HomeMy WebLinkAboutOcean View School District - OVSD - 1982-10-06 0
AGREEMENT FOR EXCHANGE OF REAL
PROPERTY - OAK VIEW PARK
IS AGREEMENT is made and entered into this jt day of
, 1982 , by and between the CITY OF
HUNTINGTON BEACH, a municipal corporation, hereinafter referred
to as "CITY," and THE OCEAN VIEW SCHOOL DISTRICT, hereinafter
referred to as the "DISTRICT."
The CITY agrees to convey to DISTRICT the property described
herein under Exhibit "A" and DISTRICT agrees to convey to CITY the
property described in Exhibit "B" . On the basis of competent
appraisals the parties find that the parcels to be conveyed and
exchanged are substantially equal in value.
NOW, THEREFORE, the parties agree as follows :
(a) DISTRICT shall execute and deliver a grant deed in a
form satisfactory to CITY, conveying the property described in
Exhibit "B" to CITY.
(b) CITY shall deliver a grant deed satisfactory in form
to DISTRICT conveying the property described in Exhibit "A" to
DISTRICT.
(c ) Simultaneously with delivery of the grant deed to CITY,
DISTRICT shall provide to CITY a standard California Land Title
Association policy of title insurance covering the property
described in Exhibit "B" ; and CITY, simultaneously with delivering
RCS : bb
9/22/82
grant deed to DISTRICT, shall provide DISTRICT with the same type
of policy of title insurance for the property described in
Exhibit "A" .
(d) Time for performance shall be within thirty (30) days
after notice of written approval by the Department of Housing
and Urban Development to the transfer of interest to the property
described in Exhibit "B" and release of its restriction on the
property described in Exhibit "A" . This agreement is subject to
release by the Department of Housing and Urban Development of all
interest in the property described in Exhibit "A" .
(e ) Taxes, if any, shall be prorated as of the date of
recordation of conveyances .
(f) The parties agree that either the County Counsel of
the County of Orange or the City Attorney of the •City of Huntington
Beach may act without liability as escrow holder to hold and record
deeds in accordance with this agreement . The parties alternatively
agree that the title company issuing the title insurance policies
referenced in (c) above may act as escrow holder to record deeds
at the time insurance policies are issued .
(REST OF PAGE NOT USED)
2 -
IN WITNESS WHEREOF, the parties hereto have caused this
agreement to be executed by and through thbir authorized officers
the day, month and year first above written.
CITY OF HUNTINGTON BEACH,
a municipal corporation
ATTEST:
B Va.
Mayor
APPROVED AS TO FORM:
City Clerk
REVIEWED AND APPROVED : `
City Attorney
Adminis rator INITIATED AND APPROVED AS TO
CONTENT:
i
BOARD OF TRUSTEES OF OCEAN �D to , orhrfiunity Services
VIEW SCHOOL DISTRICT OF ORANGE
COUNTY, CALIFORNIA
By _
President, Board of Trustees
By "')
e.rk, 156ard of Tru tees
- 3 -
EXHIBIT A
The south 330. 00 feet of the north 990 . 00 feet of
the east 310. 00 feet of the west 330 .00 feet of the
Northwest Quarter of the Northeast Quarter of
Section 26, Township 5 South, Range 11 West, as
shown on a map recorded in Book 51, Page 13 ,
Miscellaneous Maps, Records of Orange County . Said
area comprising 102, 300 square feet .
/0.2 J3000 @ (,,sO
POR E 112, IV W 114, SEC 26, 755, R l l W m- 37
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EXHIBIT B
The north 430 . 00 feet of the south 1090. 00 feet of
the east 460 . 00 feet of the east half of the South-
west Quarter of the Northeast Quarter of Section 26,
Township 5 South, Range 11 West , as shown on a map
recorded in Book 51 , Page 13, Miscellaneous Maps,
Records of Orange County. Said area comprising
110,825 square feet .
Excepting therefrom the north 330 . 00 feet of the
west 263 .56 feet .
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TRACT No. 87C3 W. W 369- 39, 40 PARCEL .NJMSERS SCCR 165 PAGE 24
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