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HUGO SOLORZANO HERNANDEZ-2016
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HUGO SOLORZANO HERNANDEZ-2016
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Last modified
12/28/2016 4:52:53 PM
Creation date
12/28/2016 4:52:21 PM
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Contracts
Company Name
HUGO SOLORZANO HERNANDEZ
Contract #
A-2016-364
Agency
PUBLIC WORKS
Council Approval Date
12/6/2016
Destruction Year
0
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A-2016-364 <br />SELL OF IPR AND GOODWILL <br />Project: Bristol Street Improvement Project - Phase 3A <br />APN: 405-274-10 <br />Tenant -Seller: Hugo Solorzano Hernandez dba Hugos Computer <br />AGREEMENT FOR ACQUISITION OF TENANT -SELLER'S <br />INTEREST IN REAL PROPERTY <br />THIS AGREEMENT ("Agreement") is entered into as of this C)G day of <br />lie_Ca, bar- , 2016, by and between THE CITY OF SANTA ANA, a charter city and <br />municipal corporation duly organized under the Constitution and laws of the State of California <br />("Buyer"), and HUGO SOLORZANO HERNANDEZ DBA HUGOS COMPUTER ("Tenant - <br />Seller") for the acquisition by Buyer of certain interests in real property described herein. <br />IT IS HEREBY AGREED BETWEEN THE PARTIES AS FOLLOWS: <br />1. AGREEMENT. Tenant -Seller agrees to sell and convey to Buyer, and Buyer agrees <br />to purchase and acquire from Tenant -Seller, upon the terms and for the consideration set forth in <br />this Agreement, (a) all right, title and interest, in and to certain improvements, including fixtures <br />and equipment (collectively " Conveyed Improvements") located in, on, or affixed in any manner <br />to the premises known and numbered as 1111 N. Bristol Street, Suite H, Santa Ana, California <br />("Premises") which Premises are part of that real property described in Exhibit A attached hereto, <br />located in the City of Santa Ana, Orange County, California ("Property"), and (b) any tenancy <br />interest of Tenant -Seller ("Tenancy Interest") in and to the Premises and the Property. The <br />Conveyed Improvements are a part of the Premises, and specifically include, without limitation, the <br />items described in the list of Improvements Pertaining to the Realty attached hereto as Exhibit B. <br />The conveyed Improvements referred to as the "Improvements." <br />2. PURCHASE PRICE. The total purchase price, payable in cash through this <br />Agreement, shall be the sum of: FORTY ONE THOUSAND TWO HUNDRED NINETY <br />NO/100 DOLLARS ($41,290.00) ("Purchase Price") which is computed as follows: <br />Value of Conveyed Improvements as shown on Exhibit B $4,790.00 <br />Loss of Business Goodwill $36,500.00 <br />TOTAL AMOUNT PAYABLE THROUGH THIS AGREEMENT $41,290.00 <br />3. CONVEYANCE OF INTEREST IN REAL PROPERTY. Tenant -Seller agrees to <br />execute a Quitclaim Deed in the same form as that attached hereto as Exhibit C in favor of Buyer <br />("Quitclaim Deed"), relinquishing, releasing, and forever quitclaiming to Buyer all right title and <br />interest in and to the Tenancy Interest. <br />
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