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HomeMy WebLinkAboutRuth Wolman - 2016-07-18 Dept. ID ED 16-13 Page 1 of 2 Meeting Date: 7/18/2016 r CITY OF HUNTINGTON BEACH REQUEST FOR. CITY COUNCIL ACTION MEETING DATE: 7/18/2016 SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Fred A. Wilson, City Manager PREPARED BY: Kenneth A. Domer, Assistant City Manager Travis Hopkins, PE, Director of Public Works SUBJECT: Approve and authorize for execution the Agreement for Acquisition and.Escrow Instructions with Ruth Wolman (APN 142-081-27) for the purchase of an easement for street and highway purposes (Edinger Widening Project) Statement of Issue: The City Council is asked to approve and authorize execution of an Agreement for Acquisition and Escrow Instructions in an amount of $105,000 plus $2,500 in escrow fees for a total amount up to $107,500 between the City and Ruth Wolman (APN 142-081-27) for the purchase of an Easement over a portion of the property located at 7902 Edinger Avenue, Huntington Beach. The Easement will be part of the Public Works CIP Project— Edinger Avenue Widening. Financial Impact: Funds not to exceed $107,500 are budgeted in the Public Works Edinger Widening Project Fund 20690013. Recommended Action: A) Approve the Agreement for Acquisition and Escrow Instructions between the City of Huntington Beach and Ruth Wolman (APN 142-081-27); and, B) Authorize the Mayor and City Clerk to execute the Agreement and other related documents; and, C) Authorize the City Manager to execute any other related escrow documents. Alternative Action(s): Do not approve the Agreement and direct staff accordingly. Analysis: The City is proposing to widen the south side of Edinger Avenue, between Parkside Lane and Beach Boulevard to extend the existing eastbound right-turn lane. This proposed right-turn lane extension requires the purchase of an easement across 7902 Edinger Avenue (Wolman Property). The Wolman Property easement area is approximately 1,050 square feet. The City has completed all design work for the new street improvements including asphalt paving, curbing, gutters, sidewalks, driveway aprons and landscaping. All improvements will be constructed and maintained by the City (see Attachment 1). The improvements continue a previous. widening of Edinger Avenue associated with the development of the adjacent property and as HB -151- Item 12. - 1 Dept. ID ED 16-13 Page 2 of 2 Meeting Date: 7/18/2016 identified in transportation studies to maintain a high level of service for the Edinger/Beach intersection and facilitate improved access to Interstate 405. The City appraised the property including consideration of its location, highest and best use, and applicable zoning. The property valuation was also determined through review of comparable sales of similar commercial land within the City such as the commercial property at 16001-91 Gothard Street and 7266 Edinger Avenue, which had a land value of $113.85 per square foot. The land value for the Wolman Property is $100.00 per square foot. Staff recommends approval of the purchase agreement in support of the City's proposed street improvements for the Edinger Widening Project (Attachment 2). Environmental Status: The project was analyzed under the Environmental Impact Report for the 405 Freeway Improvements, which was certified by the Orange County Transportation Authority. Strategic Plan Goal: Enhance and Maintain Infrastructure Attachment(s): 1. Site Plan 2. Agreement for Acquisition and Escrow Instructions Item 12. - 2 HB -152- 47 i 'LDtYdKaER AtiTEhf4JE � - - -------- m 9ausr)r4 a RM Ij , l.1 PRCN'4SE�U RJYYL—J PROPOSED EASEMENT AREA a ax � 7902 - AVE. 1 0 o ic EDINGER AVENUE WIDENINGall 711 CONCEPTUAL PLAN r EE 3 L✓ew ��aw.�m.. ... !-tis . .� a '.7 .� x ' a AGREEMENT FOR ACQUISITION AND ESCROW INSTRUCTIONS This AGREEMENT FOR ACQUISITION AND ESCROW INSTRUCTIONS ("Agreement") is made and entered into as of this day of �/'.I V 2016, and constitutes an agreement by which Ruth Eleanor Wolman, a single woman ("Seller"), agrees to sell, and the CITY OF HUNTINGTON BEACH, a California municipal corporation ("Buyer"), agrees to purchase on the terms and conditions hereinafter set forth: An easement over a portion of that certain real property described in Exhibits "A" and "B" attached hereto, bearing Orange County Assessor's Parcel Number 142-081-27 ("Property"). The terms and conditions of this Agreement and the instructions to Commonwealth Title Company ("Escrow Holder") with regard to the escrow ("Escrow") created pursuant hereto are as follows: 1. Purchase and Sale. For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller agrees to sell the Property to Buyer, and Buyer agrees to purchase the Property from Seller, upon the terms and conditions herein set forth. 2. Purchase Price. The purchase price ("Purchase Price") for the Property shall be One Hundred Five Thousand Dollars($105,000.00). 3. Acknowledgment of Full Benefits and Release. a. By execution of this Agreement, Seller, on behalf of itself and its respective successors and assigns, hereby acknowledges that this Agreement provides full payment for the acquisition of the Property by Buyer, b. This Agreement arose out the parties' effort to avoid any eminent domain related litigation Seller acknowledges and agrees that said purchase price is just compensation at fair market value for said real property. 4. Payment of Purchase Price. The Purchase Price for the Property shall be payable by Buyer as follows: Prior to the Close of Escrow, Buyer shall deposit or cause to be deposited with Escrow Holder, in cash or by a certified or bank cashier's check made payable to Escrow Holder or a confirmed wire transfer of funds, the Purchase Price plus or minus, proration and charges payable pursuant to this Agreement. All escrow, recording and title insurance costs to be paid by Buyer.G ,q, �-- A , Seller's Initials Buyer's Initials 16-5152/139053 Page 1 of 13 5. Escrow. a. Opening of Escrow. For purposes of this Agreement, the Escrow shall be deemed opened on the date Escrow Holder shall have received an executed counterpart of this Agreement from both Buyer and Seller ("Opening Date"). Escrow Holder shall notify Buyer and Seller, in writing, of the date Escrow is opened and the Closing Date, as defined in Paragraph 5(b), below. In addition, Buyer and Seller agree to execute, deliver, and be bound by any reasonable or customary supplemental escrow instructions of Escrow Holder, or other instruments as may reasonably be required by Escrow Holder, in order to consummate the transaction contemplated by this Agreement. Any such supplemental instructions shall not conflict with, amend, or supersede any portion of this Agreement. If there is any inconsistency between such supplemental instructions and this Agreement, this Agreement shall control. b. Close of Escrow. For purposes of this Agreement, "Close of Escrow" shall be defined as the date that the Grant Deed, conveying the Property to Buyer, is recorded in the Official Records of Orange County, California. This Escrow shall close within sixty (60) days of the Opening Date ("Closing Date"). 6. Conditions of Title. It shall be a condition to the Close of Escrow and a covenant of Seller that title to the Property shall be conveyed to Buyer by Seller by the Grant Deed, subject only to the following Approved Conditions of Title ("Approved Condition of Title"): a. A lien to secure payment of real estate taxes, not delinquent. b. The lien of supplemental taxes assessed pursuant to Chapter 3.5, commencing with Section 75 of the California Revenue and Taxation Code ("Code"), but only to the extent that such supplemental taxes are attributable to the transaction contemplated by this Agreement. Seller shall be responsible for, and hereby indemnifies Buyer and the Property against, any supplemental taxes assessed pursuant to the Code, to the extent that such taxes relate to events (including, without limitation, any changes in ownership and/or new construction) occurring prior to the Close of Escrow. C. Matters affecting the Approved Condition of Title created by or with the written consent of Buyer. Seller's Initials Buyer's Initials 16-5152/139053 Page 2of13 d. Exceptions which are disclosed by the Report described in Paragraph 8a(1) hereof and which are approved or deemed approved by Buyer in accordance with Paragraph 8a(1) hereof. Seller covenants and agrees that during the term of this Escrow, Seller will not cause or permit title to the Property to differ from the Approved Condition of Title described in this Paragraph 6. Any liens, encumbrances, easements, restrictions, conditions, covenants, rights, rights-of-way, or other matters affecting the Approved Condition of Title which may appear of record or be revealed after the date of the Report described in Paragraph 8a(1) below, shall also be subject to Buyer's approval and must be eliminated or ameliorated to Buyer's satisfaction by Seller prior to the Close of Escrow as a condition to the Close of Escrow for Buyer's benefit. Buyer hereby objects to all liens evidencing monetary encumbrances affecting the Property (other than liens for non-delinquent property taxes) and Seller agrees to cause all such liens to be eliminated at Seller's sole cost and expense prior to the Closing Date. Buyer's sole remedy for Seller's failure to eliminate or ameliorate matters effectingthe he Approved Condition of Title shall be cancelation of this Agreement. 7. Title Policy. Title shall be evidenced by the willingness of the Title Company to issue its CLTA Standard Form Policy or Binder of Title Insurance ("Title Policy") in the amount of the Purchase Price showing title to the Property vested in Buyer subject only to the Approved Condition of Title. 8. Conditions to Close of Escrow. a. Conditions to Buyer's Obligations. The Close of Escrow and Buyer's obligation to consummate the transaction contemplated by this Agreement are subject to the satisfaction of the following conditions for Buyer's benefit on or prior to the dates designated below for the satisfaction of such conditions: (1) Preliminary Title Report and Exceptions. Immediately after escrow is opened as provided herein, City agrees to cause Commonwealth Title Company to issue a Preliminary Title Report relating to the Property. Within fifteen (15) days after escrow has been opened, the City will cause Commonwealth Title Company to issue an Amendment to Escrow Instructions, which indicates those title exceptions that the City will accept. Seller will have ten (10) days after receipt of such amendment to review and approve it. In the event of non-approval, escrow will fail and each party will instruct Commonwealth Title Company to cancel the escrow. Seller's Initials er's Initials 16-5152/139053 Page 3 of 13 (2) Representations, Warranties, and Covenants of Seller. Seller shall have duly performed each and every agreement to be performed by Seller hereunder and Seller's representations, warranties, and covenants set forth in Paragraph 14 shall be true and correct as of the Closing Date. (3) No Material Changes. At the Closing Date, there shall have been no material adverse changes in the physical or financial condition of the Property and there shall have been no material adverse change in the financial condition of Seller or any general partners of Seller. (4) Inspections and Studies. On or before thirty (30) days after Opening Date ("Due Diligence Period"), Buyer shall have approved the results of any and all inspections, investigations, tests and studies (including, without limitation, investigations with regard to governmental regulations, engineering tests, soil and structure investigation and analysis, seismic and geologic reports) with respect to the Property (including all structural and mechanical systems and leased areas) as Buyer may elect to make or obtain. The failure of Buyer to disapprove said results on or prior to the expiration of the Due Diligence Period shall be deemed to constitute Buyer's approval of the results. The cost of any such inspections, tests and studies shall be borne by Buyer. During the term of this Escrow, Buyer, its agents, contractors and subcontractors shall have the right to enter upon the Property, with 24 hours advanced notice to seller, at reasonable times during ordinary business hours, to make any and all inspections and tests as may be necessary or desirable in Buyer's sole judgment and discretion. Buyer shall use care and consideration in connection with any of its inspections. Buyer shall indemnify and hold Seller and the Property harmless from any and all damage arising out of, or resulting from the negligence of Buyer, its agents, contractors and/or subcontractors in connection with such entry and/or activities upon the Property. (5) Council Approval. The completion of this transaction, and the escrow created hereby, is contingent upon the specific acceptance and approval of the Buyer by action of the Buyer's City Council. b. Conditions to Seller's Obligation. For the benefit of Seller, the Close of Escrow shall be conditioned upon the occurrence and/or satisfaction of each of the following conditions (or Seller's waiver the eof, it being agreed that Seller may waive any or all of such condition Seller's Initials KUNCs Initials 16-5152/139053 Page 4 of 13 (1) Buyer's Obligations. Buyer shall have timely performed all of the obligations required by the terms of this Agreement to be performed by Buyer, and (2) Buyer's Representations. All representations and warranties made by Buyer to Seller in this Agreement shall be true and correct as of the Close of Escrow. 9. Deposits by Seller. At least one (1) business day prior to the Close of Escrow, Seller shall deposit or cause to be deposited with Escrow Holder the following documents and instruments: a. Seller's Certificate Federal. A Certificate of Nonforeign Status (Seller's Certificate). b. California Withholding Exemption Certificate. A California Withholding Exemption Certificate (or in the event the Seller is a non-California resident, a certificate issued by the California Franchise Tax Board) pursuant to the Revenue and Taxation Code Sections 18805 and 26131, as may be amended, stating either the dollar amount of withholding required from Seller's proceeds or that Seller is exempt from such withholding requirement. C. Grant Deed. The Grant Deed conveying the Property to Buyer duly executed by Seller, acknowledged and in recordable form. 10. Deposits by Buy. Buyer shall deposit, or cause to be deposited with Escrow Holder, the funds which are to be applied toward the payment of the Purchase Price in the amounts and at the times designated in Paragraph 4 above (as reduced or increased by the prorations, debits and credits hereinafter provided). 11. Costs and Expenses. The cost and expense of the Title Policy attributable to CLTA coverage shall be paid by Buyer. The escrow fee of Escrow Holder shall be paid by Buyer. Buyer shall pay all documentary transfer taxes, if any, payable in connection with the recordation of the Grant Deed. The amount of such transfer taxes shall not be posted on the Grant Deed, but shall be supplied by separate affidavit. Buyer shall pay the Escrow Holder's customary charges to Buyer and Seller for document drafting, recording, and miscellaneous charges. If, as a result of no fault of Buyer or Seller, Escrow fails to close, Buyer shall pay all of Escrow Holder's fees and charges. Penalties for prepayment of bona fide obligations secured by any existing deed of trust or mortgage shall be waived pursuant to Civil Code Procedures Section 1265.240. 12. Prorations. The following prorations shall be made between Seller and Buyer on the Closing Date, computed as of the Closing Date: Seller's Initials B yer's Initials 16-5152/139053 Page 5 of 13 a. Taxes. Real and personal property taxes and assessments on the Property shall be prorated on the basis that Seller is responsible for (i) all such taxes for the fiscal year of the applicable taxing authorities occurring prior to the "Current Tax Period," and (ii) that portion of such taxes for the Current Tax Period determined on the basis of the number of days which have elapsed from the first day of the Current Tax Period to the Closing Date, inclusive, whether or not the same shall be payable prior to the Closing Date. The phrase "Current Tax Period" refers to the fiscal year of the applicable taxing authority in which the Closing Date occurs. In the event that as of the Closing Date the actual tax bills for the year or years in question are not available, and the amount of taxes to be prorated as aforesaid cannot be ascertained, then rates and assessed valuation of the previous year, with known changes, shall be used, and when the actual amount of taxes and assessments for the year or years in question shall be determinable, then such taxes and assessments will be re-prorated between the parties to reflect the actual amount of such taxes and assessments. b. No Rental Pro-rations. Escrow Holder is hereby instructed not to perform any rental pro-rations at the Close of Escrow. 13. Disbursements and Other Actions by Escrow Holder. Upon the Close of Escrow, the Escrow holder shall promptly undertake all of the following in the manner indicated: a. Prorations. Prorate all matters referenced herein, based upon the statement delivered into Escrow signed by the parties. b. Recordim4. Cause the Grant Deed and any other documents, which the parties hereto may mutually direct, to be recorded in the Official Records of Orange County, California, in the order set forth in this subparagraph. Escrow Holder is instructed not to affix the amount of documentary transfer tax on the face of the Deed, but to supply same by separate affidavit. C. Funds. Disburse from funds deposited by Buyer with Escrow Holder toward payment of all items chargeable to the account of Buyer (including the Purchase Price to Seller) pursuant thereto in payment of such costs, and disburse the balance of such funds, if any, to Buyer. d. Documents to Bur. Deliver the Seller's Certificate and Bill of Sale, executed by Seller, and, when issued, the Title Policy to Buyer. kL(J / / �1, Seller's Initials B yer's Initials 16-5152/139053 Page 6 of 13 e. Pay demands of existing lienholders. Escrow Holder is hereby authorized and instructed to cause the reconveyance, or partial reconveyance, as the case may be, of any such monetary exceptions to Buyer's title to the Property at or prior to the Close of Escrow. 14. Seller's Representations and Warranties. In consideration of Buyer entering into this Agreement, and as an inducement to Buyer to purchase the Property, Seller makes the following representations and warranties, each of which is material and is being relied upon by Buyer (and the continued truth and accuracy of which shall constitute a condition precedent to Buyer's obligations hereunder): a. Authorization. This Agreement has been duly and validly authorized, executed and delivered by Seller, and no other action is requisite to the execution and delivery of this Agreement by Seller. b. Threatened Actions. To the Seller's knowledge there are no actions, suits or proceedings pending against, or, to the best of Seller's knowledge threatened or affecting the Property in law or equity. C. Third Party Consents. Other than approval from Wells Fargo Bank, Lessee of the property, no consents or waivers of, or by, any third party are necessary to permit the consummation by Seller of the transactions contemplated pursuant to this Agreement. Buyer has obtained the consent of Wells Fargo Bank, with a signed acknowledgment from Wells Fargo Bank that the sale of the easement does not affect the terms of the lease between Wells Fargo Bank and Seller. Said acknowledgement is attached hereto as Exhibit and incorporated by reference. d. No Violation of Law. To the best of Seller's knowledge, there is no violation of law or governmental regulation by Seller with respect to the Property. e. Condemnation. To the Seller's knowledge there are there are no pending, or, to the best of Seller's knowledge, threatened proceedings in eminent domain or otherwise, which would affect the Property or any portion thereof. f. Compliance with Law. To the best of Seller's knowledge, all laws, ordinances, rules, and requirements of any governmental agency, body, or subdivision thereof bearing on the Property have been complied with by Seller. g. Agreements. Other than the lease with Wells Fargo Bank, there are no agreements (whether oral or writtsen) affecting or rela ' to th right of I W l l� Seller's Initials Buy is Initials 16-5152/139053 Page 7of13 any party with respect to the possession of the Property, or any portion thereof, which are obligations which will affect the Property or any portion thereof subsequent to the recordation of the Grant Deed, except as may be reflected in the Condition of Title, which shall have been approved by Buyer pursuant to the terms of this Agreement. h. Documents. To the best of Seller's knowledge, all documents delivered to Buyer and Escrow Holder pursuant to this Agreement are true and correct copies of originals, and any and all information supplied to Buyer by Seller is true and accurate. i. Licensed Permits. To the best of Seller's knowledge, Seller has acquired all licenses, permits, easements, rights-of-way, including without limitation, all building and occupancy permits from any governmental authority having jurisdiction. j. Hazardous Substances. Except as revealed by Seller to Buyer previously, Seller has no actual knowledge that there are hazardous substances (as defined below) in existence on or below the surface of the property, including without limitation, contamination of the soil, subsoil or groundwater, which constitutes a violation of any law, rule, or regulation of any governmental entity having jurisdiction thereof, or which exposes Buyer to liability to third parties. Seller has not used the Property, or any portion thereof, for the production, disposal, or storage of any hazardous substances, and Seller has no actual knowledge that there has been any proceeding or inquiry by any governmental authority with respect to the presence of such hazardous substances on the Property or any portion thereof. Without limiting the other provisions of this Agreement, Seller shall cooperate with Buyer's investigation of matters relating to the foregoing provisions of this paragraph, and provide access to, and copies of, any data and/or documents dealing with potentially hazardous substances used at the Property and any disposal practices followed. Seller agrees that Buyer may, with Seller's prior approval, make inquiries of governmental agencies regarding such matters, without liability to Seller for the outcome of such discussions. For purposes of this Agreement, the term "hazardous substances" means: (i) any substance, product, waste, or other material of any nature whatsoever which is or becomes listed, regulated, or addressed pursuant to the Comprehensive Environment Response, Compensation and Liability Act (CERCLA), 42 United States Code Section 9601 et seq.; the Hazardous Material Transportation Conservation and Recovery Act, 42 United States Code Section 1801 et seq.' the Resources Conservation and Recovery Act, 42 Seller's Initials Ayer's Initials 16-5152/139053 Page 8 of 13 United States Code Section 6901 et seq.; the Clean Water Act, 33 United States Code Section 1251 et seq.; the Toxic Substances Control Act, 15 United States Code Section 2601 et seq.; the California Hazardous Waste Control Act, Health and Safety Code Section 25100 et sq.; the California Hazardous Substance Account Act, Health and Safety Code Section 25330 et seq.; the California Safe Drinking Water and Toxic Enforcement Act, Health and Safety Code Section 25249.5 et seq.; California Health and Safety Code Section 25280 et seq. (Underground Storage or Hazardous Code Section 25170.1 et seq.; California Health and Safety Code Section 25501 et seq. (Hazardous Materials Release Response Plans and Inventory); or the California Porter-Cologne Water Quality Control Act, Water Code Section 13000 et seq., all as amended (the above-cited California state statute s are hereinafter collectively referred to as "the State Toxic Substances Laws") or any other federal, state, or local statute, law, ordinance, resolution, code, rule, regulation, order or decree regulating, relating to, or imposing liability or standards of conduct concerning any hazardous or toxic substance hereafter in effect; (ii) any substance, product, waste, or other material of any nature whatsoever which may give rise to liability under any of the above statutes or under any statutory or common law theory based on negligence, trespass, intentional tort, nuisance or strict liability or under any reported decisions of a state or federal court; (iii) petroleum or crude oil other than petroleum and petroleum products which are contained within regularly operated motor vehicles; and (iv) asbestos. k. Pollutants. No pollutants or waste materials from the Property have ever been discharged by Seller into any body of water, and Seller has no actual knowledge of any such pollution emission by any other person or entity. 1. Waste Disposal. No portion of the Property has ever been used by Seller as a waste storage or disposal site, and Seller is not aware of any such prior uses. in. No Notices. Seller has received no written notice of any change contemplated in any applicable laws, ordinances or restrictions, or any judicial or administrative action, or any action by adjacent landowners, or natural or artificial conditions upon the Property which would prevent, impede, limit, or render more costly Buyer's contemplated use of the Property. 15. Buyer's Representations and Warranties. In consideration of Seller entering into this Agreement, and as an inducement to Seller to sell the Property to Buyer, Buyer makes the following representations and warranties, of which is Seller's Initials y is Initials 16-5152/139053 Page 9of13 material and is being relied upon by Seller (the continued truth and accuracy of which shall constitute a condition precedent to Seller's obligations hereunder): a. This Agreement and all documents executed by Buyer under this Agreement which are to be delivered to Seller are, or at the time of Close of Escrow will be, duly authorized, executed, and delivered by Buyer, and are, or at the Close of Escrow will be legal, valid, and binding obligations of Buyer, and do not, and at the Close of Escrow will not violate any provisions of any agreement or judicial order to which Buyer is a party or to which it is subject. C. The representations and warranties of Buyer set forth in this Agreement shall be true on and as of the Close of Escrow as if those representations and warranties were made on and as of such time. d. Improvements and Maintenance of the Property. Buyer expressly assumes all obligations for improvements on the Property and for maintenance of the Property. 16. Damage or Condemnation Prior to Closing. Seller shall promptly notify Buyer of any knowledge by Seller of casualty to the Property or any condemnation proceeding commenced prior to the Close of Escrow. If any such damage or proceeding relates to, or may result in, the loss of any material portion of the Property, Seller or Buyer may, at their option, elect either to: (a) terminate this Agreement, in which event all funds deposited into Escrow by Buyer shall be returned to Buyer and neither party shall have any further rights or obligations hereunder, or (b) continue the Agreement in effect, in which event upon the Close of Escrow Buyer shall be entitled to any compensation, awards, or other payments or relief resulting from such casualty or condemnation proceeding. 17. Notices. All notices or other communications required or permitted hereunder shall be in writing, and shall be personally delivered or sent by registered or certified mail, postage prepaid, return receipt requested, telegraphed, delivered, or sent by telex, telecopy, or cable, and shall be deemed received upon the earlier of (a) if personally delivered, the date of delivery to the address of the person to receive such notice, (b) if mailed, four business days after the date of posting by the United States post office, (c) if given by telegraph or cable, when delivered to the telegraph company with charges prepaid, or (d) if given by telex or facsimile, when sent. Any notice, request, demand, direction, or other communication sent by cable, telex, or facsimile must be confirmed within 48 hours by tter mailed or delivered in accordance with the foregoin . fc�� l l Seller's Initials B. y�r's Initials 16-5152/139053 Page 10 of 13 The Buyer's mailing address is: City of Huntington Beach Office of Business Development Attn: Kellee Fritzal 2000 Main Street, P.O. Box 190 Huntington Beach, CA 92648 The Seller's mailing address is: Ruth Eleanor Wolman 445 Laguna Road Pasadena, CA 91105 With copy to Seller's attorney as follows: Kenneth A. Franklin Law Offices of Wade E. Norwood 201 South Lake Avenue, Suite 508 Pasadena, CA 91101 Notice of change of address shall be given by written notice in the manner detailed in this paragraph. Rejection or other refusal to accept, or the inability to deliver because of changed address of which no notice was given, shall be deemed to constitute receipt of the notice, demand, request, or communication sent. 18. Legal Fees. In the event suit is brought by either party to construe, interpret and/or enforce the terms and/or provisions of this Agreement or to secure the performance hereof, each party shall bear its own attorney's fees, such that the prevailing party shall not be entitled to recover its attorneys fees from the non- prevailing party. 19. Assignment. 20. Brokerage Commissions. Seller represents to Buyer that there has been no broker, real estate agent, finder or similar entity engaged in connection with this Agreement or the sale of the Property from the Seller to Buyer 21. Miscellaneous. a. Survival of Covenants. The covenants, representations and warranties of both Buyer and Seller set forth in this Agreement shall survive the recordation of the Grant Deed and the Close of Escrow. IJ G� / /� Seller's Initials yer's Initials 16-5152/139053 Page 11 of 13 b. Required Actions of Buyer and Seller. Buyer and Seller agree to execute such instruments and documents and to diligently undertake such actions as may be required in order to consummate the purchase and sale herein contemplated, and shall use their best efforts to accomplish the Close of Escrow in accordance with the provisions hereof. C. Time of Essence. Time is of the essence of each and every term, condition, obligation, and provision hereof. d. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which, together, shall constitute one and the same instrument. e. Captions. Any captions to, or headings of, the paragraphs or subparagraphs of this Agreement are solely for the convenience of the parties hereto, are not a part of this Agreement, and shall not be used for the interpretation or determination of the validity of this Agreement or any provision hereof. f. No Obligations to Third Parties. Except as otherwise expressly provided herein, the execution and delivery of this Agreement shall not be deemed to confer any rights upon, nor obligate any of the parties hereto, to any person or entity other than the parties hereto. g. Exhibits and Schedules. The Exhibits and Schedules attached hereto are hereby incorporated herein by this reference. h. Amendment to this Agreement. The terms of this Agreement may not be modified or amended except by an instrument in writing executed by each of the parties hereto. i. Waiver. The waiver or failure to enforce any provision of this Agreement shall not operate as a waiver of any future breach of any such provision or any other provision hereof. j. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, with the exception of definitions to be construed under Federal laws cited in Paragraph 140). k. Fees and Other Expenses. Except as otherwise provided herein, each of the parties shall pay its own fees and expenses in connection with this Agreement. Seller's Initials yer's Initials 16-5152/139053 Page 12 of 13 1. Entire Agreement. This Agreement supersedes any prior agreements, negotiations, and communications, oral or written, and contains the entire agreement between Buyer and Seller as to the subject matter hereof. No subsequent agreement, representation, or promise made by either party hereto, or by or to an employee, officer, agent or representative of either party shall be of any effect unless it is in writing and executed by the party to be bound thereby. in. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the successors and assigns of the parties hereto. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. DATED: "7 --7 A! Seller: , Ruth Eleanor Wolman DATED: :7 —/,�' - /(, Buyer: CITY OF HUNTINGTON BEACH, a Ca 'fornia mu 'cip 1 orpor tion a or City Clerk APPROVED AS O FORM- REVIt JAND APPROVED: A Ci y Attorney ,µ,me CipN&Iger INITIATED AND APPROVE l o� Deputy Director of Bu ' ess Development k_ Seller's Initials uyer's Initials 16-5152/139053 Page 13 of 13 EXHIBIT "A" LEGAL DESCRIPTION RIGHT-OF-WAY ACQUISITION EIDINGER AVENUE LOTS 16, 17 & 18 OF TRACT NO. 417 That certain parcel of land situated din the City of Huntington Beach, County of Orange, State of California, being those portions of Lots 16, 17 and 18 of Tract No. 417 as shown on a map filed in Book 16, Page 47 of Miscellaneous Maps in the Office of the County Recorder of said Orange County, described as follows: BEGINNING at the northeasterly corner of Parcel Map No 2013-113 as shown on a map filed in Book 382, Pages 48 through 50 inclusive, of Parcel Maps in said Office of the County Recorder of Orange County; thence along the easterly prolongation of the northerly line of said Parcel Map No. 2013-113, also being the southerly right-of-way of Edinger Avenue as described in those certain deeds to the City of Huntington Beach recorded September 5, 1963 in Book 6705, Page 187 and :March 3, 1965 in Book 7432, Page 589, both of Official Records in said Office of the County Recorder of Orange County, South 89°32'34" East 1.50.00 feet to the westerly line of that certain Easement Deed to the City of Huntington Beach recorded July 3, 1990 as Instrument No. 90-350907 of Official Records in said Office of the County Recorder of Orange County; thence along said westerly line South 00°27'26"West 7.00 feet to a line parallel with said southerly right- of-way of Edinger Avenue; thence along said parallel pine North 89°32'34" West 150.00 feet to the easterly line of said Parcel Map No. 2013-113; thence along said easterly line North 00°27'26" East 7.00 feet to the POINT OF BEGINNING. CONTAINING: 1050 Square Feet. EXHIBIT "B" attached and by this reference made a part hereof. p LAND ,�� NO. 6673 William G. Cox, L.S. 6673 Date sTgT£OF CALIFO���P Page 1 of 1 C/L PARKSIDE LANE (N89°32'34"W)R1 C/L EDINGER AVENUE (255.09' )R1 — — — N'LY LINE TRACT NO. 417 w `'� I C) M.M. 16/47 0 �o N o I RIGHT-OF-WAY PERLn N ooI BOOK 7432/589 O.R. Ln — — — o z RIGHT-OF-WAY WAY PER NE'LY CORNER z I o P.M. N0. 2013-113 N BOOK 6705/187 O.R. S89°32'34±'E150.00' J N89°32'34"W 150.00' o � � _ u7 I I I Lo � > � , ITT LOT 17 LOT 16 Qo QCD 3 r— CDco R � Z I z :< c� I tt1 0- I I LINE DATA TABLE NO. BEARING LENGTH Q L1 N00°27'26"E 7.00' L1 (N00° 17'56"E) (7.00' ) R1 L2 S00°27'26"W 7.00' LEGEND M RIGHT-OF-WAY TAKE AREA EXHIBIT "B" ( )R1 DENOTES RECORD DATA PER SKEMH TO ACCOWMIY A PARCEL MAP NO. 2013-113, LEGAL DESCPJFrnON FOR P.M.B. 382/48-50 RIGHT-OF-WAY ACQUISITION EDINGER AVENUE LOTS 16,17&18 OF TRACT NO.417 SHEET I OF 1 SHEET CONTAINING:1050 SQUARE FEET DECEMBER 1, 2015 JN 149161 Corporate Properties Group Man K Williams,CPM MAC E2064-079 Lease Negotiator Retail Negotiations 333 South Grand Avenue,Suite 700 Los Angeles.CA 90071 213 253-3292 213 620-0554 Fax marykw�(_-i)wellsfargo com March 24, 2016 Mr. Duran Villegas Real Estate Services Manager Office of Business Development City of Huntington Beach P.O. Box 190 Huntington Beach, CA 92648 Re: Edinger Avenue Street Widening Project Affecting Wells Fargo Bank (BE 191820) at 7902 Edinger Avenue, Huntington Beach, CA (the "Property") Dear Mr. Villegas: The Bank's Landlord, Ruth Wolman received a request from the City of Huntington Beach to consent to a street widening plan for Edinger Avenue which will impact the property at the above subject location. Mrs. Wolman requested that the Bank review the plan prior to her giving any consent to the widening plan. As you know, the Bank hired Mr. Joseph Vicelja to review the widening plan on the Bank's behalf. Mr. Vicelja worked with Mr. Jonathan Claudio, PE, Senior Civil Engineer, City of Huntington Beach to revise the original street widening plan to incorporate Mr. Vicelja's requested changes. The revised plan is attached. Wells Fargo consents to the street widening plan as it affects the Property on the condition that the street widening plan incorporates the attached revised plan and does not deviate from the attached revised plan. Should you have any questions, please contact me. Very truly yours, Mary K. Williams Lease Negotiator HB -169- Item 12. - 19 r EDINGER AVENUE �; t ' [ i,[,rF m, ee. l I' 1h.} slaw np+mn 'r[sn nwo oirJ'�] r rr"Ill 1 .. FwF.w ''"� �•ra e,�y .-_, ui[ 1 fn r rn •e t a p rz � nwe.__- .,_,.._.....„_.. ,.._.,.E, i ..._.-—. ._..._.• .J_,.._..,--�._".,'e � _'..�-.....,.,......._..-9. t,o�y7L7+J>v..: ..... gli 4,r'Y www -.. ... KSW11Va i ae'Qp Im'3 ei' a[a .Aft,I•. 1 (iI! I,f'i .,. fa'1 i�. .. �.• r,rj , 1 p. at. LJr .-,lu+} '°°eful[] tllY i,Y+�.ti! w Os � ;�' 31 'w•'[s,ye PARK5IDE II CSr' W; .- LANE BEACH COULE"VAF O p[ I I- ���j, [ [al'IFtn'}iwliSn':[„'1�Se+'IL+�-f.F•f€a�lfe••1'41s'1 Cwy'f?W ETM[{€ ilOCHO AND QDMMLKaXMMQM1 r .' I t-low v Room I-Aam tx v21 • f[2 B+Trl,4'itw isR.Q. 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