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25J - PRCH AGMT FOR BRISTOL ST IMPROV., PHASE 3A
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25J - PRCH AGMT FOR BRISTOL ST IMPROV., PHASE 3A
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Last modified
6/19/2017 8:47:39 AM
Creation date
6/15/2017 4:27:08 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25J
Date
6/20/2017
Destruction Year
2022
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SELL AND SALVAGE <br />Project: Bristol Street Improvement Project — Phase 3A <br />APN: 405-274-10 <br />Tenant -Seller: Ana Porcile dba Total Nutrition <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 ANA PORCILE DBA TOTAL NUTRITION ("Tenant -Seller") for the <br />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 known and numbered as 1111 N. Bristol Street, Suite G, Santa Ana, 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"), and (b) any tenancy <br />interest of Tenant -Seller ("Tenancy Interest") in and to the Premises and the Property. The <br />Conveyed Improvements are a part of the Premises, and specifically include, without limitation, the <br />items described in the list of Improvements Pertaining to the Realty attached hereto as Exhibit B. <br />Tenant -Seller may retain, salvage and remove from Premises those improvements described in <br />Exhibit C attached hereto ("Retained Improvements"). The conveyed Improvements and the <br />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: FIFTEEN THOUSAND EIGHT -HUNDRED SEVENTY-TWO <br />AND NO/100 DOLLARS ($15,872.00) ("Purchase Price") which is computed as follows: <br />Value of Conveyed Improvements as shown on Exhibit B $16,029.00 <br />Less the Salvage Value of the Retained Improvements as shown on Exhibit C $157.00 <br />TOTAL AMOUNT PAYABLE THROUGH THIS AGREEMENT $15,872.00 <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 D in favor of Buyer <br />1 <br />Exhibit 2 <br />25J-4 <br />
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