AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY
AND ESCROW INSTRUCTIONS
APN: 451-134-06
BLACKSTONE & MCKINLEY BNSF GRADE SEPARATION PROJECT
This Agreement for Purchase and Sale of Real Property (Agreement) is entered into by and between RR-M Reyna, Inc and the CITY OF FRESNO, a municipal corporation.
RECITALS
A. Seller is the owner of an approximately O .17-acre parcel (7,425 square feet) located in the City of Fresno known as Assessor's Parcel Number (APN) 451-134-
06. 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 use 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:
1 . Subject Property. The Subject Property known as AP N 451-134-06 is situated at 1483-1487 N. Blackstone Ave in the City of Fresno, County of Fresno, State of California, being approximately 0.17 acres (7,405 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 THREE HUNDRED FIFTY-SEVEN
THOUSAND SEVEN HUNDRED TWENTY-FIVE DOLLARS AND ZERO CENTS ($357,725.00) (the Purchase Price) for the Subject Property. This amount includes payment for the existing real property improvements in the amount of THIRTY
TWO THOUSAND TWO HUNDRED AND TWENTY-FIVE DOLLARS AND ZERO CENTS ($32,225.00). Seller agrees that there will be no further payments for real property improvements.
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