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SANTA ANA UNITS INVESTMENT COMPANY 1 - 2003
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SANTA ANA UNITS INVESTMENT COMPANY 1 - 2003
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Last modified
1/3/2012 2:05:22 PM
Creation date
5/8/2003 4:16:55 PM
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Contracts
Company Name
Santa Ana Units Investment Company
Contract #
A-2003-071
Agency
Public Works
Council Approval Date
4/7/2003
Notes
PERMANENT file
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THIRTY (30) days from and after the date on which the City has approved this Agreement, and the Escrow <br />Agent is hereby authorized to pay the same to Seller upon and after: <br /> <br />(a) Conveyance of said real property by Seller to City as hereinabove provided; <br /> <br />(b) Acceptance by City of a Grant Deed conveying said real property to City; <br /> <br />(c) Recordation of the Deed conveying said real property to City. <br /> <br />7. Possession. Seller agrees to deliver to City, on the date the Deed conveying said real property to City is <br />recorded, quiet and peaceful possession of said real property, which shall be made free by Seller of all personal <br />property. <br /> <br />8. Waivers. The waiver by City of any breach of any covenant or agreement herein contained on the part of <br />Seller shall not be deemed or held to be a waiver of any subsequent or other breach of said covenant or <br />agreement nor a waiver of any breach of any other covenants or agreements contained herein. <br /> <br />9. Heirs, Assigns, Etc. This Agreement, and all the terms, covenants and conditions hereof, shall apply to <br />and bind the heirs, executors, administrators, successors and assigns of the respective parties hereto. <br /> <br />10. Time is of the Essence. In all matters and things hereunder to be done and in all payments hereunder to <br />be made, time is and shall be of the essence. <br /> <br />11. Permission to Enter on Premises. Seller hereby grants City, and its authorized agents, permission to <br />enter upon said real property at all reasonable times prior to close of escrow for the purpose of making necessary <br />inspections. <br /> <br />12. Just Compensation. Seller acknowledges and agrees that said purchase price is just compensation at fair <br />market value for said real property and includes any and all fixtures and equipment, goodwill (if any) and <br />severance. <br /> <br />13. Notices. The mailing address of the City of Santa Ana is 20 Civic Center Plaza, M-22, P.O. Box 1988, <br />in the City of Santa Ana 92701, County of Orange, State of California. The mailing address of the Seller is: <br /> <br />14. <br /> <br />Santa Ana Units Cc.~orat~c,n <br />1316 Roxbury <br />Los Angeles, CA 90035 <br />Attn: Stuart Jaffe <br /> <br />Exceptions. City agrees to accept title to said real property subject to the following: NONE. <br /> <br />15. Entire Aereement. It is mutually agreed that the parties hereto have herein set forth the whole of their <br />Agreement. Performance of this Agreement by City shall lay at rest, each, every and all issue(s) that were raised <br />or could have been raised in connection with the acquisition of said real property by City. <br /> <br />16. Hazardous Waste. Neither Seller nor, to the best of Seller's knowledge, any previous owner, tenant, <br />occupant, or user of the Property used, generated, released, discharged, stored, or disposed of any hazardous <br />waste, toxic substances, or related materials ("Hazardous Materials") on, under, in, or about the Property, or <br />transpotted any Hazardous Materials to or from the Property. Seller shall not cause or permit the presence, use, <br /> <br /> <br />
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