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• INSURANCE NOT REQUIRE ,,, N-2008-102 <br />' WORK MAY PROCEE <br />CLERK Of COUNCIL <br />PURCHASE AND SALE AGREEMENT <br />DATE; ~-~ 5 `U~ AND BILATERAL ESCROW INSTRUCTIONS <br />U - Pul A ~ ~) FOR ACQUISITION OF REAL PROPERTY <br />C~nc( C arnez <br />~ THIS AGREEMENT ("PSA"), entered into on _~u,2~ ~`] ,2008, <br />between the CITY OF SANTA ANA, a charter city and municipal corporation duly organized <br />under the Constitution and laws of the State of Califomia ("City" or "Buyer"), and Juan and Ana <br />Maria Gonzalez ("Seller"), regardless of number or gender; <br />THEREFORE, for and in consideration of their mutual promises, covenants and agreements, <br />and subject to the terms, conditions and provisions of this PSA, Seller agrees to sell to City, and <br />City agrees to purchase from Seller, a portion of that certain real property ("Said Real <br />Property") legally described and depicted as follows: <br />SEE Exhibit "A" -Legal Description <br />and Exhibit "B" -Graphical Depiction <br />ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF <br />(Commonly known as a portion of 1235 West Raymar Street, Santa Ana, California 92703) <br />Said purchase and sale of Said Real Property shall be in accordance with and subject to all of <br />the following terms, conditions, promises, covenants, agreements and provisions, to wit: <br />1. Conveyance by Seller. Seller agrees to convey Said Real Property to City, by Grant <br />Deed, within thirty (30) days from and after the date on which the City has approved this PSA. <br />2. Title to be Conveyed. The Seller's interest to the Real Property will be conveyed to City by <br />Seller by Grant Deed as set forth in Exhibit "C" to this PSA. <br />3. Prooerty Taxes. Real property taxes, if any, on Said Real Property for the fiscal year <br />within which Said Real Property is conveyed to City as are unpaid at the time of said conveyance <br />shall be cleared and paid in accordance with the provisions of Section 4986 and 5081 of the <br />Revenue and Taxation Code of the State of California. All unpaid taxes on Said Real Property <br />for any and all years prior to the fiscal year within which said conveyance is made shall be paid <br />by Seller before conveyance of Said Real Property to City. <br />4. Payment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept from <br />City, as the full purchase price for Said Real Property, including payment for fixtures & <br />equipment, improvements pertaining to the realty, goodwill (if any), severance damages (if any), <br />access rights during construction, and any and all other interests for which compensation could be <br />owed, the total sum of EIGHT THOUSAND EIGHT HUNDRED SEVENTY-FIVE AND <br />NO/100 DOLLARS ($8,875.00). <br />5. Deadline for Payment of Purchase Price. City agrees to pay the purchase price of EIGHT <br />THOUSAND EIGHT HUNDRED SEVENTY-FIVE AND NO/100 DOLLARS ($8,875.00) to <br />Page 1 of 9 <br />