Fresno City Council
June 12, 2025

1 APN 505-220-59 City of Fresno/DeYoung/PC00422
AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY AND ESCROW INSTRUCTIONSVETERANS-BARSTOW ACQUISTION PROJECTCITY PROJECT NUMBER: PC00422 This Agreement for Purchase and Sale of Real Property (the “Agreement”) is entered into effective ____________________, by and between DE YOUNG PROPERTIES 5224 L.P., a California limited partnership (the “Seller”) and the CITY OF FRESNO, a California municipal corporation (the “City”) (collectively referred to as the “Parties”). RECITALSA. The Seller is the owner of an approximately 0.99-acre (42,934 square feet) parcel, located in the City of Fresno known as Assessor’s Parcel Number (“APN”) 505-220-59. B. The City desires to purchase the Seller’s property more particularly defined in Section 1 below (the “Subject Property”) for the Veterans-Barstow Acquisition Project (the “Project”). C. The City now wishes to purchase from the Seller and the Seller now wishes to sell to the 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 is known as APN 505-220-59 and is located at the southwest corner of Veterans Boulevard and West Barstow Avenue, in the City of Fresno, County of Fresno, State of California, being approximately 0.99-acre (42,934 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. The Seller shall grant the Subject Property to the 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. The City shall pay the Seller ONE HUNDRED THIRTY-FIVE THOUSAND AND NO/100 DOLLARS ($135,000.00) (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. 5. Right to Sell. The Seller represents and warrants that it holds fee title to the Subject Property, that such property is free of all liens and encumbrances, and that it has the authority to enter into this Agreement. The Seller agrees to hold the City harmless and reimburse the City for any and all losses and expenses as to the