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c/o John S. Peterson <br />Peterson Law Group, PC <br />19800 MacArthur Boulevard, Suite 290 <br />Irvine, California 92612 <br />3. Additionally, within 60 days of the Effective Date, the CITY shall convey to the <br />WANGS the adjacent parcel located at 418 N. Bristol Street, Santa Ana, California. The <br />effective purchase and sale price is $394,100.00. <br />4. Within 7 days of the Effective Date, WANGS shall submit for any necessary <br />permit(s) for the demolition of the building improvements on the property identified in the Order <br />of Possession ("Demolition Area"). WANGS' responsibility to perform demolition shall not <br />accrue, and the demolition completion deadline shall not begin to run, until demolition permit <br />issuance; WANGS shall substantially complete said demolition on or before the 14th day after <br />demolition permit issuance. If said demolition is not substantially completed within this <br />schedule, the CITY may enter upon the property identified in the Order of Possession and <br />demolish and remove the building improvements located thereon; the CITY may deduct its costs <br />of said demolition actually incurred, up to a maximum deduction of $50,000, from the Second <br />Installment payment pursuant to paragraph 2 above. IF THE CITY UNDERTAKES THE <br />DEMOLITION, WANGS UNDERSTAND AND AGREE THAT THE CITY WILL NOT BE <br />RESPONSIBLE FOR RECONNECTION OF ANY UTILITY CONNECTION IMPACTED BY <br />THE DEMOLITION OR ANY SUPPLEMENTAL DEMOLITION REQUIRED TO <br />COMPLETE THE CURE. <br />5. WANGS shall submit for any necessary permits for construction related to the <br />"cut and cure" within 60 days of the Effective Date, and shall complete construction within 6 <br />months of. (i) issuance of construction permit(s) or (ii) completion of demolition, whichever is <br />later. CITY shall allow relocation of the monument sign on the 410 N. Bristol Street Property. <br />CITY shall issue permits notwithstanding any preexisting nonconforming use; any such use may <br />be continued as a preexisting nonconforming use to the full extent allowed by code or law. <br />6. Notwithstanding the foregoing, CITY will reconstruct the existing Bristol Street <br />driveway to the west in conjunction with CITY's re -construction of street improvements so that <br />KI <br />