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25K - AGMT - BRISTOL TENTANT PHASE 3A
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25K - AGMT - BRISTOL TENTANT PHASE 3A
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Last modified
4/17/2017 11:11:30 AM
Creation date
4/13/2017 5:47:07 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25K
Date
4/18/2017
Destruction Year
2022
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SELL <br />Project: Bristol Street Improvement Project —Phase 3A <br />APN: 405- 274 -10 <br />Tenant - Seller: Orfilda Magaua dba Clothing ORFI Ropa <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 />, 2017, by and between THE CITY OF SANTA ANA, a charter city and <br />municipal corporation duly organized under the Constitution and laws of the State of California <br />(`Buyer "), and ORFILDA MAGANA DBA CLOTHING ORFI ROPA ( "Tenant - Seller ") for <br />the acquisition by Buyer of certain interests in real property described herein. <br />IT IS HEREBY AGREED BETWEEN THE PARTIES AS FOLLOWS: <br />1. AGREEMENT. Tenant- Seller agrees to sell and convey to Buyer, and Buyer agrees <br />to purchase and acquire from Tenant - 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 " Conveyed Improvements ") located in, on, or affixed in any manner <br />to the premises .mown and numbered as 1111 N. Bristol Street, Suite A, Santa Ana, California <br />( "Premises ") which Premises are part of that real property described in EXHIBIT A attached <br />hereto, located in the City of Santa Ana, Orange County, California ( "Property "), and (b) any <br />tenancy interest of Tenant - Seller ( "Tenancy Interest ") in and to the Premises and the Property, <br />The Conveyed Improvements are a part of the Premises, and specifically include, without <br />limitation, the items described in the list of Improvements Pertaining to the Realty and Moveable <br />Furniture Fixtures and Equipment attached hereto as EXHIBIT B and EXHIBIT C. The conveyed <br />Improvements and the Retained Improvements are collectively referred to as the "Improvements.' <br />2. PURCHASE PRICE, The total purchase price, payable in cash through this <br />Agreement, shall be the sum of: ELEVEN THOUSAND AND FORTY NO/100 DOLLARS <br />($11,040,00) ( "Purchase Price ") which is computed as follows: <br />Value of Conveyed Improvements as shown on EXHIBIT B $8,070.00 <br />Value of Conveyed Moveable Furniture Fixtures and Equipment <br />on as shown on EXHIBIT C <br />$2,970.00 <br />TOTAL AMOUNT PAYABLE THROUGH THIS AGREEMENT $11,040.00 <br />3. CONVEYANCE OF INTEREST IN REAL PROPERTY. Tenant - Seller agrees to <br />execrate a Quitclaim Deed in the same form as that attached hereto as EXHIBIT D in favor of Buyer <br />25K -5 <br />
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