RES 98036 - Laserfiche WebLink

,1998 FIRST BAPTIST CHURCH OF PLEASANTON Grantor(s) REAL PROPERTY PURCBASE CONTRACT CITY OF PLEASANTON FIRST STREET BRIDGE ROAD WIDENING PROJECT Assessor's Parcel No. 94-95-11-1 (Por.) A document in the form of a Grant of Easement and a Temporary Construction Easement, covering .the property particularly described in the said instruments has been executed and delivered to Albert Jordan, Associate Right-of-Way Agent, County of Alameda, acting on behalf of the City of Pleasanton. In consideration of which, and the other considerations hereinaf~er set forth, it is mutually agreed as follows: 1. (A) The parties have herein set forth the whole of their agreement. The performance of this agreement constitutes the entire consideration for said document and shall relieve the City of Pleasanton of all further obligation or claims on this account, or on account of the proposed public improvement. (B) Grantee requires said property for the First Street Bridge Widening project, a public use for which the City of Pleasanton has the authority to exercise the power of eminent domain. Grantor is compelled to sell, and City is compelled to acquire the property. 'Both grantor and grantee recognize the expense, time, effort and risk to both grantor and grantee in determining the compensation for the property by eminent domain litigation; and the compensation set forth herein for the property is in compromise and settlement, in lieu of such litigation.. 2. The City of Pleasanton shall: (A) Pay the undersigned Grantor the sum of $37,350.00, for the property or interest conveyed by the above document when title to said property vests in the City of Pleasanton, flee and clear of all liens, encumbrances, assessments, easements and leases (recorded and/or unrecorded), and taxes, except: a) Taxes for the fiscal year in which escrow closes which shall be cleared and paid in the manner required by Section 5086 of the Revenue and Taxation Code, if unpaid at the close of escrow. Exhibit "A" Page 6 of 27