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HomeMy WebLinkAboutRobert J. Koury - 1988-06-20 t t ?/' r � ''yr,lf y l�+r(+�•j:- i\: •�i�f .r. - jr' '7 a1' t r ! 1 r''r.•11'.. F�^,C1�lr r •�r _ !. r{., �. rr• .?: I` 71. w ':�. - , .t 4 U ;' i ,i..�. ,„- •..t y y 1,r J ;r, tj..:��y { 1;•.''» .,�r; , r:. � , . + �r •�,.. •• L • ::: .; :,, , , ;.', �, _.- r>. ,tl '` :, 1 ,� 1. t"f . lei 1• -�� (x y }� , , r k• t{n ,ft;'. , :`' !. t , 11.. . /t .:: 1, IJ I 1 / , \.:.tl�a:. Rr n u r 11 t�t:1• µ•Y L 4/ 'r,5; !:.,... :._ „r, a.l •r. !^ �{. ,' �i re Y tr ',. . a, �'`.i, ,. •' ,`.7(" >>. t '..':..,j:r •v'• `r• r\f a 'I r '•i 1 ,, P } �,Y•",�', A i } f.:• = 4 f �rt} ir,. 7f f, S (. '•' �3aj+�1Nr��s'�' ', ;T� l-._i�Yt►'-'*J�t '.«:.r, ;:' •, - 11, ,f. '� •1. S - /• ,I a.. .1:. 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Koury ,r .Yn,• r. 0. Box 65176 A 90065 ` `,`�,r ' t {` Los Angeles, C . ;; ., .. 1 t ; �tt�Y; Enclosed is r;n' execute 'copy 'of Agreement for Sale of Real Property ; --It, ' '.�� trier>�,?t" ; of Huntin ton Beach for property t between Robe' t J. Koury and the City 9 p p -ter:, t X.P. 24-143-11, in the City located betwe6.,. C1 i ve and Orange Avenues, rr J1( of Huntington Beach whicir as approvnd by the city council On •;� .^` June 20, 1988. s r yr � ; J.r v u4r•yrf��, t i CrniAe 'Brockway , f4 1r City Clerk CB:b+. a1 Enc. t ol it ii r • '1 t 1T i � 17.t vlJon.:71 4,63642271 i r Ukt n'S .., y.1r!rF rl. \7 ,._I'.t` j'at i^,'+ fJ,`.','_':-"r,'�.!7 r 1;'L��.fr.,y'','_'•.,,,i..t.�.t, .'a'�.t r�,1 ra)}\ 'ft;,Cl..!1rt1 rr,, {�,...Ja,.,.^ { �:ti»Y'1rI tI rf.ti�k, �/5'tt:!.,'4 j>.,;',/1�'>"I f r.�.tr;'rI•P•S,af`"r.^;,I;":t. y 7')!.j��7 J ;!{ No 1� l ;y,T,rtf.t y}.L t,l ,tIS �� ;€� ?.j }•} ,... j y; y 1 4�1:- t, >° -c ,S tii Y:•�` � y• Cyt�'1 if{ y'� l�!�y'...,�4 ,yyi { y rr•, •t JI tr ;{ r rn 11 ,:. r ,�._. .r� �' 1�4,•` ^ ,l d;i ..:r?,' :1[r-y ! i�Ik` I: r•7l�• • t i '<`'t'i "r' k% ?, t !�1 r � ' 1 V tiy't`rt^- ri. 'f jµ:�' "� " ?1'1 ` 7 t'f:i 1. 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I�.It,ij� .., 1. �1)�f" 11. i ,.,, ;� . ., 1•i .. f � �,, }� / L. ;,�' ��` .. '1 '[ .. 1 {• � 1 ' ', r' •!,i ' Rf� i r\.t,'. �, i' ' ,ri .i' . Cl, .., •• 1 , t" tts L S ►r y i+ o:' 7 4 ,: .` y.'1 . ,��{I.� '�i '/ 1,t• -. !1, .,. J r a• - r{ tr �(�r, fr t,'(�•.'r ',fir jlj1: t• I �y, � ;' 'rh .'1 .), �: �• -, ,-.' � !� 4• 'i It i, r rs7 •+ 4 '-1L n '-r :..,r, .i .'..,,�. •. .::n ... ;r ..4'r�t, ,SJ.rf .r.,,; .�- } -.1 r. � a, _ t 'l rl _�rf� �'i 1? ,� .4� _, ., _ S, .,r. lv ',•.,,1r l'"1 a i•'{�:, r. •if- 'f !: - 4. ��' i. rff i i .1•,44 . r �:,[, ., „ t ,,:• �, t r<r,- ,� r t �i �, :':{ Y j --:�, •; ;`- .• , W.. �{-"t••+ ',; .: J• 'v1 �p'{7.-vi. ., r -I1 , �� 7 ,1: .v .> J:. t' .i. t+f 41. J/ �•`M � ' t,.It[y ja:.- ':?-• . 'ff' T,' �i4�M:�'t�r [ .t;�' •r , - 11�. 's• A- P- -lie, r, 'i 1.' r+a �. •.tr pi 'tl .N p,( ;!' ' j 1k i,.,}4',_ T .: tf► r.'., '... 11..Cr.L.....:..+,„ t ',�`.1'�y'f,, 71,.. , y W:1,'r. hw���� 1 •- ''4.� '•rl s3t1, l2-! .tl•a , :C�"l1 �0 }�7�' - � REOUEO FOR CITY GOl \ G AG►TION � �' w� •t�,d{^fifti �i'���X,�.., �t ;l t RH 88-29 �► , +i , : � ,. "+- Yc t� Dato Subrnittet' to: Honor able hinyor And City Council Members Submitted by. Paul E. Coak, City Administrator ,af C i' Prepared hY• Douglas h. La Belle, Deputy City AdmialstratorlCammunity Development 11 Subject: AUTHORIZE THE ACOU1SiT101V AND APPROVE THti RACT Ol"SALE Mi'1?' r�, 31 rrf' 1;OR APM 24-143-11 (KOURY PROPERTY) hPtitbVlCD 8YCITY � �r }'r M' ,`r C1TY COUNCIL s r ,;,� t,�,>: •,..' { �•,�' Consht+nt with Council Policy? y DQ Yes [ ) New Po!icy or Except n r 5. ' ''►"t : .,tatement of Is;suc. Rocommendatinn, Anal ie, Funding Source, 9 Alternative' i� il_ equll1" r.Lt:lt 1'1 f•� tiT `•y,M�r��� z�}�iy, 3 IV The request for purchase of this property is In accord with City Council/Agency action work .o purchase properties on a willing seller basis in the Main-Pier Project Area.. The atAgched Agreement of Saie re resents the purchase b the Cityof property owSted b J` Robert J. Koury located or, Main Street beteen 01!-te and Orange Avenues to allow for tine constiffuctton of parking facilities. Authorize the acquisition of the property owned by Robert J. Koury(APN 24-143-11), ;;b t• ' applroVe the attached Agreement of Sale which includes the following points: K M . 1. The 'City will purchase APN 24-143-11 legally described as Lot S of "� til"`'� •t+,� ; a�;+ '�� Block 304 of Huntington Beach tract and all structures thereon for I ° the purchase price of$197,500 which Is the appraised price, ', ,{ Lit r't:1- ;� .>'• 2. The City will pay all title insurance Pnd escrow fees. ! '{• ` ' 3. The City will provide a letter to the property a' er't6t the property 1�{� is being acquired under threat of condemnation. so rj <;€��``tyt' 4. The City agrees to a thirty(30) day escrow or lees. `Y i• , ti; x�`,ri ''�`f r;;'f'i'�//-' 4.'fir 'lr M. (f i r . t, r�4�rtrt rj,l1�rX4' tq r.yo 1 ! ; r + PIo Ste 77,1•, r , ..,, r•...'r..n�r.w•,.r.lr .. '� ,a�'� J,,`t<.ir.+ r' ty�i�,'.ir+ �:tr'L r t * t� r ?1 l' Iti C i4� ,r'� •,t}. '' •, ,� ti� �,i r re 1:�' /[ t r7.;.{ + �<� ice' 1/ 'Iv 1 L'" r r� t 1/r 'tY , ' 'w, r, j ,1 � ��L, ��+�, . 1{-,t'+ a{Si Cw t 1 .� 1 / : �l t. 1 rt +,, 7: irk' •.�';r { 11.. 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Frt.Tucl.:.,. :r..r:.ei;•i'.:i:.ien�� t,.L� •�.;�r ;1; .. r��n.{ of ., +:.,. ,��� �'.J� S' �. ,�L� ..",._:it.,_. �... :_._.,.,..:1.. .;_�,i....+ . . . ,. � Rft .F kt�B � )1S�i7 ,, M1r� �x_�k1^ �• ��, t`M1- •T � ' � � •�] t ••�J t ;� � . �i r,'••;irLT•T•� �� '1 r � ,.il � w� r'• x • � ) ) l Yf 1 r1► ALa.I�la� :tlt� `' 'file City Council/Agency has Ruthorized the uppralsals and negotiations for the purchase �f properties to accommudate construction of patking factlitles within the Main-Pier ;th{'i' .�:i ' ,' r fix.' Prof ect Area. The City's property acquisition consultant has negotiated with the property x� '�� ; 4�x`> r;• i owner to purchase the parcel and improvements. The City's appraiser has indicated the i ''•' L42tt 1�s market value of the property tc. he $197,500. NVe are recommending the City Ppprove the 41 t acquisition of this parcel at the appraised price of$197,500. BINDING i7]L-S[•llMt.• t ' r�Y`b5 Y•• � c ri• t r. y :.'7 c ar s of Participation Account 710-701 r r ,., r * �T�TERNAT1VFLACUM. ' Do not appmve the land and improvements acquisition or citodify the offer ` , `yJ r hr t 1 ,41 �x',:.'y1Y , 1 t �, I �r; r•+ �� . ' �rirl�",.litna',YM•,`?r �;J. 1 Map of property 2. Agreement of Sale 7 p� 1 f =Y �; �' 11.r R�1 •• '• D LB:ip �t 1 Y!Y •i� I7 -``>���',7S r` ram. ib • ,}�, , 3952h , ��A rr 1. 1`'ri•�rt ° ki � i'0 4A �1 { ^T�+S[ 1 r i� •i f LV (( �� I7tr rr�ai �w�'1 { 1� Y' �` } �a •�St T,t:.. ' C r 2`, ii #y,•,rJ is J�l ,fit r�� i l '-v f.j: % i�1 �tt r or iTri"t .-Rq•L•.., ;. ' s� f . i ;, -. i.tar , •'.r ,.. ,. ::` �S1 '�� tr! 'i. ' �y/•ri i,`{•'{! 'r.y�l r, 'l''�r� ''w,��r,J " I lt i J• f a.at �`....{-, } M1 .'; :,;•Ii,;,.� , 113} -:i�r` •_'' r j �Ir r.!{� Jl�+f,4 i�+;[.Y�.,/ i, {i� i, �41tf 1 - �. Z-1� ". 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' r .r^+ '� lr "�^�`y�• 1Y" rw �,'�i rrX, i lr hl ,� J�;S, Vnl� 0Xrjr v'11 /� ♦♦r 1, , i i)4.-..j! .I ,•„ ,: ...... ;k.; 'TJ ,;.,., �;, 11 �i7' -� ' ;, arl- � �',.1� i j j�,.• ',,` . � f ='�'al }. lf''.�L,r r !iJ S.t3r_ Jr` rt,� r f.. '. '' ,_ :.,:. tj A_ .:... '�{-r..,.:1' .-`r'. '•., ..,. r. .,, .: •l• «�. .',`:. Cy. t}\ •F�'�,, r ,, .�S 1�y„�, ''tn"r' ^'�►' z..:l. ,, ;i 1�.,. ,� .,.t{'.• _�:.,t �•' r �, y;., i , � i �1 t" ':1 •s (p .9.: ^•��',+`� y., l.1. '; ,. ,;'14:, y.. ! I J ,. . r ,i;i. ,: '/. •"s ,, rt, �„ ,"� tt� t �^ a r Jr, `a 'T1t� •�� +►Y r� � 1` - .: i 'FF , 11 11 `J ' (ri if ,571 PDX! • j jj� +t'iJ`.W r.N .•.�.�.'t. ?.l. ri�- r, S�'y r AGREEMENT Cr'OR SALE. OF REAL PROPERTY a 4�, I° '' ' 4m,;, 1�:� ( � *;_+ r rdi BETWEEN ROFi:i''; J. KOURY AND THE y���.EY,�t�+�i` `4tr, t' ..({ CITY OF .RlINTINGTOtI BEACH 0A� This Agreement made this �-� ffu day of J____ _► �j �' ; 1r r h ti a' 1908 by and between THE CITY OF HUNTINCTON BEACl:, California, a i , municip4l corporation ( "BUYER") , and ROBERT J. KOURY, ("SELLER'% for the purchase by BUYER of o6rtain real property. .11 *1hereas,, SELLER iE the owner , in fee, of certain real } n*C �� 'r yy property located in the City of Huntington peach, California more fully described as s ' Lot 5 and the Bout`6weeterly eight Inches of Lot 7, ''©lock 304 t.J,� t �M• `""f*"T' rat 1" of the IHitntingten Boech Tract,. as per map thereafr1recorded,An Book 3, Page 36 of Miscelleaeous Maps, MEcords of said Orange =`'J ' �{•' ,` County, Californiu. �'�1►3i r' ' BUYER desires to purchase said property for cash and SELLER Z, ' I!� • `' , ati..M ")ry "• , desires to sell property to the BUYER: - �� ` NOW THEREFORE, the parties agree as follows. , {�t 1. PURCHASE PRICE . Tile. purchase price for the real property `K is ONE HUNDRED NINETY-SEVEN THOUSAND FIVE HUNDRED ANG NO/100 ti. r _ DOLLARS ($197,500 .00) ; '' 2o, ESCROW. BUYER and SELLER agree to execute the escrow R instructions and do' all things necessary to complete ,said escrow t ,• t7. in conformance therewith as attached hereto and incorporated herein by this reference as exhibit "A" . .w, 3 . CONDITIONS OF CLOSING . The close of escrow is A Y : conditioned upon: • d a�rke table title d m a. t,onveyancK to the City of go od an subject to the approval of the City Attorney. {irk SSfr ,.y�A J iSr stt)41y4S! 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(,. ^ ,�• .L _ •Ill. � t �.,. ) .,: ..• r fit.. .,t I � ..: , ., ,, , 1#;.., ;, ., Jf ti � •�• :- •X' �►i. �`" - ,r , 1 r,L ., • _. .. `f.:�+ - „i fi j Ff.. .tJ °- ' ,I .Fj p'.:.• r t"`1'% �.1..»....... ...�..-_-a.r,1 • �[QQ` � C1 ���t� '1• S t`fy 41 ,;lt, ��° C)'t 11+t')i+[•r� fv rl , !� J y Delivery of California Land Title As (CLTA) °- i • , r = a7 k i .`} title insurance puli.y in the amount of the full purchase price 1 r, ' t ;' subject only to such liens, encumbrances, clouds or conditions ao • S• may be approved in writing by the Citp Attorney. ` ! rs �{n, r i •j,i1���� ,�" •j. C. Delivery of possession of F3a:±d property to BUYER or } } [ ' R 7), ` •',' {' „ r�: _ts nominee, immediate]y on close of escrow, free and clear of all ct,• ��it�, r uses and occupancies except as BUYER may agree+ in writing. p •Fi ,.! eft <S tYt i r-', d. ABBigrment to BUYER of all rents dae pursuant to each f i i t I L x ! ��•z r rental agreement attached hereto as Exhibit "C" . 1'!�a����i,,rf� ,��?"$A t !j. _` Y 4 . FAILURE O CONDITIONS . Should any of the conditions F .,4; specified in Paragraph 3 oL this Agreement fail to occur within ; 1 thirty ;30) days after the dale hereof . BUYER shall have the '.tit' • �' r r * •. f: � .- + pOWer , exercisable by BUYER to giVe written notice to the escrow holder and Lo SELLER to cancel such escrow, terminate this31 Agreement and recover any amounts paid to escrow holder on account w r�,''�'•S �; 1 tr�C�:t �`{t,l ,... of the purchase price of said property . The escrow holder shall J{�+�r ,t be, and is hereby, ftrevocahly instructed BY BUYER on any such `�► 'r'.�r�l ," �;� ,1 `L failure of conditions and receipt of slich notice from BUYER to ! fit` ``` ��`' ` '''• immediately refund to SUYER all monies and instruments deposited { ; }'* by him in escrow pursuant � this Agreement at BUYER's option only. t ` f. PRORATIONS. Insurance Insurance Premiums, and � ,�'ti' Possessory Interest Tax. There shall be prorated between SELLER 1 r�''`r i�.;Y Jac �'t�(rar+•�Y;; �'�. � . t 1 i`SS(!• '� and BUYER on the basis of thirty (30) day months as of 12:00 r _ ,t�^y4~yam r f.r �.flr SYA y midnight Pacific Standard Time on the date of the close of escrow r. a ►.', � pursuant to this contract. �, r ;�'S Af•1!S �r L r r r �r 7 �, K 4• , a$` yr as Real property taxes levied or assessed against said =r,. gilt•-` rt+.i property ( including any water tax or cater rate levied against 'j'•. »'�"�+�' ' said property for the furnishing of water thereto) as shown on the ' t. fr:�• ( r A t� �,t� �� 1 s tit s till r � :t r rr �.w�r, � fi Ott,+�,! �•�Y,'� t j �r,Y= ,: L a _ �[ �, `l�., t. 7 y..i. rC 'I': ,t, _. ) r ,--. ✓ '..S Vti lr ) , 1.. ' .` ' .tit , r:. ( �. 1' ,1Y"• tT`•A �' .' ti tit r'lyy/1'r, ,t S 1�1..♦ :T� 1 ' J r�7 1 'S.[�t� •4..1 c. • .�' �•' 1:'. `rI -i ifs ,'� 1'. -�S •1) ,�:,'•F', :u:� t - ^t-i . , 1 Jl,r`�,ISty rll _: �.' • r �: � >!• ' yy.rfIh f . 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(, �t, t � }' ;:r(�1�.SS f• y t ! ,a' +tt +'� .'Jl. E s :'., is•':!J'. , k:r .-„a \ i ih�tl jl ,i tt '' : It , a •••Yf t f'' rf r• .{� � a :;� c.���I ,F'. - +;( i r � ,1�, r r r 'Y��t.' 'r•�e IS '1',.i 1,yt r iy�' r71 ' .l"�+,.!r ,,,� '... ia;l r n+'•� ' '{'i tt T,L-;. ,� '', � ,3�� t t•.', �.`,ir �� t'••1t{� t�` r�'+!"c ate ",, •:: r + t� ,+ ; � 1 � r �v1Y( �t�. r + tr��,, � _ , ( + ,.� ai,7,.. J i.., ,;o!4 r t�.� ft �f 1J}• r�� -•1I 1� ,.i , �,'+• 7� .l`� yY' ;1� � r Lr 5+ r .st .J:rj (� j}r+. • E {, '`h�i� �tt r �11. ' ,a, +t-1• tl 1 ( 1 i. r,t t� / •r• i1. c'rt !r '1 1, f�.,t(./'� ' r ► �►�. Ll ! _i-is 1� s 1/ , ,s � (S fh r /iT r~jt�, f., pf+..� lP.! .Jjj r, `�.I( � r ;� � ,"lhr,., t 1��:.1,� � .. r, ..•tt. � t1,1�., Ij .r I. '� �f 't� ,�Z ,,11�,1 �G: � ,' 7 .t 1�' r:! if JFr�, rtfl at r( t r'r {•rij t �. ry�'t \ •ac t 1 �i r i -(t ,.J�, r t 11,{/ 7 �. } t ., t` y t , rtzjp(� ., i01 Ti 16, r r ,•, ) r? I y� ��1,y�i • _ ,+ ttj ; +�,�✓ C 1ha 1 t f'�i + a, � s�X•' t,jam.. �'• '+ �" latent available tax bills. The County of Orange by law willMill �'; , +•h S+Ft?{`��y '_YN r h YT '}'1 ' iL1S1T`7S�J'= refund all tax paid by SELLER covering pe.filriods subsequent to title n7l � 1 vesEing in BUYER. ` J � rY y { ; T, b . Premiums on insurance policies acceptable to E3UYER i,nsaring the Improvements and buildings, i any, on said property " r� � ,�,r ,�f►,��, against damage or destruction by fire, theft, or the elements. 7 . BONDS ARb ASSESSMENTS . Hny bcnds or improvement assessments which are a lien on said property snail, on close o2 escrow, be paid by SELLER, except those liens imposed by the City VA { 4 of Huntington Beach or the Redevelopment Agency of the City of Huntington teach, 6. H120KEFZ I S COMMI5SI1aNS - AT70129EY 4 5 FEES. Any alld all ry -ji fin�ets fees or commissiona due to real entat:e or other; b 'o,�eks 7 5' and all attorney 8 fees as. .A result of this sale of said property: 4 9hall be paid by SELLER. . -, 9. EXPENSES OF ESCROW. The following expenses of the escrow dsacribel3 in this Article shall be paid by BUYER: a. The full cost of securing the title ihodrance poAcy described in this Agreement , �.,• b. The cast of preparing, executttig, and ackliowledgi;ng ' r 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 grant deed required to convey title to 'said property to BUYER or hi-L nominees as 1 r ement. ' th is Ag reement. ed in th �. des�.zib 9 d. Any escrow fee charged by the escrow holder it, ar addition to the cost cf the title insurance p6iicy. is -3- 7 r y l.,,r ,4 ♦ ryy^�'1bt (rrG ''r „�fl. (� t3 I,�ri ' " .t}L stilt• 1 '� h r f r1f a # f.f ,� ( ,�t r +y ' !4' � '{ shy t >�4,,,i1� ,•, 9 ( � i i+ , M ,�. .�+�'��1 .' t � , �`J ;J�'7#�•�)�Fs3����{�+t.� +`'�'tliS�!'r�t(f��'rr'r l"�rf�'r'�''r. R r}. '�' t,,,r A i y,Ir+�;jssrsr.�I � ,�ii}yr'>�lf•1� t q•1s' ,(1;, +� , � ��r• .�..�. r a r'y`��tJ r J r�tt�,+� ri "'�. t S,Tt r1'� 1:.�r hs !� ,.+�t�r�� t r� ;tt rY , �{• t S„{Iy'4fy�, 'Ftt ;,+t r � r,�( � a{ yw N dL'y!,F+t:S�(' 1�11`'j (L+�f'j`((•�"[`v +�'ii�('a.r ' �i1N��.1�(�J���f ,` i',�, '• � r71'��i'y�. 1 �'(� My�t ��YF`I� 4��tSti� f(r i{I Y• �\s�/.�� ��jl't, • �r�� �� I .S t'ft `� I �,� rP� �.C�iT t .'tr rt� 1� �t•t�t C' �t• f,�ttii t �'' � �! � ti=I�1�' r >` (, al�S��.sr(rl� '^•tl r�I•Kf r i��7,.+! .c}r,.til i`. tii r '1 1 ` 4 S 4 a• �. -�t y1 .7�'r . 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'.` F (tlri' ti) - t� r• 'i , .r ,.i.•t,Y . ..:.lr', •,rt; v I3. I• I� f, t � 1 «• .,. t, oar ,� ,.,tr, t, t ,. �• rt /r F� k It t', �� ,t: 7 �' 1 S .� " ,! '+ '' t.�1'�i:y ' +r,•c �'.: wi�tr:� .l f y�yjt t y/� 111 yr �">r �'+'.� t, .'•,'_ '. -t •,. r: _. .'r f •,. f' YY t"ti .t 1{ 1",i•`)c ., J, �•. } ....:.... t. ,:': It .'� ,• -�1.-t '3 .�.: ..1 v �. ,,..L. •..:. ,+.rS1. ,i•, •,,, k .r:•M :4 1. ' , ' '..1.r - - '.S •�t � (�� '. .._� . �f, 6 [.,� f "�� :. :�'•.I E' .may :.._+ 'S"i.:.........t ..,_L.7..3•'t_..�..w.l.....L."-..-.._....e •5.:,•.} ♦ r......- .a.'rrt.9..__..,.. „-.,_::., ., t�.. ,...P >1 ,��,�,� dT r.,. t, J}� ,f 7. -:) t r..,_�� ,�,,-. �'r t, t�rj •,'. i;V. t'' �,�bra t 10. OWNER' S REPREEENTATIONS, COVENANTS AND t�ARRANTIES , As an express condition precede.i�: to the Close of Escrow for BUYERS ' S, t '+r ' ,�a`='T�,` 'n i " benefit, and in addition to any other representations, covenants `1{ � 7 and warranties contained .in this Agreement, SELLER makes the �l �s,�;:� � t:t , f+ !>t r t' �'� .� following representations and warranties, each of which is true to XIt a` ' all respects as of the date of this Agreement, and shall be true t� {r ��� `�,s� 4', ,►�ts � �. �. to all respects ae of the closing date (as def:,i,ne 9 in the Escrow . 'r a♦: c"'ts� 4 Instructions) : a . Authority to Sign . This Agreement and all the tr I r � �,�{ -�� •- F documents executed by the SELLER that are to be delivered to the �;;� BUYER at closing arer and at the closing will be, dilly authorized, r + executed and delivered to the BUYERI are, and at the closing will x in t •a h l..t2C1, �. ,! 4. s ;, ? +rf��� ,t, rr•� r,.. be, to the best of the SELLER'S knowledge, cuff ic.tent to convey s ;, a �,'�t>;>Yi;"x � title if they purport to do so; and do not, and at the closing f►,�U`'}i x,�r;t,� � ' y,j��x ,' will not, to the best of SELLER'S knowledge, violate any Irti r,70'.1; tc� ry �.I�.' f•. ;.+Jl. 'rj. tea !•i�' provisions of any agreement to watch the SELLER is a party or to ?; � ; w K.,•� , t� � � �rftt w3 f 3 r "t� � �r�ri. �• which SELLER is subject, including without limitations, ary prior tt f i. o lions► p � 'uichase agreements and/or escrow instructions. 1 E. P kn :��Et r•7� �li r�.t.i* � �. �; '• ' '�' �`"� ;'� b. Existing Contracts. At the closing, there will be � `' '. no outstanding contracts made by the SELLER for any improvements , '', �,1 I,r a J� b?w h ,r t ; '•'� '. I n Y, 1 �., to the property that hs've knot been fully paid, andthe SELLER . r t n+ �f shall cause to be discharged ( in such a manner that the Title ti !�f}:��13r�`"'.. t��� �' L'`or �t' 1fr�t�s.�• C"' Company will not show the lien(s) as an exception(s) to title ry�,ycr, 'r✓ Iti• , _: ' ,. 7 i'' i IptFr, * rr under the Title Policy) , all mechanics' or materialmen's liens "r• r�`,.' }'x''� " y •>'Q, ., arising from any labor or materiala furnished to the property ;. prior to the closing . � U� f, t, ` c. Title. SELLER has, and will convey to BUYER, good and marketable fee simple title to the property free and clear of ,',s" k S� s ? .t }' � a� t q,]• t IC 4 Y ..+f� ':-•`^,.I a.,{: • ,, '_al •YOir. + •.. 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I ''` 'Y} +� '' ' .. :r"it .j' •1.�}{t�tV�) .c� �.r e�1._ �Y'��� � ;* ,;lF' r, - •, ' 't11: ��•i :;, .a :.K'- ,Si , t r4'- - .� ,� ( +„ i f w' � y ;r �'! f S1. ,.�V �qi r i'•vi�Yl ' w 'r t..f_....-f t .,.. r, ti �iy �' '�••r , �' �l r �. .Sv ,j �f, "'i ,��:: ,''i�+ xr' " —0,j 1 ♦y 1 ( ;.,i♦ �� I. S . •t, 1 '.i, tV. •. r �1', is •.fl1i y 3 .,y'rtr �Yt'' {' �tJ./r4• t "i���•` ii},`t ,rl' 'ti;. v J]�, I t , 1 4. L ! 4 �' r;7 all liens, encumbrances, claims, rights, demands, easemehta, y4 �ia,fi, j, tr '1, rti y4kT tarp t ,leaues, licensee; agreements, covenants, conditions, and. tilt,"`L. rL*strictiona of any kind or character (including, without limiting the gencralihy of the foregoing, liens or claimn for taxes, ; r� ,lilt ` } { t'•1t�7.ti � r ' 51 r/,��„t i, ' �F1s��� i�l�' t ~tit.�71 rR mortgages, conditional sales contracts or other title retention ; agreements, deeds of trust, security agreements and pledges) L t1 1c; l t S +.i' fi+lr,r "' Rr y t` except for those exce tsons to titla shown assessor 's ,f ,..�, '�; , : 1 p wn in the . } "t rl T't,°e r r r ��r•1 t t t w+ ri' r :r�i � pdrrel number 24-143-11 Litigation G'udrantee as item(s) 3 , 4, 50 b f t► ��` jt. ''+s 6 7 attaches hereto as Exhibit "R" dated May 9, 1988 whit1h shall F L tr � !t � t •''" - � +., be teplaced h' n title insura'ace as provided ete e ' ,� r.���_i, Yy, •�,,- .:�, �' p h in .bob a during F•= �����, ��M•J �� � to _J' ' 13 fir �tl� � �, eacr♦ow hereof . SELLER shall not encumber, modify or dimink'ih � / t title to all, or any portiwn of or interest in, the property without hbYER's written consent. , r; F�' t , L�(�h;+�`'�r d. Litigation. SELLER is not in:'blved in , nor does SELLEV have knowledge of, any claim, p 'aceeding or threatened r litigatioh, administrative or eVernmental proceeding or �. }� �, ,♦ � investigation, relating to or otherwise affecting the property or the ability of SELLER to deliver good and marketable fee simple 4t S; title to the property to BUYER. "• e. Tenants. There ate no tenants on the property except those approved in writing by BUYER attached hereto as Exhibit +' }� f. Hazardous Waste. Neither SELLER nor, to the best -of , t SELUR's knowledge, any previous o%4n'er, ; tenant, occupant or user , K r� of the Property used w 9 , � {{ p y , generated, released, dischar ed sLolEed or , disposed of any hacardous waste, toxic suL 'tances or relatecN ! S� materials, ( "Hazardous Materials" ) on, under, in or about the � L{ Property, or transported any Hazardous Materials to or from the 5'. 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S ,,� r �,;'y fr;�,:.�,+. �: ,Y;`-•,j •!► 7t i,iri ,r. 1 .1''. !`i �. r -'�t, �•r` i 1�� :�' tS'•, ��:,=-;r 't,.(ts t �' ., . 1 � '7 �` ,ri; •�' �(t`.h,':,t: !#,,t, rL . . '� :.) ,,,` L,..a, y ,}�'.' i �•�.:.,,,'it '... ' ,.;i. t� ,ti t. - -S ,i ,1 ,.. 1 a .! rr ,.. �' :�; ii t; ri �.�rLL,, ,,h,: y;-;.�•, .. `., , 'I(c��r•. - —•i ��" ,. r4 �� :�:,..'C �'r: r yet✓ '� �: .y r�g� y �, C �. 7• ;.t {1, !s, !L `_i: ( _ .I f J i_ N' '�' t"rS."�{• '� i'�� -`ttrt i^ r: j (�+,��j •� �!•'Nr'V��:I{. r 1iY �,� .�, a � .'` Y•1�•'�^'�� ',� .,. � � '� t� i� ••' I� Lt tr C fl-1.11, Ora I r- :Oil Fo n 1 r pro ert SELLER shall not cause or rermtt the presence, � i { k ti�r,i s r'�q/�•t (1r^ p Y g usE !t 7 enerationt release, discharge', storage or disposal of any 1 Li ' or about, or the cransportatiun Hazardous Materials on, under, in ,r ; , :1 �Ji. ,•a , �" 1rCh i i1*r tS !el ( If' al:, �,�•t` of any flakardoue materials to or from, the Prc'perty. The term 1 1 ` "Hazardous Material" shall mean any substance r material, or waste ?(�� r �� ,�, ��•:; , '�•,'rt, ��i k '�!r t � ,'It�.j�i?c��►��1��y��r�' '� ' -iZ' , � rr.; �t. '� which is or becomes regulates? by any local governmenr.al aut.Zor tyr ,' Q] the stave of California, or the united Strttea Goverrt',ne:tt, `` r�yt���`�'" •_� includifig, but not limited to, any material or substance which ih s " " 4Px4 rPmeiv hazardous waE�Fe" or ;! iY�r �; I�tFy,k ( i ) de£.tned as a hazardous waa4 e, �(t'x'r;U / = ita� �ti "restricted hazardous waste" under Sections 252.15 , 25117 'or 25122.'i , or 1„sted pursuant to Section l35140 of tit California `y Health and Safety Code, Division 20 , Chapter 6.5 (Haeardolts Waste i , h ,i tY i zrJ rite t e " fit '?' r ,i' t+•r( Control Law) , ( ii) defin'ed as a "hazardous substance Under 7. 4+ex. � �' y'Fx � Section 25316 of the California Health and Safety Code, Division w•^ Y>�r � '"� c p 8 (Carpenter--Presley-Tanner Hazardous Substance ( { 20, chapter 6. ItAd. Accbuht Act) , ( iii) defined as a hazardous maste 41 ria ," ''hazar�icus alibstance or hazardous waste under Section 25501 of the ' �+` d Safes C6de Division 20, Chapter 6.95 California Health an Y , ; r 7dir' r1.Haxardous Waeexials Release Response Plans •end Inventory) , ( iv) ±, r ,r f ,. 4�1y, tj0. "�. n I.. defined as a lazardcus substance tinder Section 252$1 of the r1 a California. Health and Safe►.y Code, Division 20, Chapter 6 .7 (Underground Gtorage bf Hazardous Substances) , (v) petroleum, (v!.) ' asbestus, (vii) polychlorinated byphenyla, (�i.fi) listed under '` Article a o. defined as "!taza: daus" or "ei:`t emeiy hazardt,�us� purs'4ant to Article 11 of Title 22 of the Ca'LifoY:kia i� Administrative Code, Division 41 Chapter 20'rr (ix) designated as,r a "hazardous substance" pursuafit to Section 311 of the Clean Water Act, ( 33 U.S.C. S1317) , (x) defined as a hazardous Oaute Y `# .*+�-ems. •, /.y, ter• 14)'j 1{ r1. 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