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SELL ALL (NO SALVAGE) <br />Project: Bristol Street Improvement Protect — <br />Phase 3A <br />APN: 405- 274 -12 & 13 <br />Tenant Seller: Gpor•go Do Anda <br />AGREEMENT FOR ACQUISITION OF TENANT•SELLER'S <br />INTEREST IN REAL PROPERTY <br />THIS AGREEMENT ( "Agreement ") is entered into as of this _ day of <br />, 2016, by and between THE CITY OF SAN'T'A ANA, a charter city and <br />municipal corporation duty organized under the Constitution and laws of the State of California <br />( "Buyer "), and George Dc Anda ("Tenant - Seller ") for the acquisition by Buyer of certain <br />interests in real property described herein, <br />IT IS HEREBY AGREED BETWEEN THE PARTIES AS FOLLOWS: <br />1. AG ,EMENT. Tonant- Seller agrees to sell and convey to Buyer, and Buyer agrees <br />to purchase and acquire from Tomint- Seller, upon the terms and for the consideration set forth in <br />this Agreement, (a) all right, title and interest, in and to certain improvements, including fixtures <br />and equipment (collectively "Improvements") located in, on, or affixed in any manner to the <br />premises known and numbered as 1221 N. Bristol Street, Santa Ana, California and 1240 W. <br />Washington Avenue, Santa Ana ( "Premises ") which Premises are part of that real property <br />described in Exhibit A attached hereto, located in the City of Santa Ana, Orange County, California <br />( "Property "), and (b) any ton ancy interest of Tenant - Seller ( "Tenancy Interest') in and to the <br />Promises and the Property, The Improvements to be conveyed by Tenant- Seliar are a pail of the <br />Premises, and specifically include, without limitation, the items described in the list of <br />Improvements Pertaining to the Realty attached hereto as Exhr i B. <br />2, PURCHASE PRICE. The total purchase price, payable in cash through this <br />Agreement,, shall be the som of: TWO HUNDRED TWENTY THOUSAND FOUR HUNDRPD <br />SIXTY -fIVP. AND NO 1100 DOLLARS ($220,465.00) ( "Purchase Price ") which is computed as <br />follows: <br />Value of Conveyed Improvements as shown on Exhibit B $120,465.00 <br />Loss of Business Goodwill <br />$100,000.00 <br />TOTAL AMOUNT PAYABLE THROUGH THIS AGREEMENT $220,465,00 <br />3. CONVEYANCE OF INTEREST IN REAL PROPERTY. Tenant-Seller agrees to <br />execute a Quitclaim Deed in the same form as that attached hereto as Exhibit C in favor of Buyer <br />( "Quitelairo Deed "), relinquishing, releasing, and forever quitclaiming to Buyer all right title and <br />interest in and to the Tenancy Interest as of February 1, 2017• <br />4. Tcoant- Seller will vacate the property by February 1, 20.1. - <br />41153M.1 •- N 1 565.1 <br />25F -24 <br />