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Home My WebLink AboutCaroline L. Burnes - 1988-03-07'' y1 J • • 1' ;'' It i .:;'r ;,., 1, I: ,'•. }t , �! ! _+, ' ^`,�! D '.''t aT _ - .<,��- 1, - f`jtY: - - - �►% 1r� + ;".`'%!f-- F1• tf • �`!'` ' Y,t . r-$ � ,,re. }« I t ,,� j,.,:.• .:,: '.r' ., ',+ fl, a - ).;:�: •} tr,�,1,5 it"�.'..,. .. S Y , •t• 't .� tS,. :.. .»'.=••"f ' ',•.., ., ,. tf.,�: � Y ,. : (.: •Iv} ti. ,Y „ k. „ t ,,, iL:.: •�. ,• T,�._..• . i .dr:, l..tl•'� . i. 7 ;, ,F t��. i •%, 1'•':. -�f 1r -t f�',•lf �t ::n 4 '�l • -•..- r t •;-' ,,.7,-. ,+ .r��.:, 1.. ,r, }':�',. •tir ,' '�i `ti ,j c , 1• :1:�..« s-- q� ;'.z:a, �,; .., �::a " . -, ,1+, ...- 1:17 ._ .;•, •r :; l :; f, ,,_ .x, ,+ .,• is �. i4?s v, .: .1;• '> . o h !a! ! !'S''?.,1t+ 'C 1 t �'+t'. rL t� ».;', `r • : _1 „� t l , :r1 ,•• r, t i iA'« ��` 4, D� r r,i,l, .. ? .. , ., .. f • 'l; y, 1„ .t( 'a "�S.J x 1 l�'ii ,:, ,,.ai , •...: ,, ..._ .. 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Sr.. ♦: , , 1' ! r / "� K 1 "!•t.y� nL.' '>(a .Jjr',i ,7t. y .t.:, .1. �<� `� ;Si:,',l k•'•+i'►K: � ,, Y"�. .4.r ,l� ttd�,4`�.• 'r^• -rr:. :T:r."". .. . / /, (r _,... ... ,:..', •,.?•` •.,1- �%.i _'.!•.:Ji. •i ... ....., t ar ,. ,. :� !J - ,Y. ,'•\,-.Y"54S' . ::a•- �,•{' yam, �. .. ...., < ,.. .C�. _ - ..,:.. _ a, •,:. r .;,i5 �_^.: ->�r .'r .:,, ;..k� , ,!,' �. ',. �+ �t -;.:.1 i•.'i? �J( r•i !x T T�f} {,y� -:1t«, i.'. r�" ',e t, �i•kr.• 11��:y1, i7dl`L f sr•��'r �t1•• � ��i j a '` •7't t�11, l�tt f+ ,y tr>�� `•}•i r 4 `'t `{ tStitf,R�7, 1+ • t t f +�.. ,. AGREEMENT FOR SALE OF REAL PROPERTY BETWEEN CAROLINE L. BURNES AND THE REDEVELOPMENT AGENCX OF THE ��t a r f� i+•� CITY OF HUNTINGTON BEACH .,p�♦ J 1t ' This Agreement made this �� day of March, ,1988 by [ ',•'tStrS,,: a�rl,:: f �, Ih ai`,'t µhit` 1`t •.. any' between the REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTONX"r� t S•rt ��• �,.,�'t , t`. t 1'• `at,r��.�`' BEACH California a municipal corporation (herein as BUYER) , and !t� •,F(t : , 1 ,� l� � y r•a CAROLINE L. BURNES# (herein as SELLER), for the purchase by BUYER of certain real property." p t• 'S'r f,`i h1 a'' f a �r� .�ir.41C�> a Whereas, SELLER is the owner, -in fee, of certain real property , .t r,•�,k��7i-, �'!i rr, ,, J r41 2j tir , . , located in the City of Huntington Beach, California more fully + iJ�t �T i rat, t ,t t 1• I1t'rtia,DrSr2,� '=f'r ' described as: �y'' Z :�:�'!1 x�S): to 7�,,tJifn f L•(a 1rJ. ; �� 77 .•' tag'"'�•al,- 1 Lots 26 and 28, in Block 204 of Huntington Beach, as per map „ , i chereof recorded in Book 3, Page 36, of Miscellaneous Maps, in ' the Office of'.,the County Recorder of said County. Except one—half of all,.oil,, as minerals and other hydrocarbon t' � g . Y tit ,Y F1ra" �,r � F substances lying 'below a depth of 500 feet from, the 'surface, ' 1 A �t( Y t r��f�;J' ��=i'c:' A;� but without the right of surface entry for the exploration development, extraction or remova1 thereof; as set forth in a de aa e orded November 19, 1962, in Hook 6238, Page 191 ;"': Y' :1`•"• Of icla� Records. �� 1 ati !K ��f i� r ir1t r i_�u,,fj �! •'!��%/7,^ ` BUYER desires to purchase said property for cash and SELLER, •'y��,,{t �t+'�tR;, 1.+r'', ,:-Y,,.,-Cs desires to sell property to the BUYER: NOW THEREFORE, the parties agree as follows: j,''�4,'• +t��xt x 1,,j 1. PURCHASE PRICE. The purchase price for the real property l: is Two Hundred Eighty Five Thbusand and no/100 Dollars :t._a; (0285,DOtJ.O�'1 2. ESCROW. BUYER and SELLER agree to execute the escrow + 'Y instructions and do all things necessary to completa, said escrow,;, {` in conformance therewith attached hereto and incorporated herein r t' by this reference as exhibit "A". —1— f1;.. t l J b •/ e �'� �.1 r t"r.�;i { ,.: e•L: "r ..'• ,.::... r r •1 f t t' f1 tl , i tt �-•4�}� • ,� �' 1 ,".t1' , t Y.,r •�: t� �•y, ic]i.!.:r l° tt ti :fit !a .�t5t a yJ�;f, , Z �,'fa..,,t'i. •' rt„t••1••Ct,+tt'T'rr, t .t.rl.-. t t} :;v ,t1!�'''�. ,!'.r. , ,, iL,.,ZJ 'J •1l/' i,r� rJ�.E ;•r1 �;:;•r:l b:ti tf. p.,l-4 ✓t•.�i te;l;,r` t ;;J I !, f r.'f,S '.; r.;/� j i�� f t: •�, i L- /r', ns !.`1 (t1 4r g ' + - t, ! f i C,• ,afr, I ,�l.r 1,.1; r I! .h. 1 ot. t/ s` .i r3 5�-".d:4i •� +f.. •'p" '1 l� ,t i y ,' 1 rY`. ,! ! •w t } 1, '! .,i•.'! � �-�-• + .� Y, � !•�.r�' f t ,.1: I•Jr.��,tx t. { nt.i l+.�'} -t,,, tl /:. � aJ �'•�,:j-t /7�Lr, �) ,� 5:,,15 +ilf'r: • � t S i; .r2 t . i.i' I .f�r 'Z .•f!•. /• ' r J a � f 1y,Y �,; ri••A a }�J. .�';i�#; T.. r:.'� ti.`.a,/.: tG , i4 l i 'l .' r(' .t .tiie.:t �D1 i,,, s,a +•��_Y 7.rti }'•'r'ia`.t�t'Y'• �L!•f,;:t t {y i r. -1• 1. 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'�'(+ `;•rrr'+�1l$.r r t .,�:- ,:•v-1.'.-..,(,...•v t..;:„'• ;r'•.:: •�rf:. ..'4.�r� -,-.. ,,._ ,l� r.• r rr,� 1'�.fi. T � "a., r ?.r,}+j l ?. !r .t• `l> !_ !�. L• _ ,w. a y s ti.i.�CsSys.if T� ' ", ":,,, ! .t... ,. y,^.....--.:.,. ..:.' _ zi. r t rr.0 iL•a=aaw+..,i+►C.i`t.'; !' `p�`15it:' 1� (.r-It ir�� t r. "y- !J'• �r+-"'.1... ,�,'lMurfl/�SS:l,(itlti,i.Jttlti:Pik'91K1W'1•%111h11-I.44ir7..�..r7�".:. ....� was"� l.'� .'s 7TFj •fir r AZ �tiz'{`. { rJru 7 a�� ii � !i•�� is 1 �� f s . • l� Irr•' ' � i r..r•1 ti;{f 6.4 xSlrt� '`.i ,rt•/1,��_#rt `r•�"r1 �t fit!` 4 y'•I {' {' 3 CONDITIONS OF CLOSING . The close of escrow i s �jir.l \� � / 4 •.' 1. C• �,, .+:•r� ,i, '.':1 conditioned Upon! +: r +� t -t�<� t� ,:� t a , Conveyance to the Agency of good and r,�arketable f �' i t +{f l !'.I ry,"y"y (J r�Y ' ti c c Attorne M #� �,v�,��. 1 title subject to the approval of the A.�en y 5'�' � �y • t [Ir Ijt3 f }yv +r�'lr �t+ \.' r. `? b. Delivery of California Land Title AssacLation (CLTA) f t t r N . +• r,"f•� ,r t". F r _., .� , , �� R�4i7 rr:. �4-�r , •'�.i miss t'(0,policy in the amount of the full purchase price title insurance +"•: V, 5 �� i '. t � �I��a, � JIr '7 titer u '1 ' `.S r :'�� ; , ;►�. subject only to such liens, encumbrances, clouds or conditions as r t+ "Al a :, ,.-'',�`, �' the Agency Attorney. ,y.•Z i NOW .,{tt'�.. ►� r may be approved in writing by g Y st+�1,�(��✓ftcC I �1+if l 4,, .� r, , c. Delivery of possession of said property to BUYER or a„ rflit,1 its nominee, immediately on close of escroc:", free and clPr�r of all y -L^%. �'r�r2'•<'�,ir�" , ytjjjtrrrr,t-� t � ':. .. .',' r �' +.. uses and occupancies except as BUYER may agree to in wricitig. ,lS��p�lx e coed i t for s 4, FAILURE OF CONDITIONS. Should any of 'h t& � ,'�,,�t'��t�t��1}�T�•�r;l�s' ftr�'�,.;, specified in Paragraph 3 of this Agreement fail to occur within � j1riTEfr:at Sri` 's4 -,� fir,#� • �,ff! .N thirty (30) days after the date hF"eof, BUYER shall have the power, exercisable by BUYER to rive written notice to the ascrow 1Jr �' ��' yg,•'.��'' /I4' �+ -ow terminate this + Y:r t`'' f:►,,'' holder and to SELLER to cancer such esc;, , Agreement and recover any amounts paid to escrow holder on account. t,�, of the purchase puce of said property. The escrow holder shall; �,T`" ti, ' �`r'7. ��` ;•� be, and is hereby, irrevocably instructed by BUYER on any such 1J. ... failure of conditions and receipt of such notice from BUYER to :• t ��", k�• i , . rt �ttirr ( . t•'%�;�`�+' �' immediately refund to BUYER all monies and instruments deposited , by him in escrow pursuant to this Agreement. E 43 7.0 ur��t' r F 6. PROBATIONS. Insurance, Insurance Premiums, and , L S �{i • aI si;,3 d �5,,?�a,•,; Possessury Interest Tax. 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L57r'r«-•jt :,{+: .rtl jF :� �4'TVr" •} 11 ,t"frf ..r..'S it•f'� '�.}f,.•. �,�1:1:"rr trr it •.t }:'fie°r: /.t'�f� •.:,:� :t � .ttLr_., 1�•�•.'-?�{•l' a T.• 11 ��r,�?, VT3..�', �y��.sj � rl �'++ ! �:: r i� // ;(• , '_ ii. 17• ,;}, s :_•: tt�tr 1.:. �A f' .=�•• +G�,.;4,, t•1. I?' '.;� i��d1, ,.i -i• y ,f'r. ,�l.:y ,, efi + 'l•%' :„Ci I. ^.. S►..'al j ,,.I r L t.."C;r. f,+ �i��f�'j ,. j��r�„� s r }�,ux J.fy,i It}/.'• .{t'r�{ ''•' S' rf r`b.ta;,,,r • ;L"r,I / t! :r2r-Ll.• [i �.^r i r t.. _ r'.. r'c4 .l:i:{,�. '".si1:'a(r I •%j':i'�rlr':/.. �'fxa'i).TYj'r-�!S !4, iXtittt t'.: ,r..U; 1 r `�f ':•'.'. �, � , t +R r; �7�1�1`? t''�•ilrt�:i t, fi /t r !7�t}; . "i'r e.r�Cj's'�;�1 .+�+',� 7+`,��iE•r�1'�r�S'., .Cf t t, t 5'+ j 1' •r• li'�,C•`_ r , n. �.;, ij 1?^ '' r I fS ;�/ t 1t 't:�,1r t ,. �;t: ( , .�i{ . •. � t., ya !• r ' rJ�rr'%; { , t'. +� i `: 1. f� "V51I4 ,.r" ' �t� i,' , -', 5 •,�'� i( t' � .r,f ii y ' S.' +1, :ry� e. "k , ��'�j' {5 11U'�1 ,,t tf- - lti �r� �'� sEC t .+f rr • +�,•�� t `,.. , :I.� 1 r, 1' r. 1 �1 5 1' t r 'iy �• .. s '+ :d ''+• r. q i 1� .. 4!p ar�nit I T_. AW IL �jj it it.", , �tK 1, , � W , V 4 ". 4 : . , ; 1, , . '1- 11_�, �j, , , , I - I . .A Uit A 4L < 17, a Real property taxes ievied or assessed against said 4,0 property (including any water tax or water rate levied against said property for the furnishing of water thereto) a:. shown on the late4-t available tax bills. The county of Orange by law will 'refund all tax paid by SELLER covering periods subsequent to title vesting in BUYER. b. Premiums un insurance policies acceptable to BUYER inauring the impr�!vementa and buildings, if any, on said property against damage or destruction by fire, theft, or the elements. Any bonft or improvement 7. BONDS AND ASSESSMEOTS. assessments, which area lien an aiid property shall, on close of se liens imposed by, the City t those escrow, be paid by SELLER, excep of Huntington Beach or the Redevelopment Agency of the City Of Huntington Beach. 8. &ROKER'S COMMISSIONS ATTORNEY'S FEES. Any and all a real estate or,. -."_her brokers finders fees or commissions due t ane. all attorneys fees as a result of this sale of said property I hall be paid by 'SELLER. 9. EXPENSES,I'OF ESCROW. The following expenses of the escrow described In this Article shall be paid by BUYER: a. The full cost of securi ng the title' insurance policy described in this Agreement. Nel, d acknowledginL, b. The cost of preparing, executing: an any deeds or other instruments required to convey title to BUYER or his nominees in the manner described in this Agreement. ce The cost of recording a go.nt deed required tti convey title'; to said property to BUYER or his nominees as 17 3— oj(% ki .Ay"' lam V 1,•1, - ... - �y �1 �j 10, 1 � 4 ,, #`� Y?v n y -.T7, V1 ..... yi L.A i't A; All t .<. t e,, , !( ;.'� ,r ;:{`' .+a•;' .�` , WSJ w, :•. i' t ! i7j 1 �� .- c ..'yd fC '..4rar•i "'!r ijM1 17 •. f;..,.. ,. t, , v .l If�r i1' 'F 'r _ .i• t, l 'i S` eft fs ! t- Y. ,�'',w 4'!r t ni .,<. �'•"j xa•»:%c ..�,� t r .t � �'ft• .,t, r��.� r, �1i l+• � •}_ ��+� :i' e• '��.' tl ;S .' a�„ l r r r',', ; t 1 r i, r .• }� } i e a• t ~tr'r K; S:l °ST {,� r iwr t R_ o � ;'!1•ea l�It ii r„ �; , n � '�� ,t r �"{ r a/ t. .ilk: �'t t ,t `��+ ,! , , , 1(•;• t .� � r !r 1 :t� - iJ"t t`!.l. .. ,��r,r}... �iri?. �cl <, , / 1 -, ' y 7.•'�.:s . ,;Tl��.%,�' t rl� +, �' 1 �l tr• a J ,r ',{ �r .if r I tr,, t ,'Jay 'tt 1 Nof ! .iiS�, r 1•il �� rr r t [•t ,' 4r• , tYrr i t1 rt 1 !y tt ,� ,. �• '� 15�: `�ira'y+`' :i" ' fYZ �,�;•�{i iici.!ri� i:.�rl.:... �,irT I tt r'' � _ ,�1 S �7 tip`' :iirt ! .i` �r i1i, �t...=�w� ' t .. �:' ! i.,,,.:.:�t t•" ti;f t f .r" 2 �i}� -11 'h' Il if�� '�. 3t Ci• r /I :e. atr : t,a. •. �! b �; 'L'-,: :«(:•t , '4! �:... :y.i ( ,�j,ti �.W` f•�., i 'r•�f. t1 _� ,,+ t.i. �" a �•f/l'`'L ` � 1. �,.. ..�17,.I J� �i `. �. l ,. •rLr{ i•,: �,. ��`�`K ff ,.5;..+.•.c� ,�,r .t{,:_ � ;;.;,i �ir,.'�.'� ,,.'* y..�ft'` � L: -l1 C, t: <'tvLi t� .1.} ti 'O .k, -,1�1. J'� ,;_ ;• :r , .,:;' '�;l.,�}:_„�!''G :�r`Ir� .. . �");. •:'�i .t � :�.' til+;� ;� i t �•{.,,, '�, i -�'T' ,,,r '�'{�''.(b I, �-,rwj .,.�.=�� :.;.�" r: IP '� ,�'. - �Y. 1 t y%I•' - i��✓:�F. i; ' i'7 '�' .i;• '7'� J J,Pr' .;v.;- yX�r, ."�' 'i� t^ ,, 41`j�i,j,t �:�' ;�,. �� , ,.�kl'` �: sr �1- �.�. , '!•� 1 .Ir ;t 't •�� : .t! p1 � c, i)^ �.• 11� y C. uci Ilk y 1 4yrr . K ,� j,Y , ,:r i• �� !t (.'l' �} � �'� .; f},!,{ �s. 1� 'r f;'�`1� '�' :x'F1 -�1- •� .fin, �rrY' ,� r-'!. ►T itl•t.C�, Nr'r ~,F .ti �; r r �_S t 'r 7)' •rf ',. C'J /., •"t.. ,. rt %�{ +' '.!' ' •T /ll r,*. r• {" r' ,. '.lf. .: ,•ft:. :. �•.a,{i.. ,,... �.♦, ,: 4:^ .� 7 �f (+•c`I,r'1•I,. '�/}: 1`� '° Il,,.!�r•• ,y �T 1 6 � .,, a �� f. .r.•t71�� j, ` it ,r tYi , r � �.; �''1 P Lrr �,1'j.. ; � r �.•, /! th_{�' ,lt�{ !7 ' T�'� ;'ttif¢ " (1 t t*�� 't I tr y 'tf.'' •� •!y `'. �,1 .i 4.,.. F 1'� .: t!t ;.iy 1Y..+,�- i f r bt t,. �.. ,,: �,. rr2 ♦ a.J, � ti.`th t`,!:_`+�' i%.'' t:i; 1�.�341.a�ii�wL:'�CYfi..�.�lle�f•�i.�r �...r•s>r.tsit�l�aLiG..tir,.t�«s.c,i+Gwi r.,{ iy ♦' t�r c ;t Jescrlbed in this Agreement. d. Any escrow fee charged by the escrow holder in addition to the cost of the tittle insurance policy. 10. OWNER'S REPRESENTATIONS, COVENANTS AND WARRANTIES. As an express condition precedent to the Close of Escrow for BUYERS' benefit, and in addition to any other representational covenants.,. and warranties contained in. thin Agreei.,ent, SELLER makes the following representations and warranties, each of which is true ia i all respects as of the date of this AgLeemen,'., and shall. be true in all respects as oA the closing date (as defined ir. the Escrow In'structione): a, Authority to Sign. This Agreement and all the documents executed by the SELLER that are to be deliveved to the BUYER at closing are, and at the closing will be, duly authorized, executed and delivered'to the BUYER; are, and at the closing will. be, t:o the beat of the SELLER'S knowledge,' sufficient to convey title i! they purport to do so; and do not, and at the closing will ~not, to the best of SELLER'S knowledge, violate any provisions of any agreement; to which the SELLER is a parity or to which she is subject,; including without limitations, any prior options, purchase agreements and/or escrow instructions. b. Existing,Contrzcts. At the closing, there will be no outstanding contracts mane by the SELLER for any improvements to tti'e property that have not been fully paid, and the SELLER shall cause to Lo discharges (in such a manner that the Title Company p ny will not show the lien(s) as an exception(s) to title '' '• under t'ne Title Policy), all mechanical or materialmen's liens --4- t.s r„ : FPt, !• `jd�1r t�', r r tr f,�y. ;.�5,. F:. ��`>7 -. wit. rtE1`3}:,f—•�� St)� Y l rj { .� stir`. ♦tti 1!!.•,h�. ,.t�rr, {t..t`~ t Arr :y{�- j r 1 �?i�tJ Lf4f.�yCj�:u�+1"RJr"��!Y``x,rsfti4�f'lf�i, 4Yr •, 4YyTf>�� ;.i�� .� ! rtiS' ! K {'�s, ; • - zY, i y , ,. , . ,,,, � y t !£ � . , ,t , \ S,i�;! rh t ,ia iivn, '�l ytr j'{ .f I: +,r :,•{.i ?r-,i r V ` ! J S.r'�rt.r..; ♦ >*i•.1.P 4r th; tr�t>iaVr ,: :1 f71a' N , r It+P. '7 t4 z rr I. ., �f:a�,,.(a'.,. ....,, 7^:1�:'. ! t ,. , • r.... 1 -( ,'i . J, .7 :X: r t1 \t r .7.S t;.r * ' al :- •,•••� 'a 4-' .. . ., ;J-: ...,, . !1 :.1': 'r.1 .:fl�. 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I ,� r! �`-,P'•1S'i� ,•�'�,.. ..-sf.�l l .'::., It• ,.s,.i s:.'.�2"�' �'- .,:. 3 :i:.i •t(' f •� 'I ./'' yt : x._.' - :-. '' b. J ; 1 .. � ,,.. t :. ''� .' : '':'. •� r1 '.y (;' 1 f'� y �l�,1 ',?:.4. �:{ •'n.`. a a mil, r., �� ,•.� .,. '.. iM"'.`"S •: tyiy, l; �f" ".:r,.'.<- ,.:: } : '.; 4! '/� _' 11 it :�� ",�t r 'i' yr,!.t', r11:Y^ i�1.t. ,:Ik.' ,�,, ,,..f ... .,t,,:,.,. .1-•tr' i:�- .... , _ r•, 1 �.; ,i,,, .'jj. t. `l�t -;• ;i ��`'� �+',If �>, ,- . , „,,:cf• t �.. ',, : _ > ^-��• ;. ..' .. tit. • •.. , ,4 r:. - .al �'y •. .,f, ,. :,�•;1.7+1 1.%�'., ,: ', ...,}' . �. „ / • ,z;i. (�,,'L'�1 .11r" -wtct ,�f ��;• '�i :a� .r', -'li,. .rrl !�` -: '; .' 'h., ...1 i,.t .. 't. '..'..'•,i 'I:'.••. ,,.-.'.�s-, I{ . - r.1 -trt: �'� ..+; �k1-..r .1 f. *,. I•.. irf .. ;.t tf ...-.., ; r,�,} tit:., ,�� •,. I. :(i %rl ,: �f' �'t� .k., tt �� .:ly .i. i,^..r ,,. , , .,.,, t., r:, } .rt YI t{f t .I}� i w�`, ♦ ire, ..4 .-',:-1,t ,':.-: f,:, ..,,, ._ ,i ��, ..:.: _ � r _. ._ ;,, 1 - �•�i , liiF+- }, :;..-_.,%.'.. i�=+.�yy -.J. :,. ,.'"i.. .� .:-. _...,.�: ��.:, •.r - '-r� :f �r 1, +''.il i� :?��, t , ..#E 1�, lf' r ., ti Y ,.,sR1" tirf 1' rdt;�ix 17E '.7TS�,• i + ,..+ �,., r] •. �K+.In tr 1, rt .yr �(.f. F� } t.! (� •, K t r y ''Nl 1• {{��],fr , T - •14 �,' •! ..1. LLir .1`' �...�.�1%'�•Si � 'U.7l�Viirti��..tr ✓L+_� -. i .� �S b•� t ,a.,•:,:•5� a::��3',".'�..r:�.ruii!:3.fw.c :::1`�_.fci.:L '..'�1c:•�' :z y nt.fi�Yh��.+ .,�, •t. ! i�' r4�';'' (, S� ay ,�„ �4.,. ,� 'X r iJ��'if L tom' i3 rLt�' r l� W� a a . � ,,. y.s t iS jyll' . • �,"] ',.1' � ;i, � ,4 , 4! � t..:�,� r � .%�. ';�Yr1.t't � hi 1 't+' n. it' r`• t i �t'tt�,�r;,s`,,y�,{��r`' �` arising from any labor or materials furnished to the property t 1''` `'''��`� 9 S p P y ,. 1 �� ; rj , t,, a prior to the closin,. i ra c . Ti tlZi . SELLER has, and will convey to BUYER, +good � f�+' ; r it't. and marketable fee dimple title to the property free and clear of ,�, yy• all liens encumbrances claim.g ri. hts demanrls easements }'rAt +air` r �Yr ' 1� i>,' o �` •irJ 1'. ' � { �` � +i � 4 L�1' ; F.T �•,:�; leases licenses a reements covenants conditions and MMM �:l restrictions of any kind or character ( including, without limiting rG 4, ',l •it}�j 1`t�t7,� '•f.+e,y+l C, II , -,. the generality of the foregoing, li+rns or claims for taxes, r ' �j I (.rl� •tl'\',1 it t ��t�*r �y�,r r�, t 47 mortgages, conditional sales contracts or other title retention117 agrePsnents, deeds of trust, security agreements and pledges) S i'i r;.�,f i,Y7'�f` ,, t�, ..,tom „ ,- 1� �. •J except for those exceptions to title shown in the Litigation y. -� P 4 JV•I k f�r'�I li' M K a -:: Y.�-`r�.... _ �r, i ,+ i_.?b`;'-�i` A�r�J .Y� rj y 4 '•,. .� Jy.�„r l ;. r�i f i rt!?bt ilriv � `�� `,;'; Guarantee as items 3, 4, 5/ 6 and 8 attached hereto as Exhibit "$" ,, ttf; r,rrt ;lt};: dated February 5, 1988 which shall be replaced by a title i g SELLER shall not encumber, .Modify ! }� ),nslllCariCP Burin escrow hereof. �f . �� t� tf � �•^'`i..rz, +art 'ri " ! ' `' `-'tt►�+f�i �f'+�;'i`?� or diminish title to all or an portion of or interest in, the t t 3 �f�` property without BUYER'S written consent.r�°r d. Litigation. SELLER is not involved in, nor doers SELLER have knowledge of, any claim, proceeding or threatened litigation/ administrative or guvernmental proceeding or y.. hrt jar investigation, ^.lEiting to or otherwise affectin the ro ert or g g P P Y� ' • �F� • i� f i7,tit: i;. kt fh the ability of SELLER to deliver good and marketable fee simple 1 4 7 t, 4'..I _ t�, �1 • +, • ,�a,'z t(1{ ' title to the property to BUYER.Ix e. Tenants. There a: a no tenants on the property 1 Except those approved in writing by BUYEit. }: ATTORNEY' S FEES. In the event of any controversy/ claim r or dispute arising out of or relating to this Agreement or the rr ,�� ►sal:; �' a,-i,�},., ' �t4 ��r.t''. escrow or any breach of either, the prevailing party shall be �, r. •• fl.��R' fb -5- .' . •�rranv , 1,1+tSt'14`r r•46Y `;iii �',1`.1,•',Vitrl. �'&1�„S ,:.iNrl%.� il1:.1` {S' ii.•'Ip t ,t rl 7 ft6 ''4, }r' `S*•.,/��'1�`• h` SlJ�`rt�?y�'{) :f'' - rII •t i-,��:. ,�, .t .'1r,(�r �.1.,, s.r 4�r r ;y� Y' 1 r': i�r •-..r .,,.r, (, F f ,;'} l :.1'f.' 1 v.. :;,1 7 , r lyl ii �` f ,{�. r ,at ? l i� .i � d ,� , - '1' ,•l , 1, r �i � a 1 a.. ! F �t',';a��? !��r; '` +�k ` " r+ � t>::•.C,1 A' t��r;:f,E,rk`•� 'ylli ht�+�� -,,•S � �ti� rl ,1�. 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The parries agree that the t r r } rT'. % ,ir ,Cf•,yl: t ,E�,�` �.,,`• ',h4i,• t property being monve,yed is under `•hreat of condemnation by the clN� t L , J , t ` t j( a�}•r: �S ayjy,�`"�S fP t Tr �5 1 ��' BUYER. BUYER age ees to supply SELLER with a letter evidencing its t4 � • ,�T •; >i ,L . f f �. ; (.' 41 IJJ�l }�_,y°7t+, �'..''ss( s .•is tz,r intention to condemn. :..;, y y( 13. NOTICES. Any and all notices or other communications i tp?ee•;� �;,�r"�J 4 "»i3 � ',t �tt ' ��,r, t9 k • {°`r I�r required or per by this Contract or by law to be served on .� nt J 7�R hereto,BUYER or SELLER, by the other or given to either pdc..y party hereto, or b the escrow holder shall be in writing and - '' �1�w �yrf '-'shall be deemed duly served `and given when 'personally delivered to „f t is directed or in ties BUYER or SELLER, to who i r any of the par r lieu of such personal service when deposited in the Unitei� States L y f� t ��yl� mail, first-class pustage prepaid, nddreseed to the partiesc the < 1 FRI1!�^� `,� •1' s;ck, t '-�t��! ��'�s address shown below. SELLER may change his address for the 1�, u • ' "`"�'}-}�'}� purposes of this section by giving written notice of such change 1 1 1� ,.�� Etr } i; •�`t r itf�J+ia_ to the BUYER in the manner provided ir+ this section. 2 > �If't�, f r) (SELLER) Address: Y <, (9U ER) F� S c, . t c),. Address. ' �`i 4 •1 its 1 u i . W'�WLsi rilr t Carolina L. Burnes Redevelopment Agency ,of the 9200 Westminster Avg #90 City of Huntingtonsbeach .tl' 683 c/o Office of the City Attorney �; : , �` ►s t,;i Westminster, CA. 92 c/ the City of Huntington Beach/ Agency Counsel BOX 2740 Huntington Beach, CA. 92647 REST OF PAGE NOT USED +r,}r � t�j '• . tFj C r • 7;�4 �tjL•r(_'I, qJ.. ;��' I t- i- r r"'i-� «r J_ [ + ! '•rl�t, C^2!�;'f..•.'i ''4' * 7l1�• `a'S+t�r1 ..: Js, .(f�'.At 4�f•A�:. ?r� ?{` b'J��j1S,} 7% E +t L:� t i'. ii l' i s, _, /JIJ i �� jr►r i . ,il., t' S` � 4r r St �-''•, �,_ i t�' '.t, I.A. t } � �`4�, �'•�, 'r r � � �- .�•' �.:.. 1y � '+� >•'�.x'i:-tt_ ."� i}{ : I } }i.,. _ t +/ x9 111 �',/,iS:7}1 ! tf c . .rt,'r'S' t I y t ;ti�'i rS+wrrr�j��{'0,� �: t�•t {�Y liyr ��'.;'�t',X 1�1 .y ,1 i i' 4 ,1'!+, (• '•I 1 i, ;{i} C, if 1p'+�} i� f A 1 t'it�•41 -'4 • � 1'•�r..�. �.y,, I � �r % le � v.i., ! C":'t. Y � t' 'li{rL. 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L x r �'. } a r �.� � 9 �C `�� t ", ~ , 111 a fog + ;l(+ jril , J rlr{,+,! o jk,Y, (( 4:1 ', } �l `• ,7L h+ }( i �' %3.: {', r J?j pt�jj'Xi i!r •.�}iA IS'� {)'.'1f '.� �'l` '('c ;t l,!j ��: e2. �. •E. ,1}N [T 1 f,1.0 - '.t'•. ',�.. .�', �J•t,{Sy'. i/��.f 1ri'y';, i. r. :1't,! ;• ,! r'rl�ly I .} I SPt: -!. j�• J j� .i•, l •'1'r''!I¢1�'�. ..,.yri's'�r'��.�1'.1.�1jA~•i� Y, tl.• L,�.,' . t�� 4�ft', t`j ,it'��-. Lis ter a.I ,t� t :rL�i^7 r �, ik'4 •,: %,. .rl j +I I 1 `Y 1 i! +} � •�fi.,�`�J �;`.,1,7�i�`•.�J:�r ''ll; i:'t. ��, v#,r .rJ y .+,��} � lA �� ,r ltl,, �� '; `'�►S4: .,,�'" �+,•' ' Ir .��,, J1- � +t1(r*Y � 2( r'g1{.�El •1 '} •+.tti'J' 4y.f! r ,}, ,Y•?'tt�J `• a ,.� .+ 1,..1 �5 , t it;�l i t,-�'��r+ r,,:,,. s� {�-`, r {, �',�i %:-; ti`f� .'a��/ �"� �F, ?. y :-."'�r`i �..: 1. t� ,:: L k�'?11 ;tj r ♦) ilYt r ..:.. ... _ ,Y. � . .,- _ ...��. ',I:7 , '}, ,', .. � !�,rJ,rCrl., `� L }r... ..1 rl. r; c,�a j yr 10 4,4f F, �!.kj "', - " - , '7 a T - A- :4t, 0 *4 x. t F i;)x - ¢y .� ,",:.. F . rf ..... i •;ilf�:. k7 .• r-, IR li,1 1;`,I : y��, -,'•' i. ,; • S p V �yf yti jti t is4, -t A p ir �V? mza "Go= 'i J#* i r • 1-01 V ntains the entire El'I'TIRE AGREEMENT Thi6 instrument co g 41 cting said property# and agreement between BUYER and SELLER respe tion respecting said property at the any agreement or representation WIV. duti6s of either .i3i)YER or SELLER in relation thereto'not expressly 0, is null end'void. set forth in this instrument Y EXECUTED on 1988, at Orange Count, � y, 'v',�;** -ti ^ Dirt , ? Califc'rnia, 2�, • ! f � tv SELLER:, BUYER: Cacoline L, Burnes Redevelopment Agency of the CITY OF HUNTINGTON BEACH, a mun iiii c1pal orporation of the State of calif6kni carollne L Burnes Ch rm Redevelopment Agency; 'ATTEST: OVED AS TO FORM: A, .s Agency clerk Agency Counsel— -Rvrzskm3g AND R I TE 'Executive Director Deputy City, A"ifti-trator/l., Redevelnpment Agency Director of ComMUnity D,evelopinent rf -7- 7-77=7-- AN "is iz RN VPj "Alf A, 3 IN 'A' •i.. e; rive vv, 7 "'S �101 T44�, ri 17 4*1 v All SION A glI IV4, l1 4) .trli, 'I . 1V. rrx Itf , Aj, n 'AI Al At I i�. 77 tt fj ,.1�.p..y�:.irit ,.: ,... ,:::,.'• r ..'li,.{ .. - .k. t? { Y+i. .,i.. j. '>`;. r•t"�" -;3 7W -,3.l. ,.!•.s�.•-i . ,:i..�'' tt`:-:-� . • ,.....:.:�., t ; n' ! .::. _.. � ..,,...: _.{{ Y! fr'' . J� •, •r ' �f� "I kr 'ff .0e Fvl *e,;.r. IWA "V{ ,•l i.. i.: tf,,, • •,i.{,1, Z rl'o 1•. ��j. �4'..� �•�,: tF Y� •Y ;�• JI 1 rsal• TLY f{ii4 •�.' { t' ,J F, r r +e'!• t,` rIYI;1�1' MA&PM -0 el 43 r;,N Ir <174) jr 1'4 1 I F V d= ST.AM j Jk 64 VP_ ." - Mv 454 tol4v fly, 414. N re- �,4 A y p '7.7 4k cl V 7 -tf r,1- 7; .7 /0 4 J- tA' n Seller has citicuted and handed a dead jo BuyeL-, concurrently with this ARreezont. An soon u possible after opening of escrovj Buyer will deposit the executed duedg I with Certificate of Acceptance Attached, with Haarow Agent an Sallarlm behalf. Buyer 'agrees to deposit the purchasoi Price upon demand of Escrow Agent. Buyer and Seller agree to dopooLt with Escrow Agent any additional inatrumanta an may be necessary to complete thin transaction. iF :pl'Insurance policies for fire or casualty are not to be tzansforred, And Seller still Lancel his ovn policies after close of encrov. All funds received M thin escrow shall be deposited with other escrow funds In A general escrow accou4t(s) and way be tranufarred to any other such escrow trust account In any State or National Bank doing business In the State of CulLfnrnin. All 41abursemonts shall ba made by check from ouch account. -W. M ESCROW AGEN IS _AMIORVM AND IS rHSTRULnD M COMY Inni WE MHAnNG T I AWUnMM PROCEDjREi A. Pay And charge Seller for anj unpaid delinquent taxes and/or penalties and tidelinquent or non -delinquent ansess"nte or W, Interest thereon, and for any bonds slainat the property; B. Z=row is not to be concerned with p.,oration SoUerla taxes for the curront fiscal year if this escrow closen between 'July 1 and November I unless current tax information In available from title insurer. In the event said tax information Is available, Seller's tares ri Lall be prorated in accordance with Paragraph. C Wait. From july I and ensuing period, when to. information in not available, Seller'a yr6rata portion cf taxes dto to clams of escrow, shall be cleared and paid by SaVer, outside waro-o, pursuant to provisions of Section 5082 through 5090 of the Rovenvia Lnd Taxatior Code of the State of C Iforidal al. C. From •the date that. tax Information to available, an per Paragraph B abovu, up - to and Including June 301. Uh, Scor's current taxes, if unpaid, Mall be prorated to date of closcof escrow on the bads of a 365 day year in 41 i i L. i accordance with Tnz Collectorla proration requirements, together with I ion and interest if said current taxes are unpaid after December 10 L W , - ilrl- 6 -ov, and/or April 10. At close of aset check payrile to the County Tax Collector for Seller's prorata portion of taxes shall be forwarded to Buyer with closing statemeatj 'J. Any taxes which have been paid by Seller. pdur to 'opening of this escrow, shall not to prorated butweeii Buyer and Seller, but Salle: shall have the sole right, after dose of escrow, to apply to the Caun,:7 Tax Collector of mid' county for refund. This refund would apply to the period after Buyer's acquisition, pursuant to Revenue and Taxation Code Section 5096.7. ESCROW AGW IS AUMORIMM TO, AND MALT,` E. Pay and charge Seller for any amount necessary to place title In -the condition necessary to satisfy Paragraph 3 of this Agrepmentl 4- F. Pay' and charge Buyer and Seller for any escrow fees, charges and costs payable under Paragraph 6 of this Agrainwent; JTI Disbursa funds asid deliver deed when condition of this escrow have been '4��d fulfilled by Buyer and Seller. Z The term "close of escrow", if and where vrlitan In theii instructions, shall mean the date necessary Instruments of conveyance are r—.ordad in the office of the N County( Recorder. Recordation of Instruments deliiaired through this entrow, in outhorLted if necessary or proper in the Issuance of amid policy of title 4 ` V ) Insurance. Ar` All time limits within which any matter harain specified Is to be performed my be aril sit " extended by mutual egreement of the partiety hereto. Any amendment of, or supplement to, any Instructions mint be In writing. TINE IS OF MIE ESSENCE IN 'TIMSE , innucrims An ESciaw is TO aME AS :i= AS POSSIBLE.'' If Caxcapt for deposit of money by Buyer, vl&ich shall be made by Buyer upon desmad of Incrow Agent before close of escrow) t1la enwrow in not in condition to close within 30 days from data of these Instructions, any party who Uten shall have fully complied with his inatructiona any, In writing, demand the return of his T I A money or proparry; but :if none have complied ro demand for return thereof shall V9 Page 2 of 4 M Z; 'to 11", ibW t " fi g -'%', � ,� � I T Ir j tN r I V.0 -4 fj",. VI 4 If �(., #. �• , 14 1,�.l k) E7 94 i, 'Ir-P loon, A;,. "a 1 v; % tl Yip 1". A, �t� A k A I;kr Vt L , I U 4. Ir1114 1 V�W el yt it 6 to` '"7A 1A A 'TJ.,A W. f .. ..e .L, Wi 7 ,A 7.1 7lit". 2 M " I ^ �,L .J• �rL'a��,�,�,t —,r --- .•f .. .� Ih.f It, .fir. ft� f,•,-'i\•a " M•;•({:.• ::-,r •,.'te(..:; (, aI `t ., , '. .. Ilr� h .i et,z,: , :r, rl. •il (� ;', 'i• , r -i i r :. , '�, ., T:. _�i. •. ri { ..,.,. t ,' Z>_ ,) ;,+' ?,:., , r;: rl s �' �1'i'.,'" 1 - r T Jt .... )•1:t'q �.. r, •�.. •:' ..t,..,. •.' :, i ! f' ' A :i l r` , �1i :ark � :--'.:,,• Y,{ , ...t-;4`r '..' •^ i.li �+ , ' ' ,..•' r , . �7. � . , .., -. !1 .; . • '' '� r' t, , ., IS tr , r,,{l• .t`•�t'.n.,{ i,�r� • ,�... ,� t i ,:, ; t': • :t � .. �, ,. ., ,ii k{ i i ft T r r,e )�_t ,�s+r t ' t� f ,Ir r,:f f7p:, ItrM •r,�>'„^(1k:�'.,;f '! 1 ) " •� ,i'>r I' '•, 'J +Rt :► ++ �•.�' ,��3 ►� 'n" �y ,: , t`:•rrX 't •,:, .y ,r... !� :,,,.{ , '* ;i 1.,..•r, •. C - ., . � .1. `i .(i �, , � �J ,', %'• 111t h , i - , yy �-T .7 `.. ,'1., a;,�Fr.;,.. 1 r t^2 4., y--.yi. -• ..{a , :•r �hrr`: t . �1!a.- 13 .c• » �'.r, Cyr; 1 r, �. ,: -,. r: *;n, 3.. r i• ,,,?tT. .:.%�.•....•�_.. ..::, .r. �.. t .::. �..�!-.� -:3,' .•T:.:�'.' �.. .F, s 1 '14 `•" •� •1.;p a, ",;..• ,...i„• iiqq. ,.... .-:. t .Y t,..,, ,^..'..3...'��'. ..a •:.: „a,._ ._. ,.. `C1. t .�-. ..rj . �f... ! ,i, ,.• � •��=• :;..: _ ,..�.'• r,i. "- ' {� j.+.... ` lb �, r., 1 f..,,.. .. !,�..,'�„'r`J'?++a:Jtw.�:�«.*i.rlr...:.:,�,�t.►•..=.:•.aa-..._,_.::.s+wl.'.s_1°taL,.,.:-c......._._....._....�ii.�..iJ.:��)t:�.r, 4..i�.: 1.....•..:..,+.%Lsl::ri...w•.:»f�-rL»J..L-►.a,.1.t. fit` j • �" {! Ir 1> t! be recognUed until five (5) days after Escrow .'.gent shall have mailed copies of ,.• "* rr ,, r.V i i•'', r ! '►"t i. P .�.iX ,1'rr t )S •9.r�,•1erir `tt(r r r such demund to all other parties at the raape< tiY� addransoa shown in tfiean CACrw { ':r• L 'rt ,;r r. x inetrt,criuris, ar:d if ear objections era raised within said five (�5) day porlod, �,�.1 ,+,�flot� r:� +•, }It Isx: t 1 ,� th i d o hold all repots and documents until instructed by a : ��;��; ,=crew Agent is au Or 11,411 L court of competent jurisdiction or mutual instructions. If ni deaendo are male, proceed with elo3ing of this escrow as noon as Tossible. Responsibility for Escrow Agent under this Agreement is, expreaaly lliatted to Parog:aphe 1. 1. 30 4, 50 6, 7, 9, 10, 14 and to its lability under any policy of title insuranco issued in regard to this transaction. 6. ESCROtI FEES. CHARGES AHD CDST3, Euyer agrees to pay rill usuul feo'c, chargas and costa vhieh arise in this escrow. '. RENTAL �ANM) OCCUPANCY -BY SEM. Seller agrees to execute a cotaPlote, current and correct atotcment of rentals an form furni•had to Seller and deliver ar,ae to Buyer within fiftoun (15) days tsruof with copieu of any written leases or rerte.l agreements attached. All ren:a will be prorated an of thrf rlone of escruv oT, the basis of a :SO -day ranth coneiatent with that Statetment, subject to approval of Buyer. Soller hereby agrees not to rent any units on tha promises which are now vacant, or which any be vacatee, by present occupants prior to close of eacruw. Salter hereby, warrants that the rental statesant reisrrad to shall include thr, terms of all rental agreements, tonareivs and loaaas (6•rittan, unwritten. recorded or unrecorded) agrees to hold i]urer harmless from all liability frou any such leases or agreemento. Seller alno warrants that there are no :jra1',or written leases an all or any portion of Traperty exceeding a pariod of one oonth, and Seller., further agrees to hold Buyer h2rmlesa cnd reimburse Boyer for any and all of its losstrs and expensai occasioned by reason of tiny lease ofIsaid property hold by any tenant of Soller for a period exceeding one eonth, excepts NONE ,pZMS;J0M TO ENTER ON PREMISES. - Seller heresy grants to Buyer, or its authorized agents, peraission to onter upon the Property at all reae...table tines prior to close of escrow for the Turposo of making necessary or appropriato Srtapectiona. 9, �R1'S. This; agreement my be axecuted in counterparts, each of which so executea shall, irrespective of the deco of, its execution and delivery, De deemed'' un:origiral, and all such counterparts together shall constitute one and thn Same instrtment. ii 10. CI,45I? a SfA �T1. Seller instructs Escrow Agent to release a copy of Sallars s stateniant to Buyer; purpose being to ascartain if any raimburcements are due Seller. 11. LM OR DAHAf� 'Dp IliPR *vTX Mi18. Loss or damage to the real propetty or any ,improvements . thereon, by. fire or other casualty, occurring prior to the recordation of the Deed shall be at the risk of Seller. In the event of loss or damage to the real property or any improvements thereon, by fire or other casualti, shall occur prior to the recordation of the Dead, Buyer'mmy elect to requiro that the Seller pay to Buyer the proceeds of any insurance which my become payable to Seller by reason thereof, or to permit ouch proceeds to btr used for the restoration of the damage done, or to reduce the total price by un amount equal to the diminution in value of said ptaperty,by reason of such loan or dasoga or the ar+ount of insurance piyable to Seller, whichaver.is greater. ' 12. ' M?fCNENT rift IN DISKiSS AL. Seller hereby agrees and consenta to tho�disaissal ,or. :abandonment of ,any eminent domain action,in-,tho Superior Court of the State of California "-In and for the County of Orange wherein the herein described property is included and also wsives any and all claims to any money on deposit in said action and further waives all attorney'a foes, costs, disbursaments and expenses incurred +a connection therewith. . •r ,1 Possonsion, of real property shall e, given to. Myer upon the recording of Sol_'ar'a dead. All Seller's farniturs' and furnishings,shall remain the property of Seller and Seller shall have thi' tight at any time to remove or otherwise dispose of all cr any portion of soma, provided that rlL tenants occupying the premises at: the time Seller a. deed is ={i Page 3 of 4 my •.rr, r t, t. � d''°°fit`W'isrr7tT'11efC^>YtJ.`ii'Gw"Ts3TA'rx ,,r�`.•/��,��•.---tt{ ! 'r ^: .'r.. ,t t.,,. :;� s�} .' J '(`rf, � '' �" ' {,' 1 i, "r 'i -jL.. ,• tt �. � , y �.}, }.14 •�,! r , n� •. 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'A�f n �str'�',.♦'fJ',M ..`' ley '. »C�;�.F.,♦+..ttrt• .3J� :..�.r.')1�x•w,N``'• s".* �s t i, Irl {i .,,y 1` Y.3� all, 1, -.yi r r - r .•, tt��y •t y s�` 1? r recorded elha! 1 l entitled to continue to use the furniture and IurnlehiuRe than! being used by the,a until they vacate each of their renpective apartments cr living and prfrridad that within thirty (30) dayr after nati�te tcaa Buyer that the .1 r ,} i"" r l{i';' r '^ It '� t •S preCifaea have been vacated, Seller will remove or otherwise dispose of all such 1" r t s ,i: S # 1 �f furniture and furniahinge. All t'e earn and furniehin a remaizin on the remises ~� \ tRi'?��,! after 30 days shall become tht propnrty of buyer and iinyer csy dt'�poeopot same tSu er shall not be liable for any lase A without. Aiabilitr as it alone sees fit - without " �' �7� , , 4,t� n= or dn=gn to said furniture or furniehingel regardless of when Huth loco or daawga t�v �� r^II��ti �; +1., t occurs/ r, •, r rf ''.!)I t,�t117te�1 .:+i tJNRINGEN� It is underatood and agi col. bctt ion the parties tloreto that this transoctio� n is cor,tiagent upon dla specific approval and acceptance of the c ,} ? Hc'•tington beach City Attornaya ofEiee as to fora and approval and acceptance by 11 •,t1l; ';fi t `{;o the Huntington Death City (,ouncil. Execution of these doe::nante by Buyer and t ', ,, L •:j'}� 7 " ` '(' deposit of same into eszrow constitutes said acceptance. 4� r�i ,1 j4� ':� ♦' ri4 ;1• :�ejk��'� jf f„7e f ..('�,� i� •1;+}r, �•� , �('r,i>l +� •` The terea and conditions, covenants, and ogreemonta set forth herein shall apply to and bind the heirs, executors, administrators, assigns and surcaaaoss of the ., i parties hereto. rl :1 ,,;, ipf + , \• t �`;f'' 4hia Ao'�anent contains thb entire agreeaant between bosh potties, neither pasty ti relies upon any warranty or represcntntio/1 not contained in tlTia Agrecaent. •„ „ �� '* ;� have elcreuted this Agseemeat the day and ' T 1 IN 41TH'SS WERM?, the parties he ha r 4 r4.,,'?• Tear met forth herainabove.►,4x '' 14i Nt . 1,f k`1'�`•21)t' .•! :;, J '` ----��''�''''.. IVN �1 (s a+{rt tiit..1.1„�i ��+ {s z�. •' '�d�,,i �: 4. t y} "ll 1«.k .d•. -i Tl •�3{t�J'lla ♦4J i:i t 4 �,'(11''.{i.% Z Fwft �t �. r ♦ � (I ,,N, ,y y i� r \r-� �` ,! iC• ^ v MA -,LINO ADDRESS OF i Fr. /# i f _�>�r +1�• if q3�;1`' •'�.` 92000 W MN AVH. 090 C.'.ROLINl3 L• Uxlli� F Al. aim,,}rr VES12iINs ER, CA 926e3 � ({t,i:'1 fits hl k nitz4ytr ,L(� �7� . J {tj �• �t'I l[WEv!'.T.Omm ACEKL7 QF' 1!{E Qri Ql� 1 Ii Y.S` S.l 1f ti`. y4 ?w r r, � fNHiINCl'ON BEACH s LTw~'3 ILINC D OP Z MAIN STRUT HtllrrlNCi'0N BEACH, CA 926484. �,t� •^ a� �+ L,>r�,t:(1 t�'!`A j�li•, ^,�y 'may. •�j, � r r'•=1 1r�`Cn•r 1�, 't'. ,�t � •4S try{Y�• ,a f 4 `�, 'rc t � ` �� •rr!-� ' :=�r �;? 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"t) '�j ; — ft 4"V4 i W X ow. oif,' I LEGAL DESCRIPTION to, RDHII !H MAP 711FREOF RECO Ekaj, AS PER 3 r ��t�s t« LOTS 26 AND 28 IN BLLCK 2D4 OF "U"TINGTON D ZZ OF MISCELLANEOUS tL%PS. 7N THE OFFICE OF 711E COUNTY RTEORDER OF rlttreBOOK 3, PACE 3 SAID COUNWo zii jjyDRorARBOH SUBSTANCES EXCEPT ONE-11ALF OF ALL OIL, GAS, MINERALS AND 0111ER '111E RIGHT OF ,U 4'f ill nF 500 FEET FROM THE SURFACE, BUT WI711OU`T LYING BEIDW: A DE7 i'mif a, pAjjtACrjo.4 OR RF_40V%L TIERWT: J"'MU'SLRraee ECRY FOR 111C EXPLO VELOMEJ R&TION DE DMER 19, 1962, IN BWK 6238, PARE 13, RECORDED NOV SEC FURTH IN I DEED AS OFFICIAL FECORDS, t t" "Alt Al x, i, &Yf, 10 R4: JA ir 14 si"! ;'o, 1j"-f] IP X: 1,% tit re 4� ff it EXHIBIT "All iW • WAwpMWAV" I to rA Ott- V )k JI'sT x J it.;ty, tYl-j A - w'j_c. r.t if IV ;vp - 4�14 v vk -SKI yn L f r1y V Milt . Me,` fj It , k 1 Y - . 9 N N f 1_ t 1 r r 71 +, { i 1 �� ! , i t 1 , m , + yin f 1 r r !F ' �i h7 r .11 M f , ': °.it .L 1' 1 S .Y 1C. 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OR 1499171 fj- , ,it q . ,�:.!`` , ry, t }» i 1� t ''rhr PARCU, NO, 024-147-01 ' / tI I' i ,lY ' tt � iry��! 51=�'�f fi I � A. Y. N0. 024-147�1 _ r1 r�}7.,� , F 1' , r r, p: ! _ ,.. ,Z r •I ! 11 r11 V y.• �t� N -r .�4t4 t#ram{ ? ` �} , ,r FI;OJGCft MAIN -PIER RELRVELOP)IFUT r:l,;1, ' �Tt y , I r of + r{t.l t [7.E rr..�4�~t i .xis a�r� ? G ,� ,+.� , . 11.1-MORDINO MQUESfED UY: 1 J r yh?�� 1 it,l f t,Yv��, ;' t :. { ,i .y, 111MIlk^10II GEAC}I RFD6VIT0P!{GI9 ACLNC. } :� Ixt , 'G�r,, t f� � .t t��,, A!' + �' ! I111F11 R ORDEII HAIL TO: N +� ::, + VIf ct-;' _;, , ! IRINTIt=N BEACH REDEVELOP WIT AGENCY - t J+ .,.r ' IJI eODo FAIN SIT. .7 (- >3, ttt, `''0: t i�y1- 1P I. .r ' t _ i ,,', IMTINGIDN 11F.ACH, CA 92640 FRFL: RECORDING REQUESTED Essential to acquisition by IrY , 1'~ ; t i? +1 t ::t„r > j,,-' y _,! CITY OF iRINTINGTON 11f.Ar11, CALIFORNYA Ste Cavt. Code 6103 t -, ,1 ° ter,' f , E tr !; 1 ` _ ._._ r 1 a ' f? ' ra F' .r , , t , 1 �, {�, ° �+ ' u`'C 1 Y f ., ,.CANT DrM !r ' ' ; r s , r ra I ! ! ,1r i j. 1 , It' �' '•�t r �' 1 f try i ' L d I t i f' t r i, ,;I 4 t {� . ,�aif ? +� a 1>JR A VALUABLE CO1iSTDERATIU!I, rreoipt of Which is hereby „c. r,avlo Ded. t ih r .' , � i- CAPOLINE L. BURNES ` ' Nr'� ', t :, jt :z i', Ilt1 ..N. t;, ;, '" hereby C1iANT(S) to the EN11Ti?ICliON ilEACH REDEVELOPIEFlIT AGENCY, A PUBLIC BODY, Described in the City of " • 7 ,,t, { y l-K� . ,,qt ��s ) Y,1 r r ,Y a .`' ,` OORPORATi AND MLITIC, the followinr, real proporty , � ' ! -, r ' Iluntington Beach, County of Orange, State of California: ", 1 : , %' , .t� t`i-,'I � I� , I ,,� - [ r j Sili x •l j, t ` {' x, •;4 (' ,r r�`�,)1i`r } ' 1..1 ry'fi",rig 41t.+ +L!y►:% t ,j ! 1 `F}"?; Jr ��SV.,i , , .{y ? . , f�11'�s= �� 1 ,.'A V ,T� (X, • "'°t I ' "'' SPJi EXHIDIT "A" ATTACHED 11l;12Si10 AND BY 711IS REPFRENCR HADS A PART HER i \_ z, ...Tt ,,I ,e! M iwt4Nl,!r• .,J 1r, 1 , i A !' yl 1 rr fa'rh v rt ,, , 1,li " , I `j i, J, /Yr i +,i �, i1'r` ;,r i; rr.. J2 ,, �'iG ix�ti;Y1� 1,[ 1rS tf` �r![ .�; It h+"l -,-)I- It , t `' " Exca Excepting and reserving all oil, hydrocarbon aubatcnces and mines ala of every kind `,� �1f �; z� 11�y i�g 4 . ?rt, .) , ,' ' i and pchs-acter lying more than SO0 Caot below the surface of bcid land to acher ` �1��i +t { 1.t 1" y $ $ rl ~i 1 i! «' ,t. t + �! " ; + ' r, with the d Rht to d rill into, through, and to r so and occupy all ports of quid land ;• .,t i,l i ;%,'; ,,(.j t `; J � '; +) ,,'t,+� ,•, r lying r,crn then SO) #sot below the surface th:rcof for any and all purposes i �1 1; =,r1 =rr ;$,'J �'; ';=sj le j�i, Kj" ° ' incidental to the nxplaratiun f.r and production of oil, gaFl, hydrocarbon +rl;f t '= I, t - 5�� I 'I ' :t Gt4j ,fe" {, it ,'t1 t,. aubtlrances or minerAZs from Said lsnds but without, however, the right to use t' • �{ r�}.'fJ t rfli , v��_.. `1>�.` 11 � ; >,I,�,;It.r�zI1 ? � Wither t':a sur:tace of said land or any portion of said land within �00 foot of the �; Ii i �k,,, _``; �,1. � Rri��3 , }�"�� %y�. surface for any purpose or purposes whatsoever. 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STAMPS �5? . 2D . r' t , n +,�, it,,,,+I I^tw!( i1� Y1 lis'111Y tM1' 1i t11'}t w,J ` '` 1' THE ESTATE OR 1 NTEREST 1 N THF. LAND HERE 1 NAFTER bESC,� I BED OR fi `#' ` ` ' 41 , ' i �� y v 1 t ` REFERRED TO I:gVERED BY THIS GUARANTEE I S 9 i I . t►� i :, , ; r . �1a ,r,t >ti .}� tr r.' ,i 1 t A FEE . fr r` I 'I—{' z+, { ik4 -r r - {g"f r 1 �? r ; {- 1 Y1� , 1 ' 1 ,1 t, : , ' { t EXCEPTIONS !, i tl';f� . 1 , 1 '.�I•/ili Aj l ', , ky 1 t' , y 4 tt ,, ° i. !' , , ,air .j 7 1 J .,"+,�p�ji t. ,:i 1. SECOND INSTALLMENT GENERAL AND SPECIAL TAXES FOR THF. F15CAL sl ) A it,. ` Y�EjAR /iS87 -1988, AMOUNT 3.1, U77. Ob; CODE AREA DG--035, A . P . N0. a'i `•}."'� j '�� `t� )) ,•a It)1 , ' ,i DZ4-147--D 1 • r tt)1 t?'� Z l,f t ;yl KY l v + t t , ,1 ' � ' 2. THE LIEN OF SUPPLEMENTAL TAXES ASSE�aSED PURSU�,NT TO CHAPTER f`'r'" ;` . ` ; (� .5 COhif1ENC ING WITH SECTION 75 OF THE CAL I FORN iA REVENUE ANO ,r ,�cz` tI'I ).' i 1:., ,; ` TAXATION CODE . ,l I � f t� "..J,t �' �; r Y, 1{` •+ r '' y ' +i S •1 1 4>\, 7x, ift -,` ter("5 t •!{ 3 COVENANTS, COND 1TIONS AND RESTR 1 C710NS 1N AN INSTRUMENT 1 ° J .7", , tt • ►•} ECORDEq IN BOOK 108, PAGE �8 OF DEEDS, BUT DELETING RESTRICTIONS, t r , r,�' r 1 , �I. i,l,': r , it, •4 S •'� ,.,4"' f e,y,� a, t],. ' T«' \ =` . F ANY, BASED ON MACE , COLOR, RELIGION OR NATIONAL ORIGIN . `s� .1 ,1 ,,,t, �, , t `�r Yl 0t ,i ) r r t 1 • r I 1 1. ;'. , ,t rr " _ , 4 ,`,,v ; ` (4,� AN EASEMENT FOR �aTREET PURPOrE5 OVER THc: WESTERLY iq FEET , � �tr ; >r. ', tlif, , �, ;� '� F THE LOTS HERE 1 NABOVE DESCRIBED, CONDEMNED BY THE CITY OF t•ii t ' '�'LL {• " IY:. ' ' ' '3 , HUNT INGTON BEACH TO WIDEN FIFTH STREET BY FINAL DECREE OF THE �:t `� 4'') 4' . N'�''rxr I. '; t,^Yixii(, t ' `t ' i.4 SUPERIOR COURT OF ORANGE COUNTY, DATED NOVEMBER 30� 1923 • r ;?i f\ ,'f,r i ; ,ti ,iN' , ati} - o ' k 3 Tl � ��, , i �`i , 1 f, ` 't ' i , � (� A ' COMMUNIT`Y OIL ANp CAS ;.EASE EXECUTED BY RALPH E. HRWES ' -t i4r • �+ `�)'i" ., A5 , ` - , 4, , 1 , -a ,� 1,;` -+: , . i AND GLAOYS B . HAIJES , A5 LESSO , ANDMr�. ORATION, LTD • , ', �� ► rt . t : �,; r`f A CORPORATION, A5 LESSEE, RECORDED iN BOOK 2927, PAGE 282 OF It �1; ,L r ' ` I,.,f;III;,.1 } Y ir'''` gFF1CIA! RECORp5, T'0 WHICH RECORD REFERENCE IS MADE FOR FULL 1 w ( , r PARTICULARS. t .1, 1 'tt t, ti �,iI�i., ,�,,-,-. "_,� ,��',�'1;t. 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VV'i ND OTHERS, AS LES50R, AND BY ©CLO1L CORPORATION, LTD., A5 LESSEE, r '.�:: 11 RECORpED 1N Bd0lC 2931 , PAGE 493 OF dFF iC I AL RECORDS, TO WHICH I i, r ! 11 RECURD R1=FERENCE IS MADE FOR FALL PARTICULARS. i ►J ' �''`_ 'r . , �, r ': .1 r ;oy t `' THE PRESENT OWNERSHIP OF SAIp LEASEHOLD AND OTHER MATTERS AFFECTING -'',`` ti i,,�. r- Ir ;, , 7 THE INTEREST' OF TflE LESSEE ARE NOT SHOWN HEREIN. tFtr>r r „F ' w . , ( � , _ I. 7. A PERPETUAL EASEMENT AS 5ET FORTH IN AN I NaTf2UMEN i 1..ECORDGD ~; i' ` t', k ii y ' t .) it '- DECEMBE'R 3, 1981 IN BOOK 14314, PAGE 1DS3 OF OFFICIAL RECOROS, ��; '`);�, I"t; 'yE�,r��, ,'4 t, , IN -FA Or CITY OF HUtJTINGT(1N BEACH, A t1UNICIPAL CORPORATION. is ,,,y 'i ` �-1 Rti` FOR, PUBLIC STREET, UTILITY AND 1NC'OENTAL PURPOSES. t trry;� ,;,{t, ; ( OVER, DESCRI8E7 AS FOLLOWS , I • ,•. f t, %t+ ,r..,' tr N,- PARCEL 1 THE 50UTHERLY 2.5D FEE' OF .�'iAIO LOTS 2b AND 29. _ ''` "` ��`t,, k41 ;f I ' ' `i! I�' �,�' f , 1, , t' +'' .' , r ' � - `:,+. 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' , 11' y1.I. 1 ,, irE c, — (1 1t + t1 i. f , . 1'`li t },r' jT, - n r 7 ( 1 ,t ' ti! ,, 1 `t t, r ,J ,I S y (f' ,I 7 .�,_ I �At7 .`-wi w..,.c••:, [ .,. !. .. 1„ I ,.... I'i' f .i Y _ ` �1�',y �1 i` lr.._? �fnr ,. �{ .. .... � . .. •Jt L r , t Y. 1 `.: � �!(1, � _ ., ! .. Ji ' a1.. , l t,. o .-s , , . Jf 'J!_,.r..:r,.;14...,., t, ', - ,' ,1, v t: , <(sl J , •' ti 1 �' y +, -f ,AHERI ,. t% ` 1 y 4 l rr• �}� i ,�V�� J l 1 i A 1 �'; +' q , E F , -r I, J, I 1, 1 • ', I L ! !ti r I. �1 I!J t , ��'Is .rk1_:,. ��f , 1 LITIGATION GUARANTEE OR—ib69171 I �CLTA —REV. 5-3-73) �, V 1 ,R: ! I �1, `{ `' k SA i D NECESSARY PAt, . I ES (OTHER THAN THOSE HAV I NG A CLA I M UR INTERESTi r= ` .1 1 f, tl r 4 �' �T , ::., ` BY REASONS OF MATTER`, SHOWN i N EXCEPT l 4NS NUMEERED 1 TI �P.OUGH '}� ; `' s� 1. I ��r :�_11 J ! NCLUr I VE) TO HE MADE DEFEN[JANTS I N SAID ACT 1 OPJ TO i3E F3RQUGHT r r( '' 8Y THE CITY OF HUNTINGTON BEACH, 4S Pl.A1N7tFF, ARE AS FOLLOWS .. ' 1 y s '' f. f. 1, 1 ;� . Ir S, ',:..',,i,;,, CAROLINE L. k3URNE5 ;.,! — 7t3S1 MATAL DR , N 12 f" ; 4 i;.. ti;, f t,. , "' ��' WESTMI NSTER, A 92693 1 (OWNER) `� ;' # ll, f ti f T It f '6 , ,i. ',!, t t '11� + ' � r, r' Y} t r }' J: f . , tot ," , r , s '� j 1 ,7:,ibf y1 ,!,A } ,, J ' �, t r, f T� ,. ;fir ° ,�� DESCRIPTION , r J =.� I . �.', , 1: y ` THE LAND REFERRED TG IN TH1S GUARANTEE IS SITUATEp IN THE STATE ti ;'�f+ �, ti1+1 �'✓" a of tAI.iFORNiA, COUNTY OF ORANGE, CITY GF HUNTINGTot\ BEACH, AND ' 1� 1 ` �: r rl '1 � ' . ti ICI , , l ; 15 DESCRIBED AG FOLLOWS j u i, , ,4�, ';Y,f a .�'k Jr .vs t, .#�`" .. `' rJ '� s�' LOTS 26 AND 2a IN BLOCK 204 OF HUNTINGTON BEACH, AS PER MAP c�t11 � ,� J,"; .f iir4 dt' `;,r'' .' 1.a THEREOF RECORDED IN ©OOK 3, PAGE 3G, OF MISCELLANCOUS MAPS, ,,"�t;��'�it?'� ';�t;if I IN THE OFFICE�,OF THE COUNTY RECORDER OF SAID COUNTY. Ij (- �' 1IV irtaa<{ 1 .Z ' EXCEPT ONE --HALF OF ALL OIL, GAS, MINERALS AND OTHER HYQROCAR80N f-1,'(1121x L_4 A t , �.# T +: rr' y _lITS.,}t ; T1, r, i SUBSTANCES LYJN6 BELOW A DEPTW OF SDD FEET FROM THE SURFACE, 5 }} WE ;�%i'xr+ `' ;i 'et ' �t� v/rr' 1, rI I , j 6UT WITHOUT THE R I uHT OF £URFACE ENTRY FOR THE E?(PLORAT 10fJ, Y ''1 ' �>a''' , �'," DEVcLOPMENT, EXTRACTION OR REMQVAL THEREOFt A5 SET FORTH iN " T:`, Y fit' 'L ?;`, • ,. I. ,�L 4'w/y f A DEED RECOROtD NOVEMBER 19� 19b2, IN BOOK t5239, PAGE _9, OFFICIAL J 1. ,I;r /` t �J.� J RECORD6 . :Z 1 t [ % n i Tf ^ y (z T! it � ,�Tf l t 1 ! , 1f sx41 , , ." IL aY .`7 :.111 , .r,�„ , , j I f; DLB /KG • ` ,,,I. J I,,�' , t'" f' 3 T.J 't eFf ' }( 1� ,11.E t( ( ,�.1 4� )'�" , St t l 1 *a A+ Lk)I �. , �l[ I l a E •Tr "�ax�(f 7� , �� h I :' , • fi ll +�' I �j kVt , + ri ( f, �r , Y• r � „j +._, :I f ;rlf r t .i jI.p.1; r 4.1' tt✓ ytY1} i ,r Ur+ , ij ', Y S +l zkti ra- -� , ra j. 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I%, -o, . ..',II.. -- I 1'�.? � i �, �I 1-'� . :,�.;i., I ,I,r�1. �."_I" -,.;�17,.l1��,II i f 1` i1 'i`' } I'r I. 1 t„► •`� 1 7' t , .7 to t r i ,, t ; �;, , y A ((ii{{ f 5 , • . 1 . , t . .. , ., , Y, ,i .,I , . . , i -. ,ry ,• ' `1' i .. I • ,t' 'f -_., I •r, i ` Farr 1 , • C,t' ' ' ,_ !r • ! 5 + r r 1� il.. „_ , . - - . .7 I. • I. I 7 L I LTA O,Jar•nl•n (5•7 1!) ,t it .. • , r t*1 t, , • ••' i t It . t • t ,: '-1' •''. • GUARANTEE CONDITIONS AND STIPULATIONS I •' ;.. r I1 I , �t 1 t�5 11. Doflnilion of Ternts in luu to the Avsmed svithin the coverage of this Cutrantee, or to •i ; ` 1 ' •t'` ray Ihe, full amount of this Cuarantee or, If this Cuaranlco is , =, i ;i; i The following terms when used in this Ct:ara tleu mean: iouie•d for the brneF.t of a holder o[ a rrortgagc, the Com�snny -hall i 1 �, r, t+ " ;` ' ' have the option to pinduse the indebtedness scoured by s.ld , ' 11 ''`r (a) "land"r The land der^pitveal, speciCcally of l+y reference in nsnrtFa;c. Such pun:hase, payment or tender of payment of ilia '.O . I" &I III • . I' this Guarantee and irriprovtments affixed tht!1` to which by times 1 `1 ' ,, , ' ''; t (till amo►mt oft tie Cuatnntce shall terminate oil liability of the h ` j, : canstltute reel propperty; Cnm rn •hereunder, )n the event after notteo aI datm as ]peenr .:.,,, p� i I ` j ;� (b) "public recordsi those moots which impart Mnsltainivc notice gitrn to the Company b) th. Asriircd rho Company ogees to �' j. : of matters trlttting to said land; purchase said indrhtec ness, the aeon of such indebtedness shall ,; , transfer and nutFip said lndshtcchnut a,nd the nartgae securing I (c) "data": Ilia eVective date; lire same to the Company up-n payment of the pure use price. ti t• !d) "the Anent"r the piety ar pnrtirs named as the Assured :n b. Lirnilalian of Liabilit pa• meat of loss t{{ LV tri;" this Cuarantee, or In n supplcncntal writing cxrartcd by the 1 !' I � •.i-1 ' Company; (it)'lhc liability of tlx Company tinder this Cuarantee shall be i (-:. . r. limiteil to the amount of actual lass sustained by the Aswrrd , (e) mortgage i mortgage, de•rd of trust, trust deed, or other IK-cause of reliance t• n 1Fc assurances herein set forth, but in I , `• r - security instrument, no event shall such liability exceed the amount of the ''(ability 1 ,. i stated an the face poi e hereof. Ji r,(2. Eicclusions from Coo,arage of This Guerantea go) 'Ile Company swill pay all costs Impos:d upon the Assured In II ", ''s 1 Tlr*r Company assumes no liallity far hiss or damage by reason litigation cnntc;l �n by the Company for the Assvtal, nail all ' ! ; 1, . , r ' 3 ti . ai the following: costs aril attornry s fres in litigation tinted on by Ilia Assured r , t , , , ,ir, fr with the %srilten authariration of the Company. ,, . A-,.r1 : ..Y `' (a) Taxes ur assessments -which ore ,ant shown as existing liens by ' L r 1 •` • , :, the. rcmnls of any rasing authority that levies tines or rvscssments (c) tin claim for damages shut arts- or be ma!ntainablr, under - 1 t Se i an real pm; c[1y or by tyro public recants, tliii Cuarantee il) if the Company after having me fuel rotitm 'I� ,tv �v,. ,I}%�I t tt( an alleged direct, Ilrn or maim iranao r,nt shoars as an >~xrcp- ! <I ,'11 : r r, , :,., k i (b) Unpatentcti raining claim-; resen•atlons of exceptinns in pat• Lion or excluded herein removes such defect, lien cr encumbrance . i,:«!' i�> •, ,,` . cats or in acts authorizing the ismaace lhtreaf; water rights, within n rewonable time af!vr « celppt of such notice, or (2) for tIIt ftt ;.+4: , :* y 031fat ar till.• to Water. li:lbility voluntnrily assumed by the Aspired in settling any claim ,^ It 7 II or suit -without written consent of the Company. ` }IL, " A- i - (c) Title to at)- prt,perty beyand the lliK•s of ilia lend cipressly ,' described in the description set forth in this Cuarrinter, at title (d) All pa}me•nts iniaor toils Cuarantee, vxcclit (or nttoweyi fees 1,14; re •;'{ :` 1 to streets, toads ava:nuet, lams, -ways ar waterivn)•s on which such ac prowidrd for In paragraph 6(h) hereof, su,t l reduce the luncunt t+ , : , •t lend abuts, or t�ue tight la maintain therein vaults, hinnels, ramps o! the Lability hrretimer pro Canto, and no payment shall be 1 y''"}, , • '+ ' or tiny other structure or improvement, or any rights or ^asements made vvllhnut prcxluc:ng this Cuanntcc for In arscmcnt of such t J .r,i; , �Y* '+YV,' i A "' thereto unless such property, rights ar rascmcnts ore expressly pa�mrnt urdrss the �;uarantw be lost or drstroyed, in -which case � ;t 1 ,4� ; and Specifically set forth in said description, uaof of such loss or dc•tructinn shrill be [urrbhcd to the satis• I r '„1t" , I action of th,r Company, y,, , • ' ,` t ' (d) Defects, liens, ennimbrances, adverse claims agnlrist the title 1 y t," rp+ I �.' t` as guaranteed or other matters (1) created, suffemd, assumed or (e) When liability has been definitely Fixed in accordance with the Vi) �) t ` E r II I :, agreed to by one or mare of ilia Assaitcd; or (2) tes-AlIng in no cvr illtions of ihis Gunrnntre, Ilia loss ur damattc shall he payable It + , o, ,,,, , ' lJ l:us to the Assured. vcittitn thirty drays thereafter. tn) ?,t ' ,,x , - c t 7. Subrogation Upon Payment or Settlement 1 1. ,.4 ;I I ` ti , f t I' ' .�. Prosecution of Adfons c '; ,.r^ t," sr ": ' 1} t,,r t{ (a)'Ihc Company shall have the ri�gzfit at its awn cost to in�Ututc �t'}tt'net•rr the Cumpsny shall have settled a ilaizn undei 56 1 �`� r" 1,L f 4,1r ttr , I And p•oucute any action or proct!ecling ar do any other oat u•hlc}r (:uarnntn, rill right of subrngganon shell vest iu tl.r l:arapanpp , rt J j.4, ; ` e , unaffccfcd by any art of the .lssurrd, and it shall be sabrogatad � ,,s �' 1 ~ in Its opinion ma l,c area±sa er desirable to establish ar con- cJ p �' ry' !o rind lie cnttticd to all rights and rtrrtcdics which ilia Assured ! ,t t; r � . , 1 , : irm The matter uerrin guaranteed; and the Company may take would have had against any rcrson or pro oert • If. respect to such j • i r t Iir ' `` • '"' ,',+<) any appro riate Potion under the terms of this Cuarantee w rather t y �', �, p c aim had this Guarantee not been istu 1[ the payment does t }[ ; �, 7. 14 f ) ' , �; s" ; it not it shall lie liable thereunder and shall not thereby concede not cover the loss of the Assured, the Company shall t,e subrogatcd � c; t e , , ,i; I , t• i i +, 1 liability at w•alve any provision hereof. to such rights grid remedies In lite , po p , i► r i1 t t yr l;i. h pro rtton which .aid da)rnent r , '' , t (b) In all cases v -item. the Company does so Institute and pras.•cule !xnr to t c amount e,F said loss. The Assured tF rcqucste by ilu 7 tJ, r! i;; `'"Itrr:. " 'T� f • +'yt `; �� i`' `" any nctlnn or per 1 ding, the Auurrd sh: ,permit ilia Company Corrpuny, shall transfer to the Company all ri� hts and remedies , r F T1.. /ti ` 1C use, at Itsoption. the name of tht Assured for ouch u -c• against nny peron or property necessary in ordtr to jrrfect such , r 4 i +` 1i j„ ;I r''' 1�'hencvrr rmelucstcd by the Company, ilia Assured shall givcthc right of subrngation, and shall permit the Company to use the ; u • if t ` 7 r ail Company all rcasonab a aid In prosecvttng such action cr pro- name of Ilia Assured in any Irnnsactton or ]ttlgatlon invohiug such I fj }, ,")"t ' r 7I j` creding, and the Company shall reimburse the Assured fur nny rights or remedies. I , � ,, r41;' '„, .' a.,` expense so hicurrood. ` J ;t 1 a. 1 , + �. )I 8. Guarantee 1=nitres C.r,ilracf { , b � , e r 7-�i? ' r: 4. Notica of Loss — Limllatfon of Action Al)Action or actions or rights c( action that the Assured may have t r*' r' il' L3 , . J ,' . N,. v n , or may Lein ,against the Company urising out of the subject r ,-,I 1. r: _, statement in v tt of an • 1 -s t r dam t 1 / �, L ik A zi g ) a age fox wh ch it is matter hereciFfrurst txt based on the provisions of this Guarantee. �i; t e ",I,',! 1-,."++;, i• I s; claimed the Company is liable under this Cuarantee shall ile [ur- Nip p;n,isi on or condition of ()its Cuarantee can be waived or � t'�;� r " i,.; nisSed to the Company within slaty days alter such loss or ciamago cl,an�rcl exceppt try a writing endorsed or tttached herein signed y' { t" i , shall have been dctceanitird, and tin right of act an shall occ:src I, , tic President, a v`ccr Prasillt-rtt the ScClClar an Assistant + l r J,r1 t:Xr i, to I!ie Assured under this Guarantee until thirty days aft-r ouch Si notary or nil.. vttltaSring of6ct'r�of ilia t'.ompony. '•J r; f ! ` I` stntement Shull have been furnished, and no recovey shill be .l S• �` t i,-_ 7, ;, , , had by the Assured under 11,1% Luaranlce unless action stall ipc ' +',:, rl.'', r' commenced thereon within tw•n years after expiration of said 9. Notices, Where Sont Jsot { .. y ;' I r.; 1 i r t.; thirty day period. Failure to furrAsh such statement of loss or All notices • squired to bt given tha Company and atty statemrrit � + s ' it r, {, , ,I x mringe or to commence su,1 action within the time'lierchibelore In writing re uired to bc'' usnished the Comlin22• shall he addressed •' �_ 1 }� * !, `.' ` :,, flfied, shall be a conclusive liar sgaitut maintenance ly the to it et 421 North Main S!rcci, Santa Ana, alifomta 0-270I. or to �� r t -,t , ,+' a Assures; of -try action under :fits Cuarantee. " ' Ilia o(Ticc w}dch lsstitws ills Gtaarantce. • 7 it t+ r ,rl, i- r c t.. + . ,i-1 a - + rt't z t S. Option to pay, Sallie or Compromit♦o Claims 10. 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' rf Tk, 'A .i u `I , 1 _ +I rtAI 1, ,, kt, Ir ,fJ ++ .AJ ' Y i' ', ',° r I I"' 2000MAIN STREET OALIFO',.N;A9P648 4 ,,, , f 1, , 0' , '', ° .. OFFICE OF THE C11 1 CLERK , . t! ''�L ; ; � ..',.i ',-_l,4A11�,I", ..",,.1 -�, ".I. I, s .' 1P ,1 I (Ia ,I:1 sI fy'k , yN�"'r,; ' f. 4 �,1, ,II"`. .�"%I."I_--_..." ."14 .,;.,.7,-I-� ,. 11��i�1, u -. / G 1� � +` t „1 II .1 !t l '", +� ', 1 Jl i fi , I 11 1 .t �Vt , � r , {1 r )) s 1 Iy. 'I. ' ,'. 1 1' - a „r Ptr: tEs, • Mar.:h lC, 198A I. �_v 1 lr11, i '.. _N t rr., ,�, S,l 4y0 .., '. 1 'y t f r t+t •' S r ( l.. St r , �il.I.z1` y ,kJIn �jl'+'i�''+,.y+rJ, ,11;' .:11 ,. 11 ), Y ,t .tr,,l .A(r';11t r}..TS�RII to r._ Y1r' Al 7- J } ,, Orange County Assesso.r's Office j ,,'t P.C. Sox 149 , $r 4 " ;0 , y,r t +:} 1 Santa A,ha, Gl 9�702 ,,Q�.1f� a s+t, 1 ,f t, .; , ,� ., Attentions Real e�roperty Department fit` {`, rz`,", r , t,,� x +i ti ' a !, { i, 1�� V I, 1 a r t I y" ` �i' r1 rF tf 1 i• l l 1 �Py,i t?. Enclosed is a cr✓py of an agreement between the t`ity and "w,st '+";t , .I''y '` r 1 r�' I ' r •,,�,r , p, �t +t' r� '„ Carrline Burnes relative ;o property lo:sted at Olive •,'1 ,(,L.,w.�,$I�i 1 ',_ ``,I K i, ' it�. _ ! , f'tl 1 s i ti +''fit ,rZand Fifth Streets, Huntington t3each which was aprrove3 -, 3t ,,, r ; ^" r ' }• �� `t �} our Citp Council on 11arch :, 19i18. �t . �,",; : IF > ` _� k r ' , ...,, rcr ,}�.t is�T 1t TIJ ' J ti'A arc transmitt3ny Lhis agreement in case possessory ; , ?,t, t ` r jt°f,'�,"� I ;i yr;.t f l,titRIrl,' interests may ,►:'e involved. `„y, Irw" X,s&,.'; # I ,I( .- ,4I I 1,.� . I ..� �I, "�,,, .,� , ,.. , .... � ,�. � I . r., I - V �.7,,, �1 ..) � .� I . �-I" .,I I .,I: � � �� .,�, ". I ,'1W.,. � * ."! , _ I*'7&,I �, , II,H(� . II, ,, %, O1j,,".- I & , 1'I,- 1', I , I,, - : i•" r +e� .ra t M� ti:.ICiA ?i. 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I 1.+—..—.....i�..r.efr•.+:�J4✓f-0aY•w.«r`.+trt4'::1'.,wr.,. ..� '.�,5"il tl'i Vll <:w;i:i �)-�ltia.1+`...+�i'i..0 � ,l �,,7i + k R�,t}t! t` �t�" •-- fl,�la t .fir �i -1 ,� S I 1 Or. All t}ix\ 2000 MAIN STREET CALIFORNIA 92648 _' '• r f �� e`,� OFFICE OF THE CITY CLEi K , Yl 11 3?r t4 :larch 9, 1988 A ; y t . ; Mrs. Caroline L. Burnes ° , " •�', Jt; 9200 Hestminirter Avenue 490 wnstminister, CA 93683 Y ', t� � ,,', ,•r aa, .t''! tag -, {�N tt.�,, J l N. t7 Dear Mrs. Burnefj: i �l t " r• t �* �'t ' •Ir The) :tedavelopnent Agency oz the City of Huntington beach at their Meeting of March 7, 1938, authorized the}i7A1"��-� •+ `f acquisitions approval of contract of sale for parcel located at 014ve & Fifth Street - Itain Pier -lie-develop- ment�'�'ttrrr�.�3 •z� ;rat'. Project Are 1 j a. (AP # 4-1•17-01) in the arlaturt of accepted Grant Deed from Caroline Burnes and approved and authorized execution of the Agreement For .acquisition of Real Property between the Redevolop^ �(t� j��''i{�h.171cl,1� �Y• s ' • i r ,1", 1' i �' { talent Agency and Caroline L. Burnes. w + „ Enclosed is a copy of the duly executed agreement for f ,Ft♦, r, " ! e s }mur files. iirrr` !" i�� `ry'tfl? < J r y ` t ALICIA M. WE?.,M?ORTH, CITY CLERK , tom' ti .,'', 1 1../ 5� Y';" i f��` t 1j�\'� _• ( 'r. t t � fir,••, vl,y� �+{1) Connie Brockway, Deputy City C r}: I t t�F 1•i�' J t Y t =yin. `� d ! i��T'r� 111Yj , �.T f ! ISA.'• d �r� ,w +f hS'1 e ;�{J,.'� � �� f pm Enclosure a tic t ��y 4 ` r rJ '�' ! ,f '. '1 t �� J ,• t 1;+ ! t f'/"tr ��r�'Li I"'�: FJA Iffy All , %V� �Lr• I, / .i � It aty '` ,•,-��•ZtiY i i i* .' �n J, ,, l�c"r ;�^jr rir i. 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' �. r ; REQUES f FO RED_EVE_L_QRDdENT 0;1* ENCY ACTION : ` 1 `ir t X11PROYt.0 ICY G1'11 CUIfl�t, }y ;;'1 �f' f " �r! t % , o. 4- _k r� to 7 , - I ,r r __�__.-. r r ?,larch 7, 1988 ` `�, i{'•'t't t l � ' :�c G:ti Data " ,�t �� VI :,-T . t?i %, .; '` �' " ` Honorable Ch nta ar, c evelo- pmeitt Agency Members '' ` ! " y t' 't � r1 '.r' �j, " Submitted to: ' , }, ,+.�; Paul E. Cook, ExceutIva Directo r i ,t lye Submitted by: \ , ` ,1 'I ' I': ;' L,ouglas N. La IIelle, Deputy C1ty Administrator/Community Developme t t, t I Prepared by. t) , AUTHORIZATION FOR THE ACQUISITION & APPROVAL OF THE ,'" 't' Subject: CONTRACT OF SALE FOR PARCEL (APN 24-147-01) OWNED BY i` �' CAROLINE BEIRNE+i IN THE MAIN-P1FP. REDCVELOPMLN'i' PROJECT AIi ?/, i .' ' f :: t t f + a Consistent with Council Policy? In Yes ) ) Now Policy or Exception "`' '` r I _ t a ), ,t h 1 , •';# ,' Statement of hsuo Recommendation, Analysis; Funditlg Source Alternative Actions, Attachmnna: i�� 'f C. •" J .�F •'a :, 1 fir r r . • -- , . t r 1, i � a) . .I, r< i, , } ` t •'Jt i' f. ITS`' :i° '"'' + rt,X ftt^•fsr 1 r ! ,, I^ ., If 0, i i t ` `� 1' ' I F $TNT OE ISSUE: try `t ti l I A ` 1'' 3 , I t, Z� t: t t,i ," I•• + " The attachod Agreement of Sale is In accord with Agency action to purchase properties r ' •�,, is on a wlll:n; -seller basis in the Maln-Pier Redevelopment Project Area. The attached '" ;' r rh • k, 'l. t ter art,�?'I r; I, t+ Agreement represents the purchase of property by the Redevelopment Agency owned by ; it ' r : - ' L ` i'` `' ? Mrs. Caroline L. Burnes lc.:ated at Olive Avenue and Sth Street. r` t`I�1, � M `a' 4 . ' t ' RECGL< 1nAT1QI�: _ �� t ,' ;0 *; 1 t'_t '1 t Y��i� ,°'1 �s� t. i.; II it , , ,1 I ,. t llr� t. _ ; , t f Authorize the acquisition of the structure and ro ert , a rove the: attached A eement t 1 Y'I f .r q P P Y pP 1 ,,_x, ,� ,r Y, ,, f/;�,, , ' ti, J iv for Sale which includes the following points: r)) ' } , ' , k7, ti'. (t� , tl'"; t+ a -, 1 , . 1 L.. !" 1. The Agency will purchase APN 24-147-01, Lots 26 and 28, Block 204 of the • ) >. F ', ' ` 1 , ` , , Huntington Beach Tract and the structure thereon at the negotiated agreed upon � �.I:t � `l IT%41 `' x 41�` 4;t price of $2S5 000 cash. ��. k ;Pi , i -r� t ;; :1 - 2. The Agency will pay all costs of escrow fees and title Insurance. 1K, ,' , T+>1 „-} ,'' ; y y 't 'r', t�r.t'. _ ' "`` art '� ' S J S "� • ' }I,t},, i �. � ! , r t ' �, ;i r, 3. The property will be acquired i►s an "as in" condition. �` Jt ;;w'f1°-` 15 , ♦i ti , .f %"I.;r ",.I'•,,` ,• t , It 1 j`„ r rr„ fJ°t;•• i,.' r ' 4. The Agency will agree to a thirty (30) day escrow. 1 �� + f i? , � ,'fv iNa r f r , 1Jni , -I 4t t :.y i wi ,t t( �J r �: ALYSIS: �,�I!., t ♦:a '�L 1 t,t' l �'i /1 , t ,1 , �•, "i� ;:•� t ,. I-y2 �• •S lf., )' i'' if'ti .r'/� f,l'' ', , YSti.; {.1 I y ,!: . ' A�, Y ,, t ,y ,,, The Agency has authorized the appraisals and negotiations for purchase of properties on ;{, ,I r I` y, r a willing -seller basis within the Main -Pier Redevelopment Project Area. The staff, , '`''" , ' ` , `�' ,." r �,� 1 ! y , I. "3 ,`fir$' }', ' c91 "i; i' through our property acquisition consultant, has negotiated with Mrs. Humes' realtor to S�,. '; r, �'+r�'; ;' D1 /;,,r. frt�. y purchase he. lot and Improvements at 411 Olive Avenue (Safari Sams). ' ' e elty's 460 ,' A tF l 1 J,�( ♦Jri.iS '' a ' + ':%t is 1`:I L` J.-t r'. y �,, , r• ppraiser indicated In his appraisal that the market value of the property was $275,000. f ,fly,♦ ,.,, 1 3 rJ l:; r'( lJ , �) � Jrt� +l � We are recommending that the Agency approve the acquisition of this parcel of a price ,fir ' ti,a` `�j;:"'`i jI, ,1`Y,l ,; , _ of $10,000 above the appraise market value for the following reasons: ; "r fh`t ' 1 �Y:i t, i It ,�''t. T r i t+�- r r�/�, , AI '� .i fi:ltt f•, ] r(t, l i- I r 411:1 ,y S `,I f ��, 3j+� `41.,L t t 'f,'t r r+ Ifi fr S s " , f , : -,A tk r}.. S rat `'t ,a4tft t.l. 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"'� . , t _ - , , I - � I - � I; I , , � , ". 41I " , ,�%:d , I ,� , � , "'., , , i� 1r, '. . .� �_" .Z,_�.1!:1:A_,.,a.",- .. ,,, , , ..., ...: W. � , �l , , - I f , , - _I- "I" '. I I 1,t�, " .U11- I --- .&-,---, i-_ � , . . . I , . _ ...1. , �. ,:� - , . � ;. , . . .. � , . il_..; I I � r w �I , i � . I, , I . -l'ol;', 4 ,� - -,- � 7.,� 1. '! I, L ,� , t " �,` ; - , , ') I � R'-i., f-,- " I I '11 , q, . I i - ..4 I 'r, I'. , � 4e,, I ,., - -it � , " . � , I I I, � -1 . . .j, I - .,tt. It . . I 40 .A7&tt, - , I . D "I 'I -1, i .- , �/.',,V , , VI $ I � �, " ) � . . � , t" , . � , . � �, ; __,� I , I I , , , ,,, - I . 1. 1_'11 , , . I , . , " ", I " � I .. , , , , , I I 1 - ". �,, , � , I , � I , I I , . ..• I i , (!4) 1 � t . ,,, " ., . ,,, , " � " , � - . I-, I I � I . I I I I : , . � I C � `..%1, , -."I'.. I. " - , � , I R ,t . _��'_vl . I I .1 I " .,I , ,, I - � , " , , . I '!i 1_'), t . . � Ir , ,.i� ::-� ,- I 1, , A. I I . - �, I , %', � � ��_ ,�,. - I ". �, , I _. , I A , , , �,-,'i , it � , - - :11 ... - 1 . , . , . - ,I -1. A, I -1 - 7" . � .. " I r , `oi .',�� I � I �...- , , , V I - I . �-1 I 'Ji.. - 1, . 1 .4 1 " - Q ,.'I,, �� -,'�, I, 1. , ", 1, The purchase at the higner price will allow the Agency to utilize this property for I A 0. I. " I.-- -1 1 ' 1. 'It ,; N� 1, 1. ,,-,�--�;, .� r � . .: ,.J� , , - It) -,, , . I., �� I I - - I I I� ". " 1� 11 ?"i �,, , iI � .1', Y. -, ,,, , ", - .4 1 1 , - , � . 1. , 101 1'.:11�11_1i;l .1. , e;l . , �-, I I development or parking In the rear future, . .. . . � I . . " -,' " , - I - I'l , . . ,� 4 , I , . tl�.* . 11. - I I - I I i�-,': - .11 . . - . � 11, , ., I, ___ "I.( It "t,'. , , I �111 .., ", , I I , , I �, : 17 . . I 4 . , I - I i ., , . "., I. , . . - ,,,,A"- . '.'It' - , , # , ll 2. The Administrative settlement for the additional $10,000 (3.6%) V.-Ill allow a Ilm ly I .. "I , - , l" . . , � _ fl - " , t 11 �_ . . ,','),,'V_ '.. ... I - � r'' .. ,. I _ I-,, , ._i%.� 1. - . conclusion of the acquIsItlon process an this parcel and enhance efforts of . .. -,?,t , . I � I %J k - . . , � I , 1, I �V. , . , � I . I _ , , 1 i -%'� , , . .." 11 , , I I i � ."4 ', � , , . A. . t. _ , . ,� -nt in the second block or the Main -Pier Redevelopment Project Area. � 11 'ICU��, 1;. , �' , .- %, I � . !:,"_", developme � I -, , "I'$. ",� t I � ._�.- - I)t . .- .t 1 , , I 1 'I � I,., 4. 1 1 I f4 , sl� I . I I . I � � * , I I _I� t - , I , , , . P I , , I . I . � 111 � , I A , I " I , � , .�, - - � - , I ., , , , � , ,' "'i �,'�`_" I I `_ �_- 1. �- . ' , The property remains free of mortgages. The seller would request a cash payment at, � .) , I' I� , ! .- .. ,,, O.", , , , . �' . , J I .," , I Ilk' -"..�t, 11 . _ 'Ir , I .;! . -,� I .. "'. I . ' t � , -.� . close or escrow. The structure on the property was at various times In the past an ' I- 1�. I. . , : ;:, "" I I j., -- _ . . � " I . 1� �_,I,I4 �IVZ_ . � � , , , , f__ I� � � ,�";I�,, '% I v �I; I . I . - : � � __ . 1, , " . li� "j, I , , , , office, restaurant, and nightclub. It Is presently vacant and In need of substantial . _ . '�,;T `�jli. �., ". I , I xi 1. 1, I ..,y; I � . .. !.','_� �-:., !, I ). Il,:It, Improvement for use. The structure has a good potential fc,r retnIl use provided T. , I . f , �."" ,..,It...,. I _11 I I �1.1 . � � I . .1 ;, . . 1.� I I � t 1, �, , ..,. �, . , " I,, . . I Improvements are made. The building could also be raised to accommodate parking for I � I � _ .. ,,,..�I 1w, ;. I I , �'.. :,- 0"!,-� , ; ..,. ,,I . � , ". 1, �� *I t 0 I.., .,;",_, _"i - I - . .1. - 4�%,-, , . A' "', ".1 , '. � I. - "', the Interim until this area Is redevelopment or renovated. " - -",-. ... -I 0 - , L " ,� i sl. �, I rt, � , it , ", . f', I . Z' � - " i �, , I I;, - L,kO.",' ,._ ,. .�. t t, I � ,�, � . � : . i� _ III - , I .1 I , � , , - .. - ), ,.,. i� , I , It,, . ._1k.,- AVj-, *�� . I• . - , � ENDING SGURC : . 1. `. .-O.-' I �� , '. T, . ';Ito, i"�-'" _* ,- I - �t�, '';" : ; � . " i� _ - - " " it. ,,,-!�,� x :,. ;'I�l �4"'�' ' ;y' �I,. "' ,',-� . . - t, .., . � 4' , , , �" i�," 1;f C. . - , .1. 71t, . ,-,o'��"r." ,�.,'�;il, ", , '. � � . , , I � I . 1 7� 1 7! I ,� � Account No. 812-60' , ) ..til � - .�_, � , A. _`, 'i . - - , , , � I. 4 I, . � ," �,, I ",;,.�.,�,.�-;,; !,�,�,-�i �-"-" � 1 4 * ".0 ". 1 - -1 11 '4_!,� J'� 1� , ��, ..1'I4.I.-i"-1 i . I,,I "t'., , '- -1 * -E .. �L)-.1",,,. WATIVIA-M: ._1_I�t��, '. , i I�'�, �. - I 1 ,, - . , ��).-t,I,'I, , ,1,,,:!;�,;. i�'.,?,-'".-,.�,_. , -i�. _,� , , - I Do not approve the property and improvements acquisition or modify the offer. .� I, - 4:�",`�', '. � " ; 4,� ,)4m, :4 , .. . � I ,, �� - ., _ , , " ,� . .� ,,, , . j I . M 1 4�� r: '� I• ,% -I , � . - I - I ,). I - I 'A ",'ti,�, . I .. I. , k k, , � it., �, " � � .t.. .,A.' I , , . ,,, " 't ,,, , � -t :. i " 1 ,P�61 r t I of t - 'I I l , I , , , , , . I I I , ,. "". , . " " - I I I - ') _7� I I -,�-'., 11 ATTACHWEM.: I - ` _ _,,`I?P�o I _31.1Zt . i.':-'?,. I _: �1 * , , I , �(".., I,q, it,{ , ,� - . . , 7� � � - ;..� I ". 1 ,7. -, I , , , �'.� � . , . , . . . � I . , A - , ' e., ", - , I;, e � , , t �kt,�. it ; I I 1;f"� .',�,_ , , . �, , le�'.ilj� . k , ., 1 -4 1 1 ) M I I " k � � ., , ap ,;-" . . t , , , .I . . ,". I.J I r, - , I ; I " , i , . . - " , � , i Ito'). I I 2) Agreement of Sale -V,,,%,,F.I,:., t A I I. $,::.1 .,,-tf,��4�,.t,, M...�,,, "I' , , , ,,;,."R-4-j.,.!'l "Y). , ,.I ; 1. �it,_�- - ,� I , , %_ - I . - 3) Letter of Acceptance - r", ,� _ - k1'. ii,'�. .? ,;,S.I1,1, N i, I- I -I' '. , � , .. � � ; ,'; , , . ... I- T I � I *,, . " .r "'i , ." . * w , ii,. , `L.�, 1. .-,�; N A" , , .! -It , ; '. rq�i � � . , W I. k ., I,;..,. � , . , I - , 4, .:" - - . I . �� , " ". , . . 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' .r, .•I• �r�'',, I +�' 1f '1 �' �,j Its f? >! �� }�4 `' , 1 y ; � t - , ," ", � , q I .. �.. t •S' r l 1 1. , r .r�, { i "' r , t �' �� - '.•..,, , '. t r��! •Li �"=.,,' J,� , .��•t-li.�.i•'": • . r It C: s �17 -a�/ {� ln•1! t; L� � t`r::13 t,�r !�. '. �t� i _ t:`t y 1 ��,`rr ��t'. f (t ull.',�!' tL 1• r 4 [••,r tr �1, i , �t ~ t l�, r�!# n' t� ui% �� to 1 ' 1,,�\ •� � 11 1 ' A t ,} .,.i ;`a.+:F- r. ' •g; .-. "''2. ,:t � 1 .. ' •r l�. 1 r. �..?!) ,t�•``:� 1 F•{�t'ai .: 4't 1 r'• .r� •1 , SJ7 '5�44t- ..f, Z!", xx ..1 ..n•r..,,. Ci.7....... 4{.,.•:.,.�,i'w.l . ;e- i artil:a'ri.17Cti.....;.��.',.,(r�.......:x.'1a 1. ,....J. ,..,..f. +.. �. ... +.-, .k -... �... / u...... 1+ a�, y„r t'•r 2� f tj .1 r • . `y t I t' y•' ` rY I •' , t . (. I ' ,.i,�••T`�}si7 ,� yr• + ", �+' -, ct, F',ti '`fir' ,�.ft• 1 ' ~ 1...'tiQ r'•� 1ILJ rr ,y xp�Y'J City of r: r ` r 1 i 1' • 2Ct)0 (11.�IN STREET CALIFORNIA 02040 ` l J DEPARTMENT OF COMMUNITY DEVELOPMENT ©uildhV Division E30.6241 4 Housirghlodeveloprntnt Divhion 636.5542 r 1 • , r„, Plsnr'ng Divislon 630.6271 Frbruury 18, 1988 (f1jNi1 , Mrs. Ctiroline L. 9uri?�� • r>,t� '?`°{!"' 92CO Westmininter Avenue 490 Westminister, CA 92683 C/O Jim Lari:in Zed Carpet Real r';-tntr. 714 Adams Avenue }Huntington Beach, CA 92648 Regarding: Hain Pier Redevelopment Project Area Parcel Nn : 24--147•-01; 411 Olive Avenue t !! r F:inul. Offer Dear Mrs. Burns: In a letter dated February 5, 1988, the liuntirgton Beach Redevelopment Agency made an offer to purchase your property referenced above. We are in receipt of your counter offer to our proposal and, in response, make nu offer the Agency feels is the highest and best offer it can make at this time. Therefore, and based on an appraisal which will be made available for your review, the Huntington Beach Redevelopment Agency makes an offer to purchase your property located at: 411 Olive Avenue, Huntington Beach, California for the sum of $285,000.00, cash. 1` ` �'.r Jf p,�iNC311 The property will be purchased in an As -Ts condition; Tile Agency will pay all "�•�s►� 't q.t ;i escrow and title fees; and will enter info 1 30 day escrow following Agency approval of the transaction. The agreement and escrow instructions will be r f+,l 1•!t • r.�t Yt>> t,' ltY t drafted to correspond to these terms in a form approved by the City Attorney. s i • t;r: T. is the Agency's hope that this price and these terms are agreeable to you and that the acquisition can begin immediately fol.lowIng Agency approval. xy '7udt`a t •� fir,, s; - l•ot•', cooperation in this matter is appreciated. Offer Received and Accepted Si. cercl , Doug a N. 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