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BASIC TERMS <br />Buyer: City of Santa Ana, a charter city and municipal corporation organized <br />under the Constitution and laws of the State of California <br />Buyer's Address: City of Santa Ana <br />Attention: Cleric of the Council <br />20 Civic Center Plaza (M -30) <br />Santa Ana, CA 92701 <br />Fax: (714) 647 -6956 <br />Closing Date (or Closing) Estimated to occur by August 31, 2016, but not later than the Outside <br />Date <br />Contingency Date: Thirty (30) days after the Effective Date <br />Deed: A grant deed in the form of Exhibit B hereto. <br />Effective Date: The later of the respective dates that the Seller and the Buyer approve <br />this Agreement <br />Outside Date: October 30, 2016 <br />Purchase Price: Three Million Four Hundred Ninety Thousand Dollars <br />($3,490,000.00). <br />Real Property: That property described in Exhibit A hereto; the subject property <br />1126 -1146 E. Washington Avenue, consisting of approximately 1.46 <br />acres, APN 398 - 092 -14. <br />Setter: Housing Authority of the City of Santa Ana <br />Seller's Address: 20 Civic Center Plaza (M -26) <br />Santa Ana, California 92701 <br />Attention: Executive Director <br />Fax: (714) 647-2225 <br />Title Company: First American Title Insurance Company <br />5 First American Way <br />Santa Ana, CA 92707 <br />Tel: (714) _ <br />Attention: <br />(direct: (714) _ -_; email: @firstam.com) <br />(or another title insurer mutually acceptable to Buyer and Seller) <br />Escrow Holder: See sections 3(a) and 3(b) hereof. <br />.1 <br />