AGREEMENT
APNS: 101-170-044, 101-170-045
Federal ID No.: 95-6000697
OF PURCHASE AND SALE
AND JOINT ESCROW INSTRUCTIONS
First American Title Insurance Company
3281 East Guasti Road, Suite 440
Ontario, California 91760
Attention: Angela Northan
1. PARTIES AND DATE.
Escrow No: --------
Title Order No.: ------
This AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW
INSTRUCTIONS ("Agreement") is entered into as of this 6th day of July, 2022 ("Entry Date"), by and between ASC 1.46 Acres, LLC, a California limited liability company ("ASC"), Allsize Storage Corona, Inc., a California corporation ("Allsize"), and the City of Corona, a California municipal corporation ("City"). ASC, Allsize and the City are sometimes individually referred to herein as "Party" and collectively as "Parties" throughout this Agreement.
This Agreement shall be effective as of the date, following all legally required notices and hearings, that this Agreement has been approved by the City's governing body or its delegated representative and signed by all Parties ("Effective Date").
2. RECITALS.
2.1 City Property. The City is the owner in fee of approximately 0.128 acres of real property that is excess right-of-way located north of Palisades Drive, south of State Route 91, and immediately west of certain real property identified as 2785 Palisades Drive, Corona, Riverside County, California, as described and depicted in Exhibit "A" attached hereto and incorporated herein by reference ("City Property"). Except as provided in the Grant Deed attached as Exhibit "D" to this Agreement, reference herein to City Property shall include all of City's right, title and interest, in and to any and all improvements, fixtures, rights-of-way, entitlements, claims or other benefits in any way connected with the City Property.
2.2 Allsize Property. Allsize is the owner in fee of certain real property located at 2785 Palisades Drive, Corona, Riverside County, California, and designated as Assessor Parcel Number(s) 101-170-045 ("Allsize Property").
2.3 ASC Property. ASC is the owner in fee of certain real property located immediately west of the Allsize Property and north of the City Property in Corona, Riverside County, California, and partly designated as Assessor Parcel Number(s) 101-170-044 ("ASC Property").
2.4 Temporary Construction Easements. City desires to acquire certain temporary construction easements over portions of the Allsize Property, as described and depicted in CA \JR\16000.65504\10252368. 7