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AGREEMENT FOR SALE OF REAL ESTATE (401 and 403 Old Bernal Avenue, Pleasanton, California) THIS AGREEMENT FOR SALE OF REAL ESTATE (this "Agreement") dated for reference purposes only as of , 201_("Agreement Date"), is made and entered into by and between the CITY AND COUNTY OF SAN FRANCISCO, a municipal corporation ("City" or "Seller"), acting by and through its Public Utilities Commission("SFPUC"), and the CITY OF PLEASANTON, a municipal corporation ("Buyer") City and Buyer are each a "Party" and are sometimes collectively referred to in this Agreement as the "Parties") THIS AGREEMENT IS MADE WITH REFERENCE TO THE FOLLOWING FACTS AND CIRCUMSTANCES A. City owns the Property located in the City of Pleasanton in Alameda County, California, described in Section 1 below The Property consists of approximately 3 18 acres, or 138,597 square feet, and is located in downtown Pleasanton, across the street from the Pleasanton Public Library and in close proximity to the Pleasanton Police Department and Pleasanton Civic Center The ACE Rail Pleasanton Station and train tracks are located adjacent to the Property B. The SFPUC has recommended sale of the Property (defined in Section 1) pursuant to Resolution No C. Buyer has submitted the highest and best responsible offer to purchase the Property D. Buyer desires to purchase the Property and City is willing to sell the Property, subject to approval by City's SFPUC, Board of Supervisors, and Mayor, on the terms and conditions set forth in this Agreement ACCORDINGLY, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, City and Buyer agree as follows 1. SALE AND PURCHASE Subject to the terms, covenants and conditions set forth in this Agreement, City agrees to sell to Buyer, and Buyer agrees to purchase from City, City's interest in the unimproved real property located at 401 and 403 Old Bernal Avenue in the City of Pleasanton, Alameda County, State of California, and more particularly described in the attached Exhibit A (the "Property"), as shown generally on the attached Exhibit A-1 2. PURCHASE PRICE 2.1 Purchase Price The purchase price for the Property is Four Million Two Hundred Thousand Dollars ($4,200,000 00) (the "Purchase Price") Buyer shall pay the Purchase Price as follows (a) Within five (5) business days after the Agreement Date (as defined in Section 10 19 below), Buyer shall deposit in escrow with Chicago Title Company, 455 Market Street, Suite 2100, San Francisco, CA 94105, Attention Mary Pat Noeker(the "Title Company"), the sum of One Thousand Five Hundred Dollars ($1,500 00) as an earnest money deposit(the "Initial Deposit") The Initial Deposit shall be non-refundable and shall be applied by City to meet City's ordinary application fees relating to Buyer's due diligence activities on the Property in the event the Closing does not occur Before the expiration of the Contingency Period as provided in Section 5 2 below, Buyer shall increase the Initial Deposit to One Hundred Thousand 1