Laserfiche WebLink
with a single lot of <br />Property") , with the <br /> <br />approximately one acre (the "Reconstituted <br /> <br />City retaining a relocatable access easement <br /> <br />along the northf!:r]y bourldary. <br /> <br /> b. Under all agJ'eement entitled "Right-of-Entry Agreement" <br /> <br />dated July 31, 198,'~, the City was given a license for entry upon <br />the Property for the purpose of construction of the improvements. <br />Both parties wish to complete the transfers of property contem- <br />plated herein prior to the completion and operation of the re- <br />aligned Pimlico Drive. <br /> <br /> NOW, THEREFORE, the parties hereto agree as follows: <br /> <br /> 1. 9ony~y.B~:~_..gf Lands to the City. <br /> (a) ~_~]9!!g.~rive Right-of-Way. Upon execution of this <br /> Agreement, Shepherd shall convey to City that por- <br /> tion of the Property described in Exhibit B and <br /> shown on Exhibit B-l, containing approximately <br /> 0.197 acres, by grant deed in fee simple absolute, <br /> free and clear of all liens, encumbrances, assess- <br /> ments, easements, (except those of record accepted <br /> by the City), leases, and taxes, except taxes for <br /> the fiscal year in which this escrow closes, which <br /> shall be cleared and paid in the manner required by <br /> Section 4986 of the Revenue and Taxation Code, if <br /> unpaid at the close of escrow. <br /> <br /> (b) ~.~.l~.9__Dr~y~_~_S~. Upon execution of this Agree- <br /> ment, Shepherd shall convey to City a 9.5 foot wide <br /> PSE along the southerly boundary of the <br /> Reconstituted Property as described in Exhibit C <br /> and shown on Exhibit C-l, containing approximately <br /> <br />- 2 - <br /> <br /> <br />