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FULL PACKET_2010-08-02
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FULL PACKET_2010-08-02
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7/26/2016 4:18:43 PM
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7/29/2010 12:05:53 PM
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City Clerk
Doc Type
Agenda Packet
Date
8/2/2010
Destruction Year
2015
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6. moment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept from <br />City, as and for the full purchase pr ce for said real property, fixtures & equipment (improvements <br />pertaining to the realty), goodwill (if any), and severance damages, the total sum of ONE HUNDRED <br />FIFTY THOUSAND AND NO1100 DC'._LARS ($150.000). City agrees to deposit said purchase price in <br />escrow with the Escrow Agent within THIRTY (:30) days frorn and after the date on which the City has <br />approved this Agreement, and the Escrow Agent is hereby authorized to pay the same to Seller upon <br />and after: <br />(a) Conveyance o` said real oroperty icy Selic-1 to City as hereinabove provided; <br />(b) Acceptance by Cite of a Grant Deed conveying said real property to City; <br />(c) Deliver, to City of the poli;;y of tiiie inswance; as he-einabove provided; <br />(d) Recordation of -the Deed said real property to City. <br />7. Possession. ;Se;!ler agreta to d.=:iiv,:r io City, on the date the Deed conveying said real <br />property to City is recorded, quiet and peaceful possession of said real property, which shall be made <br />free by Seller of all personal property. <br />8. Left Blank <br />9. Waivers. The waiver by City of rmy breach of any covenant or agreement herein contained on <br />the part of Seiler shall riot be .-teemed or held to be a waiver of any Subsequent or other breach of said <br />covenant or agreement nor a waiver pf any breach of any other covenants or agreements contained <br />herein. <br />10. Heirs, Assigns, Successors in Interest. This Agreement, and all the terms, covenants and <br />conditions hereof, shail apply to and bind the heirs, executors, administrators, successors and assigns <br />of the respective parties hereto. <br />11. Time is of the Essence. In a!I matters and things hereunder to be done and in all payments <br />hereunder to be made, time is and shall )e of the essence. <br />12. Permission to Enter on Premises. ::e ler hereby grants City, and its authorized agents, <br />permission to enter upon said real mcsnerty a aii reasonable times prior to close of escrow for the <br />purpose of making necessary inspections. <br />13. Just Comnensa•f on. Seller at,k; oWedges and agrees that said purchase price is just <br />compensation at fair market val:ae for said real property and includes payment for fixtures & equipment <br />(improvements pertaining to the realty,, goodwill (if any); and severance damages <br />14. Notices,. The rr.aiiirng address of the City of Santa Ana is 20 Civic Center Plaza, M -36, P.O. <br />Box 1988, in the City of Santa Ana 92702, County of grange, State of California. The mailing address <br />of the Seller is; <br />.iamos ,ind volanda !Ramos <br />i 6285 Mount Islip Circle. <br />Fountain Valley, CA 92708 <br />25E -22 <br />
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