AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY
AND ESCROW INSTRUCTIONS
APN: 451-063-02
BLACKSTONE & MCKINLEY BNSF GRADE SEPARATION PROJECT
This Agreement for Purchase and Sale of Real Property (Agreement) is entered into by and between Edward D. Fanucchi and Mariangela Tosto, (Seller) and the CITY OF FRESNO, a municipal corporation (City).
RECITALS
A. Seller is the owner of an approximately 0.11 acre parcel (4800 square feet) located in the City of Fresno known as Assessor's Parcel Number (APN) 451- 063-02.
B. City desires to purchase Seller's property more particularly defined in Section 1 below (the Subject Property) for the Blackstone & McKinley BNSF Grade Separation Project (Project).
C. City requires the Subject Property for Project purposes, and for public uses in accordance with Sections 21080.13(a) of the California Public Resources Code, and 15282(9) of the (CEQA) Guidelines and is authorized to acquire the Subject Property pursuant to CCP 1240.010.
D. City now wishes to purchase from Seller and Seller now wishes to sell to City the Subject Property subject to the terms and conditions contained herein.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and of the covenants, conditions, and premises hereinafter contained to be kept and performed by the respective parties, it is mutually agreed as follows:
I. Subject Property. The Subject Property known as APN 451-063-02 is situated at 1599 North Calaveras Ave. in the City of Fresno, County of Fresno, State of California, being approximately 0.11 acres (4800 square feet) in size, which includes fixtures and improvements located on the property and all rights, privileges, and appurtenances including any permits and easements. A legal description of the Subject property is described in Exhibit "A", attached hereto, and incorporated herein by reference.
2. Fee Title. Seller shall grant the Subject Property to City in fee, free and clear of all liens, encumbrances, assessments, easements, leases, taxes, and restrictions of record except as set forth in this Agreement.
3. Purchase Price. City shall pay Seller $525,000.00 (FIVE HUNDRED TWENTY FIVE THOUSAND AND 00/100 DOLLARS) (the Purchase Price) for the Subject Property.
4. Effective Date. The Effective date of this Agreement shall be upon its duly authorized execution by the City.
1 IN WITNESS WHEREOF, the parties have executed this Agreement at Fresno, California, on the Effective date of this Agreement as defined above.
CITY OF FRESNO,
a California municipal corporation
By: ------------
Randall W. Morrison, PE
Capital Projects Director
Date
RECOMMENDED FOR APPROVAL:
r&_� f3V.J-'A-O 3-N . .J'f
Nancy Bruno Date
Supervising Real Estate Agent
APPROVED AS TO FORM:
ANDREW JANZ
City Attorney
Kelsey A. Seib
City Attorney
Date Deputy
ATTEST:
TODD STERMER, CMC
City Clerk
By: -------------
Deputy
Attachments:
1. Exhibit A - Legal Description
Date
OWNER,
By: th'l--Tll� -7. jf,.,zo;uj
Edward D. Fanucchi Date
B��,/; S ·/ il • �.;,_ f
Maringeia Tosto Date
EXHIBIT "A"
APN 451-063-02
Grant Deed
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF FRESNO, COUNTY OF FRESNO, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:
LOT 16 OF STIVERS TRACT, ACCORDING TO THE MAP RECORDED IN BOOK 8, PAGE 93 OF PLATS, FRESNO COUNTY RECORDS.