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BASIC TERMS <br />Buyer: <br />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: <br />City of Santa Ana <br />Attention: City Manager <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />Tel. (714) 647 -5200 <br />Fax: (714) 647 -6954 <br />Closing Date (or Closing) <br />Estimated to occur by June 30, 2016, but not later than the Outside <br />Date <br />Contingency Date: <br />Thirty (30) days after the Effective Date <br />Deed: <br />A grant deed in the form of Exhibit B hereto. <br />Effective Date: <br />The later of the respective dates that the Seller and the Buyer approve <br />this Agreement <br />Outside Date: <br />August 30, 2016 <br />Purchase Price: One Million Seven Hundred Forty Three Thousand Dollars <br />($1,743,000.00); the Purchase Price is allocable as follows: (i) re 710 <br />E. 6`h Street, $300,000; (ii) re 714 E. 6`h Street, $295,000; (iii) re 720 <br />E. 6`h Street, $305,000; (iv) re 415 S. Raitt Street, $343,000; and (v) <br />re 423 S. Raitt Street, $500,000. <br />Real Property: That property described in Exhibit A hereto; the subject property <br />consists of: (i) 710 E. 6th Street, consisting of approximately 0. 14 <br />acres, APN 398 - 334 -03; (ii) 714 E. 6th Street, consisting of <br />approximately 0.14 acres, APN 398 - 334 -04; (iii) 720 E. 6th Street, <br />consisting of approximately 0.14 acres, APN 398 - 334 -05; (iv) 415 S. <br />Raitt Street, consisting of approximately 0.44 acres, APN 007- 273 -12, <br />and (v) 423 S. Raitt Street, consisting of approximately 0.57 acres, <br />APN 007 - 273 -14. <br />Seller: <br />Seller's Address: <br />Santa Ana Housing Authority <br />20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention: Executive Director <br />Tel. (714) 647 -5360 <br />Fax: (714) 647 -6549 <br />