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HomeMy WebLinkAbout1997-309 1 2 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF 3 SAN BERNARDINO ACCEPTING OFFER TO PURCHASE THAT CERTAIN REAL PROPERTY LOCATED ON THE SOUTH SIDE OF TENTH STREET, EAST OF 4 FLORES STREET FROM THE SAN BERNARDINO CITY UNIFIED SCHOOL DISTRICT AND AUTHORIZING AND DIRECTING THE EXECUTION OF AN 5 AGREEMENT FOR ACQUISITION OF REAL PROPERTY. RESOLUTION NO: 97-309 6 7 WHEREAS, the City of San Bernardino purchased and is the owner of certain real 8 property generally located South of Tenth Street, East of Flores Street in said City with 9 Community Development Block Grant Funds; and 10 WHEREAS, as set forth in Resolution No. 97-215, adopted the 21" day of July, 1977, 11 the Mayor and Common Council of the City of San Bernardino declared the intention to sell that 12 13 certain real property located on the South side of Tenth Street, East of Flores Street in said City, 14 more fully described therein; and 15 WHEREAS, in said Resolution No. 97-215, it was determined that the public interest and 16 convenience require the sale of said real property; and 17 WHEREAS, in said Resolution No. 97-215, the fair market value of said real property 18 19 20 was found and determined to be the amount of$70,300.00; and WHEREAS, a public hearing was held on the 18'" day of August, 1997, relative to the 21 proposed sale of said real property. 22 BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY 23 OF SAN BERNARDINO, AS FOLLOWS: 24 SECTION I. That the sale of that certain real property generally located South of Tenth 25 Street, East of Flores Street in the City of San Bernardino, more fully described in the 26 Agreement for Acquisition of Real Property, a copy of which is attached hereto as Exhibit "A" 27 28 07/31/97 97-309 1 2 3 4 5 6 7 8 9 10 11 RESOLUTION APPROVING SALE 'OF CERTAIN REAL PROPERTY LOCATED SOUTH ()F TENTH STREET. EAST OF FLORES STREET AND AUTHORIING AND DIRECTING THE EXECUTION OF. A . SALES AGREEMENT WITH THE SAN BERNARDINO CITY UNIFIED SCHOO DISTRICT. and incorporated herein, to the San Bernardino City Unified School District is hereby approved in the amount of $70,300,00. SECTION 2. That the Mayor of the City of San Bernardino is hereby authorized and directed to execute on behalf of said City, an Agreement for Acquisition of Real Property, a copy of which is attached hereto as Exhibit "A" and incorporated herein, and such other documents, including but not limited to a Grant Deed, as referenced in said Agreement. SECTION 3. That all proceeds of the sale of said real property be returned to the Community Development Block Grant Fund account, to be used as determined by the City under the provisions of the law governing the use of such funds. 0811 1/97 2 RESOLUTION APPROVING 'SALE OF CERTAIN REAL PROPERTY LOCATED SOUTH OF TENTH 97-309 STREET, EAST OF FLORES STREET AND AUTHORlING AND DIRECTING THE EXECUTION OF. A' SALES AGREEMENT WITH THE SAN BERNARDINO CITY UNIFIED SCHOO DISTRICT. 1 I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and 2 Common Council of the City of San Bernardino at a joint regular 3 6th held on the 4 5 wit: 6 19 The foregoing resolution is hereby approved this 7 8 9 10 11 12 13 14 15 16 17 18 20 21 22 23 meeting thereof day of October , 19~, by the following vote, to Council Members: AYES NA YES ABSTAIN ABSENT NEGRETE x CURLIN x ARIAS x OBERHELMAN x DEVLIN x ANDERSON x MILLER x ~~ 9 Ii. day of ~ October ,19~. ~~ T6M MINOR, Mayor City of San Bernardino Approved as to form 24 and legal content: 25 26 27 By: 28 07/31197 3 97-309 AGREE:'rIENT FOR ACQUISITION OF REAL PROPERTY THIS AGREE~lENT FOR ACQU1SITION OF REAL PROPERTY (the "Agreement") is entered into by md among San Bernardino City l'nified Schoo' District, a public school di~trict (the "DlSTRlCT"). and the City of San Bernardino ("Owner"). REGT ALS A. Owner is the record owner of certain real property located within the bOlllldaries of the City of San Bernardino, County of San Bernardino. State of California, as more particularly described in Ex.Jlibit A to this Agreement (the "Property"). B. On or about February 19, 1997. the governing body of the District adopted a Resolution, in accordance ....1th the provisions of Government Code Section 7267.1, et seq., which Resolution, among other things, authorized the District to acquire the Property for the public purpose of constructing, maintaining and operating an elementary school. C. Owner has accepted the District's offer to purchase the Property. NOW, THEREFORE, for valuable consideration, receipt of which is acknowledged by each party to this Agreement, it is agreed between the parties as follows: 1. Recitals. The Recitals set forth above are incorporated by this reference and made , a part of this Agreement. 2. Purchase Price. Owner agrees to sell the Property to the District and the District agrees to purchase the Property from Owner on the terms and conditions set forth in this Agreement. The purchase price of the Property shall be the total sum of Seventy Thousand Three Hundred Dollars ($70.300). This sum shall be delivered to O....ner through Escrow when title to the Property vests in the District free and clear of all liens, encumbrances, taxes, assessments, easements and leases (recorded and/or unrecorded), except for easements or rights-of-way over the Property for public or quasi-public utility or public street purposes. It is understood and agreed that the obligations contained in this paragraph 2 are not binding unless the close of Escrow occurs. 3. Transfer of Title. Ov.ner shall execute and deliver to Chicago Title Company, as the escrow holder ("Escrow"), a grant deed for the purpose of conveying the Property to the District, together with all of the rights, title and interests held by Owner in the Property. The grant deed shall be dated as of the date of the closing of Escrow. The grant deed shall be in a form deemed necessary by the escrow holder. 4. Condition of Title. . Title to the Property shall be good and marketable and shall be. free and clear of all liens, restrictions, easements and other encumbrances, except for those accepted by the District listed on Schedule B and issued by Chicago Title Company. If title to the Property at the closing of Escrow is not as required by this Agreement, the District shall have the option, at its sole discretion, to either take such title as Owner can conveyor of canceling this Agreement. Prior to the Close of Escrow, the District may obtain, at District's sole cost and H,'.USERS\ll9lSBt;SDIESCROW.AGM'DIl9-142-10 , 'expense, an updated preliminary report andlor other informatIon respecting the status ofOwner's 97-309 title to the Property if deemed necessary by the District. Prior to the Close of Escrow, District shall determine whether a.'1Y additional exceptions (the "Additional Exceptions") not shown on the Preliminary Title Report are designated in such updated preliminary report or other docwnent. P!ior to Close of Escrow, District shall convey in writing to O..vner, notice of any Additional Exceptions which are disapproved by District and Owner shall use reasonable efforts, not involving the expenditure of any money, to cause such disapproved Additional Exceptions, which encumber the Property to be removed prior to Close of Escrow, 4.1 Rizht of EntrY. Owner hereby grants to District, its officers, agents and employees the right to enter into and upon the Property for the purpose of inspecting, surveying, making engineering, soils and geological tests, including test borings and soundings, and other studies as District shall determine to be necessary or desirable. District shall keep Owner's property free and clear of all liens arising out of District's activity or conduct on the Property and shall restore the Property to substantially the same condition as it existed prior to Districts' entry thereon. All of such inspections shall be made at District's sole cost and expense. District shall comply with all laws and regulations applicable to such inspections. District shall indemnify, defend and hold Owner hannless from all expense, loss, damages and claims, including without limitation Owner's attorney's fees, arising out of acts or activities of District or District's agents, employees, contractors or other representatives on, or in respect of, the Property. District shall conduct any such inspections so as not to unreasonably interfere with any of Owner's operations on the Property, if any. 5. PaYment of Escrow Costs. The District shall pay all costs of Escrow and recording fees incurred in this transaction, including docljIIlemary stamp tax, except to the extent prohibited by law, and title insurance policy expenses. For purposes of this paragraph, escrow and recording costs shall not include reconveyance fees, trustee's fees, forwarding fees, or any other fees or costs incurred in the reconveyance of any interest in the Property. 6. Proration of Ta.xes. In the event the District acquires the Property pursuant to the terms of this Agreement, ta.xes levied on the Property shall be prorated in accordance with the provisions of the Revenue and Tax Code as of the date of recordation of the deed conveying title to the Property to the District. Owner authorizes Escrow to deduct and pay from the purchase price, any amount necessary to satisfy any delinquent taxes due, together with penalties and interest on them, and any delinquent or nondelinquent assessments or bonds, which are to be cleared from title to the Property. 7. PaYment of Mortgage or Deed of Trust. All money payable under this Agreement, up to and including the total amount of unpaid principal and interest on any note secured by a mortgage or deed of trust on the Property, and all other amounts due and payable in accordance with the terms and conditions of the mortgage or deed of trust, shall on demand be made payable to the mortgagee or beneficiary of such mortgage or deed of trust. 8. Possession. Owner shall retain possession of the Property up to and including the date of recordation of the grant deed conveying title to the Property to the District, whereupon the District shall be entitled to immediate and exclusive possession of the Property. 9. Full Settlement and Release. Owner acknowledges and agrees that this Agreement and implementation of its terms and conditions constitutes full and complete settlement of any H:\USERS\139\SBUSD\ESCROW,AG~r01J9.1..!2.1 0 2 97-309 and ail claIms, including damages, that Owner may have or may claim to have, or that may otherwise have arisen, by virtue of the District's acquisition of the Property except for Owner's statutory entitlement, if any, to certain relocation benefits. Except as to the satisfactory performance of terms of this Agreement, Owner hereby fully releases and discharges the District, i(s governing board, and allot" its individual board members, trustees, officials, directors, officers, employees, attorneys, agents, representatives, successors and assigns, and each of them, from any and all claims, demands. actions or causes of action, obligations, liabilities, losses, costs or expenses of any nature whatsoever, known or unknown, which relate 10 or which arise or may arise in connection with the District's acquisition of the Property except for Owner's statutory entitlements, if any, to certain relocation benefits. 10. Waiver of Civil Code Section 1542. By releasing and forever discharging claims both known and unknown which are related to, or which arise in connection with the District's acquisition of the Property, induding the exercise of the power of eminent domain, as provided above, Owner expressly WAlVES any rights arising under California Civil Code Section 1542, which provides: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN IDS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WIDCH IF KNOWN BY HIM MUST HAVE MA TERIALL Y AFFECTED HIS SETTLEMENT WITH THE DEBTOR" Owner acknowledges, represents and warrants that he/she/it has read the above waiver, understands its effect, and has had the opporl1,mity to be advised by counsel regarding its effect. II. Coooeration. Owner shall cooperate fully with the District in the event of any dispute, claim, or other disagreement which may arise at any time concerning and/or affecting the District's right, title and/or interest in the Property. Such cooperation shall include, if requested by the District. joint participation by Owner in any legal action which the District may deem necessary to resolve any such adverse claim of an interest in the Property. With respect to any such legal action, Owner shall not be responsible for the costs incurred in any such legal action, except for such legal fees and/or costs independently incurred by Owner in seeking advice and counsel with respect to such legal action. 12. Reoresentations and Warranties. In addition to representations and warranties set forth elsewhere in this Agreement, Owner makes the following representations and warranties regarding the Property. 12.1 No Other Interests in the Propenv. Owner represents and warrants that Owner has no knowledge of any claim of any right, title or interest in or to the Property, or any portion of the Property, which is not of record in the Official Records. 12.2 Lease Warranty. Owner represents and warrants that there are no oral or written leases on all or any portion of the Property that have not been disclosed in writing to the District prior to the close of Escrow, and Owner agrees to indemnify and hold the District harmless and to reimburse the District for any and all of its losses and expenses, including attorneys' fees and costs, occasioned by reason of any lease of the Property held by any tenant or sub-tenant of the Property not disclosed in writing to the District prior to the close of Escrow. H;\U5ERS\ 139\SBt.:SO\ESCRO\V.AGM'OI.39.1.f2-1 0 3 97-309 12.3 Hazardous ~larerials. Owner represents and warrants that, to the best knowledge of Owner. (i) there has been no production, storage or disposal at the Property of any Hazardot:s Materials (as cefI.'1ed below) by Owner to the best of Owm:r's knowledge, by an previous owner or tenant of the Property; (ii) Hazardous Materials have not been dumped, buried, leaked, or othenvise relc3.5ed upon, ill, or under the Property or allowed to pass on, under or through the Property at any time during or prior to Owner's ownership of the Property; (iii) Owner has complied with all laws. regulations. and ordinances relating to the use of all Hazardous Materials used on the Property; and (iv) there is no proceeding or inquiry by an federal, state or local go\"cmmental agency with respect thereto. The foregoing representations shall not apply to the use of petroleum products or other materials cOl11lTIonly used for household or farm purposes, which use did not result in, or conditioned upon, in or U::Ger the Property in violation of applicable federal, state or county ordinances. "Hazardous .\faterial" means any hazardous or toxic substance, material or waste that is (i) regulated by any local governmental authority, the State of California of the United States Government; (ii) defined as an "acutely hazardous waste", "extremely hazardous waste", or "waste" under Seetions 25110.02, 25115, 25117 or 25124 or listed pursuant to Sections 25141 and 25141.5 of the California Health and Safety Code, Division 20, Chapter 6.5 (Hazardous Waste Control); (iii) defmed as a "hazardous material", "hazardous substance", or "hazardous waste" under Section 25501 of the California Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response Plans and Inventory); (iv) defIned as a "hazardous substance" under Section 25281 of the California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of Hazardous Subl'tances); (v) petrolewn; (vi) asbestos; (vii) listed under Chapter 10 of Division 4.5 of Title 22 or defIned as hazardous or extremely hazardous pursuant to Division 21.5 of Title 26 of the California Code of Regulations; (viii) designated as "hazardous waste" pursuant to Section 6903 of the Federal Resource Conservation and Recovery Act, 42 U.S.C. Section 690 I et seo.; (ix) defIned as a "hazardous substance" pursuant to Section 9601 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.c. Section 9601, et seo.; (x) any flammable substances or explosive; or (xi) any radioactive material. 12.4 Possession. No one other than Owner will be in possession of any portion of the Subject Property at the close of Escrow except for tenants, if any, subject to leases or rental agreements disclosed to District. 13. Escrow Instructions. The parties to this Agreement agree that the Escrow willbe opened with this Agreement and the parties will immediately execute and return to Escrow such additional Escrow instructions as may be required to open, process and close the Escrow. It is the intent of the parties that such instructions be based on the terms of this Agreement, including without limitation, the terms and conditions of paragraphs 14 and 15 below. The Escrow instructions shall be attached as Exhibit B to this Agreement and made a part of this Agreement by incorporation. 14. Conditions to Close of Escrow. In addition to performance of such conditions as may be required by the Escrow holder, the close of Escrow shall occur upon satisfaction of all of the following: H:\USERS\ 139\SBt:SD'ESCRQW.AGM'O 1:9-1.l:!-] 0 4 97-309 14.1 Chicago Title is requested to issue its California Land Title Association Owner's Policy of Title Insurance on the Property. with coverage equal to the purchase price set fcrth in paragraph 2, at-ove, shc\'iing title to the Property vested in the District, subject to such exceptions that may be of record as of the date of closing and the standard exclusions of Title Comp,my. 14.2 The District has delivered the full purchase price specified in paragraph 2, above. 14.3 Owner has executed and delivered the grant deed described in paragraph 3, above. 14.4 The District has delivered to Escrow a fully executed Request for Disrnissal of the Action. 14.5 The District has deposited with Escrow sufficient funds to pay the closing costs. 14.6 Owner has submitted any documents necessary to remove any exceptions disapproved by District as to the Preliminary Report and not otherwise waived by District in writing, and any other documents necessary to remove any Additional Exceptions disapproved by District. 14.7 Owner has executed and submitted certificates of non-foreign status under Internal Revenue Code Section 1445, and California Revenue and Taxation Code Section 18662. 14.8 Each of the terms and conditions of this Agreement required to be performed have been fully performed. 15. Close of Escrow. At the close of Escrow, the Escrow holder shall close the Escrow by: 15.1 Deducting from the purchase price all amounts charged to Owner pursuant to the terms of this Agreement for prorations and satisfaction of encumbrances, if any. 15.2 Causing to be recorded in the Official Records of the County of San Bernardino the grant deed described in paragraph 3, above. 15.3 Delivering to the District the grant deed described and the title insurance policy. 15.4 Delivering to Owner the balance of the purchase price. It is the desire of the parties that Escrow close within sixty (60) days' of the Escrow holder's receipt of fully executed Escrow instructions and as soon as all the conditions of this Agreement are satisfied. H:\USERS\139\SBUSD\ESCROW.AGM'OIJg..I~2-IO 5 97-309 16. Amendments. All amendments. modifications, supplements or other revisions to this Agreemer:t must be in writing and executed by the parties to this Agreement. 17. Survival of Representations. All terms, conditions, covenants, representations and war.anties made ii1 this Agreement shall survive the close of Escrow. 18. Broker's Commission, Each party to this Agreement represents and warrants to each other party that it'he/she has not dealt with any broker or other person entitled to claim a commission in connection with the transaction contemplated under this Agreement. Each party hereby agrees to indemnify and hold the other party harmless from claims made by any person for a commission or like compensation. 19. Successors and Assigns. This Agreement and each of its terms and conditions shall inure to and be binding on the parties to this Agreement and each of their respective successors, assigns, executors and heirs. 20. Entire Agreement. This Agreement constitutes the entire agreement of the parties related to the acquisition of the Property and supersedes any prior agreements or understandings regarding such acquisition. 21. Construction. This Agreement shall be deemed to have been jointly prepared by the parties. This Agreement shall not be construed as if it had been prepared by anyone party,such that it shall not be construed against any party in favor of any other party based on the drafting of the Agreement. I 22. Headings. Headings at the beginning of each paragraph or subparagraph are solely for the convenience of the parties and shall not be deemed a part of the text of 'this Agreement. 23. Consummation. The parties to this Agreement agree to execute all instruments and documents and to take all actions as may be reasonably necessary in order to consummate the transaction contemplated under this Agreement. Each party shall cooperate and take such action as may be reasonably requested by another party in order to carry out the provisions and intent and purpose of this Agreement and the terms and conditions described in this Agreement. 24. Governing Law. This Agreement is executed and delivered in the State of California and is to be construed and enforced in accordance with the law of the State of California. 25. Third PartY Beneficiary. This Agreement is not to be construed to create any third party beneficiary or to give any person not a party to this Agreement any rights or remedies not otherwise available to that person. 26. Exhibits. .AlI exhibits referenced in this Agreement are incorporated in this Agreement by such reference as if fully set forth in the text of the Agreement. 27. Attornevs' Fees. In the event of any action or suit by any party against another party or parties by reason of any breach of this Agreement, or any condition or covenant of it, H;\USERS\139\SBCSD\ESCROW.AGM 0139~ 1~2-1 0 6 97-309 . or any such action to construe or enforce the terms of this Agreement, the party or parties in whose favor final judgment is entered shall be entitled to recover from the other party or parties, in addition to any recovery provided for in such 'judgment, 3II costs of suit, including reasonable attorneys' fees and expenses. 28. Waiver. The failure by any party to this Agreement to enforce any term or provision of this Agreement shall not constitute a waiver of the right to enforce the same term or provision, or any other term or provision of this Agreement. 29. Legal Reoresentation. Each party to this Agreement acknowledges and agrees that ilihelshe has been or has had the opportunity to be represented by legal counsel of its/hislher own choosing in the negotiation and drafting of this Agreement and, in entering into this Agreement, has not acted on reliance on any representations made by any other party or any legal representative of any other party, other than the representations and warranties set forth in this Agreement. 30. Reoresentations and Warranties bv Signatories. Each signatory to this Agreement represeots and warrants that (a) the signatory has actual authority to execute this Agreement on behalf of the party for whom the signatory has signed, and (b) the signafory is duly authorized to execute and deliver this Agreement on behalf of the party for whom the signatory has signed. Executed this 15 day of (JllfDber. 1997. CITY OF SAN BERNARDINO B;-;~ ~ Name: TONl fVIINOP.. Title: MAYD(Z SA1\[ BERNARDINO UNIFIED SCHOOL DISTRICT ervlc s By: Approved as to form and legal content: By: H:\USERS\139\SBVSD\ESCROW.AGM\0139-1';2-tO 7 97-309 EXHIBIT A LEGAL DESCRIPTION OF APN# 0139-142-10, 12, 14, 16 and 18 \ , '\ \ "- , " \ H,IUSERS\IJ9ISBUSDIESCROW.AGMIOIJ9-142-IO 8 \, \.. \. '\.... \ '. '\ .'\. " \, \ '\, " '\ \ \\ 97-309 SCHEDULE A / Your Ref: 139-142-10 (#46) 1. The estate or interest in the land hereinafter described or referred to covered by this reporl is: A FEE 2. Title to said estate or interest at the date hereof is vested in: " 3. The land referred to in this report is situated in the State of California, County of SAN BERNARD INO and is described as follows: THE NORTH 292.21 FEET OF LOT 14 OF TRACT 2639, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 37, PAGE SO OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. ~UMA..g/27/9:Jbll. 97-309 SCHEDULE A- Your Ref: 139-142-12 (#49) 1. The estate or loterest lo the land hereloafter described or referred to covered by this report is: A FEE 2. Title to said estate or loterest at the date hereof is vested lo: H 3. Tbe land referred to in tbis report is siluaL~d in the Slat~ of California, CounL)' of SAN BERNARD I NO and is described as follows: THE NORTH 150 FEET OF LOT 13, TRACT NO. 2639, IN THE CITY OF SAN BERNARDINO. AS PER PLAT RECORDED IN BOOK 37 OF MAPS, PAGE 50, RECORDS OF SAID COUNTY. PRE!.It.tA.9,'27/93~1l 97-309 SCHEDULE A \ Your Rcf: 139-142-14 (#44) 1. The estate or interest in the land hereinafter described or referred to coven:d by this n:purt is: A FEE 2. Title to said estate or interest at the date hereof is vested in: . 3. The land refcrred to in this report is situated in thc State of California, County uf SAN BERNARD INO and is described as follows: LOT 16 OF TRACT 2639, IN THE CITY OF SAN BERNARDINO, COUNTY OF SA.~ BERNARDINO, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 37, PAGE 50 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. EXCEPT THEREFROM THE SOUTH 226 FEET. PREUMA+9/27 {93b.. 97-309 SCHEDUlE A Your Ref: 139-142-16 (42) 1. The estate or interest in the land hereinafter described or referred to covered by this report is: A FEE 2. Title to said eslate or interest al the dale hereof is vesled in: " 3. The land referred to in this report is situated in the State of California, County of SAN BERNARD INO and is described as follows: LOT 15 OF TRACT 2639, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 37. PAGE 5C OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. EXCEPT THEREFROH THE SOUTH 226 FEET. PREUMA.9./21 ji;JbII. 97-309 SCHEDULE A Your Ref: 139-142-18 (#48) 1. The estate or interest in the land hereinafter described or referred to covered by this report is: A FEE 2 Title to said estate or interest at the date hereof i.<;ye.<f~.rl ;n. " 3. The land referred to in this report is situated in the State of caIifornia, County of SAN BERNARD INO and is described as foUows: THAT PORTION OF LOTS 12 AND 13, TRACT 2639, AS PER PLAT RECORDED IN BOOK 37 OF MAPS, PAGE 50, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS, BEGINNING AT THE NORTHEAST CORNER OF THE SOUTH 150 FEET OF LOT 13; THENCE NORTH O. OS' 27" WEST ALONG THE EAST LINE OF SAID LOT, 163.17 FEET TO THE TRUE POINT OF BEGINNING; THENCE SOUTH 89. 59' 12" WEST 124.15 FEET TO THE WEST LINE OF LOT 12; THENCE NORTH O. OS' 33" WEST ALONG THE WEST LINE OF LOT 12, 313.26 FEET TO TENTH STREET AS SHOWN ON TRACT 2639, BOOK 37 OF MAPS, PAGE 50, RECORDS OF SAID COUNTY; THENCE SOUTH 89. 57' 55" EAST ALONG TENTH STREET 62.0S FEET TO THE WEST LINE OF LOT 13; THENCE SOUTH O. 08' 30" EAST ALONG SAID WEST LINE 150.00 FEET TO THE SOUTH LINE OF THE NORTH 150 FEET OF LOT 13; THENCE SOUTH 89. 57' 55" EAST ALONG SAID SOUTH LINE 62.08 FEET TO THE EAST LINE OF LOT 13; THENCE SOUTH O. 08' 27" EAST ALONG THE EAST LINE OF LOT 13, 163.16 FEET TO THE TRUE POINT OF BEGINNING. Pf'E1JJIoMI/'OfG* 97-309 EXHIBIT B ESCROW INSTRUCTIONS \ '\ \, " \\ \ >, , <\. .\~ H:IUSERSII391SBUSDIESCROW.AGMIOll9.'42.IO 9 -'" 97-309 GENERAL PROVISIONS TO: CHICAGO TITLE COMPANY Escrow No. Dare 1. Time is of the essence of these instructions. If this escrow is not in a condition to close by the TIME LIMIT DATE as provided for herein and wnq.en demand for cancellation is received by you from any princq,al to this escrow after said date. you shall act in accordance with paragraph 7 of the General Pr6visions. If no contlicting instruction or demand for cancellation is made. you will proceed to close this escrow when the principals have complied with the escrow instructions. In the event one or more of the General Provisions are held to be invalid in judicial proceedings, those remaining wjll continue to be operative. Any amendments of or supplements to any inslrUctions affecting escrow must be in writing. You are authorized to order demands for, and pay a~ the close of escrow any encumbrances of record necessary to place title in the condition called for without further authorization. You are further authorized, prior to the close of escrow, to pay from funds on deposit any fees nctessary 10 obtain any demand and/or report as may be required in this escrow and at the close of escrow charge the parties as appropriate. The principals will hand you any funds and instruments required from each respectively to complete this escrow. Interest on any new finanCing may begin to accrue on the date loan funds/proceeds are disbursed by the new lender, and borrower agrees to pay same in accordance with lender's instructions. 2. You are instructed to deliver andior record :lll documents and disburse all funds when you can comply with these instructions and insure tide as called for herem. These instructions, together with any amendments and/or supplements, may be executed in counterpartS and together shall constitute one and the same document If these instructions relate to a sale, buyer agrees to buy and seller agrees to sell upon the terms and conditions hereof. All documents, balances and statements due the undersigned are to be mailed to the respective addresses shown herem, unless othCT'Nise directed. fn the event that any party to this escrow utilizes facsimile transmitted slgned documents, all parties hereby agree to accept and hereby instruct the escrow holder to rely upon such documents as if they bore original signatures. Buyer and seller further acknowledge that any documents to be recorded bearing non origmal (facsimile) signatures wilI not be accepted for recording by the county recorder. 3. The phrase "close of escrow" (or COE) as used in this escrow means the date on which documents are recorded, unless othcrwUe specified. 4. Assume a )0 day month in any proration herein provided, and unless othCT'Nise instt'Ucted. you are to use the information contained in the latest available tt't statement. including any supplemental taxes oirecord, rental statement as provided by seller and beneficiary's or association statements delivered into escrow for proration purposes. s. Upon close of escrow you are instructed to charge our respective accounts the costs attributable to each. including but not limited to costs as provided for herein andlor in accordance with our respective estimated statements attached hereto and made a part hereof. 6. Recordation of any instt'Uments delivered through this escrow, if necessary or proper for the issuance of the policy of title insurance called for, is authorized. No examination or insurance as to the amount or payment of personal property taxes is required unless specifically requested. 7. If demand to cancel is submitted after the Time Limit Date, any principal so requesting you to cancel this escrow shall file notice of demand to cancel in your office in writing. You shall within three (3) working days thereafter mail by certified mail one copy of such notice to each of the other principals at the address stated in this escrow. Unless written objcttion thereto is fired in your office by a principal within fifteen (15) calendar days after the date of such mailing, you are instructed to cancel this escrow. If this is a sale escrow, you may return the lender's papers and/or funds upon lender's demand. 8. In the event that this escrow is canceled, any fees or charges due Chicago Title Company including cancellation fees and any expenditures incurred or authorized shall be paid from funds on deposit unless otherwise specifically agreed to or determined by a court of competent jurisdiction. Upon payment thereof, return documents and monies 10 the respective parties depositing same, or as ordered by the court, and void any executed instruments. 9. If there is no written activity by a principal to this escrow within any sL"(.month period after the Time Limit Date set forth herein, Chicago Title Company may, at its option, tenninate its agency obligation and cancel this escrow, reruming all documents. monies or other items held, to the respective parties entided thereto, less any fees and charges as provided herein. 10. If, for any reason, funds are retained or remain in escrow after the closing date, you may deduct therefrom a reasonable charge 3$ custodian. of not less than $25.00 per month, unless otherwise specified. It. In the event that you should receive or become aware of contlicting demands or claims with respect to this escrow, or the rights of any of the parties hereto, or any money or property deposited herein. you shall have the absolute right at your option to discontinue any or all further acts until such conflict is resolved to your satisfaction. 12. In the event that any Offer to Purchase, Deposit Receipt, or any other form of Purchase Agreement is deposited in this escrow, it is understood that such document will be etTetti",'e only as among the parties signing said document You, as escrow holder, are not to be concerned with the terms of such document and are relieved of all responsibility in connection therewith. The foregoing wlll not be applicable in any transaction in which Chicago Title has specifically agreed to accept an Offer to Purchase, Deposit Reteipt or other fonns of Purchase Agreement as escrow instrUctions. In any event, you are not to be concerned or liable for items designated as ~memoranda" in these escrow instructions nor with any other agreement or contr.lct between the parties. I). The parties hereto, by execution of these instructions acknowledge that the escrow holder assumes no responsibility or liability whatsoever for the supervision of :lny act or the performance of any condition 'A'hich is a condition subsequent to the closing of this escrow. 14. In the absence of instt'Uctions to the contrary. you are hereby authorized to utilize wire services, overnight. next day, or other expedited delivery services (as opposed to the regular U.S. Mail) and to charge the respective party's account accordingly. 15. You are released from and shalt have no liability, obligation or responsibility with respect to (a) withholding: of tunds pursuant to Section 1445 of the Internal Revenue Code or 1986 as :lmended, and to 5cttions 18662 and 18668 of me California Revenue and Tuation Code, (b) advising the parties as to the requirements of said &:ction 1445. (c) determining whether the transferor is a foreign person or a non.resident under Section, nor (d) obtaining a non foreign affidavit or other exemption from withholding under said Sections nor otherwise making any inquiry concerning compliance with such Sections by any party to the transaction. 97-309 GENERAL PROVISIONS CONTINUED TO: CHICAGO TITLE COMPANY EKrow No. Dare 16. If you pay a demand to reconvey a revo1vinSline of credit Of equiryline deed of D'USt, you are hereby instructed on my behalf and for my benefit. to request that the lender issuing said demand cancel said revolving line or c:quicyline of credit 17. You are authorized to furnish to any affiliate of Chicago Title Company, any attorney, broker or lenderidcntified with this tnJUaction or anyone acting on behalf of such lender any information. instructions. amendments. statements, or notices of cancellarion given in connection with this escrow. Ifany checlc submiUcd to escrow is dishonored when presented for paymmt. you are authorized to notify all principals and/or their respective agents of such non payment 18. All written notices. communications. change of instructions and documents are required to be delivered timely at the office of Chicago Title Company as set forth herein. 19. All funds received in this escrow shan be deposited with other escrow funds in one or more escrow (demand) accounts of Chicago Title Company in any state or national bank. The parties to this escrow understand that the escrow accounts you maintain with the depository institutions conD1butc to your value as a customer of these institutions which, in turn, may make available to Chicago Title Company an array of bank services. accommodations or other benefits. You shall have no obligation to account for the value realized by Chicago Title Company from these services. accommodations or other benefits. An disbursements shall be made by your check. unless otherwise instructed. Yau shaH not be responsible for any delay in closing if funds received by escrow are not available for immediate withdrawal. Chicago Tide Company may, at its option. require cOnCU1Tent insauctions &om all principals prior to release of any funds on deposit in this escrow. 20. You are authorized to des1roy or otherwise dispose of any and aU documents. papers. instructions. correspondence and other material pertaining to this escrow at the expiration of six (6) years from the close of escrow or cancellation thereof. without liability and without further notice. IMPORTANT NOTICE Except for wire tl'2nsfers. funds remia:ed to this escrow are subject to availability requirements imposed by Section 12413.1 of the California Insurance Code. CASHIER'S. CERTIFIED or TELLER'S checks. payable to CHICAGO TITI.E COMPANY are gmenlly available for disbursemenl on <he next business day following the date of deposit Other forms of payment may cause extended delays in the closing of your transaction pursuant to the requirements imposed by State Law. (Wire tranSfer information available upon request) ALL PARTIES TO TI:lIS ESCROW ACK."\jOWLEDGE THAT cmCAGO TITLE COMPA..'lY DOES NOT PROVIDE LEGAL ADVICE NOR HAS IT MADE A..'lY INVESTIGATION. REPRESENTATIONS OR ASSURA.."\jCES WHATSOEVER REGARDING THE LEGAL ASPECTS ORCOMPLIA.>O;CE OF TI:lIS TRANSACTION WITH ANY TAX. SECURITIES OR ANY OTHER STATE OR FEDERAL LAWS, IT IS RECO;VC,lENDED THAT THE PARTIES OBTAIN INDEPENDENT LEGAL COUNSEL AS TO SUCH MA TIERS. THE FOREGOING ESCROW INSTRl:CTIONS AND GENERAL PROVISIONS HAVE BEEN READ AND ARE UNDERSTOOD AND AGREED TO BY EACH OF THE UNDERSIGNED. Current Address: San Bernardino City unified School Disr::ct 777 Norrh F Street San Bernardino. California 92410 Alln: R. Scott Shira Telephone: (909) 381-1238 Current Address: Les Fogassy Dept. of Public W orksiEnginnering City of San Bernardino 300 North D. Street San Bernardino, California 92418