RecDoc2025-059135 Encroachment Easement Deed (Stanford)

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EF -502 -A -R18-0523-41003340-2 BOE -502-A (P2) REV. 18 (05-23) PART 2. OTHER TRANSFER INFORMATION Check and complete as applicable. A. Date of transfer, if other than recording date: B. T e of transfer: Purchase ❑ Foreclosure ❑ Gift ❑ Trade or exchange ❑ Merger, stock, or partnership acquisition (Form BOE -100-B) ❑ Contract of sale Date of contract: ❑ Inheritance Date of death: ❑ Sale/leaseback ❑ Creation of a lease Assignment of a lease ❑ Termination of a lease. Date lease began: Original term in years (including written options): Remaining term in years (including written options): ❑✓ Other. Please explain. Stanford grant of easement for encroaching levee improvements neighbors built C. Only a partial interest in the property was transferred. ZYES ❑ NO If YES, indicate the percentage transferred: N/A- levees % PART 3. PURCHASE PRICE AND TERMS OF SALE Check and complete as applicable. A. Total purchase price $ 12,507,893 B. Cash down payment or value of trade or exchange excluding closing costs C. First deed of trust @ % interest for years. Monthly payment $ Amount $ Amount $ ❑ FHA (_Discount Points) ❑ Cal -Vet ❑ VA (_Discount Points) ❑ Fixed rate ❑ Variable rate ❑ Bank/savings & Loan/Credit Union ❑ Loan carried by seller ❑ Balloon payment $ Due date D. Second deed of trust @ % interest for years. Monthly payment $ Amount $ ❑ Fixed rate ❑ Variable rate ❑ Bank/Savings & Loan/Credit Union ❑ Loan carried by seller ❑ Balloon payment $ Due date: E. Was an Improvement Bond or other public financing assumed by the buyer? ❑YES ❑ NO Outstanding balance $- F. Amount, if any, of real estate commission fees paid by the buyer which are not included in the purchase price G. The property was purchased: ❑Through real estate broker. Broker name: Phone number: T �J Direct from seller ❑ From a family member -Relationship Other. Please explain: _p_urchased from neighbors. neighbors constructed encroaching levees on Stanford property. H. Please explain any special terms, seller concessions, broker/agent fees waived, financing, and any other information (e.g., buyer assumed the existing loan balance) that would assist the Assessor in the valuation of your property. Citynay_s neinhbors the purchase price in installments over 15 vears from proceeds of weciai taxes levied by a CFD. PART 4. PROPERTY INFORMATION Check and complete as applicable A. Type of property transferred ❑ Single-family residence ❑ Co-op/Own-your-own ❑ Manufactured home ❑ Multiple -family residence. Number of units: ❑ Condominium ❑ Unimproved lot Other. Description: (i.e., timber, mineral, water rights, etc.) ❑ Timeshare Commercial/Industrial levee easement B. nYES ❑ NO Personal/business property, or incentives, provided by seller to buyer are included in the purchase price. Examples of personal property are furniture, farm equipment, machinery, etc. Examples of incentives are club memberships, etc. Attach list if available. If YES, enter the value of the personal/business property: $ Incentives $ C. ❑YES ❑✓ NO A manufactured home is included in the purchase price If YES, enter the value attributed to the manufactured home: $ ❑YES R,/ NO The manufactured home is subject to local property tax. If NO, enter decal number: D. ZYES ❑ NO The property produces rental or other% income. If YES, the income is from: © Lease/rent ❑ Contract ❑ Mineral rights ❑Other: E. The condition of the property at the time of sale was: ZGood ❑Average ❑ Fair ❑ Poor Please describe: CERTIFICATION I certify (or declare) that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and belief. SIGN E F RIJ R N EREE OR CORPORATE OFFICER DATE TELEPHONE 0, ( 650 ) 780-7300 NAME OF 8UyERITRAN FEREE/PERSONAL REPRESENTATIVE/CORPORATE OFFICER (PLEASE PRINT) TITLE EMAILADDRESS Patrick Heisinger Assistant City Manager of City pheisinger@redwoodcity. org TheAssessor's ❑ Ice may contact you foradditional Information regarding this transaction. 111111IIIII 11111 IIII IIII111111IIIF11111II IIIA lo� ll) IIIIIIIIIIIII IIII III 1111111III