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A- 2014.275 <br />PURCHASE AND SALE AGREEMENT <br />`z <br /># � Property Address. Custer Street right of way north of Washington Avenue, <br />Santa Ana, California <br />THIS PURCHASE AND SALE AGREEMENT (the "Agreement') dated, for <br />ideriffieation purposes only, as of &e 2 2014, is made and entered into by and <br />between the CITY OF SANTA ANA, a charter city and municipal corporation <br />( "Seller "), and NASER KIANFARD AND MARJAN HARIRI, TRUSTEES OF THE <br />Asa 2004 NASER KIANFARD AND MARJAN HARIRI REVOCABLE TRUST <br />DATED JANUARY 20, 2005 ('Buyer "), with reference to the following. <br />� <br />In consideration of the mutual covenants set foriln herein, Bayer and Seller agree <br />as follows: <br />RECITALS <br />A. Seller owns that certain lot of land consisting of approximately 1,361 <br />square feet at the end of the cul -de -sac on Custer Street, north of Washington Avenue, , <br />Santa Ana, California and more specifically described in Exhibit "A" attached hereto and <br />incorporated herein by this reference (the "Property "); <br />B. The Property is adjacent to the Santa Ana Freeway (1 -5) and is being <br />simultaneously vacated by the City Council of the City of Santa Ana along with the sale <br />of the same to Buver. <br />C. The Property will be combined with two adjoining parcels owned by the <br />Buyer for a residential development. <br />D. Buyer and Seller have agreed to this Purchase and Sale Agreement so that <br />Seller may quit claim any title it may have in the Property to Buyer. <br />1. Agreement to Sell and to Purchase. Subject to the terms and conditions <br />of this Agreement, Seller agrees to sell and Buyer agrees to purchase the Property. <br />2. Purchase Price. The "Purchase Price" for the Property is 'TWO <br />THOUSAND, FIVE HUNDRED DOLLARS ($2,500.00). <br />3. Quit Claim Deed. 'The transfer of the Property shall be by quit claim <br />deed conveyance from Seller to Buyer showing title vested in Buyer. <br />4. Transfer Costs. Buyer shall pay all recording fees and all fees and costs <br />for any new financing. Buyer shall pay the premium for the title insurance policy, should <br />it seek title insurance. <br />