E.R. FERRER - LLC-2017 - Laserfiche WebLink

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WSURANCE N01- RE WOW 1�,IAY P[JOGFEF) GLEPIj� COUN SEP I(o2 5 2017 c11w v4Afit) A-2017-254 SELL ALL (NO SALVAGE) Project: RdA Street Impro Phase 3A APN: 405-274-09 Tenant -Seller: Dr, Enter R. Ferrer Inc dba General Family 0 D ti4 str nd _y-- E.R, Ferrer - LLC AGREEMENT FOR ACQUISITION OF TENANT -SELLER'S INTEREST IN REAL PROPERTY THIS AGREEMENT ("Agreement") is entered into as of this _Lqo' day of <Y _' 2017, by and between THE CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the Constitution and laws of the State of California ("Buyer"), and Dr. Enter R. Ferrer, Inc. dba General Family Dentistry and E.R. Ferrer - LLC, a California Limited Liability Company (collectively "Tenant -Seller") for the acquisition by Buyer of certain interests in real property described herein. IT IS HEREBY AGREED BETWEEN THE PARTIES AS FOLLOWS: 1, AGREEMENT, Tenant -Seller agrees to sell and convey to Buyer, and Buyer agrees to purchase and acquire from Tenant -Seller, upon the terms and for the consideration set forth in this Agreement, (a) all right, title and interest, in and to certain improvements, including fixtures and equipment (collectively "Improvements") located in, on, or affixed in any manner to the premises known and numbered as 1027 N Bristol Street Santa Ana, California ("Premises") which Premises are part of that real property described in Exhibit A attached hereto, located in the City of Santa Ana, Orange County, California ("Property"), and (b) any tenancy interest of Tenant -Seller ("Tenancy Interest") in and to the Premises and the Property, and (c) any and all goodwill of Tenant -Seller's business on the Premises. The Improvements to be conveyed by Tenant -Seller are a part of the Premises, and specifically include, without limitation, the items described in the list of Improvements Pertaining to the Realty attached hereto as Exhibit B and Movable Equipment hereto as Exhibit C. 2. PURCHASE PRICE. The total purchase price, payable in cash through this Agreement, shall be the sum of: THREE HUNDRED ELEVEN THOUSAND AND NO/100 DOLLARS ($311,000.00) ("Purchase Price") which is computed as follows: Value of Conveyed Improvements as shown on Exhibit B (owned by E.R$42,000,00 1^crrer - LLC, a California Limited Liability Company) 62,000.00 Value of Moveable Equipment as shown on Exhibit C (owned by Dr. Eider R. Ferrer, Inc. dba General Family Dentistry) Loss of Business Goodwill (owned by Dr, Enter R. Ferrer, Inc. dba General $207,000.00 Family Dentistry)