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HomeMy WebLinkAboutContracts & Agreements_37-1978AGREEMENT OF CITY OF REDLANDS TO ACQUIRE REAL PROPERTY FOR PUBLIC USE This Agreement by and between Du WAYNE B. TENCH, hereinafter referred to as "Seller," and the CITY OF REDLANDS, hereinafter referred to as "Purchaser" is made and entered into this 31st day of August 3 1978 DWITTAT c A. Seller owns Mentone Domestic Water Company, an unincorporated public utility, hereinafter referred to as "the Company," which provides water service within and without the City of Redlands. B. Purchaser has caused studies to be made of the Company's assets to determine their value for the pur- pose of instituting condemnation proceedings. C. Seller and Purchaser through negotiations in lieu of condemnation have agreed on the acquisition terms set forth in this Agreement, which terms are fair and reason- able and are probably less expensive to Purchaser than acquisition through condemnation proceedings even if the additional expenses of such proceedings were not considered. D. Seller and Purchaser desire to avoid the additional expenses and delays of condemnation, and accord- ingly Seller has agreed to sell the Company including all of its assets to Purchaser and Purchaser has agreed to purchase the same in accordance with the terms, covenants and con- ditions set forth in this Agreement. WHEREFORE, the parties agree as follows: 1. Parties. The Company is an unincorporated public utility company which supplies water for domestic, irrigation, commercial and other beneficial uses within the town of Mentone, County of San Bernardino, State of California. Purchaser is a general law city of the State of California. The Company has been owned prior to the execution of this Agreement by Du Wayne B. Tench, as a sole proprietorship. 2. Purpose. The purpose of this Agreement is to provide for the purchase of the Company by the water division of Purchaser and to put Purchaser in a position to apply and employ the expertise, experience and staff of Purchaser in the management and operation of the Company's water system following the transfer of the Company to Purchaser. 3. Sale. Seller, for and in consideration of the amounts herein reserved and agreed to be paid by Purchaser and in further consideration of Purchaser's performance of the covenants and agreements herein contained, hereby sells to Purchaser all of the assets comprising the Company as more fully described on attached Exhibit "A" and incorporated by reference as a part hereof. 4. Consideration. In consideration for the transfer of the Company and its assets as described on Exhibit "A" and the covenants and agreements of Seller, Purchaser agrees to pay and Seller agrees to accept the sum of $170,674.00. 5. Pa ment of Consideration. At the closing of this transaction, Purchaser shall pay to Seller the sum of $50,000.00 in cash. The balance of the consideration as set forth in Paragraph 4, shall be evidenced by a promissory note executed by Purchaser which shall be paid in three (3) consecutive equal annual installments of $40,224.67 plus accrued interest of seven and one half percent (7.5%) per annum on the unpaid balance, payments to be made on each conse- cutive 10th day of January, commencing January 10, 1979. The promissory note shall be secured by the City of Redlands Water Legal and Capital Fund up to the amount of the unpaid balance of the note plus accrued interest. 6. Time and Place of Closing. The purchase and sale described in this Agreement shall be consummated and the closing occur at the City Hall, Redlands, California, on a date mutually agreed upon by the parties, but in no event later than August 31, 1978. Provided, however, that the parties may agree to a different place of closing without a formal amendment to this Agreement. 7. Covenants of Seller. Seller covenants and agrees with Purchaser: (a) That he has full right and authority to execute this Agreement and agrees that Purchaser at the closing shall have full legal and equitable title to the assets transferred under this Agreement. (b) That Purchaser has been afforded full opportunity to examine the property to be purchased by it hereunder and no representation or warranties whatever with respect thereto are made by him except that: (1) He will sell to Purchaser all prop- erty agreed to be sold by him hereunder free and clear of any lien, pledge or encumbrance. (2) He will not be in default in any material respect in the performance of any of the Company's obligations under any of its contracts or agreements, and shall assume and be responsible for any and all obligations to perform the main extension agreements of the Company executed prior to the date of this Agreement, (3) The Company has no obligations to be assumed by Purchaser other than those set forth herein and any such obligations, unknown to the parties at this time, and which may be discovered hereafter, shall be assumed by the Seller. 8. Notices. All notices required or permitted to be given hereunder shall be in writing and shall be sent by first --class mail, postage prepaid, deposited in the United States mail in California, and if intended for Seller shall be addressed to: Du Wayne B. Tench 1317 Agate Mentone, California Either party may by written notice to the other change the address for notices to be sent to it. -4 - 9. Successors and Assigns. The provisions of this Agreement shall inure to the benefit of and bind all successors of the parties including but not limited to their executors, administrators, heirs, lessees, contractees and assigns 10. Complete Agreement. All terms, covenants and conditions of this Agreement are as set forth herein and there are no warranties, agreements or understandings, express or implied, except such as are expressly set forth herein. IN WITNESS WHEREOF, each of the parties hereto has caused this instrument to be executed in triplicate. SELLER: DD WAY E E. TENCH PURCHASER: CITY OF NDS By: By:A- -5- A. Real Property 1. Crafton Well Site a. Parcel No. 1 That portion plat recorded County of San follows: EXHIBIT "A" ASSETS of Block 10, of Stretch Map of Mentone, as per in Book 8, of Maps, Page 81, Records of the Bernardino, State of California, described as Commencing at the center line intersection of Mentone Boulevard and Crafton Avenue; thence South along the center line of Crafton Avenue, 490 feet, thence West parallel with the center line of Mentone Boulevard, to the West right-of-way line of Crafton Avenue, to the true point of beginning; thence continuing West parallel with the center line of Mentone Boulevard, 100 feet, thence North parallel with the center line of Crafton Avenue, 50 feet, thence East parallel with the center line of Mentone Boulevard, 100 feet to a point on said West right-of-way line of Crafton Avenue, thence South on the West right-of-way line of Crafton Avenue, 50 feet to the point of beginning. b. Parcel No. 2 That portion of Block 10 of Stretch Map of Mentone as per plat recorded in Book 8 of Maps, Page 81, records of the County of San Bernardino, State of California described as follows: Commencing at the centerline intersection of Mentone Boulevard and Crafton Avenue; thence South along the centerline of Crafton Avenue 490 feet; thence West parallel with the centerline of Mentone Boulevard to the West right of way line of Crafton Avenue, said point being the True Point of Beginning; thence continuing West parallel with the centerline of Mentone Boulevard 100 feet; thence South parallel with the centerline of Crafton Avenue 80 feet; thence East parallel with the centerline of Mentone Boule- vard 100 feet to a point on said West right of way lane of Crafton. Avenue; thence North on. the West right of way lane of Crafton Avenue 80 feet to the point of beginning. EXHIBIT "A" (Continued) 2. Agate Well Site The East 88 feet of the North 78 feet of Block 80, Townsite of Mentone, as per plat recorded in. Book 6 of Maps, rage 35, Records of San Bernardino County, California. EXHIBIT "A" (Continued) B. Water Services Size Quantity 1. Iv 18 2 2" 8 3 . 3" 2 4. 4" 1 5 . 8" 1 ea. 6. 8" 1 ea. 7. 5/8 x 3/4 252 8. 3/4" 87 9 . 1" 85 C . Watermains Size & Type Length Location 1. 6" Stl. D&W 2630 ft. Chrysolite St . 2. 6" Stl. D&W 810 Alley north of Mentone Blvd. 3. 3" Stl. D&W 310 Alley north of Mentone Blvd. 4. 4" Stl. 720 Alley south of Mentone Blvd. 5. 22" Stl 440 Alley south of Mentone Blvd. 6 6" Stl. 2300 Jasper-alley north to S B 7. 4" Stl. 400 Alley north of Mentone Blvd. 8 . 2 2" Stl. 315 Opal Ave. 9. 3" Stl. 315 Opal Ave. 10. 4" Stl. 430 Opal Ave. 11. 6" Stl 420 Opal Ave. West 12 3" Stl. 200 Capri 13. 4" Stl. 1050 Capri 14. 10" Stl. DIP 2100 Capri 15. 6" Stl. 840 Turquoise 16. 4" Stl. 300 Turquoise 17. 2" Stl. 300 Turquoise 18. CTT Stl. D&W 800 Tourmaline 19. 4" Stl. 550 Tourmaline 20. 6" Stl. D&W 470 Beryl Florence to Nice 21. 6" Stl. 200 Beryl Florence to Naples 22. 4" Stl. 800 Olivine 23. 10" Stl. 1800 Malachite 24. Miscellaneous other watermains at various locations owned by Corporation. EXHIBIT "A" (Continued) D. Fire Hydrants 1. 4" "Jones" at various locations - 31 each. E. Equipment, Piping and Buildings 1. All equipment, piping and buildings within the Carafton Well Site excepting well pumping equipment in and on the "Old Reese" Well including but not limited to the following: a. Well Pump and Gear Head. b. "Waukesha" NICRB Gas Engine c. Miscellaneous engine equipment. 2. All equipment, piping and buildings within the Agate Well Site including but not limited to the following: a. Well Pump b. "Waukesha" 2475 Gas Engine C. Chlorinator d. Compressor e. Miscellaneous engine equipment. PROMISSORY NOTE $ 120,674 August 31 , 1978 City of Redlands promises to pay to the order of Du Wayne Bo Tench ':-One hundred twenty -thousand, six hundred seventy four and 00/100 Dollars, for value received with interest at seven and one half per cent per annum from September 1 1978- until paid,principal and interest payable �in three consecutive equal annual pay- ments of $40 M. 7 (plus accrued interest) on January 10, 1979, January 10 1980 and January 10 1981 both principal and interest payable in lawful money of the United States, APPROVED AS TO FORM: Mayor City Attorney CITY MANAGER On motion of Councilman Knudsen, seconded by Councilman Mentone Elliott, Council authorized the Public Works Department Domestic to enter into negotiations to acquire all the stock of Water the Mentone Domestic Water Company for $170,000 with Supply funds to come from the Legal and Capital Fund and also authorized the City Attorney to prepare the necessary documents. Motion carried by AYE votes of all present. Declaration A Declaration of Dedication from Alan M. and Michele S. of Smotkin, Trustees for Smotkin Family Trust, for street Dedication right-of-way purposes required for the development of Tract No. 9853, was accepted by Council on motion of Smotkin Councilman DeMirjyn, seconded by Councilman Knudsen, by AYE votes of all present_ A Grant Deed from Nelson B. and Carmen L. Reames for Grant Deed street right-of-way purposes on State Street required in connection with a building permit was accepted by Reames Council on motion of Councilman DeMirjyn, seconded by Councilman Knudsen, by AYE votes of all present. Declarations Two Declarations of Dedications from Gerald F. and Marie of T. Rutten for street right-of-way purposes in connection Dedications with the development of C.U.P. No. 284 located at the corner of Olive Avenue and Terracina Boulevard were Rutten accepted by AYE votes of all present on motion of Councilman DeMirjyn, seconded by Councilman Knudsen. On motion of Councilman DeMirjyn, seconded by Council - Quitclaim man Knudsen, Council authorized by AYE votes of all Deed present execution of a Quitclaim Deed to Barbara A. Parker with the Mayor and City Clerk authorized to sign Parker on behalf of the City. This Deed quitclaims all rights to a drainage easement no longer needed due to the construction of the Garden Street drain. In conjunction with solicitation of proposals for the decking of Parking Lot No. 2, it is necessary that information regarding soil conditions and topography be available. On :notion of Councilman Knudsen, seconded Funds by Councilman DeMirjyn, an additional appropriation of $2,500 from the Parking District Fund Reserve to provide this testing and surveying was approved by AYE votes of all present. On motion of Councilman DeMirjyn, seconded by Councilman Funds Knudsen, additional appropriation for $61,220 from various funds to cover worker's compensation premiums was approved by AYE votes of all present. Page four - May 16, 1978