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Liocuorf2n CUVeluNe r1J.M...4 7,:33-/CUM-4/Co-o44o-csr3s3„yu3otaC Attachment 1
<br /> AI RCR
<br /> STANDARD OFFER,AGREEMENT AND ESCROW INSTRUCTIONS
<br /> FOR PURCHASE OF REAL ESTATE
<br /> (Non-Residential)
<br /> Dated: October 31, 2018
<br /> 1. Buyer.
<br /> 1.1 _City ,>f Pleasanton ,("Buyer")hereby offers to purchase the real property,hereinafter described,from the owner thereof("Seller")
<br /> (collectively,the"Parties"or individually,a"Party"),through an escrow("Escrow")to close 10 a: days after the waiver or expiration of the Buyer's
<br /> Contingencies,however,no later than December 31,2018("Expected Closing Date'Ito be held by Chicago Title Compan y
<br /> ("Escrow Holder")whose address is 1676 N. California Boulevard. Suite :17_ Walnut Creek. California
<br /> 94:96 Attention: .curie BaJdin.t-Smith. ,PhoneNo. .925: 298-835: ,Facsimile No. upon the terms
<br /> and conditions set forth in this agreement("Agreement"). Buyer shall have the right to assign Buyer's rights hereunder,but any such assignment shall not relieve
<br /> Buyer of Buyer's obligations herein unless Seller expressly releases Buyer20.2)of this document or a
<br /> 1.2 The term"Date of Agreement"as used herein shall be the date when by execution and delivery(as defined in paragraph
<br /> subsequent counteroffer thereto,Buyer and Seller have reached agreement in writing whereby Seller agrees to sell,and Buyer agrees to purchase,the Property upon
<br /> terms accepted by both Parties.
<br /> 2. Property.
<br /> 2.1 The real property("Property'}that*the subject of this offer consists of(insert a brief physical description) an office and retail
<br /> building on approximately 0.42 acres is located in the County of Alameda ,iscommonly known as(street address,city,state,
<br /> tip) 4363 and 4377 First Street, Pleasanton, ' ,.rnia 94566 and is legally described as: (T Da
<br /> provided in escr=w, (APN: 94-106- - )-
<br /> 2.2 If the legal description of the Property Is not complete or is inaccurate,this Agreement shall not be invalid and the legal description shall be completed or
<br /> corrected to meet the requirements of Chi.cago 'I'1 ...e Company ("Title Company"),which shall issue the title policy hereinafter described.
<br /> 2.3 The Property includes,at no additional cost to Buyer,the permanent improvements thereon,including those items which pursuant to applicable law are a
<br /> part of the property,as well as the following items,if any,owned by Seller and at present located on the Property:electrical distribution systems(power panel,bus
<br /> ducting,conduits,disconnects,lighting fixtures):telephone distribution systems(Imes,jacks and connections only);space heaters;heating,ventilating,air
<br /> conditioning equipment("HVAC');air lines;fire sprinkler systems;security and fire detection systems,carpets;window coverings;wall coverings;and
<br /> (collectively,the"Improvements").
<br /> 2.4 The fire sprinkler monitor: is
<br /> is owned by Seller and included in the Purchase Price, is leased by Seller,and Buyer will need to negotiate a new lease
<br /> with the lire monitoring company, .1 ownership will be determined during Escrow,or there is no fire sprinkler monitor.
<br /> 2.5 Except as provided in Paragraph 2.3,the Purchase Price does not include Seller's personal property,furniture and furnishings,and all of
<br /> which shall be removed by Seller prior to Closing.
<br /> 3. Purchase Price.
<br /> 3.1 The purchase price("Purchase Price")lobe paid by Buyer to Seller for the Property shall be _. . ' C. i ., - ,payable as follows:
<br /> (Strike any not applicable)
<br /> (a) Cash down payment,including the Deposit as defined in paragraph 4.3(mit an all cash transaction,the Purchase Price):
<br /> $2.000.000.00
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<br /> Total Purchase Price: 32.00Q.000.00
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<br /> 4. Deposits.
<br /> • ...
<br /> ... .- ....... .. . .:. . .. . . ... . ., . . . within Lox
<br /> 3 business days atter both Parties have executed this Agreement and the executed Agreement has been delivered to Escrow Holder Buyer shall deliver to
<br /> Escrow Holder a check in the sum of 4'., . . if said check is not received by Escrow Holder within said time period then Seller may elect to
<br /> unilaterally terminate this transaction by giving written notice of such election to Escrow Holder whereupon neither Party shall have any further liability to the other
<br /> under this Agreement.Should Buyer and Seller not enter into an agreement for purchase and sale,Buyer's check or funds shall,upon request by Buyer,be promptly
<br /> returned to Buyer.
<br /> 4.2 Additional deposits:
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<br /> (b) Within 5 business days after the contingencies discussed in paragraph 9.1(a)through(m)are approved or waived,Buyer shall deposit with Escrow
<br /> Holder the additional sum of _ .•9: , ,_ , . to be applied to the Purchase Price at the Closing.
<br /> 4.3 Escrow Holder shall deposit the funds deposited with it by Buyer pursuant to paragraphs4.1 and 4.2(collectively the"Deposit"),in a State or Federally
<br /> chartered bank in an interest bearing account whose term is appropriate and consistent with the timing requirements of this transaction.The intere from shall
<br /> accrue to the benefit of Buyer,who hereby acknowledges that there may be penalties or interest forfeitures if the applicable instrument is redee puf6o its
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<br /> INITIALS Last Edited:10/31/2018 2:10 PM INITIALS
<br /> ®2017 AIR CRE. All Rights Reserved. 0FA-20.170,Revised 01.03-2017
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