ROBERTI'S INSURANCE (2) - 2013 - Laserfiche WebLink

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A-2013-054 SELL ALL (NO SALVAGE) Project: Grand Avenue Widening Proiect APN: 398-454-12 & 13 Tenant-Seller: Roberti's Insurance Agency Inc. AGREEMENT FOR ACQUISITION OF TENANT-SELLER'S INTEREST IN REAL PROPERTY THIS AGREEMENT ("Agreement") is entered into as of this 25' day of 0Za 2013, 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 ROBERTI'S INSURANCE AGENCY INC. ("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. # E. Santa Ana, California ("Premises") which Premises are part of that real property described in Attachment "1" 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 Attachment "2". 2. PURCHASE PRICE. The total purchase price, payable in cash through this Agreement, shall be the sum of: Six Thousand Eighty Five and no/100 dollars ($6,085.00) ("Purchase Price"). Said sum shall be paid by negotiable check or draft within 30 days following full execution hereof, made payable to "California Eminent Domain Law Group Client Trust Account" and delivered to Tenant-Seller's counsel of record, A.J. Hazarabedian of California Eminent Domain Law Group, 3429 Ocean View Blvd., Suite L, Glendale, CA 91208. 3. CONVEYANCE OF INTEREST IN REAL PROPERTY. Tenant-Seller agrees to execute a Quitclaim Deed in the same form as that attached hereto as Attachment "3" 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. VACATION OF PROPERTY. The parties acknowledge that Tenant-Seller has previously vacated the Premises in anticipation of Buyer's public project, and has delivered possession to Buyer of all Improvements. 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, A-1