25C - AGMT BRISTOL PROPERTY EXCHANGE

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AGREEMENT FOR EXCHANGE OF REAL PROPERTY This Agreement for Exchange of Real Property ("Agreement") is entered as of the day of '2018, 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 ("City'), and VICTORIA VARGAS—,BASTIDA, an individual ("Bastida"). The City and Bastida are hereinafter sometimes referred to collectivelyas-the "Parties." RECITALS A. City owns. certain real property commonly known- as Orange'County Assessor Parcel Nos. (APN) 010-111-02, and 010-281=19, located at 1251 West Camile ;Street and.1239'West Raymar Street, respectively, in the City of Santa Ana, County of Orange, State of California, as more particularly described and depicted in the Legal Description attached hereto as. Exhibit "A" and incorporated: herein by reference ("City Property"). B. The City Property was acquired by the City as part of the McFadden Avenue to Pine Street Phase of the Bristol Street Improvement Project. C. Bastida owns certain real property commonly known, as Orange County Assessor Parcel No. -01`5 194.23`located at 2201 S. Bristol Street, and -015 194 24:located- at 2205- S; Bristol Street 'in City of Santa Ana, County of Orange, State of California, as more particularly described and depicted in the Legal Description attached hereto as Exhibit `B" and incorporated herein by reference (`Bastida Property"). D. The Parties desire by this Agreement to provide the terms and conditions for the exchange of fee interests in the City Property and the Bastida Property. AGREEMENT THEREFORE, for and -in consideration of their mutual promises, covenants and agreements, and. suliject to the terms; conditions and provisions of this Agreement, the Parties agree as follows: 1. Exchange of Real Property 1.1. Conveyance by City. City agrees to convey the City Property to Bastida by Grant Deed, and Bastida agrees to accept the same from the City. 1.2. Convevance by Bastida. Bastida agrees to convey the Bastida Property to City by Grant Deed, and City agrees to accept the same from Bastida. 1.3. Title Conveyance. The Parties agree that, except as, may hereinafter be otherwise expressly provided, the real properties subject to this Agreement shall be conveyed by the Parties, as aforesaid, free and clear of any and all conditions, restrictions, reservations, exceptions, easements, assessments, profits, limitations, encumbrances (whether monetary or non - monetary, general or specific, including any and all leasehold interests), liens, clouds or defects in title. The Parties hereby warrant that the title to said real properties to be conveyed by the Parties shall be free and clear as.provided above. The Parties further agree Page 1 of 17 u