Laserfiche WebLink
NOW, THEREFORE, in consideration of the above facts and for the covenants and <br />agreements contained herein, the Parties agree as follows: <br />Section 1. Consideration for Termination of Easement. Within thirty (30) days of <br />approval of this Agreement by City, Ocampo agrees to pay City, and City agrees to accept from <br />Ocampo, as full consideration for the Termination of Easement, the total sum of Six Thousand <br />Dollars ($6,000.00), payable in cash, by cashier's check or certified check, or by wire transfer. <br />Section 2. Receipt of Consideration by City. Receipt of the consideration <br />described in Section 1 is acknowledged by City on <br />Section 3. Termination of Easement. Upon receipt of the consideration described <br />in Section 1, the Parking Easement recorded on March 13, 2001 as Document No. 143254 in the <br />Official Records of Orange County is hereby terminated. City and Ocampo are further released <br />from any and all rights and obligations provided for in the Grant of Parking Easement. City shall <br />cause this document to be recorded in the Official Records of Orange County upon receipt of the <br />consideration described in Section 1. <br />Section 4. Counterparts. This Termination of Easement may be executed in one or <br />more counterparts, each of which shall constitute an original, and all of which, taken together, <br />shall constitute one and the same Termination of Easement. <br />Section 5. Interpretation and Governing Law. This Termination of Easement shall <br />be construed in accordance with and governed by the laws of the State of California. <br />IN WITNESS WHEREOF, the Parties hereto have executed this Termination of <br />Easement as of the respective dates set forth below. <br />OCAMPO: <br />CITY <br />ATTEST: <br />Maria D. Huizar <br />Clerk of the Council <br />20A -6 <br />Date: , 2017 <br />Date: _ , 2017 <br />Date: 2017 <br />