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09
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2022
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071922
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7/14/2022 3:03:29 PM
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7/14/2022 2:27:16 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
7/19/2022
DESTRUCT DATE
15Y
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09 SUPPLEMENTAL
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Gimwow T.P.HERITAGE Imm Amo S.S.HERrrAGIE Imm APN: 9414300-14AND 941-130045 <br /> ftox= Jommsom Onm Ecomoiac DmLopww ZoNE PRojEcT <br /> and 2-1 and Attachment 3 and 3-1, including their Exhibits A(Legal Description)and B(Plat <br /> Map). <br /> 3. Purchase. <br /> A. Consideration. The Fee, Easement, and TCE described herein is being conveyed by <br /> GRANTOR to the CITY at no cost. GRANTOR has received $591,000 in development <br /> entitlement costs credits,which they have expended in total,that is equal to the fair market <br /> valuation of the Fee, Easement, and TCE. No additional compensation for the Fee, <br /> Easement, and TCE is due to GRANTOR by CITY. <br /> B. Deductions CITY may deduct and pay from the consideration any amount necessary to <br /> satisfy any liens, bond demands and delinquent taxes due in any year except the year in <br /> which this escrow closes,together with penalties and interest, and/or delinquent and unpaid <br /> non-delinquent assessments,which may have become a lien at the close of escrow. <br /> C. Current taxes. Taxes for the tax year in which this escrow closes shall be cleared and <br /> paid in the manner required by Revenue and Taxation Code Section 5086 if unpaid at the <br /> close of escrow. <br /> D. Escrow and title chames. CITY agrees to pay all escrow, recording and title insurance <br /> charges, if any, incurred in this transaction. <br /> E. Clear title. Close of escrow for this transaction is contingent upon the title company <br /> receiving deeds of reconveyance from any deed of trust or mortgage holder trustees and <br /> beneficiaries. If the Property is secured by a mortgage(s) or deed(s)of trust, GRANTOR is <br /> responsible for payment of any demand under authority of said mortgage or deed of trust <br /> out of GRANTOR's proceeds. Such amounts may include, but not be limited to, payments <br /> of unpaid principal and interest. <br /> F. Improvements. The consideration in Section 3.A. includes payment for the following <br /> improvements: NIA. <br /> G. Cost to Cure Damages. N/A <br /> 4. Temporary Construction Easement. GRANTOR hereby grants to CITY a TCE for the use <br /> and storage of tools, machinery, materials and equipment by CITY, over, across and upon that <br /> certain real prop"as described and depicted in Attachment 4, Exhibits A and A-1 and Exhibits <br /> B and B-1 attached hereto and made a part hereof,together with the right of ingress to and egress <br /> from said property and the right at all times to enter and use said real property and every part <br /> thereof for all purposes connected with the construction of the proposed public improvement for <br /> a period of 12 months. Said period to commence with first entry on GRANTORs property by <br /> CITY'S contractor. At least 48 hours advance written notice will be given before any entry on <br /> GRANTOFrs property. The amount set forth in Clause 3 herein includes full payment for the TCE. <br /> A. CITY agrees to promptly restore any damage to the construction easement area <br /> and/or the parcels upon which the construction easement area is situated(and the <br /> improvements located thereon) caused by CITY's entry upon the construction <br /> easement area or work performed in connection with the Project. <br /> B. CITY agrees upon completion of any of its works hereunder to restore, as near as <br /> possible, the surface of the TCE to the condition in which it was prior to the <br /> commencement of the work related to the proposed public improvement. <br />
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