Agmt25 Property Purchase Agreement Woodside Road Interchange Improvement Project

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, Docusign Envelope ID: E798FFDB-2346-4993-A39D-3A6381A6D239 GRANTOR: FN VETERANS LLC, A CALIFORNIA LIMITED LIABILITY COMPANY APN: 052-431-010 (portion of) PROJECT PARCEL NO. 64076 PROJECT: US HIGHWAY 101 I STATE ROUTE 84 (WOODSIDE ROAD) INTERCHANGE IMPROVEMENT PROJECT B. This sum includes all claims for compensation including, without limitation, the acquisition of the Subject Property, any severance damages, inverse condemnation, loss of business goodwill, interest, attorneys' and witness fees, costs, and any and all other claims relating in any way to acquisition by CITY of the Subject Property, or from the construction and use thereon of the Project as proposed, planned and designed, and Grantor is not entitled to any further compensation herein. C. Pay all escrow and recording fees incurred in this transaction and, if title insurance is desired by CITY, the premium charged therefore. (Said escrow and recording charges shall not, however, include documentary transfer tax.) D. Have the authority to deduct and pay from the amount shown in Clause 2(A) herein any amount necessary to satisfy any bond demands and delinquent taxes due in any year except the year in which this escrow closes, together with penalties and interest thereon, and/or delinquent and unpaid nondelinquent assessments which have become a lien at the close of escrow. E. This transaction will be handled through an escrow by First American Title Insurance Company at 2230 East Bidwell Street, Suite 100, Folsom, CA 95630, for the account of the GRANTOR, Escrow No. is to be determined, conditioned upon the Subject Property vesting in the CITY free and clear of all liens, leases, encumbrances, (recorded or unrecorded), assessments and taxes except any exceptions to title which are acceptable to the CITY as said exceptions are identified in the Preliminary Report relating to the property of which the Subject Property is a part issued by the above Title Company, dated September 13, 2024, and updated thereof. Clearing of any title exceptions not acceptable to the CITY is the responsibility of the GRANTOR. F. The consideration set forth in Clause 2A herein shall include payment in full for the following improvements: All buildings, structures and other improvements affixed to the land which are owned by GRANTOR as owner or tenant of the real property proposed to be acquired will also be conveyed unless other disposition of these improvements has been made. Specifically, asphalt paving (18+/- SF) within the Subject Property. 3. TemDorary Construction Easement (Non -Revocable A. Permission is hereby granted to the CITY, its employees, contractors and/or its designees or assignees to enter upon that certain area identified in Exhibit "2" for the purpose of a temporary construction easement (TCE) where necessary with personnel, vehicles and equipment. B. The rights of usage of the TCE shall be for a period of 36 months. At least ten (10) business days advance written notice will be given to GRANTOR before work is commenced within the TCE. It is further understood that in no event shall the TCE extend beyond the project construction completion or June 30, 2029, whichever is earlier, except as provided in 3(C) below. C. In case of unpredictable delays in construction, upon written notification by the CITY, the terms of the TICE may be extended by an amendment to this Agreement. 4880-0380-6390 v2 REV: 05-23-25 LR ATTY/AGR.2025.121/FN Veterans LLC (1475 Veterans) (SR84/US101 Interchange Project) (Page 2 of 18)