AgdaPkt 2000-09-11 - Laserfiche WebLink

Browse Search

f'.ug 30 00 01:47p 650 595 3976; 415-685-1799 08/28/00 12:52; J~~462;Page 6/8 p.7 Sent by: ~ACKSON BOLGARD - ",..c.......d, 8/22/ a 115:""; 416 086 '788 .. ~AC~80N DO~GA"D¡ Page a p.3 'f).')...Â~ 415-685-1799 Rue 22 00 03:52p , CaJifomia , 2000 Deed No. REAJ~ PROPERTY PlJRCHASE CONTRACT Document No. ~ in the form of 11 Grant Deed has been executed and dehv~red to Michael Church. Execuúve Director of The Redevelopmcnt AgclIJ:'j of the City of Rðdwood CIty ("Agency"), by The Rosalee Davies Trust ("OrantOr(s)"). In consideration of which, and the other considerations hereinafter set forth. 1t is ffi\lroaUy agreed a6 follows: 1. 2. The Agency and GrantOr(s) ("parties") have herein set forth th~ whole oftbeir agreement. The , ~rformance of this agr~t consútutcs the enÚle c:on¡ideraúoo for said document and shall reheve the Agency of 1I.l1 further oblisations or claims on this account, Or on account of the location. Implementalion. construction or operation of the proposed public improvement except as otherwise provided herein. The Agency shall pay the sum of $2,115,000 (or (he property described as I) 1502 S. 81 Camino APN 053.093-130; 2) 1540 E! Camino. APN 053.093-140; 3) 124 Lincoln Ave., APN 053-093-070; 4) 130 Lincoln Ave., APN 053.093-080. and which \S the subject of Grant Deðd herein 10 the following title company: First American Tide Company. 555 Marshall Street. Redwood City. Ca.\ifomia, Escrow No. for th~ account of Qrantor{s). condiúODCd upon the property vesting in the Agency tree ¡md clear of Iillli(;~. Ic:.ascs, cncurnbranoc.s, easements (recorded and/or unrecorded). assessmentS and taXes. except taXcs for the fiscal year in which this escrow c1o&es ¡hall be prorated and paid at the close of escrow. Any current taxes that cannot be prorated and paM shall be cleared and paid in the manner required by sccúon 4986 of the Revenue and Taxation Code and/or as hereinafter provided. 3. Gral\lor(s) wanant thal mere are no oral or writt.cm leUGs on all or any portion of the property exceeding a period of one monm. and Gmntor(s) funher agree 10 hold the Agency harmless and reimburse Agency for any and all of itS losses and e~penses occasioned by reason of any lease of said propeny held by any tenant of grantor for ill period excc.c:ding one month. excepting therefrom any e)(pense~ Agency incu~ resulting from its obligations for relocation 8$Sistance benefits which may arise by reason of Article 9 of Chipie!' 4 of Division 2A of \he Health and Safety Code of the State of California. or by reason of Chapler 16 of division 7 ofTÍllc 1 of the GoyçmmCnl Code of me State of California. or by reason of Ihe federaJ act entitled "Uniform Relocation Assistance and Real Propeny Acquisition Policies Act of 1970" (Public Law 91-646). as amended. or by reason of any law or regulation Of the United Slarc¡ of Americli or the State of Calitomia, GranlO~s) ac1cJ\owledge and agree that GranlOr(s) are not entitled to receive any compensation fOT relocau~n. fixtures and equipment or goodwi11 and further agree to execute qui I claim deedi. if appropnale. for any such propeny inlereslS. 4. 5. Grantor(s) acknowled,c an~ agree ',hat Agency has ~a~isfied alllegaJ requirementS imposc=ù by Charier 16 (commenclftg with SectIon 7260) of DIVIJ;IOn 7 of Title J of the Government Code wilh a partlc~lar reference to Sccuon 7261. 7267.1 and 7267.2. and Granmr(s) agree to volunwily and Icn,?wmgly release and ror~ver dlscharg~ Agency and its successors and assigned. trom aJ'Iy and aill ~hums or dama.8d,for relocation assi¡;tance benefits which may an!le by reason of ArUcle 9 of ChapICr 4 of DI~I~l~n 24 of t~e Health and Safety Code of thIS Slate of California, or by reason of Chapter 16 of div~£lon 7 of. Tille I of the ~over1'mcnt Code of the Stare of California, Of by rciiJ;on of the f~era1 ~t enbtled "Uniform ReJOC8uon Assistance and Real PropertY Acquisiúon Policies Ac! of 1970 . (Public Law 91-646), as amended. or by reason of any law or regulation of the United StateS of Amcnclt or thc SUIte of C¡difumiA. . Pllge 1 of 3 r-'---r'