RES 83510 - Laserfiche WebLink

ADDENDUM TO REAL PROPERTY PURCHASE CONTRACT November 7, 1983 Mr. Robert L. Warnick Oirector of Public Works Cit.v of Pleasanton 200 Wernal Avenue Pleasanton, California 94566 Re: Del Valle Parkway Extension Property located East of the easterly end of Del Valle Parkway Assessor!s No. 946-3370-10-1 Dear Nr. Warnick: ~he underSigned~ owner of the aT:~ve designated property, does hereby request as a supplemen~ Co the Real Pr~z~erty PurChase Contract executed October 25, 1983, that the sum of T~o Hundred Four Thousand and 00/100 Dollars ($204,000.00}, the amount offered and accepted for the required real property, be disbursed under the following terms and conditions. (a) The amount of $51,000.00 to be paid to grantor on December 19, 1983, through Northwestern Title Company of Alameda County, Escrow No. 84349. (b) Grant Deed, Margaret D. Simmons, to City of Pleasanton, to be recorded on December 19, 1983. City of Pleasanton to take ownership and possession of propert~ on December 19, 1983. (c) lhe amount oF $51,000.00, p/us one manth's interest on remaining balance of $153,000,00 at legal rate of 7% per annum, be paid to grantor on January 19, 1984. Total payment on January 19, 1984: $51,000.00 + $892.50 = $51,892.50. (d) The amount of $51,000.00, plus one year's interest at the legal rate of 7% per annum on remaining balance of $102,000.00 to be paid to grantor on January 19, 1985. Total payment on January 19, 1985: $51,000.00 +-.$7,140.00 = $58,14d.00. (e) The amount of $51,000.00, plus one year's interest at the legal rate of 7% pe~ annum on remaining balance of $51,000.00 to be paid to grantor on January 19, 1986, $51,000.00 + $3,570.00 = $54,570.00.