, BUYER agrees to purchase and SELLER agrees to sell the property described in <br />17 Exhibit A and sho'WTI on Exhibit B, both attached hereto, upon the terms and conditions stated herein for the <br />purchase price of: <br /> <br />19 <br /> <br />Twenty Thousand Six Hundred Thirty Four Dollars ($20,634), ("Purchase Price"). <br /> <br />21 <br /> <br />BUYER herewith gives SELLER a good faith deposit, hereinafter referred to as the "Purchase Deposit", in <br />23 the amount of One Thousand Dollars ($1,000). Said Purchase Deposit is equal to approximately five percent <br />(5%) of the purchase price, stated above. <br /> <br />"'- <br />-) <br /> <br />1. ESCROW (S) <br /> <br />27 <br /> <br />The escrow company sho'WTI below shall be the "Escrow Holder" for this purchase. <br /> <br />29 <br /> <br />Escrow Holder <br /> <br />31 <br /> <br />~~ <br />-"-' <br /> <br />First American Title Company <br /> <br />2 First American Way <br /> <br />~ - <br />-') <br /> <br />C:rlnrrl <br /> <br />I:>.nrl ('I:>. Q?707 <br />. <br /> <br />37 <br /> <br />39 <br /> <br />(71~) 800 ~889 rnnT1~ <br /> <br />..+1 <br /> <br />(714) ROO-4784 fax <br /> <br />BUYER and SELLER agree to execute escrow instructions reasonably required by the Escrow Holder. <br />..+3 Signed escrow instructions shall be delivered to the Escrow Holder within five (5) business days after the <br />date of this agreement and shall provide for close of escrow within forty-five (45) calendar days after the <br />..+5 date of this agreement, or sooner if it is mutually desirable to BUYER and SELLER. The term of escrow <br />shall not be extended unless authorized in writing by SELLER. <br /> <br />..+7 <br /> <br />Close of escrow shall be the date that the documents are recorded by the Orange County Recorder. If escrow <br />..+9 does not close within the original forty-five (45) day term. or within the term of any authorized extension. <br />CEOC,n .(S~ A_""", Page 1 of 7 J.....n ". ~t'" <br />CEO'PC;CEQ..02..oo1 Fom:sa Paul Pan. Purdwc ",m:~nl <br />