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RENTAL AGREEMENT
<br />(Loss of Rents)
<br />This AGREEMENT, made and entered into this 2r day of '2017 by
<br />and between the property owner, Victoria Bastida Vargas ( the "Owner"), and the CF1CV OF SANTA ANA, a
<br />charter city and municipal corporation duly organized under the Constitution and laws of the State of
<br />California ("City").
<br />WHEREAS, Owner and City are in negotiations for City's acquisition from Owner of certain real
<br />property located in the City, which is legally described in Exhibit "A", attached hereto and incorporated herein
<br />("Subject Property").
<br />WHEREAS, the Subject Property consists of a single lot of real property commonly known as 2205 S.
<br />Bristol St, Santa Ana, CA 92704 (APN#:015-194-24).
<br />WHEREAS, 2205 S. Bristol. St, Santa Ana, CA 92704 was occupied by former tenants, who have
<br />since vacated the Subject Property.
<br />WHEREAS, the former tenants of 2205 S. Bristol St, Santa Ana, CA 92704 vacated the property prior
<br />to the date of this Agreement, on the date set forth in Section 1 below.
<br />WHEREAS, City has asked Owner not to rent 2205 S. Bristol St, Santa Ana, CA 92704 to new
<br />tenants and is willing to compensate Owner for Owner's loss of rent resulting from Owner's agreement to
<br />keep 2205 S. Bristol St, Santa Ana, CA 92704 vacant during Owner's negotiations with the City, all as
<br />described in more detail below. 4
<br />WHEREAS, Owner and City also desire to agree that, the Subject Property will remain vacant, and
<br />the Owner will not re -rent that property and City will make a monthly payment to Owner to compensate
<br />Owner for Owner's loss of rents, all as described in more detail below.
<br />WHEREAS, it is the desire of the City to minimize or avoid incurring costs, damages, obligations or
<br />liabilities pursuant to any applicable federal, state or local relocation laws or regulations, including without
<br />limitation, the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, 42 U.S.C.
<br />4201-4655, the implementing regulation thereto set forth in 49 CFR Part 24, Government Code Section 7260,
<br />et seq. and/or the implementing regulations thereto set forth in Title 25, section 6000, et seq. of the Code of
<br />Regulations (collectively "Relocation Costs") as a result of City's acquisition of the Subject Property, or any
<br />portion thereof, and Owner desires not to lose rental income during the period of negotiations between Owner
<br />and City for City's acquisition of the Subject Property.
<br />NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the
<br />City and the Owner agree as follows:
<br />1. The City will pay directly to Owner on the first of cach month following the date of this
<br />Agreement, the amount set forth below for the vacant Subject Property.
<br />Unit Identification Rental Rate Vacation Date
<br />2205 S. Bristol St $2,000 4/6/17
<br />Victoria Bastida Vargas $2,000 per month lost rent amount for Subject Property
<br />INSURANCE NOT REQUIRED
<br />WORK MAY PROCEED
<br />CLERK OF COUNCIL
<br />I}Az—� d
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