Deed00 acquision of Davies prop - Laserfiche WebLink

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,'\eceived: 8/22/ 0 15:44; 415 685 1799 -> JACKSON BOLGARD; Page 3 Ru~ 22 00 03:5210 4', 685-1799 10.3 ~. ÅbØ ólP d UJoód ~ , California , 20W Deed No. û'S3 - 00 c¡- 0 ~3 REAL PROPERTY PURCHASE CONTRACT Document No. in the fonn of a Grant Deed has been executed and delivered to Michael Church, Executive Director of The Redevelopment Agency of the City of Redwood City ("Agency"), by The Rosalee Davies Trust ("Grantor(s)"). In consideration of which, and the other considerations hereinafter set forth, it is mutually agreed as follows: 1. 2. The Agency and Grantor(s) ("parties") have herein set forth the whole of their agreement. The perfonnance of this agreement constitutes the entire consideration for said document and shall relieve the Agency of all further obligations or claims on this account, or on account of the location, implementation, construction or operation of the proposed public improvement except as otherwise provided herein. The Agency shall pay the sum of $2,125,000 for the property described as 1) 1502 S. El Camino APN 053-093-130; 2) 1540 El Camino, APN 053-093-140; 3) 124 Lincoln Ave., APN 053-093-070; 4) 130 Lincoln Ave., APN 053-093-080, and which is the subject of Grant Deed herein to the following title company: First American Title Company, 555 Marshall Street, Redwood City, California, Escrow No. for the account of Grantor(s), conditioned upon the property vesting in the Agency free and clear of all liens, leases, encumbrances, easements (recorded and/or unrecorded), assessments and taxes, except taxes for the fiscal year in which this escrow closes shall be prorated and paid at the close of escrow. Any current taxes that cannot be prorated and paid shall be cleared and paid in the manner required by section 4986 of the Revenue and Taxation Code and/or as hereinafter provided. 3. Grantor(s) warrant that there are no oral or written leases on all or any portion of the property exceeding a period of one month, and Grantor(s) further agree to hold the Agency harmless and reimburse Agency for any and all of its losses and expenses occasioned by reason of any lease of said property held by any tenant of grantor for a period exceeding one month, excepting therefrom any expenses Agency incurs resulting from its obligations for relocation assistance benefits wmch may arise by reason of Article 9 of Chapter 4 of Division 24 of the Health and Safety Code of the State of California, or by reason of Chapter 16 of division 7 of Title I of the Government Code of the State of California, or by reason of the federal act entitled "Unifonn Relocation Assistance and Real Property Acquisition Policies Act of 1970" (Public Law 91-646), as amended, or by reason of any law or regulation of the United States of America or the State of Califol11ia. 4. Grantor(s) acknowledge and agree that Grantor(s) are not entitled to receive any compensation for relocation, fixtures and equipment or goodwill and funher agree to execute quit claim deeds, if appropriate, for any such property interests. Grantor(s) acknowledge and agree that Agency has satisfied all legal requirements imposed by Chapter 16 (commencing with Section 7260) of Division 7 of Title 1 of the Government Code with a partic~lar reference to Section 7261, 7267.1 and 7267.2, and Grantor(s) agree to voluntarily and kn~wmgly release and forever discharge Agency and its successors and assigned, from any and all chums or dama~~s .for relocation assistance benefits which may arise by reason of Article 9 of Chapter 4 of DIYl~l?n 24 of t~e Health and Safety Code of the State of California, or by reason of Chapter 16 of diVISIon 7 of TItle I of the Government Code of the State of California, or by reason of the f~~eral a~t entitled "Unifonn Relocation Assistance and Real Property Acquisition Policies Act of 1970 (PublIc Law 91-646), as amended, or by reason of any law orregulation ofthe United States of America or the State of California. 5. Page 1 of 3