SANTIAGO, ENRIQUE DBA EL JALAPENOS MEXICAN FOOD - 2012

Home Browse Search

A-2012-221 R-: SELL ALL (NO SALVAGE) s Project: Grand Avenue Widening Project APN: 398-454-12 & 13 Tenant-Seller: Enrique Santiago dba El Jalapenos Restauant AGREEMENT FOR ACQUISITION OF TENANT-SELLER'S INTEREST IN REAL PROPERTY THIS AGREEMENT ("Agreement") is entered into as of this 15 day of 0C ro (3 V_ t2 , 2012, by and between THE CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the Constitution and laws of the State of California ("Buyer"), and ENRIQUE SANTIAGO DBA EL JALAPENOS MEXICAN FOOD ("Tenant-Seller") for the acquisition by Buyer of certain interests in real property described herein. IT IS HEREBY AGREED BETWEEN THE PARTIES AS FOLLOWS: 1. AGREEMENT. Tenant-Seller agrees to sell and convey to Buyer, and Buyer agrees to purchase and acquire from Tenant-Seller, upon the terms and for the consideration set forth in this Agreement, (a) all right, title and interest, in and to certain improvements, including fixtures and equipment (collectively "Improvements") located in, on, or affixed in any manner to the premises known and numbered as 1221 E. First Street #C Santa Ana, California ("Premises") which Premises are part of that real property described in Exhibit "A" attached hereto, located in the City of Santa Ana, Orange County, California ("Property"), and (b) any tenancy interest of Tenant-Seller ("Tenancy Interest") in and to the Premises and the Property. The Improvements to be conveyed by Tenant-Seller are a part of the Premises, and specifically include, without limitation, the items described in the list of Improvements Pertaining to the Realty attached hereto as Exhibit "B". 2. PURCHASE PRICE. The total purchase price, payable in cash through this Agreement, shall be the sum of. SEVENTY THREE THOUSAND TWO HUNDRED AND THIRTY DOLLARS NO/100 DOLLARS ($73,230.00) ("Purchase Price") 3. CONVEYANCE OF INTEREST IN REAL PROPERTY. Tenant-Seller agrees to execute a Quitclaim Deed in the same form as that attached hereto as Exhibit "C" in favor of Buyer ("Quitclaim Deed"), relinquishing, releasing, and forever quitclaiming to Buyer all right title and interest in and to the Tenancy Interest. 4. Tenant-Seller will vacate the property by September 13, 2012. Any and all rents owed to the Buyer prior to the date of vacate will be deducted from the Purchase Price. 5. CONVEYANCE OF INTEREST IN IMPROVEMENTS. The Quitclaim Deed will also convey from Tenant-Seller to Buyer all of Tenant-Seller's interest in and to the Improvements, which conveyance shall be free and clear of all recorded and unrecorded encumbrances, liens, assessments, leases, and taxes. Unless otherwise provided, recording of the Quitclaim Deed and Closing (as defined below) of the transaction described herein shall be