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25I - AGMT - BRISTOL ST PHASE 3A
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25I - AGMT - BRISTOL ST PHASE 3A
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Last modified
5/11/2017 3:55:40 PM
Creation date
5/11/2017 3:42:34 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25I
Date
5/16/2017
Destruction Year
2022
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Project: Bristol Street Improvement Project— Phase 3 A <br />APN: 405- 274 -10 <br />Tenant - Seller: C.R. Manchandia D.D.S. <br />AGREEMENT FOR ACQUISITION OF TENANT - SELLER'S <br />INTEREST IN REAL PROPERTY <br />THIS AGREEMENT FOR ACQUISITION OF TENANT- SELLER'S INTEREST IN <br />REAL PROPERTY ( "Agreement ") is entered into as of this day of , <br />2017, by and between THE CITY OF SANTA ANA, a charter city and municipal corporation duly, <br />organized under the Constitution and laws of the, State of California ( "Buyer "), and C. R. <br />MANCHANDIA D.D.S. ("Tenant- Seller ") for the acquisition by Buyer of certain interests in real <br />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 known and numbered as 1111 N. Bristol Street, Suite K. Santa An California <br />( "Premises ") which Premises are part of that real property described in Exhibit A attached hereto, <br />located in the City of Santa Ana, Orange County, California ( "Property "). In lieu of Buyer's <br />acquisition of Tenant- Seller's tenancy interest through eminent domain proceedings, , Tenant - Seller <br />also relinquishes the tenancy interest of Tenant - Seller ("Tenancy Interest ") in and to the Premises <br />and the Property. Such relinquishment shall not be construed against any claim by Tenant- Seller <br />for loss of business goodwill, if any. The Conveyed Improvements are a part of the Premises, and <br />specifically include, without limitation, the items described in the list of Conveyed Improvements <br />Pertaining to the Realty attached hereto as Exhibit B. <br />2. PURCHASE PRICE. The total purchase price, payable in cash through this <br />Agreement, shall be the sum as follows for Conveyed Improvements: SEVENTY -SIX <br />THOUSAND EIGHT HUNDRED TWENTY AND NO 1100 DOLLARS ($76,820.00) <br />("Purchase Price ") which is computed as follows: <br />Value of Conveyed Improvements as shown on Exhibit B $76,820.00 <br />TOTAL AMOUNT PAYABLE THROUGH THIS AGREEMENT $76,820.00 <br />Exhibit 3 <br />251 -17 6u,11 <br />
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