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BASIC TERMS <br />Buyer: City of Santa Ana, a charter city and municipal corporation organized <br />under the Constitution and laws of the State of California <br />Buyer's Address: City of Santa Ana <br />Attention: Clerk of the Council <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />Tel. (7 t4) 647-6520 <br />Closing Date (or Closing): Estimated to occur by November 1, 2022, but not later than the <br />Outside Date <br />Contingency Date: Sixty (60) days after the Effective Date <br />Deed: A grant deed in the form of Exhibit B hereto <br />Effective Date: September 6, 2022 <br />Outside Date: <br />60 days after Oversight Board and Department of Finance Approval <br />Oversight Board: <br />The Oversight Board to the Successor Agency to the Former <br />Community Redevelopment Agency of the City of Santa Ana <br />approval is a condition of closing <br />Purchase Price: <br />Five -Hundred and Ninety -Eight Thousand Dollars ($598,000) <br />Real Property: <br />That property described in Exhibit A hereto; the subject property <br />consists of: (i) 915 North Flower Street, APN 005-142-58; (ii) 921 <br />North Flower Street, APN 005-142-37; and (iii) 842 North Garnsey, <br />APN 005-142-47 <br />Seller: Successor Agency to the Former Community Redevelopment Agency <br />of the City of Santa Ana <br />Seller's Address: 20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention: Director of Community Development Agency <br />Tel. (714) 647-5360 <br />Title Company: First American Title Insurance Company <br />5 First American Way <br />Santa Ana, CA 92707 <br />Tel: (714)= <br />Attention: <br />(direct: (714) - ; email: @firstam.eom) <br />(or another title insurer mutually acceptable to Buyer and Seller) <br />