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11/3a/~ <br /> <br />PURCHASE AGi~.EMEIFF <br /> <br />I. pI~OPERTY TO BE SOLD. ~al a~e~s to s~ll szd City agrees to buy all of <br />Pntdentiars right, title and intacst in that ~ teal prol~n7 ~onsisting of ~wo f2) <br />parcels, the first parcel is approximately 1.93 aacs locazcl southcfiy of S~oncridgc Driv~ <br />(commonly known as APN 946.3325.9~02), .ha the ~nd parc~ is approximately <br />0.11 ~ lt~sz~ nm'tl~ty of Stot~,ridge Drive (commonly known ~s APN 94.6-3325- <br />95-03), both patccis locazed in Alameda County, California, des~ibe. d more paxiicular|y <br />in ~ attached ~ inc~tporat:d ~ by re, lin~= (~he <br /> <br />IX. PURCHASE PRICE. The purchase price for the Propcrt~ shall bc Two Hundzai <br />and Ten Thousa-d Dollars ($210,000.00) C'Purcbas~Price")- 4 <br /> <br />III. REVIEW OF PROPEKTY. Within five (5) days of execution of this Agreement, <br />pnsdentialshalldclivertotl~--Cit~irue--asr. curate~piesofsurv~Ts, u-b~ilt ?~ <br /> b cod <br />m_e~_~-niCad, ~ectrical add st~ platIS ~ StP.~i~OIIS, alg ~ppli~a le ~ p~ <br /> <br />maps, to lhe extent available. <br /> <br />Upon execusion afthis A4~reement, PrddeLtiai shall provide the City with access to the l <br />Property to inspect eve~ pan of tlz Prcperty to determine its present condition. ' <br /> <br />l'n: City shall bavc fifb:at (1 ~) busine~ days from exccuzion or' this Agreement to , <br />approve the con~iizior, of the Prope~y in the CitT's sole discretion ("Approval Perio4"). <br />If t.~e Cit7 approves ~.: condition dthe Proper~, d~ City ~%sll notill, Pn~L*ntial prior',o <br />the expirazion of the Approval Perit~ If the Cit~ nodtics P~d~Sl :hal d~ Civ/does ~ <br />not approve of th~ condition of tlz Propaty, this Agreement shall terminate without, , <br />liability on zhe pan of the Cit7 or Prudential. ~ <br />IV. ~. The sale shall bc wnsummated thwugh an escrow established Wi?ll <br />Chicago Iitle Ct,mpany, 4637 Chabot Drive, Suite 105, PIston, CA 945gg. Chicago <br />Title Company s:mll bc the csr. row agent for this Innsaction. Tnc "close of escrow" shall <br />bc when the Sran~ d~ed to the prolr. rty is recorded. P, cal pzoperty taxes and insurm~. <br />,k,n be prorazed ~s of the closing date cn the basis of a zhin~ day month. <br /> <br />V. TITLETOPI~0PERTY. ritl~'~gthcPro.uerr/:~sllxconveYcdt°theCicYat,t~e <br />clos~ of cscrow by grant deed, subject. to m~,.rs uf title ~,proval by the Civ/. Th~ <br />Property shall bc ~ ~md cl~r of any hen, cxccpii~ns s, r. ncumbrances, excepz for <br />~hose speci~:.alty ~i~:roved by the Ctt~. <br /> <br /> <br />