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HomeMy WebLinkAboutAGMT - Animal Care Center (Purchase and Sale)1 PURCHASE AND SALE AGREEMENT THIS PURCHASE AND SALE AGREEMENT (the "Agreement ") is dated as of September 27, 2004, and is entered into by and between the REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH, a public body, corporate and politic (the "Seller ") and FRIENDS OF SEAL BEACH ANIMAL CARE CENTER, INC., a California public benefit corporation (the "Purchaser "). RECITALS A. The Seller is the owner of the land described on Exhibit "A" attached hereto and the improvements thereon (the "Property "). B. Seller and Purchaser are parties to certain "Agreement for Animal Shelter Operation in Exchange for Leasehold of Real Property" dated January 8, 1996, as arnended by that certain Amendment No. 1 to Animal Shelter Agreement dated in March 2002 (the "Operating Agreement" ). C. Seller has agreed to sell the Property to the Purchaser on the terms and subject to the conditions set forth therein. NOW, THEREFORE, the parties hereto agree as follows: ARTICLE 1. DEFINITIONS The following capitalized terms as used in this Agreement shall have the respective meanings set forth below: Section 1.1 City means the City of Seal Beach, a municipal corporation. Section 1.2 CC &R's means Conditions, Covenants and Restrictions in favor of the Seller in the form attached hereto as Exhibit `B ". Section 1.3 Due Diligence Documents shall mean all material agreements, reports and other documents in Seller's possession that pertain to the Property. Section 1.4 Event of Default shall have the meaning set forth in Section 5.1. Section 1.5 Governmental Requirements means all applicable laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State of California, the County of Orange, the City, or any other political subdivision in which the Property is located, and of any other political subdivision, agency or instrumentality exercising jurisdiction over the Seller, the Purchaser or the Property, including all applicable federal, state and local occupation, safety and health laws, rules, regulations and standards, applicable state labor standards, the City zoning and development standards, building, plumbing, mechanical and electrical codes, and all other provisions of the Municipal Code of the City of Seal Beach, and all applicable disabled and handicapped access requirements, including, without limitation the Americans With Disabilities Act, 42 U.S.C. Section 12101, et seq., Government Code Section 4450, et seq., and the Unruh Civil Rights Act, Civil Code Section 51, et seq. PURCHASE AND SALE AGREEMENT S7284.0001; Purchase and Sale Agreement - 1 - Section 1.6 Hazardous Materials shall include, but not be limited to, substances defined as "hazardous substances, " "hazardous materials, " "pollutant or contaminant, " "imminently hazardous chemical substance or mixture, " "hazardous air pollutant, " "toxic pollutant, " "hazardous waste, " "extremely hazardous waste " or "toxic substances " in any of the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, 42 U.S.C. §9601, et seq.; the Hazardous Materials Transportation Act, 49 U.S.C. §1801, et seq.; The Resource Conservation and Recovery Act, 42 U.S.C. §6901, et seq.; and those substances defined as "hazardous substances " in §25316 of the California Health & Safety Code; and in the regulations adopted and publications promulgated pursuant to said laws (collectively, "Hazardous Materials Laws "). Section 1.7 Transfer shall mean: (a) any transfer, conveyance or encumbrance by Purchaser, voluntarily or involuntarily, of the Property or any portion thereof or interest therein, and (b) any transfer of control of the Purchaser. ARTICLE 2. AGENCY SALE OF THE PROPERTY TO PURCHASER. Section 2.1 Agreement to Purchase and Sell The Seller hereby agrees to sell the Property to Purchaser, and Purchaser hereby agrees to buy the Property, upon the terms and subject to the conditions hereinafter set forth. Section 2.2 Conditions to the Sale of the Property; Closing Date The following events are conditions precedent to the Seller's sale of the Property to the Purchaser: (i) the Purchaser's Due Diligence Documents, if any, to be delivered to Purchaser by Seller and approval thereof by Purchaser; (ii) delivery of such corporate documents and authorization of the Purchaser that the Seller may require, and approval thereof by Seller. The date upon which the above conditions precedent have been fully satisfied and the Quitclaim Deed recorded in the Official Records of Orange County, is referred to herein as the "Closing," and shall occur no later than October 31, 2004. Section 2.3 Purchase Price; Title Purchaser shall pay to Seller the sum of ONE AND NO 1100 DOLLARS ($1.00) (the "Purchase Price ") for the Property in cash at the Closing. Section 2.4 Delivery Of Documents Seller and Purchaser, as applicable, hereby covenant and agree to deliver at least one (1) business day prior to the Closing the following instruments, documents, and funds, the delivery of each of which shall be a condition of the Closing. Section 2.4.1 Seller shall deliver to Purchaser: Counterpart original of the Quitclaim Deed in the form of Exhibit "C" attached hereto, duly executed and acknowledged by Seller. PURCHASE AND SALE AGREEMENT 57284.0001; Purchase and Sale Agreement -2- n Section 2.4.2 Purchaser shall deliver to Seller both the CC &R's and a counterpart of the Quitclaim Deed, both duly executed and acknowledged. Section 2.4.3 Authorization To Record Documents Seller is hereby authorized to record the Quitclaim Deed and then the CC &R's in the Official Records of Orange County, California. Section 2.5 Escrow Charges And Prorations Section 2.5.1 Seller shall pay: (i) all costs and charges for recording the CC &R's and Quitclaim Deed (if any); (ii) all documentary or other local transfer taxes on the transfer of the Property (if any); and (iii) Seller's share of other charges prorated under the terms of this Agreement. Section 2.5.2 Purchaser shall pay Purchaser's share of other charges prorated under the terms of this Agreement. Section 2.5.3 Taxes, assessments, rent and other income, and all operating expenses and other expenses shall be apportioned with respect to the Property as of 12:01 a.m., on the day on which the Closing occurs, as if Purchaser were vested with title to the Property during the entire day upon which the Closing occurs, and Purchaser shall be liable for all property taxes and assessments with respect to the Property that are assessed or are payable after the Closing. The provisions of this Section shall survive the Closing. Section 2.5.4 Upon the Closing, the Operating Agreement shall terminate. Section 2.6 Survey. Purchaser may, at Purchaser's sole cost and expense, obtain an ALTA survey of the Property prepared by a registered land surveyor licensed by the State of California. Section 2.7 Review of Due Diligence Documents Physical Condition Inspections Seller shall deliver copies of all Due Diligence Documents in Seller's possession to Purchaser within ten (10) days after the date of this Agreement and Purchaser shall have the right to object to any such document and terminate this Agreement based on such objection by written notice to Seller given on or before the date that is twenty (20) days after the date of this Agreement. It is understood and agreed upon and between the parties hereto that this transaction is not subject to or conditioned upon inspections of the Property by Purchaser because the Purchaser is the occupant of the Property and has been occupying and using the Property from 1996 to the date hereof. Purchaser represents and warrants to Seller that it has performed inspections and tests with respect to, but not limited to, the physical condition of the land and improvements constituting the Property, including without limitation, the condition of soils, storm drainage, utility operation and hookups, hazardous materials, compliance with law, and construction defects. Section 2.8 "AS -IS" Condition of the Property Purchaser acknowledges and agrees that it is purchasing the Property in its "AS -IS" condition, with all faults, and without representation or warranty, express or implied. PURCHASE AND SALE AGREEMENT S7284.0001; Purchase and Sale Agreement -3- Section 2.9 Brokers' Commissions Purchaser represents and warrants to Seller that Purchaser has used no broker, agent, finder or other person in connection with the transaction contemplated hereby to whom a brokerage or other commission or fee may be payable. Seller represents and warrants to Purchaser that Seller has used no broker, agent, finder or other person in connection with the transaction contemplated hereby to whom a brokerage or other commission or fee may be payable. Each party shall indemnify, defend and hold the other harmless from any claims, liabilities, costs, losses, expenses and damages resulting from any breach by the indemnifying party of its representations and warranties in this Section 2.9. Section 2.10 Hazardous Materials The Seller makes no representations or warranties, express or implied, whatsoever to the Purchaser as to the condition of any portion of the Property, including but not limited to whether the Property contains any Hazardous Materials. If the Property is not in a condition suitable for the use or uses to which it shall be put, then it is the sole responsibility and obligation of the Purchaser to take such action as may be necessary to place the Property in a condition suitable for its intended use. The Purchaser acknowledges and agrees specifically that the Seller shall have no responsibility or obligation with respect to the abatement of asbestos or any other Hazardous Materials on the Property. The Purchaser, on behalf of itself and its successors, affiliates, partners, and assigns, agrees to indemnify, protect, defend and hold harmless the Seller and the City (as a third -party beneficiary hereof), including, but not limited to, the City's and the Seller's servants, employees, agents, representatives, successors, administrators, assigns, and attorneys, and of each of them alone, from and against any claim, action, suit, proceeding, loss, cost, damage, liability, deficiency, fine, penalty, punitive damage, or expense (including, without limitation, attorneys' fees), resulting from, arising out of, or based upon the past, present and future (i) the presence, release, use, generation, discharge, storage or disposal of any Hazardous Materials on, under, in or about, the Property or the transportation of any such Hazardous Materials to or from the Property, as a result of the Project or otherwise, or (ii) violation, or alleged violation, of compliance with the requirements of any statute, ordinance, order, rule, regulation, permit, judgment or license relating to the use, generation, release, discharge, storage, disposal of Hazardous Materials on, in or about the Property. This indemnity shall include, without limitation, any damage, liability, fine, penalty, or expense, including without limitation, attorney fees, arising from or out of any claim, action, suit or proceeding for personal injury (including sickness, disease or death), tangible or intangible property damage, compensation for lost wages, business income, profits or other economic loss, damage to the natural resource or the environment, nuisance, contamination, leak, spill, release or other adverse effect on the environment, and the cost of clean -up of the Property, or any portion thereof, or any improvements thereon, caused by or resulting from any Hazardous Material, or toxic substances or waste existing on, tinder, about or adjacent to the Property. The Purchaser, on behalf of itself and its successors, affiliates, partners, and assigns, hereby fully and entirely releases and discharges the City (as a third party PURCHASE AND SALE AGREEMENT 57284.0001. Purchase and Sale Agreement -4- beneficiary hereof) and the Seller (including, but not limited to, the City's and the Seller's servants, employees, agents, representatives, successors, administrators, assigns, and attorneys), and of each of them alone, of and from any and all claims, causes of action, or demands, liabilities, damages, and losses, of whatever nature, anticipated or unanticipated, known or unknown, on account of the presence of any Hazardous Materials in, on, under, or about the Property or in connection with, or in any way related to the Property. This release constitutes an explicit waiver by the Purchaser of each and all of the provisions of California Civil Code Section 1542, which states as follows: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the deb Purchaser's " Purchaser's Initials: The Purchaser hereby declares and represents that it is executing this release of the City and the Seller after having read all of this release and with full understanding of its meaning and effect and after having received full legal advice as to its rights from an attorney. ARTICLE 3. USE OF THE PROPERTY; REVERSION Section 3.1 Use as Animal Shelter; Reversion. Purchaser shall use the Property for animal shelter purposes and for no other purposes. As provided in the Quitclaim Deed, upon a failure of the Purchaser to use the Property for such purposes, all right, title and interest of Purchaser in, under and to the Property shall automatically revert to the Seller unless such failure is not within the control of Purchaser. Section 3.2 Obligation to Refrain from Discrimination The Purchaser shall not restrict the sale or sublease of the Property or any portion thereof on the basis of sex, age, handicap, marital status, race, color, religion, creed, ancestry or national origin of any person. The covenants contained in this Section 3.2 shall remain in effect in perpetuity. Section 3.3 Form of Nondiscrimination and Nonsegr_egation Clauses All deeds, leases and contracts relating to the Property, or any interest therein, that are entered into by or at the direction of Purchaser shall contain the following nondiscrimination or nonsegregation clauses: 1. In deeds: "The grantee herein covenants by and for himself, his heirs, executors, administrators and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of sex, marital status, race, age, handicap, color, religion, creed, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the grantee himself or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the land herein conveyed. The foregoing covenants shall run with the land." PURCHASE AND SALE AGREEMENT 57284 0001: Purchase and Sale Agreement -5- 2. In contracts: "Each party hereto herein covenants by and for himself, his heirs, executors, administrators and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, ancestry, national origin, age, physical handicap in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land, nor shall the transferee itself or any person claiming under or through it establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the land. " ARTICLE 4. INSURANCE; INDEMNITY Section 4.1. Insurance and Indemnity Purchaser (and its successors and assigns) shall comply with the provisions set forth in the Restrictive Covenants (Exhibit B) with respect to required insurance and its duty to indemnify Seller and the City. ARTICLE 5. EVENTS OF DEFAULT AND REMEDIES Section 5.1 Events of Default The occurrence of any of the following shall constitute an Event of Default under this Agreement: Section 5. 1.1 Any breach of this Agreement not described in Section 5.1.2 which is not cured within ten (10) days after written notice from the other party. Section 5.1.2 At any time during which Purchaser retains an interest in the Project, the filing of a petition in bankruptcy by or against the Purchaser or appointment of a receiver or trustee of any property of the Purchaser, or an assignment by the Purchaser for the benefit of creditors, or adjudication that the Purchaser is insolvent by a court, and the failure of the Purchaser to cause such petition, appointment, or assignment to be removed or discharged within 60 days. Section 5.2 Purchaser's Remedies The Purchaser's sole remedies for the Seller's breach of this Agreement shall be: (a) to institute an action in equity to seek mandamus or specific performance of the terms of this Agreement, or (b) to terminate this Agreement. In no event shall the Seller be liable for damages. Section 5.3 Seller's Remedies If any Event of Default by Purchaser occurs, then the Seller shall be entitled to all remedies at law or in equity. Section 5.4 Inaction Not a Waiver of Default Except as expressly provided in this Agreement to the contrary, any failures or delays by either party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies, or deprive either such party of its rights to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. PURCHASE AND SALE AGREEMENT 57284.0001; Purchase and Sale Agreement -6- ARTICLE 6. GENERAL PROVISIONS Section 6.1 Construction The Parties agree that each Party and its counsel have reviewed and revised this Agreement and that any rule of construction to the effect that ambiguities are to be resolved against the drafting Party shall not apply in the interpretation of this Agreement or any amendments or exhibits hereto. Section 6.2 Police Powers Nothing contained herein shall be deemed to limit, restrict, amend or modify, or to constitute a waiver or release of, any ordinances, notices, orders, rules, regulations or requirements (now or hereafter enacted or adopted and/or as amended from time to time) of the City or the Seller, or their departments, commissions, agencies and boards and the officers thereof, including, without limitation, any redevelopment or general plan or any zoning ordinances, or any of the City's or the Seller's duties, obligations, rights or remedies thereunder or pursuant thereto or the general police powers, rights, privileges and discretion of the City or the Seller in the furtherance of the public health, welfare and safety of the inhabitants thereof; provided, however, that the Seller agrees not to take any action to frustrate or hinder the intent or effect of this Agreement. Section 6.3 Time of the Essence Time is of the essence of this Agreement and all obligations hereunder. Section 6.4 Notices, Demands and Communications Between the Parties Notices, demands and communications between the Seller or the City and the Purchaser shall be deemed sufficiently given if (i) delivered personally, (ii) dispatched by registered or certified mail, postage prepaid, return receipt requested, or (iii) sent by nationally - recognized reputable overnight delivery service to the principal offices of the City or the Seller and the Purchaser as set forth below. Such written notices, demands and communications may be sent in the same manner to such other addresses or to such other address as any Party may from time to time designate by mail as provided in this Section, and shall be deemed received upon delivery or refusal of delivery, if delivered personally, within three (3) business days after deposit of same in the United States mail, if mailed, or one (t) business day after deposit of same with a nationally recognized reputable overnight delivery service if sent by such a delivery service. To the Purchaser: Friends of Seal Beach Animal Care Center 1700 Adolfo Lopez Dr. Seal Beach, California 90740 To the Seller: City Manager City of Seal Beach 211 8th Street Seal Beach, California 90740 With a copy to: Richards, Watson & Gershon 355 South Grand Avenue, 40th Floor Los Angeles, California 90071 Attn: Bruce Galloway, Esq. PURCHASE AND SALE AGREEMENT S7284.0001; Purchase and Sale Agreement -7- Section 6.5 Purchaser's Representations and Warranties The Purchaser makes the following representations and warranties as of the date of this Agreement and agrees that such representations and warranties shall survive this Agreement, and further agrees that, until the Closing, upon learning of any fact or condition which would cause any of the warranties and representations in this Section not to be true, the Purchaser shall promptly give notice of such fact or condition to the Seller. Section 6.5.1 Status The Purchaser is cluly organized, validly existing, in good standing under the laws of the state, and is qualified to do business and is in good standing in the State of California with full power and authority to perform the obligations contemplated hereby. Section 6.5.2 No Litigation There is no litigation, action, suit, or other proceeding pending or threatened against the Purchaser, or to the Purchaser's knowledge, against the Property, which may in any manner whatsoever materially adversely affect the validity, priority, or enforceability of this Agreement. Section 6.5.3 Authority The Purchaser has complied with all Governmental Requirements concerning its organization, existence and transaction of business on and ownership of the Property. Section 6.5.4 Enforceability The Purchaser has full right, power and authority to execute and deliver this Agreement, and all documents executed pursuant hereto, and to perform the undertakings of the Purchaser contained in such agreements. All agreements executed pursuant hereto constitute valid and binding obligations of the Purchaser which are legally enforceable in accordance with their terms, subject to the application and effect of all Governmental Requirements including, without limitation, the laws of bankruptcy, creditor's rights exceptions, and equity. Section 6.5.5 No Breach None of the undertakings of the Purchaser contained in this Agreement or any agreements executed pursuant hereto violates any applicable Governmental Requirements, or conflicts with, or constitutes a breach or default under, any agreement by which the Purchaser is bound or regulated. Section 6.5.6 Condition and Investigation of Property Purchaser will conduct its own due diligence regarding the Property as provided for in this Agreement, and Purchaser acknowledges that Purchaser is purchasing the Property in reliance on Purchaser's own due diligence and investigation and understands that Seller has made no representations and warranties expressly set forth in this Agreement, and no representations or warranties express or implied, have been made by Seller or by Seller's agents. Purchaser further acknowledges that the Property shall be accepted by Purchaser "AS IS, WHERE IS, WITH ALL FAULTS ", without representation or warranty and with no right of setoff or reduction in the purchase price as of the Closing. Purchaser is experienced in the purchase of real property, and Purchaser has the ability either itself or with the advice of its agents to evaluate the risks associated with the purchase of the Property and at the time of the closing, Purchaser shall have had adequate time to PURCHASE AND SALE AGREEMENT 57284.0001: Purchase and Sale Aereement -8- properly and completely review and analyze the condition of the Property to the extent it deems necessary or appropriate. Section 6.6 Release for Condition of Property Purchaser hereby releases Seller, City, their affiliates, successors and assigns from any and all claims, liabilities, losses, costs, and damages that Purchaser or any third party may suffer arising from the condition of the Property whether caused by Seller or any predecessor in interest of Seller, or otherwise and whether or not known to Purchaser at or before the Closing (the "Released Matters "). From and after the Closing, Purchaser hereby assumes full responsibility for any injuries, damages, losses or liabilities with respect to the Released Matters, whether known or unknown. With respect to the Released Matters, Purchaser further acknowledges it has had full advice of legal counsel of Purchaser's choice and has read and considered the provisions of California Civil Code section 1542, which reads as follows: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH DEBTOR." Purchaser's Initials: Purchaser hereby expressly waives and relinquishes any right or benefit which Purchaser has or may have under California Civil Code section 1542 as it relates to the Released Matters, and in this connection Purchaser acknowledges and hereby expressly agrees this Agreement shall extend to all unknown, unsuspected and unanticipated claims or damages, as well as those which are now disclosed, with respect to the Released Matters. Section 6.7 Warranty Against Payment of Consideration for Agreement The Purchaser warrants that it has not paid or given, and will not pay or give, to any third person, any money or other consideration for obtaining this Agreement, other than normal costs of conducting business and costs of professional services such as architects, engineers and attorneys. Section 6.8 Release of Seller and City Officials No member, official, agent, employee, or attorney of the Seller or the City shall be personally liable to the Purchaser, or any successor in interest of the Purchaser, in the event of any default or breach by the Seller or the City or for any amount which may become due to the Purchaser or its successors, or on any obligations under the terms of this Agreement. The Purchaser hereby waives and releases any claim it may have personally against the members, officials, agents, employees, consultants, or attorneys of the Seller or the City with respect to any default or breach by the Seller or the City or for any amount which may become due to the Purchaser or its successors, or on any obligations under the terms of this Agreement. The Purchaser makes such release with full knowledge of Civil Code Section 1542, and hereby waives any and all rights thereunder to the extent of this release, if such Section 1542 is applicable. California Civil Code Section 1542 provides as follows: PURCHASE AND SALE AGREEMENT 57284.0001; Purchase and Sale A,reement -9- "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR." Purchaser's Initials: J4 Section 6.9 Attorneys' Fees If any party brings an action to enforce the terms hereof or declare its rights hereunder, the prevailing party in any such action shall be entitled to its actual attorneys' fees to be paid by the losing party. If the Seller or the City, without fault, is made a party to any litigation instituted by or against the Purchaser, then the Purchaser shall defend the Seller and the City against and save the Seller and the City harmless from all costs and expenses including attorneys' fees incurred in connection with such litigation. Section 6.10 Venue In the event of any litigation hereunder, all such actions shall be instituted in the Superior Court of the County of Orange, State of California, or in an appropriate municipal court in the County of Orange, State of California. Section 6.11 Applicable Law This Agreement shall be governed by the laws of the State of California. Section 6.12 Successors and Assigns; Transfer Purchaser may not assign this Agreement without the consent of Seller. Subject to the foregoing (and the restrictions on Transfers set forth herein), the provisions hereof shall be binding upon, and inure to the benefit of, the Seller and the Purchaser and their successors and assigns. Purchaser may not conduct any Transfer or permit any Transfer to occur, without the prior written consent of Seller, which will not be unreasonably withheld with respect to a change in control of the Purchaser. Section 6.13 No Joint Venture Nothing contained herein shall be construed to render the Seller in any way or for any purpose a partner, joint venturer, or associated in any relationship with the Purchaser, nor shall this Agreement be construed to authorize either party to act as agent for the other. Section 6.14 Records The Seller or any representative or designee thereof may at any time during normal business hours, upon reasonable prior notice, examine the books and records of the Purchaser, or of any officer, employee, agent, contractor, affiliate, related person, assignee or franchisee, to the extent that such books and records relate, directly or indirectly, to the acquisition and operation of the Property. The Purchaser shall keep the originals or true and correct copies, at the Purchaser's choice, of all such records at its address for notices described in Section 6.4 above, or at another location in Orange County, California reasonably approved by the Seller. Section 6.15 Waiver The waiver by the Seller or the Purchaser of any breach by the other party of any term, covenant, or condition herein contained shall not be deemed to be a waiver of such term, covenant, or condition or any subsequent breach of the same or any other term, covenant, or condition herein contained. Either party's acceptance of any performance by the other party after the due date of such performance shall not be deemed to be a waiver by PURCHASE AND SALE AGREEMENT S7284.0001; Purchase and Sale Agreement - 10 - either party of any preceding breach by the other party of any term, covenant, or condition of this Agreement, regardless of such party's knowledge of such preceding breach at the time of acceptance of such performance. Section 6.16 Entire Agreement. Waivers and Amendments This Agreement, together with all attachments and exhibits hereto and all documents to be executed and delivered pursuant to this Agreement, constitutes the entire understanding and agreement of the Parties hereto. This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto, and supersedes all negotiations or previous agreernents between the parties with respect to all or any part of the subject matter hereof. Any waiver, amendment, or modification of any provision of this Agreement must be in writing and signed by both parties. Section 6.17 Execution in Counterparts This Agreement may be executed in two or more counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. Section 6.18 Severability Each and every provision of this Agreement is, and shall be construed to be, a separate and independent covenant and agreement. If any term or provision of this Agreement or the application thereof shall to any extent be held to be invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision to circumstances other than those to which it is invalid or unenforceable, shall not be affected PURCHASE AND SALE AGREEMENT S7284.0001; Purchase and Sale A .-reement hereby, and each term and provision of this Agreement shall be valid and shall be enforced to the extent permitted by law. IN WITNESS WHEREOF, the parties hereto have entered into this Agreement as of the clay and year first above written. SELLER: REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH, a public body, corporate and politic Name: Ate' W 5 PURCHASER: FRIENDS OF SEAL BEACH ANIMAL CARE CENTER, INC., a Californi. public benefit corporation _C> / By: Name: n e mom - Title: `�tles" � e-,4 *go k+?vvt r Title: L 'V Attest: Agency Secretary Approved as to Form: 4 2! � Cz - -A e� Bruce Galloway for Richards, Watson & Gershon, a professional corporation PURCHASE AND SALE AGREEMENT S7284.0001: Purchase and Sale A.-rcement - 12 - 0 0 4=174"03'05° cl 4=16 R=92' L=27.23' T=13.7l' -~S7"23~58°W (RAC) ^~N24"21~35~E (RAZ) ANIMAL SHELTER PARCEL 42,532 SO FFT (0,976 AD R0.3. c t y | ! | 0 50 100 • List of Exhibits Exhibit "A" Legal Description of Land Exhibit `B" Form of Restrictive Covenants Exhibit "C" Form of Quitclaim Deed • PURCHASE AND SALE AGREEMENT Purchase and Sale Agreement A -1 EXHIBIT "A" THAT PORTION OF PARCEL 1, IN THE CITY OF SEAL BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON PARCEL MAP FILED IN BOOK 94, PAGE 1 OF PARCEL MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS: COMMENCING AT THE MOST SOUTHWESTERLY CORNER OF AFORESAID PARCEL 1 OF SAID PARCEL MAP FILED IN BOOK 94, BOOK 1 OF PARCEL MAPS, SAID CORNER BEING AN ANGLE POINT IN THE NORTHWESTERLY LINE OF THE LAND SHOWN "DESIGNAGED REMAINDER PARCEL" ON TRACT NO. 15402 RECORDED IN BOOK 832, PAGES 38 THROUGH 44 INCLUSIVE OF MISCELLANEOUS MAPS, RECORDS OF SAID COUNTY; THENCE ALONG THE SOUTHWESTERLY LINE OF AFORESAID PARCEL 1 OF SAID PARCEL MAP FILED IN BOOK 94, PAGE 1 OF PARCEL MAPS, SOUTH 65 0 38'35" EAST 65.27 FEET TO THE POINT OF BEGINNING, SAID POINT BEING THE BEGINNING OF A NON - TANGENT CURVE CONCAVE TO THE NORTHWEST AND HAVING A RADIUS OF 97.00 FEET, A RADIAL LINE OF SAID CURVE FROM SAID POINT BEARS NORTH 18 WEST; THENCE NORTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 47 AN ARC LENGTH OF 79.66 FEET TO A POINT ON A TANGENT LINE; THENCE ALONG SAID TANGENT LINE NORTH 24 108.97 FEET TO THE SOUTHWESTERLY RIGHT -OF -WAY LINE CUL -DE -SAC OF ADOLFO LOPEZ DRIVE, SAID POINT BEING ON A NON - TANGENT CURVE CONCAVE TO THE NORTHEAST AND HAVING A RADIUS OF 46.00 FEET, A RADIAL LINE OF SAID CURVE FROM SAID POINT BEARS NORTH 35 0 29'57" EAST, THENCE SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 28 0 05'58" AN ARC LENGTH OF 22.56 FEET TO THE POINT OF A TANGENT REVERSE CURVE, SAID POINT BEING ON THE SOUTHWESTERLY RIGHT -OF -WAY LINE CUL -DE -SAC OF ADOLFO LOPEZ DRIVE; SAID REVERSE CURVE BEING CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 92.00 FEET, A RADIAL LINE OF SAID CURVE FROM SAID POINT BEARS SOUTH 7 0 23'58" WEST; THENCE SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 16 AN ARC LENGTH OF 27.23 FEET TO A POINT ON A TANGENT LINE BEING THE SOUTHWESTERLY RIGHT -OF -WAY LINE OF ADOLFO LOPEZ, SAID RIGHT -OF -WAY BEING 80.00 FEET IN WIDTH; THENCE ALONG SAID SOUTHWESTERLY RIGHT -OFWAY LINE OF ADOLFO LOPEZ DRIVE SOUTH 65 0 38'35" EAST 159.04 FEET; THENCE LEAVING SAID SOUTHWESTERLY RIGHT -OF -WAY LINE OF ADOLFO LOPEZ DRIVE SOUTH 24 0 21'25" WEST 185.00 FEET TO A POINT ON THE AFORESAID SOUTHWESTERLY LINE OF PARCEL 1 OF PARCEL MAP FILED IN BOOK 94, PAGE 1 OF PARCEL MAPS; THENCE ALONG SAID SOUTHWESTERLY LINE OF SAID PARCEL 1 NORTH 65 0 38'35" WEST 239.73 FEET TO THE POINT OF BEGINNING. CONTAINING 42,532 SQUARE FEET OR 0.976 ACRES, MORE OR LESS. PURCHASE AND SALE AGREEMENT Purchase and Sale Agreement EXHIBIT "B" FORM OF RESTRICTIVE COVENANT PURCHASE AND SALE AGREEMENT Purchase and Sale Agreement i • EXHIBIT "C" FORM OF QUITCLAIM DEED L PURCHASE AND SALE AGREEMENT Purchase and Sale Agreement