NAING, MA MAY THET (3) - 2017 - Laserfiche WebLink

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INSURANCE NOT REQUIRED A-2017-233 WORK MAY PROCEED CGERKt}R'COUNCi nnr� AUG 2 2 2017 0' AGREEMENT FOR EXCHANGE OF REAL PROPERTY, MONETARY ,0' 4 RLA (,) CONSIDERATIONS, AND ESCROW INSTRUCTIONS This Agreement for Exchange of Real Property, Monetary Considerations, and Escrow Instructions ("Agreement") is entered as of the —!5Aday of....A-Ltat,�, 2017, by and between the CITY OF SANTA ANA, a California charter city and municipal corporation duly organized under the Constitution and laws of the State of California ("City"), and MA MAY THET NAING, an individual ("Naing"). The City and Naing are hereinafter sometimes referred to collectively as the "Parties," RECITALS A. City owns certain real property commonly known as Orange County Assessor Parcel No. (APN) 109-266-17, located at 1416 South Bristol Street, in the City of Santa Ana, County of Orange, State of California, as more particularly described and depicted in the Legal Description attached hereto as Exhibit "A" and incorporated herein by reference ("Bristol Property"). B, A copy of the Grant Deed for the Bristol Property, filed with the County of Orange as Document No. 93-0277611, is attached hereto as Exhibit "B" and incorporated herein by reference. C. The Bristol Property was acquired by the City on April 27, 1993, as part of the St. Andrew Place to McFadden Avenue Phase of the Bristol Street Improvement Project. This remnant parcel has been vacant since the City's acquisition and is not needed for public use or improvements. D. Naing owns certain real property commonly known as Orange County Assessor Parcel Nos. (APN) 011-251-17, -18, -19, -20, -38, and -39, located at 1113 to 1125 South Standard Street, in the City of Santa Ana, County of Orange, State of California, as more particularly described and depicted in the Legal Description attached hereto as Exhibit "C" and incorporated herein by reference ("Standard Property"). E. A copy of the Grant Deed for the Standard :Property, filed with the County of Orange as Document No. 15-0625408-02, is attached hereto as Exhibit "D" and incorporated herein by reference. F. The Parties desire by this Agreement to provide the terms and conditions for the exchange of fee interests in the Bristol Property and the Standard Property. AGREEMENT THEREFORE, for and in consideration of their mutual promises, covenants and agreements, and subject to the terms, conditions and provisions of this Agreement, the Parties agree as follows: