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HomeMy WebLinkAbout2004-074RESOLUTION NO. 2004-74 RESOLUTION OF THE CITY OF SAN BERNARDINO [ORIZING AND DIRECTING THE EXECUTION OF AN ACQUISITION :EMENT WITH THE SAN BERNARDINO COUNTY FLOOD CONTROL 2ICT AND AN ACQUISITION AGREEMENT AND RIGHT OF ENTRY [ BBC PROPERTIES, LLC, FOR CERTAIN EASEMENTS RELATIVE TO STATE STREET STORM DRAIN PROJECT GENERALLY IN THE 1ITY OF THE SOUTHERLY EXTENSION OF STATE STREET AT BASE STREET. BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE OF SAN BERNARDINO AS FOLLOWS: SECTION 1. That the Mayor of the City of San Bernardino is hereby directed 101 and authorized to execute on behalf of said City, an Acquisition Agreement with the San 111 IBemardino County Flood Control District, a copy of which is attached hereto as Exhibit A", and an Acquisition Agreement and Temporary Right of Entry with BBC Properties , a copy of which is attached hereto as Exhibit `B" and Exhibit "C" respectively, for 14 151 hhe acquisition of certain easements relative to the State Street Storm Drain Project, 16 enerally in the vicinity of the southerly extension of State Street and Base Line Street 17 SECTION 2. Said Agreement shall be null and void if either party fails to 18 execute the Agreement within sixty (60) days of the date of adoption of this Resolution. 19 20 21 22 23 24 25 271 M 2004-74 1 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 21 UTION OF THE CITY OF SAN BERNARDINO AUTHORIZING AND DIRECTING THE ITION OF AN ACQUISITION AGREEMENT WITH THE SAN BERNARDINO COUNTY FLOOD IOL DISTRICT AND AN ACQUISITION AGREEMENT AND RIGHT OF ENTRY WITH BBC RTIES, LLC, FOR CERTAIN EASEMENTS RELATIVE TO THE STATE STREET STORM PROJECT GENERALLY IN THE VICINITY OF THE SOUTHERLY EXTENSION OF STATE T AT BASE LINE STREET. I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and n Council of the City of San Bernardino at a Joint regular meeting held on the 15th day of march 20 04 , by the following to -wit: AYES NAYS Y x V ON x x ABSTAIN ABSENT �M4 6 ec,, ., City lerk 0foregoing resolution is hereby approved, this ft nt day of March roved as to form legal content: [AMES F. PENMAN, �ity Attorney /�/� -- .IUDI TI/VALLES, Mayor Cit/of gan Bernardino 2 2004-74 ACQUISITION AGREEMENT c/o Real Estate Services 825 East Third Street, Room 207 San Bernardino, CA 92415-0832 BUYER: City of San Bernardino WO#: F11761 PROJECT: State Street Storm Drain PARCEL: A APN: 0269-231-20; 0269-271-05 PARCEL: B APN: 0269-181-02 In consideration of the mutual covenants and agreements herein set forth, SAN BERNARDINO COUNTY FLOOD CONTROL DISTRICT (hereinafter referred to as SELLER), agree(s) to sell and convey to the CITY OF SAN BERNARDINO (hereinafter referred to as BUYER), and assigns, that real property (hereinafter referred to as PROPERTY) as described in the attached deed(s) and exhibit(s) and which is (are) attached hereto and made a part hereof. Conveyance of said PROPERTY is by easement and the PROPERTY valuation is summarized as follows: South side of Baseline Road Parcel A Easement Area: 78,323.7 sf @ $0.05 x 90% _ $3,525.00 Subtotal: $3,525.00 North side of Baseline Road Parcel B Easement Area: 7,812.3 sf @ $0.10 x 90% _ $ 703.00 Temporary Easement: 18,75 L3 sf x $0.10/sf=$ 375.00 @ 10% per annum for 2 years $ 375.00 Rounding number $ 22.00 Subtotal: $1,100.00 Total: $4,625.00 The terms and conditions of the contract are as follows: 1. The parties have herein set forth the whole of their agreement. The performance of this agreement constitutes the entire consideration for said PROPERTY and shall relieve the CITY OF SAN BERNARDINO and ITS AGENT(S) of all further obligation or claims on this account, or on account of the location, grade or construction of the proposed public improvements. 2. BUYER agrees to pay SELLER for said PROPERTY and rights thereto the sum of $4,625.00 payable within 120 days from the date this agreement is fully executed by both SELLER and BUYER. In the event BUYER and/or SELLER are/is not in a position to close this TRANSACTION within the above term, SELLER and BUYER agree to extend the TRANSACTION for another 90 days. Any extensions beyond that date will require approval of both SELLER and BUYER in the form of a LETTER. The foregoing AGREEMENT is hereby approved by SELLER and BUYER and hereby agree to sell and to buy said PROPERTY and will deliver to you the papers, instruments and/or funds required within the time limit specified herein and you are authorized to deliver said funds and documents to the appropriate parties at such time that you can issue your policy of title insurance as set forth above. SELLER further agrees to pay any personal property taxes properly chargeable to SELLER. You are also instructed to pay from the amount shown as the total consideration above any other charges to which the parties have agreed. SELLER: COUNTYQF SAN BERN By: Q�ed David Real Estate Services BUYER: By: Date t7 Date �k( A(/ 2004-74 8 Wednesday, July 30, 2003 /o Real Estate Services ACQUISITION CONTRACT 825 Third Street San B Bernardino, CA 924 15-e832 Buyer: City of San Bernardino WON: N11761 APN#: 0269-181-04 Project: State Street Storm Drain Project Parcel#: AGREEMENT In consideration of the mutual covenants and agreements herein set forth, BBC PROPERTIES,A CALIFORNIA GENERAL PARTNERSHIP (hereinafter referred to as SELLER), agree(s) to sell and convey to the City of San Bernardino (tereinafier referred to as BUYER), and assigns, that real property (hereinafter referred to as PROPERTY) as described in the attached deed(s) and cxhibit(s) and which is(are) attached hereto and made a part hereof. Conveyance of said PROPERTY is by fee and the PROPERTY valuation is summarized as follows: Easement Area: 39,912.2 sf@. $0.45 x 90%= $16,164.00 Temporary Right of Entry = 97,284.1 sf x S0.45/sf @10% per annum 2 years — $8,756.00 $80.00 Total: S25,000100 The terms and conditions of the contract are as follows: 1. The parties have herein set forth the whole of their agreement. The performance of this agreement constitutes the entire consideration for said PROPERTY and shall relieve the City of San Bernardino and its agent(s) of all further obligation or claims on this account, or on account of the location, grade or construction of the proposed public improvements. 2. BUYER agrees to pay SELLER for said PROPERTY and rights thereto the sum of $25,000.00 payable within 90 days from the date this agreement is fully executed by both SELLER and BUYER. In the event BUYER and/or SELLER are/is not in a position to close this escrow within the above escrow term, SELLER and BUYER agree to extend the escrow for another 90 days. Any extensions beyond that date will require approval of both SELLER and BUYER in the form of an Amendment to the Escrow Instructions. 3. SELLER agrees that at the time escrow closes, the subject property will be free and clear of any and all rental/lease agreements, written or oral, and free of any tenancy. 4. BUYER agrees to pay all normal escrow and recording fees; and the cost of a standard Policy of Title Insurance issued by COMMERCE TITLE COMPANY. SELLER agrees to pay the cost of any and all charges and fees necessary to provide clear title to BUYER, including but not limited to reconveyance fees, Lost Instrument Bonds and Title Insurance special endorsements as may be necessaryto insure clear title. 5. SELLER agrees to use its best efforts to satisfy of record at or before conveying said PROPERTY and rights, all encum- brances and special assessments which are a lien against the land, as BUYER may require. PROPERTY will be free and clear of all encumbrances except: a. Covenants, conditions, restrictions and reservations of record. b. Easements or rights -of -way over said land for public or quasi -public utility or public street purposes, if any. 6. Upon recordation of the real property conveyed to BUYER, BUYER will request cancellation of the real property taxes for the property conveyed pursuant to Section 4986, California Revenue and Taxation Code, as amended. If current taxes have not yet been paid, SELLER shall pay through escrow or out of SELLER's proceeds, the installment applicable to the period in which escrow Page 1 of 4 EXHIBIT "B" 2004-74 . Wednesday, July 30, 2003 I do Real Estate Services $li $ Third Street ACQUISITION CONTRACT . San Bernardino. CA 92415-0832 closes. if tuxes are not yet due and payable and the exact amount that will be due is unknown, escrow holder is hereby instructed to withhold from SELLER's proceeds an aniount of funds equal to one hundred and ten percent (110%) of the second installment of the most recent tax bill. Once the exact amount of the new tax bill is knowti, escrow holder will promptly pay the amount due, prior to the delinquent date, to the County Tax Collector. Any excess funds will be returned to SELLER by the escrow holder after said payment is made. Taxes will NOT be prorated between SELLER and BUYER in escrow. The taxing authority will notify SELLER of any refund due SELLER resulting front the subject acquisition after a review and any subsequent proration of the property tax assessment by the County Assessor. SELLER retains the right, following close of escrow, to apply to the County Tax Collector for refund pursuant to Revenue and Taxation Code 5096.7. 7. SELLER agrees that BUYER may. notwithstanding the prior acceptance of this agreement, acquire title to said PROPER- TY and rights by condemnation or other judicial proceedings, in which event SELLER agrees to cooperate with BUYER in the prosecution of such proceedings; agrees that the consideration hereinabove stated shall be the full amount of just compensation, inclusive of interest, for the taking of said PROPERTY and rights; agrees that the consideration recited in paragraph 2 hereof constitutes the full amount of the purchase price for the PROPERTY and rights and shall be prorated among all persons having an interest in this property as their respective interests may appear; and agrees that the said consideration shall be in full satisfaction of any and all claims of SELLER for payment for the right of occupancy and use hereinafter provided for in paragraph seven (8). 8. As additional consideration for the payment of the purchase price hereinabove set forth, SELLER hereby grants to BUYER, and assigns, the right of immediate occupancy and use of the land in which said PROPERTY is to be granted for the purpose of exercising any of the rights being conveyed hereby in said PROPERTY from and after execution of this contract until such time as said PROPERTY is conveyed and accepted by BUYER. 9. Ally holders of a beneficiary interest in the subject area secured by a trust deed and promissory note, will be asked to provide a full reconveyance relinquishing their interest in the property being acquired. SELLER agrees to cooperate with BUYER, and/or the escrow holder, in obtaining said reconveyance. 10. The terms and conditions aforesaid are to apply to and bind the heirs, executors, administrators, successors, and assigns of the SELLER. 11. Ail terns and conditions with respect to this agreement are expressly contained herein and SELLER agrees that no representative or agent of BUYER has made any representation or promise with respect to this agreement not expressly contained herein. 12. SELLER hereby represents and warrants that during the period of SELLER ownership of the property, there have been no disposals, releases or threatened releases of hazardous substances or hazardous wastes on, from, or under the property. SELLER further represents and warrants that SELLER has no knowledge of any disposal, release, or threatened release of hazardous sub- stances or hazardous wastes on, from, or under the property which may have occurred prior to SELLER taking title to the property. The acquisition price of the property being acquired in this transaction reflects the fair -market value of the property without the presence of contamination. If the property being acquired is found to be contaminated by the presence of hazardous waste which requires mitigation under Federal or State law, BUYER may elect to recover its cleanup costs from those who caused or contributed to the contamination. ESCROW INSTRUCTIONS TO: ANY RELIABLE ESCROW BUYER agrees to purchase the PROPERTY referenced above upon the terms and conditions described in the AGREEMENT for a total consideration of $25,000.00 and will, within 90 days from the date BUYER's signature is affixed hereto, hand you said consideration for delivery to SELLER at close of escrow, together with any additional funds and/or instruments necessary to comply with the terms hereof, all of which you may use when you can issue your standard coverage form policy of title insurance with Page 2 of 4 2064-74 c/o Real Estate Services ACQU�S�T��N CONTRACT Wednesday, July 30, 2003 s25 E. Third Street San Bemardino, CA 92415-0932 liability not less than the amount stated as total consideration, showing title vested in the BUYER, or assigns, free of all encum- brances, excepting those encumbrances sho)&u in Title Report number 7302698.40, dated , provided by COMMERCE TITLE COMPANY, approved in writing by BUYER, and such other encumbrances as are approved in writing by BUYER, which approvals shall not be unreasonably withheld. if you are not in a position to issue your standard coverage form policy of title insurance as required hereby within 90 days from that date hereof and any extensions thereof, the AGREEMENT and this escrow shall terminate unless extended by mutual agreement between BUYER and SELLER. All disbursements shall be made by your check. All funds received in this escrow shall be deposited in one or more of your general escrow accounts with any bank doing business in the State of California and may be transferred to any other general escrow account(s). The expression "close of escrow" means the date on which the deeds conveying the PROPERTY to BUYER are record- ed. Close of escrow shall be on or before 90 days from the date of signature hereof All adjustments are to be made on the basis of a thirty -day month. Recordation of any instruments delivered through this escrow, if necessary or proper in the issuance of a policy of title insurance called for, is hereby authorized. You are to furnish a copy of these instructions, amendments thereto, closing statements and/or documents deposited in this escrow to the lenders, real estate broker(s) and/or the attorneys) involved in this transaction upon request of such lenders, brokers, or attorneys. Should you before or after close of escrow receive or become aware of any conflicting demands or claims with respect to this escrow or the rights of the parties hereto, or any money or property deposited herein or affected hereby, you shall have the right to discontinue any and all further acts on your part until each conflict is resolved to your satisfaction, and you shall have the further right to commence or defend any action or proceedings for the determi- nation of such conflict. The parties hereto jointly and severally agree to pay all costs, damages, judgments and expenses, including reasonable attorney's fees, suffered or incurred by you in connection with, or arising out of this escrow, including but without limiting the generality of the foregoing, a suit in interpleader brought by you. In the event you file a suit in interpleader, you shall ipso facto be fully released and discharged from all obligations imposed on you in this escrow. Time is declared to be the essence of these instructions. If you are unable to comply with the time specified herein and such additional time is required to make examination of the official records, you will return all documents, money, or property to the party entitled thereto upon satisfactory written demand and authorization. Any amendment of and/or supplement to any instructions must be in writing. These escrow instructions and amendments hereto may be executed in one or more counterparts, each of which independently shall have the same effect as if it were the original, and all of which taken together shall constitute one and the same instruction. In the event Buyer, Seller, and/or assigns, utilize "Facsimile" transmitted instructions by ( panafax, telefax, etc.), Escrow Holder is instructed to rely and act upon such instruction in the same manner as if original signed instructions amendment were in the possession of Escrow Holder and Buyer and/or Seller herein agree to forward signed hard copies of instructions within 48 hours of transmission. Escrow Holder shall have no liability to any party for relying upon facsimile instructions which were erroneously transmitted to Escrow Holder. Buyer and Seller agree that when necessary to permit compliance with closing instruction, Escrow Holder may rely on facsimile transmitted demands. Buyer and Seller further acknowledge and agree that documents necessary for recording with non -original (facsimile) print and/or signatures will not be accepted for recording by the County Recorder, thus delaying the close of escrow. The obtaining or assignment of insurance shall not be handled through this escrow. Escrow holder is hereby relieved of all liability and/or responsibility in connection with lire closing of this escrow without benefit of evidence of insurance coverage. Parties to this transaction are aware and understand that as a result of the passage of the tax reform act of 1986 which added Section 6045(e) to the Internal Revenue Code, the seller in this transaction is to deposit, prior to close of escrow, certain information including all sellers' names and tax identification numbers, and that the closing of this transaction will be delayed in the event escrow has not received same from seller prior to close of escrow. Escrow holder will forward information as required by above Internal Revenue Code Section on forms as prescribed therein. In order to comply with Section 1445 of the Internal Revenue Code; and Sections 18805 and 26131 of the California Revenue and Taxation Code, Seller will complete and deposit into escrow the documents provided by the escrow holder required by the above referenced code sections. ANY RELIABLE ESCROW serves only as an escrow holder in connection with these instructions and cannot give legal advice to any party hereto. Escrow holder is not to be held accountable or liable for the sufficiency or correctness as to form, manner of execution, or validity of any instrument deposited in this escrow, nor as to the identity, authority or rights of any person executing the same. Escrow holder's duties hereunder shall be limited to the proper handling of such money and the proper safekeeping of such instruments, or other documents received by escrow holder, and for the disposition of same in accordance with the written Page 3 of 2004-74 ' Wednesday, July 30, 2003 4 c/o Real Estate Services ACQUISITION CONTRACT 825 E. Third Street San Bernardino, CA 92415-0832 instructions accepted by escrow holder. The agency and duties of escrow holder commence only upon receipt of copies of this instruction executed by all parties. At the close of escrow you are to deliver all documents, including a Conformed Copy of the recorded deeds of conveyance, to the County of San Bernardino, Real Estate Services Department. The foregoing AGREEMENT and ESCROW INSTRUCTIONS are hereby approved by SELLER and BUYER and hereby agree to sell and to buy said PROPERTY and will deliver to you the papers, instruments and/or funds required within the time limit specifieds herein; and you are authorized to deliver said funds and documents to the appropriate parties at such time that you can issueyour policy of title insurance as set forth above. SELLER further agrees to pay any personal property taxes properly chargeable to SELLER. You are also instructed to pay from the amount shown as the total consideration above any other charges to which the pares have agreed. SELLER: &. — M ymeo. Omoklj r- BCProperties �pG I�LLC vMMkr7wt BUYER: City of San Bernardino BY: BY: Date Date Page 4 of 4 PROJECT NAME: W. O. NUMBER: PARCEL NO: APN: 2oo4_-74 • State Street Storm Drain Project NI1761 0269-181-04 • TEMPORARY RIGHT OF ENTRY BBC PROPERTIES, a California general partnership hereby consent(s) to permit the CITY OF SAN BERNARDINO, a body corporate and politic of the State of California, its officers, agents and employees and persons under contract with said City and their employees, the privilege and right to enter upon or across the property shown in red on the map attached hereto and made a part hereof, for construction purposes: The purpose of the temporary right of entry is for: Construction of a storm drain This temporary construction easement will expire upon completion of the construction project or not later than November 1, 2005. Hold Over Provision: The City will have the right to hold over on a month to month basis upon expiration of the initial term of the Temporary Right of Entry at the same monetary rate as calculated in the initial offering. It is understood that this permission is not a waiver, in any way, of the right to compensation for such land or of any remedy authorized by law to secure payment thereof. It is further understood that owners shall be held harmless for any injury to construction personnel or damage to construction equipment during the period of construction. A 64c- VWWT, ka , W-C Recommended for approval by: BY: �� /' ` - DATA: I.:2A-41 L y tJt -13 Date BBC Properties Date Approved by: BYc DATE: EXHIBIT "C" • 2004-74 • Sheet 'I of 3 EXHIBIT "A" That portion of Lot 185 of the Semi -Tropic Land and Water Company Subdivision, situated in the City of Rialto, County of San Bernardino, State of California, as shown on Map on file in Book 6, page 12 of Maps, in the Office of the County Recorder of San Bernardino County, California, said land described in a Quitclaim Deed to BBC Properties on November 13, 1990 as Instrument No. 90-451490, in the Office of the County Recorder of said County, described as follows: Parcel "A" A strip of land 98.43 feet wide, being 32.81 feet westerly and 65.62 feet easterly of the following described centerline: COMMENCING at a the centerline intersection of that Base Line Road (60 feet wide) with California Street (62 feet wide) as shown on Record of Survey 98-0106, recorded in Book 112, pages 47 through 54 inclusive of Records of Survey, said centerline being the south line of said Lot 185, said point being distant North 89044'41" East, 5.11 feet along said centerline from the southeast corner of said Lot; thence South 89044'41" West, 932.71 feet along said centerline; thence North 35"46'16" East, 203.60 feet to the beginning of a curve, concave westerly, having a radius of 180.44 feet; thence along said curve an arc length of 28.39 feet, through a central angle of 09100'49" to a point on the northerly line of land described as Tract 143-A in Quitclaim Deed to the San Bernardino County Flood Control District, recorded March 23, 1950 as Book 2550, Page 145, Official Records of said County, a radial line through said point bears South 63'14'33" East, said point being the POINT OF BEGINNING; thence continuing along said curve, an arc length of 141.25 feet, through a central angle of 44"50'52" to the beginning of a compound curve, concave southwesterly, having a radius of 4384.06 feet, a radial line through said point bears North 71°54'35" East; thence along said curve an arc length of 508.32 feet, a central angle of 06038'36" to the beginning of a compound curve, concave southwesterly, having a radius of 1033.46 feet, a radial line through said point bears North 65"15'59" East; thence along said curve an arc length of 137.86 feet, through a central angle of 07038'24" to a point hereinafter referred to as Point "A", a radial line through said point bears North 57"37'26" East, said point being the POINT OF TERMINUS The sidelines of the above mentioned strip shall be prolonged, extended or shortened so as to create a continuous boundary and terminate on the northerly line of said Base Line Road and northerly line of Tract 143-A. J:19812%TASK 33Vegal,Uce-04A p • 2004-74 • sheet 2 of 3 Parcel "B" BEGINNING at said Point "A"; thence South 57037'26" West, 32.81 feet to the beginning of a non -tangent curve, concave southwesterly, having a radius of 1000.65, a radial line through said point bears North 57"37'26" East; thence along said curve an arc length of 85.94 feet, through a central angle of 04055'15"; thence North 26024'55" West, 201.28 feet; thence North 62028'27" East, 30.79 feet to a point on the northerly line of said Lot 185; thence South 45°21'37" East, 17.76 feet along said northerly line of Lot 185, thence South 29"31'32" East, 36.48 feet; thence South 44°15'54" East, 234.71 feet, thence South 57037'26" West, 65.62 feet to the POINT OF BEGINNING. See sheet 3 of 3 for a plat depicting the above -described property. This real property has been described by Professional Land Surveyor;�Act. expires 09-30-05 under my direction, in conformance with the NO.4430 Exp.09/30105 J996129\TASK 33Vegals6c"4AM CURVE D&A 6=09'00'49" 7'38'24" Cl: R=180.44' C3: R=1033.46' L=28.39' L=137.86' p=44*50'52" �=04'S5'15" C2: R=180.44' C4: R=1000.65' L=141.25' L=85.94' SCALE: 1 "=200' SEE DETAIL "C" P.O.B. 9Pn P.O.T. m. PARCEL "A" \, SEE DETAIL "B" 0 0 w 2004-74 ,S89'44'41 "W 932.71' SE COR. LOT 185 DETAIL "A" NOT TO SCALE N62'28'27"E 30.79' JT "A" pC� S9 -' N6S �5 -- INST. NO. 90-451490, O.R. m vZ U P. 1 SHEET 3. OE 3 °4" EXHIBIT "A" N89'44'41"E 5.11' S45'21'37"E r 17.76' S29'31'32"E 1 \ , s A9l 4 B, PARCEL "A" DETAIL "B" NOT TO SCALE LINE DATA Ll: S57'37'26"W (R) 32.81' L2: 55737'26"W (R) 65.62' DETAIL "C" NOT TO SCALE PCB 'e`S N715g35E lal -- POR. LOT IE35 SEMI -TROPIC LAND & WATER COMPANY SUB. M.S. 6/12 PELINE 7p R BO OK 2550 143- 2550/745 O.R. / BASE LINE ROAD j 0I 1 L- 932.71 M 589'44'41'�N P.O.B. PARCEL "8" Q p Lu LL LNLLLI 0 ( v i �—S'LY LINE LOT 185 0 � i/ P.O.0 SEE DETAIL "A"T PARCEL A PARCEL "E IN THE CITY OF RIALTO, COUNTY OF SAN BERNARDINO. STATE OF CALIFORNIA AREA TEMPORARY EASEMENT ssociated Engineers, Inc.SQUARE FEET: 97,z64.1 PLAT TO ACCOMPANY LA 311 EAST SHELBY STREET ONTARIO, CA 91764 LEGAL DESCRIPTION TEL (909) 980-1982 FAX: (909) 941-0891 PARCEL No.: 2.233 Wednesday, July 30, 2003 ,;/o Real Estate Services ACQUISITION CONTRACT S,niB. Third Sveel — San ernardino. CA 924 U-OR32 Buyer: City of San Bernardino NYO#: N11761 APN#: 0269-181-04 Project: State Street Storm Drain Project Parcel#: AGREEMENT In consideration of the mutual covenants and agreements herein set forth, BBC PROPERTIES,A CALIFORNIA GENERAL PARTNERSHIP (hereinafter referred to as SELLER), agrec(s) to sell and convey to the City of San Bernardino (hereinafter referred to as BUYER), and assigns, that real property (hereinafter referred to as PROPERTY) as described in the attached deed(s) and exhibit(s) and which is(are) attached hereto and made a part hereof. Conveyance of said PROPERTY is by fee and the PROPERTY valuation is summarized as follows: Easement Area: 39,912.2 sf C $0.45 x 90%= $16,164.00 Temporary Right of Entry = 97,284.1 sf x $0.45/sf @ 10% per aimum 2 years = $8,756.00 $80.00 Total: $25,000A The terms and conditions of the contract are as follows: 1. The parties have herein set forth the whole of their agreement. The performance of this agreement constitutes the entire consideration for said PROPERTY and shall relieve the City of San Bernardino and its agent(s) of all further obligation or claims on this account, or on account of the location, grade or construction of the proposed public improvements. 2. BUYER agrees to pay SELLER for said PROPERTY and rights thereto the sum of $25,000.00 payable within 90 days from the date this agreement is fully executed by both SELLER and BUYER. In the event BUYER and/or SELLER are/is not in a position to close this escrow within the above escrow term, SELLER and BUYER agree to extend the escrow for another 90 days. Any extensions beyond that date will require approval of both SELLER and BUYER in the form of an Amendment to the Escrow Instructions. 3. SELLER agrees that at the time escrow closes, the subject property will be free and clear of any and all rental/lease agreements, written or oral, and free of any tenancy. 4. BUYER agrees to pay all normal escrow and recording fees; and the cost of a standard Policy of Title Insurance issued by COMMERCE TITLE COMPANY. SELLER agrees to pay the cost of any and all charges and fees necessary to provide clear title to BUYER including but not limited to reconveyance fees, Lost Instrument Bonds and Title Insurance special endorsements as maybe necessary to insure clear title. 5. SELLER agrees to use its best efforts to satisfy of record at or before conveying said PROPERTY and rights, all encum- brances and special assessments which are a lien against the land, as BUYER may require. PROPERTY will be free and clear of all encumbrances except: a. Covenants, conditions, restrictions and reservations of record. b. Easements or rights -of --way over said land for public or quasi -public utility or public street purposes, if any. 6. Upon recordation of the real property conveyed to BUYER, BUYER will request cancellation of the real property taxes for the property conveyed pursuant to Section 4986, California Revenue and Taxation Code, as amended. If current taxes have not yet been paid, SELLER shall pay through escrow or out of SELLER's proceeds, the installment applicable to the period in which escrow Page 1 of 4 �i - - c/o Real Estate Services ACQUISITION CONTRACT Wednesday, July 30, 2003 82- E. I hird Slreel San Bemardino, CA 92415-0832 closes. If taxes are not yet due and payable and the exact amount that will be due is unknown, escrow holder is hereby instructed to withhold from SELLER's proceeds an amount of funds equal to one hundred and ten percent (110%) of the second installment of the most recent tax bill. Once the exact amount of the new tax bill is known, escrow holder will promptly pay the amount due, prior to the delinquent date, to the County Tax Collector. Any excess funds will be returned to SELLER by the escrow holder after said payment is made. Taxes will NOT be prorated between SELLER and BUYER in escrow. The taxing authority will notify SELLER of any refund due SELLER resulting from the subject acquisition after a review and any subsequent proration of the property tax assessment by the County Assessor. SELLER retains the right, following close of escrow, to apply to the County Tax Collector for refund pursuant to Revenue and Taxation Code 5096.7. 7. SELLER agrees that BUYER may, notwithstanding the prior acceptance of this agreement, acquire title to said PROPER- TY and rights by condemnation or other judicial proceedings, in which event SELLER agrees to cooperate with BUYER in the prosecution of such proceedings; agrees that the consideration hercinabove stated shall be the full amount of just compensation, inclusive of interest, for the taking of said PROPERTY and rights; agrees that the consideration recited in paragraph 2 hereof constitutes the full amount of the purchase price for the PROPERTY and rights and shall be prorated among all persons having an interest in this property as their respective interests may appear; and agrees that the said consideration shall be in full satisfaction of any and all claims of SELLER for payment for the right of occupancy and use hereinafter provided for in paragraph seven (8). 8. As additional consideration for the payinent of the purchase price hercinabove set forth, SELLER hereby grants to BUYER and assigns, the right of immediate occupancy and use of the land in which said PROPERTY is to be granted for the purpose of exercising any of the rights being conveyed hereby in said PROPERTY from and after execution of this contract until such time as said PROPERTY is conveyed and accepted by BUYER. 9. Any holders of a beneficiary interest in the subject area secured by a trust deed and promissory note, will be asked to provide a full reconveyance relinquishing their interest in the property being acquired. SELLER agrees to cooperate with BUYER and/or the escrow holder, in obtaining said reconveyance. 10. The terms and conditions aforesaid are to apply to and bind the heirs, executors, administrators, successors, and assigns of the SELLER. I I. All terms and conditions with respect to this agreement are expressly contained herein and SELLER agrees that no representative or agent of BUYER, has made any representation or promise with respect to this agreement not expressly contained herein. 12, SELLER hereby represents and warrants that during the period of SELLER ownership of the property, there have been no disposals, releases or threatened releases of hazardous substances or hazardous wastes on, from, or under the property. SELLER further represents and warrants that SELLER has no knowledge of any disposal, release, or threatened release of hazardous sub- stances or hazardous wastes on, fronn, or under the property which may have occurred prior to SELLER taking title to the property. The acquisition price of the property being acquired in this transaction reflects the fair -market value of the property without the presence of contamination. If the property being acquired is found to be contaminated by the presence of hazardous waste which requires mitigation under Federal or State law, BUYER may elect to recover its cleanup costs from those who caused or contributed to the contamination. ESCROW INSTRUCTIONS TO: ANY RELIABLE ESCROW BUYER agrees to purchase the PROPERTY referenced above upon the terms and conditions described in the AGREEMENT for a total consideration of $25,000.00 and will, within 90 days from the date BUYER's signature is affixed hereto, hand you said consideration for delivery to SELLER at close of escrow, together with any additional funds and/or instruments necessary to comply with the terms hereof, all of which you may use when you can issue your standard coverage form policy of title insurance with Page 2 of 4 c/o Real Estate Services K5 E. I turd Street San Bernardino, CA 92415-0832 ACQUISITION CONTRACT Wednesday, luly30, 2003 liability not less than the amount stated as total consideration, showing title vested in the BUYER, or assigns, free of all encum- brances, excepting those encumbrances sbowrt in Title Report number 7302698.40, dated , provided by COMMERCE TITLE COMPANY, approved in writing by BUYER and such other encumbrances as are approved in writing by BUYER, which approvals shall not be unreasonably withheld. if you are not in a position to issue your standard coverage form policy of title insurance as required hereby within 90 days front that date hereof and any extensions thereof, the AGREEMENT and this escrow shall terminate unless extended by mutual agreement between BUYER and SELLER. All disbursements shall be made by your check. All funds received in this escrow shall be deposited in one or more of your general escrow accounts with any bank doing business in the State of California and may be transferred to any other general escrow account(s). The expression "close of escrow" means the date on which the deeds conveying the PROPERTY to BUYER are record- ed. Close of escrow shall be on or before 90 daYs lion the date of signature hereof All adjustments are to be made on the basis of a thirty -day month. Recordation of any instruments delivered through this escrow, if necessary or proper in the issuance of a policy of title insurance called for, is hereby authorized. You are to furnish a copy of these instructions, amendments thereto, closing statements and/or documents deposited in this escrow to the lenders, real estate broker(s) and/or the attorney(s) involved in this transaction upon request of such lenders, brokers, or attorneys. Should you before or afler close of escrow receive or become aware of any conflicting demands or claims with respect to this escrow or the rights of the parties hereto, or any money or property deposited herein or affected hereby, you shall have the right to discontinue any and all further acts on your part until each conflict is resolved to your satisfaction, and you shall have the further right to commence or defend any action or proceedings for the determi- nation of such conflict. The parties hereto jointly and severally agree to pay all costs, damages, judgments and expenses, including reasonable attorneys fees, suffered or incurred by you in connection with, or arising out of this escrow, including but without limiting the generality of the foregoing, a suit in interpleader brought by you. In the event you file a suit in interpleader, you shall ipso facto be fully released and discharged from all obligations imposed on you in this escrow. Time is declared to be the essence of these instructions. If you are unable to comply with the time specified herein and such additional time is required to make examination of the official records, you will return all documents, money, or property to the party entitled thereto upon satisfactory written demand and authorization. Any amendment of and/or supplement to any instructions must be in writing. These escrow instructions and amendments hereto may be executed in one or more counterparts, each of which independently shall have the same effect as if it were the original, and all of which taken together shall constitute one and the same instruction. In the event Buyer, Seller, and/or assigns, utilize "Facsimile" transmitted instructions by ( panafax, telefax, etc.), Escrow Holder is instructed to rely and act upon such instruction in the same manner as if original signed instructions amendment were in the possession of Escrow Holder and Buyer and/or Seller herein agree to forward signed hard copies of instructions within 48 hours of transmission. Escrow Holder shall have no liability to any party for relying upon facsimile instructions which were erroneously transmitted to Escrow Holder. Buyer and Seller agree that when necessary to permit compliance with closing instruction, Escrow Holder may rely on facsimile transmitted demands. Buyer and Seller further acknowledge and agree that documents necessary for recording with non -original (facsimile) print and/or signatures will not be accepted for recording by the County Recorder, thus delaying the close of escrow. The obtaining or assignment of insurance shall not be handled through this escrow. Escrow holder is hereby relieved of all liability and/or responsibility in connection with the closing of this escrow without benefit of evidence of insurance coverage. Parties to this transaction are aware and understand that as a result of the passage of the tax reform act of 1986 which added Section 6045(e) to the Internal Revenue Code, the seller in this transaction is to deposit, prior to close of escrow, certain information including all sellers' names and tax identification numbers, and that the closing of this transaction will be delayed in the event escrow has not received same from seller prior to close of escrow. Escrow holder will forward information as required by above Internal Revenue Code Section on forms as prescribed therein. In order to comply with Section 1445 of the Internal Revenue Code; and Sections 18805 and 26131 of the California Revenue and Taxation Code, Seller will complete and deposit into escrow the documents provided by the escrow holder required by the above referenced code sections. ANY RELIABLE ESCROW serves only as an escrow holder in connection with these instructions and cannot give legal advice to any party hereto. Escrow holder is not to be held accountable or liable for the sufficiency or correctness as to form, manner of execution, or validity of any instrument deposited in this escrow, nor as to the identity, authority or rights of any person executing the same. Escrow holder's duties hereunder shall be limited to the proper handling of such money and the proper safekeeping of such instruments, or other documents received by escrow holder, and for the disposition of same in accordance with the written Page 3 of 4 c/o Real Estate Services ACQUISITION CONTRACT Wednesday, July30, 2003 925 E. Third Slrec( �G San Bemardmo, CA 92415-0932 instructions accepted by escrow holder. The agency and duties of escrow holder commence only upon receipt of copies of this instruction executed by all parties. At the close of escrow you are to deliver all documents, including a Conformed Copy of the recorded deeds of conveyance, to the County of San Bernardino, Real Estate Services Department. The foregoing AGREEMENT and ESCROW INSTRUCTIONS are hereby approved by SELLER and BUYER and hereby agree to sell and to buy said PROPERTY and will deliver to you the papers, instruments and/or funds required within the time limit specified, herein; and you are authorized to deliver said funds and documents to the appropriate parties at such time that you can issuep it policy of title insurance as set forth above. SELLER further agrees to pay any personal property taxes properly chargeable to tt'LLER. )'on are also instructed to pay from the amount shown as the total consideration above any other charges to which the paTges have agreed. SELLER X. - 44 Ato, 0419& 14L �BC Properties cMMtr7t-►'� �eG �goA�'�T/t? llf BUYER: City of San Bernardino BY: BY: Date Date Page 4 of 4 PROJECT NAME W. O. NUMBER: PARCEL NO: APN: State Street Storm Drain Project N11761 0269-181-04 TEMPORARY RIGHT OF ENTRY BBC PROPERTIES, a California general partnership hereby consent(s) to permit the CITY OF SAN BERNARDINO, a body corporate and politic of the State of California, its officers, agents and employees and persons under contract with said City and their employees, the privilege and right to enter upon or across the property shown in red on the map attached hereto and made a part hereof, for construction purposes: The purpose of the temporary right of entry is for: Construction of a storm drain This temporary construction easement will expire upon completion of the construction project or not later than November 1, 2005. Hold Over Provision: The City will have the right to hold over on a month to month basis upon expiration of the initial term of the Temporary Right of Entry at the same monetary rate as calculated in the initial offering. It is understood that this permission is not a waiver, in any way, of the right to compensation for such land or of any remedy authorized by law to secure payment thereof. It is further understood that owners shall be held harmless for any injury to construction personnel or damage to construction equipment during the period of construction. A oft, Wnont 6U , ► -L(' Recommended for approval by: BY - 1 ►-I [CJ' Date BBC Properties Date Approved by: BYc 31/616 V • • Sheet 1 of 3 EXHIBIT "A" That portion of Lot 185 of the Semi -Tropic Land and Water Company Subdivision, situated in the City of Rialto, County of San Bernardino, State of California, as shown on Map on file in Book 6, page 12 of Maps, in the Office of the County Recorder of San Bernardino County, California, said land described in a Quitclaim Deed to BBC Properties on November 13, 1990 as Instrument No. 90-451490, in the Office of the County Recorder of said County, described as follows: Parcel "A" A strip of land 98.43 feet wide, being 32.81 feet westerly and 65.62 feet easterly of the following described centerline: COMMENCING at a the centerline intersection of that Base Line Road (60 feet wide) with California Street (62 feet wide) as shown on Record of Survey 98-0106, recorded in Book 112, pages 47 through 54 inclusive of Records of Survey, said centerline being the south line of said Lot 185, said point being distant North 89°44'41" East, 5.11 feet along said centerline from the southeast corner of said Lot; thence South 89044'41" West, 932.71 feet along said centerline; thence North 35°46'16" East, 203.60 feet to the beginning of a curve, concave westerly, having a radius of 180.44 feet; thence along said curve an arc length of 28.39 feet, through a central angle of 09100'49" to a point on the northerly line of land described as Tract 143-A in Quitclaim Deed to the San Bernardino County Flood Control District, recorded March 23, 1950 as Book 2550, Page 145, Official Records of said County, a radial line through said point bears South 63014'33" East, said point being the POINT OF BEGINNING; thence continuing along said curve, an arc length of 141.25 feet, through a central angle of 44°50'52" to the beginning of a compound curve, concave southwesterly, having a radius of 4384.06 feet, a radial line through said point bears North 71°54'35" East; thence along said curve an arc length of 508.32 feet, a central angle of 06038'36" to the beginning of a compound curve, concave southwesterly, having a radius of 1033.46 feet, a radial line through said point bears North 65015'59" East; thence along said curve an arc length of 137.86 feet, through a central angle of 07°38'24" to a point hereinafter referred to as Point "A", a radial line through said point bears North 57"37'26" East, said point being the POINT OF TERMINUS The sidelines of the above mentioned strip shall be prolonged, extended or shortened so as to create a continuous boundary and terminate on the northerly line of said Base Line Road and northerly line of Tract 143-A. J:M 12MTASK 33Vepj,4ce-04.d0c • • Sheet 2 of 3 Parcel "B" BEGINNING at said Point "A"; thence South 57037'26" West, 32.81 feet to the beginning of a non -tangent curve, concave southwesterly, having a radius of 1000.65, a radial line through said point bears North 57037'26" East; thence along said curve an arc length of 85.94 feet, through a central angle of 04055'15"; thence North 26°24'55" West, 201.28 feet; thence North 62`28'27" East, 30.79 feel to a point on the northerly line of said Lot 185; thence South 45°21'37" East, 17.76 feet along said northerly line of Lot 185; thence South 29031'32" East, 36.48 feet; thence South 44°15'54" East, 234.71 feet, thence South 57037'26" West, 65.62 feet to the POINT OF BEGINNING. See sheet 3 of 3 for a plat depicting the above -described property. This real property has been described by me 61 under my direction, in conformance with the PrnfessionA Land Surveyor;§Act. A —_ 1 %98129%TASK 33Veg8jsltce-04.dM CURVE D 6=09.00'49" 7'38'24" Cl: R=180.44' C3: R=1033.46' L=28.39' L=137.86' p=44'50'52" �,=04'55'15" C2: R=180.44' C4: R=1000.65' L=141.25' L=85.94' SCALE: 1 "=200' SEE DETAIL "C" / P.O.B. P.O.T. m. PARCEL "A" \� i SEE DETAIL "B" I -__SB9'44'41 "W _ 932.71 _ SE COR. LOT 185 DETAIL "A" NOT TO SCALE N62'28'27"E 30.79' VTVTA" PCC vo �O S c�G 9 � a m b e P SHEET 3' GF• S PA 'A" EXHIBIT "A" PAR � "B" 5.11' S45.21'37"E 17.76' S29'31'32"E 36.48' \ S AA• \ P INST. NO. f �Ol 90-451490, O.R. �N NT1 Sp 35"E �R� Pic ��S POR. LOT 1a SEMI —TROPIC LAND & WATER COMPANY SUS. M.S. 6/ 12 ' P.O.B. PARCEL DETAIL "B" NOT TO SCALE LINE DATA 1-1: S57'37'26"W (R) 32.81' L2: S57'37'26"W (R) 65.62' P.O.B. PARCEL "B" DETAIL "C" NOT TO SCALE ii PER 800K 143-\ 550/145, O.R. BASE LINE ROAD j of -- S89'44'41"W 932.71' --- —�- �S'LY LINE LOT 185 i SEE DETAIL "A"—F IN THE CITY OF RIALTO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA T-- I PARCEL "/ PARCEL "I AREA TEMPORARY EASEMENT ssociated Engineers, Inc.LA 311 EAST SNELBY STREET ONTAR70, CA 91764 SQUARE FEET: 97,284.1 PLAT TO ACCOMPANY TEL (909) 980-1982 FAX: (909) 941-0891 PARCEL No.: 2.233 LEGAL DESCRIPTION