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HomeMy WebLinkAboutItem 07 - Purchase of Real Property for Future Water Resources and Park Facilities Public Works Agency www.santa-ana.org/pw Item # 7 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report November 1, 2022 TOPIC: Purchase of Real Property for Future Water Resources and Park Facilities AGENDA TITLE Purchase and Sale Agreement of Real Property at 4404 West First Street for Future Water Resources and Park Facilities (Non-General Fund and Revive Santa Ana Program) RECOMMENDED ACTION 1. Authorize the City Manager to execute a purchase and sale agreement with RIF40, LLC, a California limited liability company, for the purchase of real property located at 4404 West First Street (APN 188-021-08), in the amount of $10,500,000, plus normal closing costs and escrow fees, for a total amount not to exceed $10,750,000, subject to non-substantive changes approved by the City Manager and the City Attorney. 2. Approve an amendment to the Fiscal Year 2022-23 Capital Improvement Program to include $10,750,000 in construction funds for the West Station Well Project (No. 23- 6477). DISCUSSION The City of Santa Ana’s Public Works Agency (PWA)’s Water Resources Division oversees and maintains the daily operations of the City’s water distribution system. The water system is comprised of approximately 480 miles of water main, 21 groundwater wells, 7 pump stations, 10 reservoirs with a storage capacity of 49 million gallons, 4 pressure regulating vaults (PRVs), and 7 connection points with the Metropolitan Water District of Southern California (MWD). The Water Resources Division has been actively seeking to acquire land for the construction of new and replacement water infrastructure. As identified in the City’s 2017 Water Master Plan, the City’s groundwater-pumping infrastructure is robust; however, it is aging and approaching its end of useful life. The replacement plan for these assets is outlined in both the Master Plan and subsequent Water Rate Plan. The location of the subject property (Exhibit 1) is within the vicinity of the City’s West Station located near the intersection of First Street and Newhope Street. The existing groundwater wells at this site are among the oldest in the system (in service since the late 1960s) and have operated beyond the expected lifespan of 50 years. Purchase Agreement for Future Water Resources and Park Facilities November 1, 2022 Page 2 3 0 3 7 The acquisition of the subject property would allow the City to add new groundwater wells adjacent to the aging infrastructure and maintain the same level of service to the community, while also meeting regulations regarding siting of new wells relative to existing wells. The 2.5-acre lot is primarily used as an unpaved parking lot with a recently vacated small commercial building. The site more than satisfies the area requirements for future water infrastructure. PWA further proposes that any excess area not required for water facilities be utilized as public open space or developed into a future park. Funds for the purchase of the property would come from both the Water Enterprise and Revive Santa Ana Program funds for park acquisition. An offer to purchase was made for the subject property based on the appraised value by a state-licensed real estate appraiser, and was accepted by the property owner. The purchase price for the acquisition is $10,500,000 as shown in the corresponding Purchase and Sale Agreement (Exhibit 2). The Seller has agreed to split closing costs and escrow fees, which are anticipated not to exceed $250,000, bringing the total anticipated purchase expenditure to a not-to-exceed total of $10,750,000. The approval of the amendment to the Fiscal year 2022-23 Capital Improvement Program will officially incorporate this project into the program (Exhibit 3). ENVIRONMENTAL IMPACT There is no environmental impact associated with the action. FISCAL IMPACT Funds for this action have been transferred from previously appropriated funds under Water Resources capital projects to the new West Station Well Project (No. 23-6477) and are available for expenditure in the current Fiscal Year 2022-23 as shown below. Water Resources will continue to pursue grant funding to offset the cost of the purchase price and future infrastructure improvement costs. Funds Transfer Fisher Park Neighborhood Water Main Improvements (Project No. 19-6429): $2,635,000 Euclid Water Main Improvements (Project No. 21-6460): $2,445,000 Fairview Water Main Improvements (Project No. 21-6464): $2,445,000 Fiscal Year Accounting Unit - Account # Fund Description Accounting Unit, Account Description Amount 2022-23 06617647-66100 (23-6477) Acquisition & Construction Water Utility Capital Projects, Land $7,525,000 Purchase Agreement for Future Water Resources and Park Facilities November 1, 2022 Page 3 3 0 3 7 Fiscal Year Accounting Unit - Account # Fund Description Accounting Unit, Account Description Amount 2022-23 18117013-66220 (22-1344) American Rescue Plan Act ARPA – PWA, Improvements Other Than Building $3,225,000 Total $10,750,000 EXHIBIT(S) 1. Vicinity Map 2. Purchase and Sale Agreement 3. FY 2022-23 Capital Improvement Program Sheet Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency Approved By: Kristine Ridge, City Manager !TRIEUCHAURESTAURANT(&4403) W 1ST ST *****S MOUNTAIN VIEW ST4404 4206 4400 201 4320 4426 225 214 4315 219 225 201 213 4401 207 205 225 12132 4201 4226 4235 42314235 0 60 120 180 24030Feet ± I INCH = 100 FEET SHEET 01 4404 W 1ST STREET PROPERTY ANALYSIS \\pebbles\users3\jburk\My Documents\4404 W 1st Street Property Exhibit.mxdDate Saved: 10/6/2022 1:50:36 PMAuthor: jburkEXHIBIT 1 PURCHASE AND SALE AGREEMENT FOR ACQUISITION OF REAL PROPERTY AND BILATERAL ESCROW INSTRUCTIONS THIS AGR EEMENT (hereinafter "PSA" or this "Agreement"), entered into on QJeib ) 5 ~o <2..- 2022 , between the CITY OF SANTA ANA , a charter city and municipal corporation duly organized uh der the Constitution and laws of the State o f California (hereinafter "City" or "Buyer"), and , RIF40, LLC, a California limited liabi lity company (hereinafter "Seller"), regardless of n umber or gender; THEREFORE, for and in consideration of their mutual promises , covenants and agreements , and subject to th e terms , co nd itions and provisions of this PS A, Seller agrees to sell to Ci ty , and City agrees to purchase from Seller, that certain real property (hereinafter "Said Real Property" or "Property") legally described as fol lows : SEE EXHIB IT "A" -Leg a l Description ATTA CHED HERETO AND BY T HIS R EFERENCE MADE A PART HEREOF (Co mmonly known as 4404 W. 1st Stree t , Sa n ta Ana , CA 927 03) (APN : 188-021 -08) Said p urcha s e and s al e of Said R ea l Property shall be in accordance w ith and subject to all of the foll ow ing term s , cond1t1ons , promises , covenants , agreements and pro visio ns , to wit: 1. Conveya nce by Seller. Seller agrees to convey said rea l property to City, b y G rant Deed , at the office of Fidelity Natio na l Title , 4400 MacArthur Blvd ., Suite 200 , Newport Beach , California, within th irty (30) days from and after th e date on which the City has approved this Agreemen t. T he C ity sha l l approve thi s PS A by December 7 , 2022 . 2. Title to be Conveyed . Se ller agrees that , exce pt as may hereinafter be othe rw ise expressly prov ided , said r eal property shall be conveyed by Seller to City , as aforesaid , free and clea r of any and all cond itions, rest ri c tion s , reservations , exceptions, easements, assessments , profits , limitations , encumbrances (whether monetary or no n-m onetary, general or specific, including any and all leasehold interests), liens , clouds or defects in title except those exceptions shown in Paragraph 15 be l ow . Seller hereby warrants that the tit le to said real pro perty to be co nve yed by Seller to City shall be free and clear as provided above . Seller further agree s that acceptan c e by Cit y of any deed to said re al property , with or without kn o w ledge of any con d it ion , rest ric tion , reserva tio n , e x ception , easeme nt , assess ment, profit , limitation, encumbra nce (whether mon e t ary or no n -mone tary , gene ral or specific, and including a ny and all lea seh old interests ). lien , cloud or de fect in title , shall not constitute a waiver by City of its rig ht to the full and clear title herei nabove agreed to be conve yed by Sel ler to C ity, n or of any right which might accrue to City because of the failure of Selle r to conve y title a s hereinabove provided. 3 . T itle Insurance . Sel ler agrees to use comm ercially reasonable efforts to de liver to City , concur rently w ith the conveyance of said real property to City, within the time and at t he place hereinabove specified for said conveyance of sai d rea l property , a pol icy o f title insuran ce to be issued by the above mention ed title company, with the C ity therein named as th e insured , in the amount of $10 ,500 ,000 (Ten Million Five Hund red Thousand Dollars) in suri ng the title of the City to said real property is free and clear of an y an d al l cond i tio ns , rest rict ions, reserva tions , exceptions , easements , assessments , profi ts , lim itations , encumbrance s (whe ther monetary or non-monetary. genera l or specific, and including any and all leasehol d inte rests), li e ns , clouds o r defects in ti tle . excep tin g such specific ones as city may hereinafter expre ssly agree to take subje ct to . Acceptance b y City of any such po licy of insurance , w hether such insura nce compl ies with the requirements of this pa ragraph or not, shall not cons titute a waiver by City of its right to such insuran ce as is herein requ i red of Seller, nor a wa iver by the City of any rights o f action for damages or any other rig hts whi c h may accrue to City by reason o f the failure of Se ll er to convey ti tle or to provide ti tle insurance as required in this Agreement. 4. Esc row. City agrees to o pe n an esc ro w at the office o f F ide li ty Nation al Tit le , 4 400 MacArthu r Blv d. Suite 200 , Newport Beach, Ca lifornia , (the "Escrow A gent") with in five (5) days fr om and after the date on w hi ch th e C ity has ap prove d thi s A greement . T h is Agree m ent constitutes the joint escrow in struct ions of the City and the Se ller and a duplicate original of this Agreement shall be delivered to the Escrow Agen t upon the o pen ing of the es crow. Escrow t o c lo se wi thin thi rty (30) days of th e City's execu t io n of this Agreement. If esc row is no t i n a c ond it io n to close by the clo se of escrow , an d fai lu re to clo se is due to un foresee n con d it ion s of ti tle or inte rest of th ird parties in the P ro perty that cannot be reso lve d in escrow, then Buy er may, at its opt ion , request can ce llat ion of escrow and th is Agree men t an d return of a ny fu nd s it has de posi ted i nto escrow Thereupon, all o b lig atio ns and liabili ti es of th e partie s unde r thi s Agreemen t sha ll cea se an d terminate. If no such req ues t is made , escrow shal l be closed as soon as possible thereafter . Bu yer shall be enti tl e d to pos sess ion of the Property immedia tely up on close of escrow . The Escrow Ag ent hereby is empowered to act unde r th is Ag ree ment, and upon indi cating its accepta nce of this Sect ion 4 and of the General Provisi ons described in Exhibit "B" a tta ched hereto an d in co rpo rated herei n b y this refere nce , in w ri ting , delivered to the City and to the Se ll er with in five (5) days after deli very of this Ag reem en t , sha ll ca rry out its duties as E s cro w Agent he reunder. Se lle r sha ll pay (a) the fees o f any counsel /re a l esta te agent repre s enting Seller in connection with this transaction , (b) one -ha lf (1/2) of a n y con veyance fee , tra nsfe r ta x, docume ntary stam p tax or sim ilar ta x w h ich becomes payable b y re ason o f t he trans fe r of the P rope rty; and (c ) one -h al f (1 /2 ) of any escrow fe e w hi ch may be charged by the Escrow Age nt o r Title C ompany . City shal l pay (a) th e fees of any coun sel/real esta te agent rep res en ting C ity in co n nection w ith thi s transa ctio n; (b) the fee for the title examination a nd th e Title R eport , (c) the premi um fo r the Owner's Pol icy o f Title Insurance a nd any endorsements to be issued to the City by the Titl e Company at C losing ; (d) the cost of the Survey , if needed ; (e) one-half (1/2) of an y conve ya nce fee , tra ns fe r tax, d o cu mentary sta m p ta x or sim ila r ta x wh ich becomes p ayable b y reaso n of th e tra ns fe r o f the Property; (f) the fees for re co rdi n g the d eed convey in g the Prope rty to the City, if any ; and (g) one-ha lf (1/2 ) of an y escrow fees ch arged by the Escro w Age nt or Titl e Comp a ny . All other cos ts and expe ns es inc ident t o this t ran sact ion and th e closi ng th ereof sha ll be pai d by the party incurring same . 5. Prop e rty Ta xes. Such re al property taxes , if any, on said real property for the fiscal year w ithin which said re al pro pe rty is conveyed to City as are unpa id at the time of said co nveya nce s h all be cleared an d paid in a c cordan ce with the provi sions of Se cti on 4 986 of th e Revenue and T ax atio n Code of the St ate of Californ ia . Se ller shal l be eligible for a refund unde r Secti on 50 96 .7 of th e R evenue a nd Taxation Code of the State of Ca liforn ia fo r that portion of property tax es on said real property for sa id fisc al year whic h have bee n paid pr io r to th e date the deed conveying said rea l pro perty to City is recorde d w h ich i s a llocable to th at port ion of the f iscal yea r w hich beg ins on the date th e deed conveying said real pro perty to City is re co rded and made un co ll e ct ible if unpaid by reason of S e ction 5086 o f the Revenue and Ta xati on Cod e of th e Sta te of Cal iforn ia. To the extent that Sel ler ha s prepa id any ta xes or assessments attributa ble t o the Proper ty ; Se ller shall b e sole ly re spo n si ble fo r obtain ing any re fun d due th ereon from the tax ing authorit y. Upon w ritten req ues t , Buy e r shall assist Seller, at Se ll e r's sole co s t, in o bta ining said re fun d , if any; however, in no cas e shall B uyer c redit or otherwise pay Seller for that refund, if any , through o r outside of escrow . All u npaid ta xes on sa id real property for any and all years prior to the fi scal year w ithin wh i ch sa id convey an ce is made sh a ll be paid by Se lle r before conveyan ce of said rea l property to C ity. 6. Payment of P urchase Pri ce. C ity agre es to pay to Seller, and Seller ag rees to accept from C ity . as a nd fo r th e f u ll purchase price for s aid real pro pert y, the tota l sum of $10,500,000 (T en Million Five Hu ndre d Thou sa nd D ol lars ). City agrees to deposit said purchase price in escro w w ith the Escrow Agent with in T HIR TY (30) da ys from and after the date hereof, and th e Escrow Agent is he reby authorize d to pay the sam e to Seller upon a nd after: (a ) Record ing o f a G ra nt Deed convey in g sa id re a l prope rty to Ci ty ; (b) Delivery to City of (or commitmen t to deliver) the policy of title i nsura nce as hereinabove provided. 7 . P ossess ion . Seller agrees to deliver to City, on the date the Grant Deed conveying sa id real property to City is recorded, q u iet and pea c efu l possession of said rea l property , whi ch shall be made free by Selle r of all persona l prope rt y. a . No late r than fourteen (14) day s after the c lose of escrow, Sel ler shall have removed all merchandise, i nventory, equipment, p ersona l property , and/o r removable trade fixtu res from the Property. Any mercha ndise, inventory, equipme nt, person al p roperty, a nd /or rem ovabl e tr ade fixtures at th e Pro p e rty as of fo u rt een (14 ) days after the close of esc row sh all be dee m ed aba ndoned b y Se ll er on th a t da te . b. If Seller d oes n ot vaca te th e Propert y by th e above st a ted d ate , th e Selle r agrees to hav e the Co urt i mmedi ately issue a Writ of P ossession a nd /or Assist ance , directi ng the Ma r shal l or She riff of Oran ge Coun ty to take ph ysical possession of the Property in favor of th e C ity . Seller w aives the rig ht to ha ve the City file an un lawfu l d etainer acti on , as well as wa ive the right to any h ea r ing or a n y requiremen ts for a n appl icati o n by Ci ty to obtai n the W ri t of Possession a nd/or Assi stan ce and wa ives any an d a ll ri ghts to object to th e i ssuance of said Writ if Selle r doe s n ot vaca te th e Pro pe rt y by fo urtee n (14 ) d ays a ft e r the close of es crow . 8. Re n ta l a n d Occ u p ancy B y Seller. Inte n tion a lly d e lete d . 9. Wai ve r s. T he waive r by C ity o f any breach of any covenan t o r agreement herein contained o n the part o f the Seller sh all n ot be d eemed or held to be a waiver of any s u bsequent or other breach of sa id covenan t or a g ree m e nt n o r a waiver of an y b re ach of a ny other cove nan ts o r agreements co nt ained here in. 10. Heirs, Ass ig n s, S uccessors-in-Interes t. Th is PSA , a nd al l t he terms, cove na nts and condi t io ns he reof, sha ll a pply to and b in d th e heirs, e xec utors , ad ministrators , successors and assig ns of th e res pect ive part ies hereto. 11. Tim e is of t he Essence . In all matters and things h e re under to be done and in all payments hereu nder to be made , time i s and s hal l be of th e e ssence . 12. J ust Com p ensat i on . Seller acknowledges and agre es th at said pu rch ase price is just co m pen s ati o n at fa ir market value for s a id real property a nd incl udes paymen t for fi xtures & equi pmen t (improvements pe rt ainin g to the re alty). 13. Acknowledgment of Full Benefits and Release . A. By e xecuti on of thi s Agreem en t , Se ll e r , o n be ha lf of h ims elf, h is heirs , e xecuto rs , ad min istrato rs , successors a nd as s ign s, he reby ackno w led ge s t hat this A g ree m e nt p rov ides ful l payme nt fo r t he acqu isi tion of t he Pro perty by Bu yer, a nd Se ll er hereby e x pre ss ly and un con di ti onally waives an y clai m for compe nsati o n for injury to the re mai nde r ("seve ran ce damages"); p reco nd e mnatio n damages; cl aims for in v e rse condem n at io n ; lo ss of goodwi ll a nd/or lost profits ; lo ss or i m pa irm ent of any "bonus value" attributable to an y l ease ; d am a g e t o o r loss of im p rovemen ts pe rt ain in g to the rea lt y damage to o r l oss o f machiner y , fixtures , inve ntory , equipment and/or personal property; any right to repurchase, leaseback from Seller, or receive any financial gain fro m . the sale o f any porti o n of th e Property , or challenge Buyer's ad optio n of a resol ution o f necessi ty , pu rsuant to Code of Civi l Procedu re sect ions 1245.245; any right to re ce ive any notices pursuant to Co de of Civil P rocedure secti on 1245 245; a n y r ight to e nforce any other ob ligatio n p laced upon Sel ler pursuan t to Code of Civi l Procedure se c ti ons 1245.245, 1263 .025 a nd 1263.615; a ny other rights co nfe rred upo n Defenda nts pu rsu an t t o Code o f C iv i l Proced ure sections 1245.245 and 1263.615 an d 1263.025; an d att orney 's fees and c o s ts . T hi s re lease sha ll survive t he C lose o f Escrow . Thi s ack nowl ed gment and re lease sh a ll su rvive t he C lose o f Escrow. 14. Notices. Th e mailing address of the City of Santa A na is 215 S. Center St (Admin Bldg . A). in the City o f Santa A n a 9 27 05 , County o f Orange , State of Cal ifornia. Th e ma iling address o f the Selle r i s RIF40, LL C , 269 S . Beverly Drive #1674, Beverly H i lls , CA 90212. 15. Exceptions . C ity ag re es to accept title to sa id real property subject to the fol lowing : all easem ents of record. 16 . Entire Agreement. It is mutual ly ag ree d that the parties hereto have herein se t forth the whole of their Agreemen t . 17 . Hazardous Waste. Ne ither Seller n or , to t he best o f Seller's knowledge , a n y tenant , occupa nt , or user o f the P roperty used , generated , rel eased , di sc harged , stored , or di s posed o f any hazardous w a ste , toxi c substa nces, or rela ted mate rials ("Hazardous Materials") on . under, in, o r about the Prope rt y, or transported a ny Haza rdous Materia l s to or from the Property. Se ller shall not know in g ly cause or pe rm it the presence, u se, generation, release , discharge , storage , or disposal of any Hazardous Mate rial s on , und er , in, or about , or t he transportatio n of any Hazardous Materials to or from , the Property. The term "Hazardous Ma te rial " sh all mean any substa n ce , m ate rial , or waste w h ich is o r becomes regulated by an y local governmen ta l autho ri ty , t he State o f C aliforn ia , or th e Uni te d States Governmen t , in cluding, but no t li mited to, any mater ial or sub stance which i s (i) d e fined as a "h az ardous waste", "extremely hazardous wast e" or "rest ri cted ha zardou s waste" under Section 25 1 15 , 251 17 o r 25 122 .7 , or listed pursuant to Section 25 140 of the Ca liforn ia Health and Safety Code , D ivis ion 20 , Chapter 6.5 (Hazardous Waste Contro l Law), (ii ) d efined as "hazardous substance" u nder Sectio n 25316 of the Ca liforn ia H ea lth and Safety Code , Division 20, Chapter 6.8 (Carpenter-Pres ley-Tanner Hazardous Substance Account Act), (iii ) defi ned as a "h azardous material", "h a zardous substance", or "ha za rdou s waste" un der Sect ion 25501 of the Cal ifornia Heal th a nd Safety Code , Divisi o n 20 , Chapter 6.95 (Hazardous Mate ri a ls Re le ase R e sponse Plans and Inventory), (iv) define d as a "ha zard ous s ubstan ce" under Section 2 5281 of the Cali forn ia H ea l th a nd Safety Code , Div is io n 20 , C hapter 6 .7 (Underground Storage of Hazardous Substa n ces ), (v) petrole um , (vi) asbesto s, (vi i) pol ych lo rinate d biph enyls, (viii) l isted und er A rti cle 9 or defined as "hazardous" o r "extremely ha zardous" pu r suan t to A rticle 11 of Title 22 of the Ca l iforn ia Administrative Code , Division 4 , Chapter 20 , (ix) desig nated as a "ha zard o us su bs tances" pursuant to Secti on 3 1 1 of th e C lean Water Act , (33 U .S.C . S 13 17), (x) de fine d as a "hazard o us wa s te" p urs uant to Section 1004 of the Res o urce C onse rv ation and Recove r y Act , 42 U.S C. S69 0 1 et seq . (42 U S C. S6903) o r (xi) defined as a "hazardou s substances" pu rsu ant to Section 101 of the Com p rehen sive Env i ronmen ta l Response , Compensat ion , as amended by Liability Ac t , 42. U .S.C. S9 6 0 1 et seq . (42 U .S .C . S960 1 ). 18. Com p l iance W ith E nv ironmen ta l La w s. To the bes t of Seller's kn owledg e , the Property complies wi th a ll appli ca ble law s and governmental regu l ations includ ing , without limit ation , a ll app licabl e federal , sta te, and lo cal la ws p e rt ain in g to air an d water qua lit y , h a zardou s waste , waste disposal , an d other env iron menta l matte rs , in cluding , but no t limited to , th e Clean W a ter, C l ea n Air, Federa l Wa ter Pollution Con trol , So lid Waste Disposa l , Resource Co n serva t i on Recov e ry and Comprehensive E nvironmenta l Re sponse Com pensation and Liability Acts , an d the California Environment Qual ity Act, a nd t he ru les , regulat ion s, a nd ordinances of th e city wi th in wh ich the subje ct property is located , the California De partm ent of Health Servi c es , th e Reg io na l Wate r Qua li ty Control Board , the Sta te Water Resources Control Boa rd , the Env iro nmen ta l Prot ecti o n Agency , and all applicab le federa l , sta te , and local agencie s and bureaus . 19. In demnity . Se lle r agrees to ind em nify , defe nd and ho ld th e C ity harmle s s from and aga ins t an y cla im , action , sui t , proceed ing , loss , cos t, damage, liability , defic iency , fin e , pe n a lty , p un i ti ve da m a g e , or expense (inc luding , wi th o ut l im it atio n , attorneys' f ees), re sul t in g from , arising out of, or b ased upon (i) the presence , re le ase , u se , generation , discharge , storag e , or dis posa l of any H a za rdous Materia l on , under . in or abou t, or th e transp o rt a tion o f an y such m a teria l s to o r from . the Propert y , or (ii ) t he v iola t ion , or all e ge d vio la t ion , of a ny st atu te , ordi nan ce, ord er rule , re g ulation , per mit , ju d gm ent , or li ce n se relating to th e use , gene ration , re lease , d isch a rge storag e, d is posal , or transpo rta tio n of Haza rdous Ma te rials on , under , in . or abou t , to or from , th e Property . This ind e mnity sh a ll include, w ith out li mitation, any damage , liab ility . fi ne, pena l ty, puni tive damage , cost , or expense arising fr om or out of any claim , action , sui t or proceedi ng for perso nal in j ury (including sickness , disease , o r death , tangible or intang ible property damage , compensatio n fo r lo st wages . business income . profits or other economic l oss , damage to the natural reso urce or the e n vironment, nuisance, pollution, contam i nation , l eak, spill , release , or other adverse effect o n th e e nv iro nme nt). This indemnity extends only to li ability created prior to or u p to the da te this escrow sha ll close Seller sh all not be responsible for acts or o mi ss ions t o act post close of th is escrow. 20. Con tinge ncy . It is understood and agreed betwee n the parties hereto that the comp letion o f t his transaction , a nd the escrow created hereby, is conti nge nt up on the specific accepta nce and approva l of the City here in . T he execution of this PSA and the delivery of same to Escrow Age nt constitute said acceptance and approval 21. Modif ication a nd Amendment. This PSA m ay n ot be mo difi ed or amended exce pt i n w ri ting si gned by th e Seller a nd City . 22 . Partia l Inva l id ity . Any provision of th is PS A that is unenforceable or inva lid or the conclu s ion of which would adve rsely affect the val idity, legality , or enforcemen t of this PSA shall have no effect, but all the rema in ing prov isions of th i s P SA shall remain in f ull force. 23 . Capt ions. Cap tions a nd headi ng s in this P SA , i ncludi ng th e title of th is PSA, are for co nvenience on ly a nd are not to be cons id ered i n construing th is PSA. 24. Govern ing L aw . Th i s P SA shall be gove rn e d by and construed in accordance with the laws o f the State of Ca l ifornia. 25. No Re liance By One Party On Th e Othe r . Each party has received inde pendent lega l advice from its attorneys with respec t to the advisabil ity of e xecuting th is PSA and the meaning o f th e provisions he reof. The provi sions of th is PS A shall be con stru ed as to their fai r meaning , and not fo r or against any pa rt y base d upo n any a ttribut io n to such party as the source of the langu age in question. 26. No Third Party B e n efi c iary . This PSA is intended to benefi t on ly the Parties hereto and no other person or entity has or shall acquire any righ ts hereunder. 27 . Duty To Cooperate Furth er . Each party he reby ag rees tha t it sha ll , upon request of th e other, execute and deliver such furt her docum e nts (i n fo rm and s ub sta nce reaso na bly acceptable to the pa rt y to be charged ) and d o such other a c ts and thi n gs as are reasonab ly necessary and appropriate to effec tua te the ter ms and conditions of this PS A , w ith out cost. 28. Appl ica bility of Agreement T o Assignees . This PSA shall be bind ing upon and shall inure to the benefi t of th e successors and assigns of the Pa rti es to this PSA. 29. Auth o rity to Exec ute A gree m e nt. Each u nders igned rep resen ts and warrants tha t its signat ure he rein be low has th e power, authority and right to bi nd th eir respective parties to each o f the terms of this PSA , and shall indemn ify Ci ty fu ll y , including reasonab le costs and attorney's fees , for any inj uries or damages to Ci ty in the e vent th at such authority or power i s not, in fa ct, held by the signa tory or is withdrawn. 30. In corpo ration of Ex hibits . A ll Exhibits referen ced here in and attached he reto shall be incorporated as if fu lly se t forth 111 the body of this PSA. IN WITN ESS WHEREOF. the Parties hereto ha ve executed this PSA on the date and yea r first written above. S ELL E R : R I F4 0 , LLC, a Cal ifo rn ia limited liability compan y City/B uy e r: City of S a nt a A na Kristi ne Ridge City Manager Attes t: Daisy Gom ez C ity C le rk Appr ov e d as to Form : John M . Fu n k Sr. A ss ista nt C ity Attorney RECOMME N DED FOR APPROVAL: Nabil Saba Executive D i rector P ubl ic Wo r ks Agen cy Date: fJ c..f'-c.1kr 15 . 2022 D at e: _______ , 2022 Date: _______ , 2022 Date : ______ _ . 202 2 D a te: 202 2 October 21, EXHIB IT "A " LEGAL DESCRIPTION EXHIBIT "B" (Fidelity Natio na l Titl e ) G E NERAL ESCROW PROVISIONS I. D E POS IT OF FL' 'D S rhe hl\\ deali ng" i1 h 1he di ,burse111 en 1 of fund~ requ ires 1ha1 all fund ' be a' ai la hk li.ir 11 i1hdra11a l a> a n1a1te r 01· righ1 b) 1h1:: 111k e111i1) ·, e'..:ro\I and/or \lib escro \I accou lll pr ior 10 disbu r semen l of an) fun ds. O n l) "ire-1 ra1hli.:rred fumb ca n be gi,en i111media1e ava i labilil) upon depo~i l. Cashier's checks. 1dkr's chcd~s and Ce rti lied checks ma) be availabl e one b usine's da) a lier depo sit. All 01he r fu nds ~u c h as personal. co r p1m11c or pa r1n ..:1,hip ch..:ck' and draJ"1, are subj ec 1 10 111 and at01") holding per i od s 11 hich m a: cause m aierial del a) s i n disburse 111 ..:n 1 of funds i n 1h i s i:sc ro11. In o r der 111 m oid di:Ja: '· :ill 1·u11di ngs shou ld he 11 i r e 1ra nsfnrcd . Ou1goin !!-wi n : tran ,li.:rs w ill 1101 be aut horized un1il rnn lir111a 1i on of 1hc rc,p..:c1 i ve i ncomi 11g 1\ire 1ra11 >kror lli a1a il ab ilit: ol"dcpll,ilcd c hecb Depu-;11 o r fund -, 1111 0 ge ne ra l cscro11 1rus 1 accou n 1 un k '' instru c l ed tll l11.:r " isc. Yo u ma ) ins1ru c t l:.scrow H uld..:r IO dt:!po si1 )O ur J"u nt b in1u an i nlt:n:s1 bearing acco un t b: signing an d ret urning th e "Escro\1 l n>1 ruc1i ons -lnteresl l.k aring r\ccount ". \1hich ha, bee n pro 1itkd t o )OU. II )tlll do not so instruct us. then all funds r ece i ved in t hi s escrow shall be clt:posi t..:d wi th o ther escro11 fun ds in one or m ore general escro\1 tr us t accounts. w hich i nclude bo1h no n-i nteres t bearing d emand accounts an d oth er depos itory accou nts of Escrow H older. in an: state or nationa l ba nk or sm i ngs and l oan assoc i a1inn i nsured b) t he Federa l D epos it In su ra nce C orporation (the "deposi tor y in s1 ituti ons") an d may be tran sfe rred to an y 01hcr >uc h esc ro,1 1ru s1 acc ou 111s or f'sc ro w Holder or o ne o f i1s affiliates. ei1h er \1 i 1hi n or u u1 si de 1he State or Ca li fr>rn ia. 1\ ge nera l escro\1 tru s1 acco un1 i s rcs 1r ic 1c·d a nd pro1cc1ccl agains l c la i ms b: t hird parti es and c r ed itors o f I 'iCl"O \\ l l 0illc r rind its artiliates. Receip1 or be11 efi1s by Escro,1 H o ld er an d afli l iat cs. The pa rtie' 10 1h i> esc ro\1 acknow le dge lhal th e maintenam:e of suc h ge nera l esrrt111 1ru s1 acc o un ls w ith ,onH! clepos i1o ry institu1 ion s 111 ay rc sul1 in Escrow I I o lder or i 1s artilia1e;, be ing p rov ided \1 i1 h an arm : or ba n k ,en ices, acco11rn 1oda 1ion;. ur 01her bcne tits by th e dcpos i1or y insti 1t11i o n. So me o r all or 1he'e b enefil~ m ay be consi dered in1erest due ~ou under Cal i forn ia Insuran ce Cod e Sec tion 12-11 3.5 . Esc ro'' H ol der or its affi liates al so 1rn1) el cc1 10 en ter i111 0 01 her bu siness 1ra nsac1io ns wi 1h or ob1 a in l oan' for in vestmc n1 or 01h c r p urpo;,e;. from the deposi1or) i n. ti1ut ion. A l l such sen ices. riccom m oda1io n;,. and other bencfi1s shall accrue 10 Escro11 I l \llder or i i ' al"lilia1e~ an d E scro \1 I l o l dcr shal l hm e 110 ob l igat i on 10 acco u111 10 1he part"'' 10 1h is c>ero\\' for 1he 'alue n r' suc h sen ice,. accomnwda1 1ons. i n1 crcs1 or 01her b,·nc ti 1,. Sai d funds 11·ill 1H •I earn i ntc·r cs l unl ess 1he i1b truc1ion s 01 hc 1·11 i sc~ spt:citi ..:a l ly sia 1,· 11ta1 fun d;. sha ll be d c pusi 1cd in an in 1c r cs 1-hcari 11 g acuu 1n1 1\l l d is burs..:men b ~h.ill bt' m ade b) c heck of l ·i d..:l il) Na 1iu11 al T i1 le Crnnpa n). I he prin c i pa l s IO 1h i s escrow arc hereby nolilicd 1ha 1 1hc lunds dt:po si 1,·d her ein .i r e im.ured on l ~· IO 1h c l i111i 1 provi de d b_:.. 1he Federal De po si 1 I nsurance C o r pora tion. /\ny in s1 ru c tion fo r bank ''ire \1i l l prm i de rea so 11.1ble t ime or no1ice llir 1-scrow H older'> com pl i ance wi1 h suc h i n~t r uc 1i o n . J:sc row H olde r 's sole du!) and responsi b i lit) sha ll be t o place sa i d 11 ire 1r.111sler ins 1rnc1ion s 11 i 1h i1s wi r i ng ba nk upon co nlir mat i on o f (I ) sa tisfac tion o r cond i1i on s precedc n l or (2) d ocum ent r ecordaiion a1 clo~e o f escro1\ Escrow l l oldt:r 11 ill \JOT be hel d re s po nsib le for l os1 inter es t clue l o \\ire dc l rt)S ca used by a n~ bank o r 1h e Fe d eral Rc "c n e S),l c m . and reco n1111e ncb 1lw1 .Iii panic;, make 1he111 sel\'es a11<irc o rbm1ki ng reg ul a1i nn s w i1h re g ard 10 p lm:e111e 111 or\1 in':s. In 1h c L·ve n1 t here is insuflir i e111 1ime to place a wire upo n an y suc h co11li rm atio 11 o r th e w i res havc c l osed fo r th e d ay . 1h e pan ic~ ag ree w prm icle ll'ri11 en inslructions for an altcrna1i v e 1111.!thocl of di sbu r se me n t. W ITI IO U T A N /\L TERNATIVE D I Sl3U RSEfVI ENT INSTR UCTI O '· FLl\J DS WIL L nE H ELD I I TR US'I IN A N O N -IN TER EST I3 E/\RI NG ACCO UNT u 'r1 1. THE N EX T OPP O RTUN ITY ro R W ll{J-: PLACEM I]\ r . 2. PRORA T I O\'S AND r\OJ U STi\IE T S All p ro r ai ions an d 'or adju ~1 men t s cal l ed for in thi s esc ro11 ar e IO be made on 1h e bas i s o f a t hirt) (30) dny mon1h unkss ot hen' i se i ns1rnc1c·d in \1 r i1ing You art> Ill use i n formmion cont ained on las1 a\ai lnblc l a\ state111e 11 1. re111al s1n1cmen1 as pro\'i de d b) 1he '>eller. be neticiar)'s s1atrn1.::11 1 an d tire insu rance polrc : tklivcn:d in 10 cs cro \1 for 1he pro ra1 i u ns prO\ ided l\•r hc'rcin . J. SUPP L E :\IE1'\"fA L T AXES r he w i1hin dl!scri bcd prn pCrl) m ay be subjecl 10 sup pl cmenia l real property ta.\es d u..: to 1h1.: c han gl' or 011 ner sh i p l aking pl ace 1h ro ug h th i , o r a pr ev ious escro11 1ransac 1i on. A ny suppl emen1al real p ro pe rty l axes ar i si ng as a rc;,ult o r 1he 1ran sfc:1· o r 1h e p rope rt) to B u) t:r shal l be· the sole resplHh ibi lil) o l llu:er ri nd an: su pp le111 cn 1al real p ropen ~ lax es :ir i s ing pr io r l o 1ht: c los ing dal e shal l be 1h e so le rcspo n s ibi l it ~ orih t: Sclkr. I A X 131 LI. OR Rl·F L \lDS ISSl IJ· J) /\ITER Cl.O';[ or ES ( RO\\' SllA I I BE 11 /\ DI.ED D IRECT L Y 13 ET\V EF '.\ lll'YER Al\() SE l.LEI{ ~-L'T l l.IT I ES/l'OSSES 10 '\ r ran ;,fn ofu1il i 11,"i ,1 nd po,,c·,,i on of 1hc prem i;,e;, arc 10 he sell led b) lhL· pan ic;, d i rc·c i l) and ou1side escro\1. 5. PR EP ARAT I ON A N D REC ORDATI O N OF I NS TR Ui\I EN T S t:sc ro\1 I I ol de r is authori ze d to p rt:par e. o b1a i n. record and ci t: li ver th e necess ary instruments 10 carry out the term s and condi1i ons or thi s escro w an d IO order the policy of 1i 1l e insura nce IO bc i ssued at c l os e or esc ro w as cal led fo r i n these inst ru c1i o ns. C l ose of esc row sha ll mean 1he date i nstru111en 1s arc 1\-corclc d. 6. Al 1 1-IORIZ.\T I O N T O F lJ R 1I SH C OP I E S You ar c nu thoriLed w furnish copies or 1hcsc in st ruc 1 io n ~. suppk111 e111-;. a111cndmen1>. no1 ices o r canci:lla1ion and closi ng s1a1c111en1 s. to 1h e Real Es1a 1c Hroker(s) and Lender( s) name d in 1hi s escrow. General l'n.n l'.'>ll>ll Pr in1~d I I 000 I I ~ 00 ,\\I h~ 11-- FIOOOln, tD'>I R,., o~ 19 J 7> Pagi: I 7. R I Gl lT OFCANCE LUTI ON A ll) pri ncipal instruc tin g ) ou to ca ncel thi s escrow shall Ille notice of ca11ce llatio11 in y our orllcc.: in writing. You sha ll. 11 ithi11 two (2) worJ,.ing days therc:allc r. ckl i vc.:r. one cop:-o f such not i ce to eac h of the other pri nci pa 1, at the addresses stat ed in th is ;;sc roll'. UN LESS \\'RI ITEN Oll.11-CTION TO CA CELLATI ON I S FIL E D I~ Y OUR OFFI CE llY r\ PRI N CIPAL \\'J JI ll N Tl:.\' ( 10) DAY ~ .\J "J lR D.\ 11 OF SUC H DELI VERY. YO U ;\R E AUTHOR I ZED TO COIVIPLY W JTll SUCH OTICE AN D DE1\l.A, D P A Y 1\ll:. T 01 YO U R C/\1'CI· LLATI O C llARGES. If written objection is filed. you are au thorized to hold all money and instrumen t s in thi s e;cro11 and ta k e no further ac tion unt i I otherwise directed. either by the principals' mutual \\Titten instruct i ons. or by final ord er of a cou rt of competent jurisclic11on. 8. PER SONA L PRO PERl Y No e\C1 111 inati n n or insurnncc.: n~ to lhe am o un t ur pa) mcnt of perso nal proper!) ta\c-; i' requ ired unlc~~ -;p..:vilit:a l h r..:q uc stecl. l3) ~i g111 11g th t:se· (ic111:ral P ll" isions. th o.: pan ic~ t o the e ~..:ro" hc.:n:b) acl,.n(lll kdg c.: th at thc.:1 arc.: i11dc11111il) ing 11 11: J.,cro11 I lold.:r agai n~t ,111) uncl a l l m att..:r s rdating t o any "llulk Saks" requ irem cnts. and inst ruct Escro11 Agent to proceed 11 nh th e closing of escro11 11 ithout an) considcr•1li o n of matter o f an) nat ure 11 hat,oc.:1·er r egarding "Bulk Sa le s" being handled t hrough esi.:ro". 9. RIGllT OF 1u :s 1G:"IA 'l I O:"I Esc rn 11 I l okkr h;,, th<: 1 igl11 tu re,ign upon 11 riucn notice dcl i vl!r..:d to tli<.' principals herein. If suc h right i s t:.'\ercist'd. al l fun ds and dot.:urne 1m ~hall be r..:tu rne d to th ,· part) 11h(1 d..:positccl tlw111and 1:sc ro11 I l o lder sha ll ha1c no lia h ilrt ~ hereumkr. 10 . A L rt-I OR I ZA TI ON T O EXECUT E ASS I GN M EN T OF HAZA RD I NSU RA N C E POLI C I ES Either 11uyer. Sell er and/or L c.:ncler may hand )OU the insurance agcnt's na me and insurance poli cy in formation. and )OU arc to e\ecute. on hch a lfof the pri nc ipal s heret o. form assig nments of int erest in any insurance policy (ot her than title insurance) ca lled for in this escrow, forward assig nment and policy to th c insurance agent. requesting that th e insurer conse nt t o such transfer and/or attac h a l oss payable clause and/or such o ther en cl ors,·ments as ma) be req uired . and forward suc h policy(s) t o the prin cipa l s entit led thereto. It i s not) our re sponsibilit) to vcri f) the in li>rma t ion hanckd y ou o r th <.' assignabi lit) o f said insurance. Your sole duty is to fornarcl sa id req uest to insurance agent at c lose o fesc ro11 . Furthe r. t here sha l l bi;: no rc·sp onsibiliry upon tht: part of I scroll' I lo Icier 10 n:nc11 ha1a rd insurance poli cy(s ) upon e.'\pin11 ion or othcrll'ise i-c·ep it in force ei ther during o r subs..:q ucnt to the c l ose of esc ro". Ca ncel lat i on o f an y t.:\isting hazard insurance po lic i es is to be han d led din:cth b) the principals. and outside of es cro11. 11. ACT I 0:'-1 l t\' I NTERPl.EA D E R fhc principals hc.:reto C\prc,sl ) agree th at ) ou. as J-:sc ro" Holder. ha1·,· the ah. olutc.: r i gh t at ) our ekction 10 lile an ac ti on in interpleader rl'l]tnring the pri m:ipal s to ;111"1 c.:r an d litigat e the ir s.:1 i.:ral c l a ims and r ights a1111>n).! th cm~l·h <'' and ) o u rn\: au th o ri1ed to depo,it ll'ith t h.: dl!rk or t he rnu rt all dornmcnts and fund s held i n this cscro11 . In the >::1cnt suc h ac tion ., lilcd. t h,· pr incipab joint !) and se 1cral l) agn:e to pa) )Our ..:an,..:11.nion ..:harge' ancl <.'ost s. C'\p..:n sc·, nnd reasonable :lllllrney's kc, 11 hich ) ou .ir.: req u ired to e;..pe nd or inctll' i n such interplcackr ac tio n. th,· <t1 11ou nt ther col to b..: li:\cd and j ud µmcn t therefore to be.: rendered h) th<: court. U pon the· Ii ling of such action. )OU shall thereupon b e fu l l) reka,ed and discharg ed from a ll obl igations imposed h> the term s or th is esc row or o th erwi se. 12. T£f{l\1 1NATION OF AGENC Y OB LI G A T I ON Jrth..:rc· is no act il>n take n 011 t his escro11 11·i th i11 six (6) months alier th e "time limit el ate" as set lorth in thc escro11 instruct i ons or "riuen <.'\tension t hcreol. v our agi.:11C ) obliga1 i on shall term inate.: at) our option an cl a ll documents. monies or other i tem s held b) > 1H1 $hall be returned to th..: parties depo>i t ng samt: In the e1e111 of can ce llat i on of thi s escroll'. \\hethcr it he at the re qu es t of an) of th e princ i pals or o ther11 i se. the.: l'o:es an d <:harg>::s due I i ,l dit~ N<1tional rit lc C ompany. inc l uding expe nd it ures inc urr..:d and /or aut horized sha ll be bornc cquall:-b> th e parties her..:tn (u nless o tht:rn 1,c ag reed to speo.:i lically). 13 . CO:"I F LI C T I NG I NSTRUCTIONS Upon rece ipt or any c o nllic ting i nstructions, you are to take no action in connection w i t h this escrow until non-conflicting i nstructions nr..: rece i\ ed fr om all o f the principal s to thi s esc row (subject to sec tions 7. 9. I I and 12 ab ovl.'). 14 . OE.Ll\'£R ' /RECE I P'I D..:li1e 11 to prini.:ipals a-; u,,e·d in the se in,truction s unkss 1>1hern 1,>:: sta tc.:d herein 1s to bi; b) han d in p..:rson to the· princi pal. re g ula r ma il. ,·111 .i i l or fa .\ to .1 11) or t he <:ontact i n li>nnation pro1 icl ccl in th ese instructi ons. II d..:li vcn.:d h) r<:g ulnr mail rt:ceipt i s dctt'r1111ned to be 72 hours a l te r -;u1,;h mail in).!. All clorn1nc nts. ba lance s and statemen t s clue to the unders igned may b<: th.:livered to the co ntact i nformation sho11 n h..:rei n . All notices, change ol' i nst ru et1 on s . ..:o m111unications and documents are to be delivered in writ i ng to t he office or Fid el it y Na ti o n a l T i t l e Co m p n n y a, ,t:t 1·onh herein. I 5. ST\ T £/FEDEl{A L ( 0 DE. 'OT I FI CA rl Ol\S .\cwn lllg 1,11-nf -ral 1 .. 1\\. th e Sl.'ller. 11 hc.:n .1pplit.:ab le. 11 111 bl! rcquir,·,, to compktl' a sale> acti1it) r..:port that 11ill be utilizt:d to gene ral<.' a 1099 ,t;11emcnt Ill the.: Ii tl.'rnal Re·1 ,·nue Scn i ei.:. Ge neral Pro11 sio1h E10000 76(D SI lb 05 /19117) Page 2 Pr i nted : 1/1/000 1 12 00 AM b) .II-. Pur~ua111 to S1<11e La11. prior 10 the close orescro11. Bu)er will rro,idc Escrow llo lder with a Preliminary Change of'011nersh i p l ~epon In the event ~ai d r eport i-; 1101 lrnll<kd lO Escrow I I olde r fo r submissi on 10 th e Count) in 11 hich subject prorert: is located. upon r ecording o r the< irant Deed. l\uyers acknoll'kdgc that the applicabk fee 11 ill be assessl'd b) ':11d Count' ,111d Esern11 I !older shall debit th..: account or Bu)..:r li>r ~me at close 01 ..:scnn'. 16 . N O 'l-R ESIDENT .-\1.1 1-.N rhc I orcign l11\c ,1me111 in !{cal Proper!) ·1 a:-. Act (FIRJYI r\). Titk 26 l".S.C.. Section 1-145. and the regulat ions thcrc under. provide in pa r t. 1ha1 a translerce (bu) crJ or a U.~. real proper!) interest from a foreign pcrson must 11 ithhold a statutOJ') pcrccmage of the amount reali zed on the di sposition. report th e 1ran ,;1c 1ion and remit th e withhold i ng to the In ternal Reve nue Service (I RS ) with in t ll'cnty (20) d a)S after the transf"er. F id elit.1 Nnt i o nal Titl e Compan y wi ll not dete r m i n..: nor aid in the dett:rmination or'' hether th..: f'IRP"l 1\ withhold i ng provis ions an: applicabk to the su b.1 ec1 trnn~action. nor ac t as a Q ualilicd Substitute under st:ite or li.:ckral la11. nor furnish tax achicc to an) part) to th i.: transaction. l·idelny >Jation it l Title.; Compnn) 1\ill no t de termine nor aid in the determination or,,hcther the transact io n ''ill qualil) lor an c:-.ccpti on or an t:\cn 1ption and i> 1101 r t:,pons ib lc ro r thc Ii ling or an: l a:--form s with th e I RS a~ they r ela te.: 10 FIRPI 1\. nor responsib le for co llecti ng and holding ol an) dot:u111.:nta1ion J'rp1111he bu~er o r sd ler on the bu)e1 .. s behalf for the p urpose ofsuppl>rting a daim of an C\ci.:pt i on or c.\emption . Fide l it.1 .\at1011al T it l e Compa n ) i~ not an agent for the bu) er for the purposes or r eceiving and anal) zing an) evicknce or clon1111en1at ion that the se l k r in the subject tran sac ti on i s a U.S. citizen o r re si dent alien. Fidel i t y Na ti onal Tit l e Com p n n y i s no t res pon sible for th e pay ment of this tax ancl /o r pe na l ty ancl /or in terest incurred in connecti on th erewi th and such taxes arc not a matter co1ercd by the 0\1ne1 .. s Policy of' Title I nsura nce to be i ss ued 10 the bu)t:r. fi d el ity :\ation a l Tit l e Comp a ny i s not re spo nsibk lor the compl etion or ;my IRS documents or related forms relat ed to the rl·krenced statute rhe buycr is ach iscd: the) must independently make a determinatio n of 11 hether th e con 1empl<11ccl transaction i s su bject 10 the'' i1 hl10ldi11g requirl'111e n1 : bear full re~pn1 1 '.ibili1: for rn111pliam:e ll'ith th e 11 i 1hhn ld i11g req uirrn1t.:n l i1· applicable and /or liir pa: men! of an: ta:-.. 11 11vn:s1. pi:n alt i -.:~ and or nthcr c'\pl"lht.:' that m a: be due lln t he ~ubjcct trmhal ti on: a11 d the : arl' n.:~po nsib lc for the l·oi11p k1ion of an) a11d .ill l i1 rn1s. i11cludi11g but n1ll l imited 11> applicable IRS documentation. and the 111<1i ling nl those forn 1,,. fhe Bu: er is ad' i'ccl an: forms. docu111,nh. or inform.it ion recei,t:cl from Fidelit y N at i on a l Titl e Compa ny i s no t t;I\ o r legal adv it.:e a11d shou ld 1101 bi:: co1btru..:cl as such nor 1rca1..:d a~ a complete represe 111 a1io11 of l'I RPTI\ requir..:1nen t s. Bu) er shou l d seek outside cou nsel fh>1n a qualified indi' idual 10 dctcrm i ne any and al l implit.:aliOllS of the refcrCllC <.!d 'latUte. 17. f::\C Ui\IBR·\~C l~S 1-:scrl.l\I 1 lolder i ~ w act upun an: s1a 1e111enh furnished b\ a l knhokk1 or his l!h~lll without liabilit\ or respon,ibilit~ for the accurac : l >f ,uch ,tatcml·n ts. ,\ 11~ .1dj uslilll'llh net.:cssar: because o r a d iscr.:pancy bet 11 een the· in lorma1 ion furni>hed Escnl\\ I I o lde r and an) am oun t later detcnni 11ccl 10 Lw correct shall be se ulecl bet11cc11 th c: parties direct and outside of..:s..:ro w. You rm: authori1ed. wi thout the need for further approval. lo debit my accou nt for any fees and c harges that I have agreed to pa) i n connection'' ith this cscro11. and for an) amounts that I am obl iga ted to pay 10 th e holder of any lien or encumbrance to establish the t i tle as insu red by the po l ic) of title in,urance rnlled Cor in these in structions. I f Cor any 1·easo n my account i s 1101 debited Cor suc h a111ou 111 s at the time of c los i ng. I agrcc w pay thc111 i1 11111edia1ch upon dc111and . or 10 r eimburse any otht:r person or c111il) who has paid t hc111. 18. E.\\'IRONJ\I E N T A L I SSUES Fid c l i t ) N at i o n al Titlr Compa n y has made 110 in,es ti gn tion concerning said p rupnty as lO c11v iron111en1al /to.\i c 11<is1e issue>. An) duc diligi.:ncc required or needed to determine environmcnrnl i m pact as to fo r ms of 1n.\ilica1ion. if applicable. ,,·ill be clone d i rcc t l) and by principab outside of escnl\\ F i de lity .\nt i o na l Titl e Co mpa ny is released of an) re spo nsibilil) and/or liability in connection tlH::re\rith . 19. l l SL I RY Escro,1 Holder 1> not to be co11c erned '' nh all\ ques t ion~ of usury in ;111~ loan ,,r l'ncumbrancc im oh cd in the prot.:..:ss in g or this cscru" and is hcrt:h) rcleasc.:d ,,fan) respunsibilit) or liabili1: thcrl'l'on; 20. D J:-.C L O Ll{E Esc1\l\\ H oldn\ km1\\ kdgc of mailers <1ffrc1111g t he pnipeny. providcd suc h li1cb do not pre:' ent rn111pliancc '' ith these i11'truc1ions. l k>c.:' not cr ea tl' ;1 n: li abilit' or dut) in addi tion 10 thes.: instruc tions. 2 1. FA CSL\ll LE EL EC T ROi\I C S I G :\r\Tl1RE Escro" I I older 1s hcrch) nuthoriz..:d and instructed that. in tht: c1 cm an~ pa rt ) 11tili1es ekctron ic or "f acsimile" 1ransmi 1t t:cl signed docun1en1, or i nstruc tions 10 I scro 11 I l o ltk r. you are I ll re l: on the same fo r all escrm\ in s1n 11.:1ion purpost:s and the closing of escrow as i f the) bo 1\' orig i na l si gnatun.:s ... Fle<:trnnic Si gnature·· mea ns. as applicabk. an elec t ronic copy or si gnallln: compl: ing with Californ ia I.aw. 22. C L ARIFI CA T I ON O F D UTI ES F i d elity n t i o n al Titl e Co mpnny se rves ONL Y as an Escrow Holder i n co nn ec t ion with th ese ins tructions and canno t gi\e legal ath ice to an: pa rt) hert:ll>. Escro '' Holder i, not 10 be held accountable or liable for the ~ufficienC)' or rorrectn ess as 10 form. nrnnner or exec ut i on. or 'al id it~ of any ins1run 1c n1 depo-;i1 ed in thi~ ..:scrow. nor as 10 the idcntil). n11 1h o ri1 y or r i gh ts o f an: pe r son t:\l'Cu t i ng the snmc . hcnm Holder's dutic~ hc·rcunde r shall b,· limited 111 the proper handling or ,ud1 mnnt:) and the:: propcr ,,1kkccpi11g or such 111~1rumcnb. nr othe r documents rcc ci\c.:d b\ 1:"ro '' 1 loldn and for the· dispoSillllll of ~am e in accordance'' ith the" nuen 11btruc tio n~ a<:l'Cp l ed b~ I .~cro'' Holder. 1'11c agciic) and du t ies o f J ~,croll' 1 l o ld er com111c ncc:: o nl y upon rece i pt o l\:opit:s ort h~sc Escrow Instruct ions e:-.ecutccl b) all parties. G~n~ral Pro 11s101i-Print,·d 1111000 1 12 00 Ai\I b) .1 1' Page 3 23. FU:"I DS ll ELD I N ESC ROW When the companv has rund~ rc.:mai ning in escro11 ove r 90 days after cl\ise of .:sc ro11 or cstimatt:d close.: ofcscro11 . the.: Com pan) shnl l impost· a month I~ ho ld ing r..:..: of S25.00 that i~ 10 be c hargc.:d agains t th..: fu nds h1.:ld b~ the Compan). rI ll S 1\G REUvll .\!T IN /\LI. PARTS /\PP l.I ES TO . INL'Rl :S ·10 1111 -B ENU 11 O F. /\ND BI NDS 1\LL PA I{ 111-.S HE RE '! 0 . I l-1 1:-,11{ 111-.IRS , L EG A I EES. DL V I SEES. A D M IN I ST RATO RS. EX ECU T O RS. SUCCESSO l{S AN D ,\S SIGNS. AN D WI ILNEVER Tl I E CON 11-'<I SO R EQ U IRES T l I E i'vl ASC ULIN E GEN D ER I C LUDES I HE FEM IJ\1'\E. AN D NEUTER. /\N D Tl I E SINGUL.1\R \!U MBER INCLU I>I S 11 I E PL LJR,\L. T l I ESI I 1S rR l 'CTI ONS AN D ANY OTHER AMEN D MENTS M AY BE EXECUTED 11 /\NY UMl3ER OF COUNTERl'Aln S. EACH U F \Vlll Cll SHA Li HI '. CO ISJDE RFD AS A 1 OR IG ! ',\L /\'\DBE 11 1-1CTIV L 1\S SUCI I. \llY Sl l 1NA1 l 'l{I H l~l(E I () CONS1 T l l ·11 .s INS l'R UC'l IO N 10 I :---<. IW\\ 11()1 l)EI\ m ;\L L r1::RMS A~I) CON DITI ONS COi\ I ·\l \J l .D IN 111 1') A!\D 1\LL l'R F< 1 IJI 'G PM i l S ,\N D FU IUlll-R SIG 11F IES Tll1\I I llA \'I l~l::A D AN D UNDE l{STAN D lllES J-. Gl.\'.l·Rt\L PROV l 'i l ON~ F i de l i t ~ :\':it ion al T itle Compa ny condu<'l s escrow bu s iness und er a Certi fi cat e or A uthorit y No . 30 53 50 iss ued by th e Californ ia Depart ment or ln sura ncr. General Pro ' 1sio11' Prin11.:d : 11110001 12.00 AM b) .If... E1000076 (OS I R~1 05/19/17) Page -I When recorded , please mail this instrumen t a nd tax sta tements to : C ieri\ o f th e C o un c il C ity o f San t a A na 20 Ci v ic Cc 11t c 1· P laza, M -3 0 Sa nta A n a , Californi a 9270 1 Free reco rdin g requ es ted by rHE Cl I Y 01· SA:-.. TA A , A Pl·R GOVER. MF.i\T Cc >DE SECl 10 1 61 03 . (A.'l 1 1 .\l'PI\( l\0 LD A!> TO APPR O\.l·D UY rA.'\L> IOR\111\ Ari\ DIRECTOR x _____ SPACE Al30VE T HIS LINE FO R RECORDER 'S USE ____ _ DESCR l l,.1101' DE,<. RI PTIO!\ ·\ p N R II \I \I' PROJ~C I \\ RITTE1' 13\ CHll "-f,D-0 K 188-02 1-08 'L \11111\ 1\L~ll JLR -1~0-1 IV l s1 su~~l. Sn111n An:1. L \ 9C?03 D~LD " \1111 R GRANT DEED FOR VALU AB LE CONSIDERATION, re c e ipt of which i s h e re by acknowl edged, RIF40, LLC , a Ca l ifornia l imited liabi l ity company Do He reby Grant to the C ITY O F SA NTA A NA, a charter cit y and municipal co rporat ion du ly organized unde r the Co n stitu tio n and laws of th e Sta te o f Ca lifornia , a ll that rea l pro perty in th e Cit y o f San ta A na , Oran ge Coun ty, Stat e of Ca li fo rni a, lo cated at 44 04 W . 1st Str ee t , Santa Ana , CA 92 70 3 , d escribed as fol lows: SEE EXHIBIT ''A" ATTACHED HER ETO A ND BY THI S RE F ERE NC E MADE A PART HEREOF; Dated '-: --"'O-""ch"-"--'"k.v~-L _-r-_2_~ _2._2-__ _ RI F40 , LLC , a Californi a l imited l iab i l ity compa ny CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE§ 1189 • A notary public or other officer completing thi s certificate verifi es only the identity of the individu al who signed the document to which this certificate is attached, and not the trut hful ness, accuracy, or validity of that document. Here Insert Name and Title of the Officer person~~ appeared -~~_r_~-~~~~~~~~~~~'~-~~~~~-~~-~~l~~~~~~~~/~-------­f Name(s) of Signer(s) -------------------------------------· who proved to me on the b asis of satisfactory evidence to be thft._person(~ whose name(9'~re cribed to the within instrument and ackno~~ged to me tha~/she/th ey executed the same in er/their authorized .capacity(ies), and that b~her/th eir signature(~) on the instrumen t the person~, e entity upon behalf of which the person(~ acted, executed the instrument. Place Notary Sea/ Above I certify under PENAL TY OF PERJURY under th e laws of th e State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. S ignatur~~/~z. -'""----===:::::::::::========-- / Signature of Notary Public Though this section is optional, completing this information can deter alteration of th e document or fraudulent reattachment of this form to an unintended document. Description of Attached Document ~ } Title or Ty pe of Document: _,._cd-:~""'A!""'""'""''--=\:-'-_~..,:::.....c.=.. __ ____;_ _______________ _ Document Date : \ (:; 1 ) S/ 2c 2.. "2-Number of Pages : -+------- Signer(s) Other Than Named Above: ------------------------ Capacity(ies) Claimed by Signer(s) Signer's Name: ___________ _ Signer's Name: ___________ _ D Corporate Officer -Title(s): ______ _ 0 Corporate Officer -Title(s): ______ _ D Partner -D Limited 0 General D Partner -D Limited D General D Individual 0 Attorney in Fact D Individual D Attorney in Fact D Trustee D Guardian or Conservator D Trustee D Guardian or Conservator D Other: ______________ _ D Other: --------------Signer Is Representing : ________ _ Signer Is Representing: ________ _ • ©2016 National Notary Assoc iation• www.Nationa lN otary.org • 1-800-US NOTARY (1-800-876-6827) It em #5907 CITY OF SANTA ANA FY 22/23CIP CAPITAL IMPROVEMENT PROJECT WORKSHEET PROJECT DESCRIPTION: Acquisition of property for future West Station Well Project and associated park facility. PROJECT NEED: Existing infrastructure has exceeded its useful life and needs to be replaced; property will allow for potential increased water treatment footprint. PROJECT TITLE: West Station Well Project PROJECT CATEGORY: Utility/Drainage/Lighting Improvements Water Improvements LOCATION MAP AGENCY:DIVISION:CONTACT:DATE: Public Works Water Resources Armando Fernandez, Senior Civil Engineer 20-Oct-2022 PROJECT COSTS FY 22/23 FY 23/24 FY 24/25 FY 25/26 FY 26/27 FY 27/28 FY 28/29 Other 10,750,000 ------ TOTAL 10,750,000 ------ SOURCE OF FUNDS FY 22/23 FY 23/24 FY 24/25 FY 25/26 FY 26/27 FY 27/28 FY 28/29 ARPA Funds 3,225,000 ------ WATER CAPITAL 7,525,000 ------ TOTAL 10,750,000 ------