AGREEMENT FOR PURCHASE AND SALE OF REAL ESTATE Portion of APN: 673-020-004
THIS AGREEMENT FOR PURCHASE AND SALE OF REAL ESTATE (this “Agreement”), is entered into as of ___________ __, 20__ (“Effective Date”), by and between COACHELLA VALLEY WATER DISTRICT , a public agency of the State of California (“Seller”) and OUTDOOR RESORTS/PALM SPRINGS OWNERS ASSOCIATION, a California non-profit corporation (“Purchaser”). A. Seller owns that certain land for wellsite purposes (“Property”) commonly known as APN: 673-020-004 more particularly described and depicted on Exhibit “A” attached hereto and made a part hereof. B. The Property is located immediately adjacent to Outdoor Resorts Palm Springs and to Prime Asset, LLC (“Prime”) located in the City of Cathedral City, California that is intended as the future site of Purchaser’s dog park pursuant to License Agreement dated ____________ between Prime and Purchaser. D. Purchaser desires to purchase and Seller desires to sell a portion of the Property as described and depicted on attached Exhibit “B” (the “Surplus Property”) on the terms and conditions contained herein. Seller shall retain an easement for pipelines and access over the entirety of the Surplus Property (“Pipeline and Access Easement”). NOW THEREFORE , in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: ARTICLE 1 AGREEMENT TO PURCHASE AND SELL Purchaser agrees to purchase, and Seller agrees to sell, the Property at the Purchase Price (defined below) and on the terms set forth herein. In furtherance thereof Seller agrees to convey to Purchaser title to the Property together with all existing privileges, rights (including mineral rights to the extent they are transferable by Seller), easements, hereditaments, and appurtenances thereto belonging; and all right, title and interest of Seller in and to the Surplus Property, provided, however, that Seller shall retain all water rights and a Pipeline and Access Easement over the entirety of the Surplus Property for access and connection to the wellsite in the recordable Grant Deed substantially in form and content as set forth in Exhibit “C” attached hereto (“Grant Deed”). ARTICLE 2 PURCHASE TERMS 2.1 Purchase Price . The purchase price (“Purchase Price ” ) to be paid by Purchaser to Seller for the Property shall be Thirty Thousand Dollars ($30,000.00) which shall be paid as follows:
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