Laserfiche WebLink
SELL ALL (NO SALVAGE) <br />Project: Bristol Street Improvement Project — <br />Phase 3A <br />APN: 405-274-09 <br />Tenant -Seller: Dr. Euler R. Ferrer Inc. dba <br />General Family Dentistry and <br />E.R. Ferrer - LLC <br />AGREEMENT FOR ACQUISITION OF TENANT -SELLER'S <br />INTEREST IN REAL PROPERTY <br />THIS AGREEMENT ("Agreement'D 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 Dr. Euler R. Ferrer: Inc, dba General Family Dentistry and E.R. Ferrer - LLC. <br />a California Limited Liabilitv Company (collectively "Tenant -Seller") for the acquisition by <br />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 "Improvements") located in, on, or affixed in any manner to the <br />premises known and numbered as 1027 N Bristol Street, Santa Ana, California ("Premises") which <br />Premises are part of that real property described in Exhibit A attached hereto, located in the City of <br />Santa Ana, Orange County, California ("Property"), and (b) any tenancy interest of Tenant -Seller <br />("Tenancy Interest") in and to the Premises and the Property, and (c) any and all goodwill of <br />Tenant -Seller's business on the Premises. The Improvements to be conveyed by Tenant -Seller are a <br />part of the Premises, and specifically include, without limitation, the items described in the list of <br />Improvements Pertaining to the Realty attached hereto as Exhibit B and Movable Equipment hereto <br />as Exhibit C. <br />2. PURCHASE PRICE. The total purchase price, payable in cash through this <br />Agreement, shall be the sum of: THREE HUNDRED ELEVEN THOUSAND AND N0/100 <br />DOLLARS ($311,000.00) ("Purchase Price") which is computed as follows: <br />Value of Conveyed Improvements as shown on Exhibit B (owned by E.R. $42,000.00 <br />Ferrer - LLC, a California Limited Liability Company) <br />62,000.00 <br />Value of Moveable Equipment as shown on Exhibit C (owned by Dr. Euler R. <br />Ferrer, Inc. dba General Family Dentistry) <br />Loss of Business Goodwill (owned by Dr. Euler R. Ferrer, Inc. dba General $207,000.00 <br />Family Dentistry) <br />Exhibit 2 <br />25K-5 <br />