Loading...
HomeMy Public PortalAbout19941214 - Resolution - Board of Directors (BOD) (5) Cover Sheet for Scanning by ECS Originating Department General Manager Laserfiche Template Board of Directors Template Fields Document Date: l - � q Document Type: Resolution Preserve Name: Keywords (no more than 4): Gy-n- Coe kO Acau i S oC Project Name: Project Number: Vendor or Other Party: Name (First): Name (Last): Address: APN Number: Document No. 94-46 Additional Field: Additional Field: Additional Field: Additional Field: RESOLUTION 94-46 RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIDPENINSULA REGIONAL OPEN SPACE DISTRICT AUTHORIZING ACCEPTANCE OF AGREEMENT TO PURCHASE REAL PROPERTY, AUTHORIZING OFFICER TO EXECUTE CERTIFICATE OF ACCEPTANCE OF GRANT TO DISTRICT, AND AUTHORIZING GENERAL MANAGER TO EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY OR APPROPRIATE TO CLOSING OF THE TRANSACTION (SKYLINE RIDGE OPEN SPACE PRESERVE - LANDS OF GERALD C. GRAY AND ALICE COELHO) The Board of Directors of the Midpeninsula Regional Open Space District does resolve as follows: Section One. The Board of Directors of the Midpeninsula Regional Open Space District does hereby accept the offer contained in that certain Agreement to Purchase Real Property between Gerald C. Gray and Alice Coehlo and the Midpeninsula Regional Open Space District, a copy of which is attached hereto and by reference made a part hereof, and authorizes the President or appropriate officers to execute the Agreement on behalf of the District. Section Two. The President of the Board of Directors or other appropriate officer is authorized to execute a Certificate of Acceptance on behalf of the District. Section Three. The General Manager of the District shall cause to be given appropriate notice of acceptance to the seller. The General Manager further is authorized to execute any and all other documents necessary or appropriate to the transaction. Section Four. The General Manager of the District is authorized to expend up to $5,000.00 to cover the cost of title insurance, escrow fees, and other miscellaneous costs related to this transaction. Resolution No. Page 2 Section Five. It is intended, reasonably expected and hereby authorized that the District's general fund will be reimbursed in the amount of$188,800 from the proceeds of the next long term District note issue. This Section of this Resolution is adopted by the Board of Directors of the Midpeninsula Regional Open Space District solely for purposes of establishing compliance with the requirements of Section 1.103-18 of the Treasury Regulations. The reimbursement of this payment expenditure is consistent with District's budgetary and financial circumstances. There are no funds or sources of moneys of the District that have been, or reasonably are expected to be reserved or allocated on a long-term basis, or otherwise set aside to pay the costs of this open space land acquisition project which are to be paid or reimbursed out of proceeds of indebtedness to be issued by District. The Board of Directors hereby declares District's official intent to use proceeds of indebtedness to reimburse itself for this open space land acquisition project expenditure. RESOLUTION NO. 94-46 PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional Open Space District on December 14 , 19 94 at a regular meeting thereof, by the following vote: AYES: Peter Siemens, Robert McKibbin, Virginia Babbitt, Nonette Hanko, Elizabeth Crowder, and Wim de Wit NOES: None ABSTAIN: None ABSENT: Ernestine Henshaw ATTEST: APPROVED: Secretary lyr'o-tem, Presicjjqt' Board of Directors Board of Directors 1, the District Clerk of the Midpeninsula Regional Open Space District, hereby certify that the above is a true and correct copy of a resolution duly adopted by the Board of Directors of the Midpeninsula Regional Open Space District by the above vote at a meeting thereof duly held and called on the above day. Acting District Clerk AGREEMENT TO PURCHASE REAL PROPERTY This Agreement is made and entered into by and between GERALD C. GRAY and ALICE COELHO, hereinafter called "Seller" and the MIDPENINSULA REGIONAL OPEN SPACE DISTRICT, a Public District formed pursuant to Article 3 of Chapter 3 of Division 5 of the California Public Resources Code, hereinafter called "District. " WITNESSETH WHEREAS, Seller is the owner of an undivided 28 . 32% of four- fifteenths (4/15ths) interest in certain real property which is approximately 767 . 9 acres in size (the "Property") , situated in an unincorporated area of San Mateo County, State of California as shown on the "Map" attached hereto as Exhibit "All and incorporated herein by this reference and legally described in Exhibit "B" as attached hereto and incorporated herein by this reference; and WHEREAS, District was formed by voter initiative, to solicit and receive conveyances of real property by purchase, exchange, gift, or bargain purchase for public park, recreation, scenic and open space purposes; and WHEREAS, District desires to purchase Seller's interest in the Property for open space preservation and as part of the ecological and aesthetic resources of the midpeninsula area; and WHEREAS, it is the desire of District and Seller that the District purchase all rights and interests of Seller in and to the Property (the "Partial Property Interest") pursuant to the terms of this Agreement. REAL PROPERTY PURCHASE AGREEMENT Page 2 GERALD C. GRAY and ALICE COELHO A G R E M E N T NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and promises herein contained, the parties agree as follows: 1. Listinq of Defined Terms. As used in this Agreement, the terms listed below shall have the definitions given at the applicable Section reference for each, as contained in the parentheses following the general identification of each, all as set forth below: 1. 1 Agreement. This Real Property Purchase Agreement by and between Gray, Coelho and District. (Introductory paragraph) 1. 2 Closing. The consummation of the transaction contemplated hereby as scheduled to take place at the offices of Escrow Holder on or before January 31, 1995. (Section 4 . 1) 1. 3 Closing Date. The date of the Closing. (Section 4 . 1) 1. 4 District. Midpeninsula Regional Open Space District, a Public District. (Introductory paragraph) 1. 5 Escrow. The escrow to be opened at First American Title Insurance Company upon execution of this Agreement. (Section 4) 1. 6 Escrow Holder. First American Title Insurance Company (also sometimes referred to as "Title Company") through which the purchase and sale of the Partial Property Interest described herein shall be consummated. (Section 4) 1. 7 Grant Deed. The Grant Deed in form attached hereto as EXHIBIT C to be recorded at Closing with the County Recorder of San Mateo County, California, pursuant to I i REAL PROPERTY PURCHASE AGREEMENT Page 3 GERALD C. GRAY and ALICE COELHO which the Partial Property Interest of Sellers will be conveyed to District. (Section 4 .5. 1) 1. 8 Map. Map of the Property. (EXHIBIT A) 1.9 Partial Property Interest. All rights of the Seller in and to Sellers undivided 28 . 32% interest in four- fifteenths (4/15ths) interest in the Property. (Recitals & Section 2) 1. 10 Permitted Exceptions. Permissible exceptions to title of Partial Property Interest to be received by District. (Section 4 . 4) 1. 11 Preliminary Title Report. The Preliminary Title Report of the Property. (Recitals and as attached hereto as EXHIBIT B) 1. 12 Property. All that certain real property located within an unincorporated area of the County of San Mateo, State of California, as shown on the Map (EXHIBIT A) and as legally described in the Preliminary Title Report (EXHIBIT B) . 1. 13 Purchase Price. The total purchase price ($188, 800. 00) agreed to be paid to Seller hereunder for the Partial Property Interest. (Section 3) 1. 14 Seller. GERALD C. GRAY and ALICE COELHO. (Introductory paragraph) 1. 15 Title Company. First American Title Insurance (also sometimes referred to as "Escrow Holder") . (Section 4) 2 . Purchase and Sale. Seller agrees (subject to the conditions set forth herein) to sell to District, and District agrees (subject to the conditions set forth herein) to purchase from Seller fee title to the Partial Property Interest, i.e. , the undivided 28 . 32% of Four-Fifteenths (4/15ths) interest, as tenants in common, of Seller in the Property. REAL PROPERTY PURCHASE AGREEMENT Page 4- GERALD C. GRAY and ALICE COELHO 3 . Purchase Price. The total purchase price ("Purchase Price") of the Partial Property Interest shall be One Hundred Eighty Eight Thousand Eight Hundred Dollars ($188, 800. 00) less the Five Thousand and no/100 Dollars ($5, 000. 00) credit toward the Purchase Price for a portion of the option payment made pursuant to Section 3 of the Option Agreement between Seller (as Optionor) and District (as Optionee) which shall be paid in cash at the Closing (as further defined herein) . 4 . Escrow and Closing. Promptly upon execution of this Agreement, an escrow ("Escrow") shall be opened at First American Title Insurance Company or other title company acceptable to District ("Escrow Holder" or "Title Company") through which the purchase and sale of the Partial Property Interest described herein shall be consummated. A fully executed copy of this Agreement shall be deposited with the Escrow Holder to serve as Escrow instructions. The parties shall execute such additional, supplementary or customary Escrow instructions as Escrow Holder may from time to time reasonably require. This Agreement may be amended or supplemented by explicit additional Escrow instructions signed by the parties, but the printed portion of such Escrow instructions shall not supersede any inconsistent provisions contained herein. Escrow Holder is hereby appointed and designated to act as an escrow holder and is authorized and instructed to deliver, pursuant to the terms of this Agreement, the documents and monies to be deposited into the Escrow as herein provided, subject to the terms and conditions of this Agreement. 4 . 1 Date of Closing. The consummation of the transaction contemplated hereby (the "Closing") shall take place at the offices of Escrow Holder on January 31, 1995. The Closing shall be subject to the satisfaction of all REAL PROPERTY PURCHASE AGREEMENT Page 5 GERALD C. GRAY and ALICE COELHO conditions contained in this Agreement, including, without limitation, the delivery of the Policy of Title Insurance described in Section 4 .4 and the performance by District and Seller of their respective obligations hereunder. 4 . 2 Items to be Delivered by Closing. 4. 2 . 1 By Seller. Seller shall deposit (or cause to be deposited) into the Escrow on or before the Closing: (a) An executed Grant Deed in the form attached as EXHIBIT C (the "Grant Deed") . (b) All additional documents and instruments which District's counsel and Seller's counsel may mutually determine are necessary to consummate the provisions of this Agreement. 4 . 2 . 2 By District. District shall deposit or cause to be deposited into Escrow on or before the Closing: (a) A District check in an amount equal to One Hundred Eighty Three Thousand Eight Hundred Dollars ($183 , 800) , the Purchase Price of $188, 800 less the $5, 000 option credit paid to Seller pursuant to Section 3 of the Option Agreement as further described in Section 3 herein. (b) Executed Certificate of Acceptance relating to the Grant Deed. (c) All additional documents and instruments which District's counsel and Seller's REAL PROPERTY PURCHASE AGREEMENT Page 6 GERALD C. GRAY and ALICE COELHO counsel may mutually determine are necessary to consummate the provisions of this Agreement. 4 . 3 Closing Costs and Prorations. District and Seller shall each pay one-half (1/2) of the Escrow fees, documentary transfer taxes, if any, premium for the Policy of Title Insurance described in Section 4.4, and any and all customary recording costs and fees. Seller shall pay all reasonable costs, if any, required to deliver title to the Partial Property Interest which is subject only to the exceptions described in Section 4 . 4 below. All other costs or expenses not otherwise specifically provided for in this Agreement shall be allocated between District and Seller in the manner customary in San Mateo County, California. All current property taxes relating to the Partial Property Interest conveyed shall be prorated through Escrow between District and Seller as of the Closing based upon the latest available tax information using the customary escrow procedures. 4 . 4 Title Insurance Policy. Sellers shall cause Title Company to prepare and be committed to deliver to District a standard coverage CLTA Policy of Title Insurance, dated as of Closing, insuring District's interests in the Partial Property Interest as provided herein, in the amount of One Hundred Eighty Eight Thousand Eight Hundred and no/100 Dollars ($188, 800. 00) , subject only to: 4 . 4 . 1 Current real property taxes; 4 . 4 . 2 The printed exceptions contained in said title insurance policy; REAL PROPERTY PURCHASE AGREEMENT Page 7 GERALD C. GRAY and ALICE COELHO 4 .4 . 3 The Permitted Exceptions as defined below: and 4. 4 .4 All other matters approved in writing by District prior to the Closing. As used herein, "Permitted Exceptions" shall mean those items shown as exceptions 1 through 5 in the Supplemental Preliminary Title Report (Order No. 369463 . dated January 3, 1992) relating to the Property as attached hereto as EXHIBIT B ("Preliminary Title Report ") . Notwithstanding anything to the contrary above in this Section 4 . 4, if additional interests in the Property are obtained prior to Closing, then, at District's option, the title policy then may cover the entire interest in the Property being acquired by the District at the time of Closing. 4 . 5 Escrow Instructions. When all required funds and instruments have been deposited into Escrow by the appropriate parties and when all other conditions to Closing have been fulfilled, Escrow Holder shall: 4 . 5. 1 Cause the Grant Deed (EXHIBIT C) , and attendant Certificate of Acceptance relating to the Grant Deed to be recorded in the office of the County Reorder for San Mateo County, California. 4 . 5.2 Cause to be delivered: (a) to District the original of the Policy of Title Insurance i REAL PROPERTY PURCHASE AGREEMENT Page 8 GERALD C. GRAY and ALICE COELHO required herein; (b) to Seller, Escrow Holder's check for the sum of $183, 800 (the Purchase Price of $188, 800 less the applicable $5, 000. 00 option credit paid to Seller pursuant to Section 3 of the Option Agreement) ment g ) less the Seller's portion of the expenses described in Section 4. 3 and (c) to District or Seller, as the case may be, all other documents or instruments which, in accordance with the intentions of this Agreement, are to be delivered to them. In the event the Escrow terminates without Closing as provided herein, Escrow Holder shall return all monies, documents or other things of value deposited in the Escrow to the party depositing the same. 5. Rights and Liabilities of the Parties in the Event of Termination. In the event this Agreement is terminated and the Escrow is canceled for any reason, all parties shall be excused from any further obligations hereunder, except as otherwise provided herein. Upon any such termination of Escrow, all parties hereto shall be jointly and severally liable to Escrow Holder for payment of its title and Escrow cancellation charges (subject to rights of subrogation against any party whose fault may have caused such termination of Escrow) , and each party expressly reserves any other rights and remedies which it may have against any other party by reason of a wrongful termination or failure to close Escrow. REAL PROPERTY PURCHASE AGREEMENT Page 9 GERALD C. GRAY and ALICE COELHO 6. Seller' s Representations and Warranties. For the purpose of inducing District to enter into this Agreement and to consummate the sale and purchase of the Partial Property Interest in accordance herewith, Seller does hereby jointly and severally represent and warrant to District that as of the date this Agreement is fully executed and as of the date of Closing: 6. 1 Authority. Seller has full right, power and authority to enter into this Agreement and to perform the transactions contemplated hereunder. 6. 2 Valid and Binding Agreements. This Agreement and all other documents delivered by Seller to District now or at the Closing have been or will be duly authorized and executed and delivered by Seller and are legal, valid and binding obligations of Seller sufficient to convey to District the Partial Property Interest, as described herein, and are enforceable in accordance with their respective terms and do not violate any provisions of any agreement to which Seller is a party or by which Seller may be bound. 6. 3 Good Title. Seller will have at the Closing Date good, marketable and indefeasible fee simple title to the Partial Property Interest to be conveyed to District hereunder, free and clear of all liens and encumbrances of any type whatsoever and free and clear of any recorded or unrecorded option rights or purchase rights or any other right, title or interest held by any third party (except for the Permitted Exceptions and the additional exceptions allowed under the express terms hereof) , and Seller shall forever indemnify and defend District from and against any claims made by any third REAL PROPERTY PURCHASE AGREEMENT Page 10 GERALD C. GRAY and ALICE COELHO party which are based upon any inaccuracy in the foregoing representations. 6. 4 No Undisclosed Leasehold Interests. Seller warrants that there exist no oral or written leases or rental agreements affecting all or any portion of the Property nor are there persons occupying or entitled to occupy all or any portion of the Property; provided, however, that Seller makes no representation with regard to persons who may be trespassers on the Property without Seller's knowledge or persons who may occupy the Property under agreement with the holders of the remaining interests in the Property. Seller further warrants and agrees to hold District free and harmless from and against and to reimburse District for any and all costs, liability, loss, damage or expense, including costs for legal services, occasioned by .reason of any such lease, rental agreement, or occupancy of the Property (including, without limitation, relocation payments and expenses provided for in Section 7260 - et seg. of the California Government Code) . 7 . Waiver of Statutory Compensation. Seller understands that Seller may be entitled to receive the fair market value of the Partial Property Interest to be purchased by District hereunder by reason of the provisions of the Federal Uniform Relocation Assistance and Real Property Acquisition act of 1970 (Public Law 91-646) and California Government Code Section 7267, et seg. Seller acknowledges that Seller is familiar with said laws and hereby waives all existing and future rights Seller may have to receive the fair market value of the Partial Property Interest purchased by District under said laws. REAL PROPERTY PURCHASE AGREEMENT Page 11 GERALD C. GRAY and ALICE COELHO 8 . Miscellaneous Provisions. 8 . 1 Choice of Law. The internal laws of the State of California, regardless of any choice of law principles, shall govern the validity of this Agreement, the construction of its terms and the interpretation of the rights and duties of the parties. 8. 2 Attorneys ' Fees. If any party hereto incurs any expense, including attorneys ' fees, in connection with any action or proceeding instituted by reason of any default or alleged default of the other party hereunder, the party prevailing in such action or proceeding shall be entitled to recover from the other party expenses and attorneys ' fees in the amount determined by the court, whether or not such action or proceeding goes to final judgment. In the event of a settlement or final judgment in which neither party is awarded all of the relief prayed for, the prevailing party as determined by the court shall be entitled to recover from the other party expenses and attorneys ' fees. 8 . 3 Amendment and Waiver. The parties hereto may by mutual written agreement amend this Agreement in any respect. Any party hereto may: (i) extend the time for the performance of any of the obligations of the other party; (ii) waive any inaccuracies in representations and warranties made by the other party contained in this Agreement or in any documents delivered pursuant hereto; (iii) waive compliance by the other party with any of the covenants contained in this Agreement or the performance of any obligations of the other party; or REAL PROPERTY PURCHASE AGREEMENT Page 12 GERALD C. GRAY and ALICE COELHO (iv) waive the fulfillment of any condition that is precedent to the performance by such party of any of its obligations under this Agreement. Any agreement on the part of any party for such amendment, extension or waiver must be in writing. 8 . 4 Ricthts Cumulative. Each and all of the various rights, powers and remedies of the parties shall be considered to be cumulative with and in addition to any other rights, powers and remedies which the parties may have at law or in equity in the event of the breach of any of the terms of ,this Agreement. The exercise or partial exercise of any right, power or remedy shall neither constitute the exclusive election thereof nor the waiver of any other right, power or remedy available to such party. 8 . 5 Notices. All notices, consents, approvals, waivers or demands of any kind which either party to this Agreement may be required or may desire to serve on the other party in connection with this Agreement shall be in writing and may be delivered by personal service or sent by telegraph, facsimile, or cable or sent by registered or certified mail, return receipt requested, with postage thereon fully prepaid. All such communications shall be addressed as follows: Seller: Gerald C. Gray c/o David Fama, Esq. Nossaman, Guthner, Knox & Elliott Attorneys at Law 50 California Street, 34th Floor San Francisco, CA 94111 (415) 398-3600 FAX (415) 398-2438 REAL PROPERTY PURCHASE AGREEMENT Page 13 GERALD C. GRAY and ALICE COELHO Alice Coelho c/o William K. Holsman, Esq. Holsman & Patterson Attorneys at Law 500 Sansome Street, Suite 503 San Francisco, CA 94111 (415) 986-7500 FAX (415) 398-6278 District: Midpeninsula Regional Open Space District 330 Distel Circle Los Altos California 94022 Attn: L. Craig Britton, Acting General Manager (415) 691-1200 FAX (415) 691-0485 Copy to: Stanley R. Norton, Esq. Attorney at Law 407 Sherman Avenue Palo Alto, CA 94306 (415) 324-1366 FAX (415) 327-9151 If sent by telegraph, facsimile, or cable, a conformed copy of such telegraphic, facsimile, or cabled notice shall promptly be sent by mail (in the manner provided above) to the addressee. Service of any such communication made only by mail shall be deemed complete on the date of actual delivery as shown by the addressee's registry or certification receipt or at the expiration of the third (3rd) business day after the date of mailing, whichever is earlier in time. Each party hereto may from time to time, by notice in writing served upon the other as aforesaid, designate a different mailing address or a different person to which such notices or demands are thereafter to be addressed or delivered. Nothing contained in this Agreement, shall excuse either party from giving oral notice to the other when prompt notification is REAL PROPERTY PURCHASE AGREEMENT Page 14 GERALD C. GRAY and ALICE COELHO appropriate, but any oral notice given shall not satisfy the requirement of written notice as provided in this Section. 8. 6 Disclaimer of Representations. District and Seller agree that, except as specifically provided herein, neither Seller, nor any of Seller's respective employees, representatives or agents has made any representations, warranties or agreements as to any matters concerning the Property which are not contained in this Agreement, including, but not limited to, the suitability of the Property for any particular use and the compliance of the Property with any applicable laws or zoning ordinances. 8 . 7 Entire Agreement. This Agreement (together with its Exhibits and the other documents referred to herein) is intended by the parties hereto to be the final expression of their agreement and constitutes and embodies the entire agreement and understanding between the parties hereto with regard to the subject matter hereof and is a complete and exclusive statement of the terms and conditions thereof, and shall supersede any and all prior correspondence, conversations, negotiations, agreements or understandings relating to the same subject matter. 8. 8 Severabilit . If an of the y provisions n of t Y P his Agreement are held to be void or unenforceable by or as a result of a determination of any court of competent jurisdiction, the decision of which is binding upon the parties, the parties agree that such determination shall not result in the nullity or unenforceability of I REAL PROPERTY PURCHASE AGREEMENT Page 15 GERALD C. GRAY and ALICE COELHO the remaining portions of this Agreement. The parties further agree to replace such void or unenforceable provisions of this Agreement with valid and enforceable provisions which will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provisions. 8 . 9 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and when executed, separately or together, shall constitute a single original instrument, effective in the same manner as if the parties had executed one and the same instrument. 8. 10 waiver. No waiver of any term, provision or condition of this Agreement, whether by conduct or otherwise, in any one or more instances, shall be deemed to be, or be construed as., a further or continuing waiver of any such term, provision or condition or as a waiver of any other term, provision or condition of this Agreement. 8. 11 Time of Essence. Time is of the essence of each provision of this Agreement in which time is an element. 8. 12 Survival of Covenants, Representations and Warranties. All covenants of District or Seller which are expressly intended hereunder to be performed in whole or in part after the Closing, and all written representations and warranties by either party to the other, shall survive the Closing and be binding upon and inure to the benefit of the respective parties hereto and their respective heirs, successors and permitted assigns. REAL PROPERTY PURCHASE AGREEMENT Page 16 GERALD C. GRAY and ALICE COELHO 8 . 13 Assignment. Except as expressly permitted herein, no party to this Agreement shall assign its rights or obligations under this Agreement to any third party without the prior written approval of the other parties, which approval shall not be unreasonably withheld. 8 . 14 Further Documents and Acts. Each of the parties hereto agrees to execute and deliver such further documents and perform such other acts as may be reasonably necessary or appropriate to consummate and carry into effect the transactions described and contemplated under this Agreement. 8. 15 Binding on Successors and Assigns. This Agreement and all of its terms, conditions and covenants are intended to be fully effective and binding, to the extent permitted by law, on the successors and permitted assigns of the parties hereto. 8 . 16 Captions. Captions are provided herein for convenience only and they form no part of this Agreement and are not to serve as a basis for interpretation or construction of this Agreement, nor as evidence of the intention of the parties hereto. 8 . 17 Pronoun References. In this Agreement, if it be appropriate, the use of the singular shall include the plural, and the plural shall include the singular, and the use of any gender shall include all other genders as appropriate. REAL PROPERTY PURCHASE AGREEMENT Page 17 GERALD C. GRAY and ALICE COELHO 8. 18 Broker's Commission. Each party agrees to and does hereby indemnify and hold the other harmless from and against any and all costs, liabilities, losses., damages, claims, causes of action or proceedings which may result from any broker, agent or finder, licensed or otherwise, claiming through, under or by reason of the conduct of the indemnifying party in connection with this transaction. 8 . 19 Lega l Fees. Except as otherwise provided in this Agreement, District and Seller shall each bear their own respective legal expenses incurred in connection with the negotiation and consummation of the transaction contemplated by this Agreement. REAL PROPERTY PURCHASE AGREEMENT Page 18 GERALD C. GRAY and ALICE COELHO IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers to be effective j as of the date of final execution by District in accordance with the terms hereof. MIDPENINSULA REGIONAL OPEN SPACE SELLER DISTRICT APPROVED AS TO FORM: G4RALD C. GRAY rt n, Dist ict Counsel Date:_ REC DED FOR APPROVAL: L. Craig Britton, ALICE COELHO Aet4-ng- General Manager APPROVED AND ACCEPTED: Date: 7 Pre i ent, Board of Directors ATTEST: z C • Hti�-� /4c District Clerk Date: 14 q�{ } ISO �!�` a , \ I ) t t .}, �l �j\t • ab arc~..O �ya't"�'�f ` ' !\ _ \ _ \ ,, \�_>✓���..�. tV��•2000���'' /`�P / /t-1\ ` `'t t`� --� . t f� �v z o 7 -^��.. \. ` \ v"- to 'o>` I''I✓� O \ COAL CREEK fr OPEN SPACE PRESERVE �l. \ ='ti.••��� �;_ I rf-�'i�� - ..11`'-'lZ MONTEBELLO ;J `�'� �� _%'j� �� �`'��� es� `\_.•,• - : OPEN SPACE PRESEF RUSSIAN RIDGE v,�,u OPEN SPACE PRESERVE /. / '� _- J�'. ��. .•.\ � .tilt t.�' `I` T t VO \tl\\ `\jet 1^�tG t '":•1.\I� �✓ �----� 1: a�� r+c :O - r' 'BOO-ZJ .. I •__s- •f- '~\.`.`-`�`..\\,\ I Vif G- •l J \/� \ `" ate} .,'-"./ \c �`_/ `C t(-\��`�r-�a �i. j6�:�.�,�.`y����� �i1 !\ 1 ��,•/����� 3 �'�Ft�� � $aiic�^(v�'?i- i .�-- 1 Mlny ego Hil Sri: �'.�=� �t' � �a � t" 1 � '+, ALPINE ROAD ,'- � ✓�f fiM'. �.-../ ..� if SKYLINE RID GEy OPEN SPACE PRESERVE7- 44 r i �'is�� —\•����`�y {////// �., /r `@a �` v- . ' ;wT LpnS[ Valley /' tr< f •!p - ��,�[ $ .49[ Los I \ / �/� � ° ��r;"�...-"!'� {. �� �••�-: ( Hills�. � '�Op (��� t\ t � yl007 COALG OlEx ♦p � 6` _.SIp MO[M 1 ,( 41 11 t\ M y ` .• Sl.Lf MFS[M/EI �+ Honda rExEMa .E[LU , �I I PROPOSED ACQUISITION l i }' yAce ,. � `�• BIG DIPPER RANCH '� �• -'� 5 �.�ly �' `�; ,�s�z, �►;,: r—� C PROPERTY (767.9 Acres) A , [ONE AWDU OlEN LfNBM4, �`J ;i• �1 , �_ •� \ -"\ :AOEMO Es Sl AxF-FRYE I fR CS A'.J' a \l• �" �f Z �"y I ST E_�•-1 {ice (J /1 _— (1 t } // .,. EWA .COUNTY PAM ►APR - �•\ -,`p'rI � I s � 1 `� �y,� f0 \\ LOCATION MAP O_�•-•III �_, AM 1 `✓ `Y:g C�Q�J\ -,/jl ` , [� � �.\�•°.�r SITE MAP: Exhibit A ' sz PROPOSED ADDITION TOQz E// 1✓� - �? �� SKYLINE RIDGE OPEN SPACE PRESERVE PORTOLA STATEi r PARK )C l � H16lT SC�e. 1' — 2a-C Nc nT 0� April 1992 : r i.-= �-�«•f ` . Page t, Order No. 369463 SUPPLEMENTAL PRELIMINARY REPORT FIRST AMERICAN TITLE INSURANCE COMPANY 1100 South E1 Camino Real San Mateo, CA 94402 (415) 341-2691 PAULA LEIBOVITS, ATTY . Attn: Erica 2000 Center St . 0300 Berkeley , CA 94704 Customer 's Reference: Form of Policy Coverage Requested: CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - (1990) OR AMERICAN LAND TITLE ASSOCIATION OWNER POLICY - (1990) WITH REGIONAL EXCEPTIONS and ALTA LOAN POLICY - 199P In response to the above referenced P ce application fora policy of P Y title insurance this Company hereby ebY reports is that it is prepare d to issue , or cause to be issued , as of the date hereof , a Policy or Policies of Title Insurance , describing the land and the estate or interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect , lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules , Conditions and Stipulations of said Policy forms . The printed Exceptions and Exclusions from the coverage of said Policy or Policies are set forth in Exhibit A attached . Copies of the Policy forms should be read . They are available from the office which issued this report . This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby . If it is desired that liability be assumed prior to the issuance of a policy of title insurance, a Binder or Commitment should be requested. Dated as of January 3 , 1992 at 7 :30 a.m. 4ALEN E . SCHMIDT ESCROW OFFICER Title of said estate or interest at the date hereof is vested in: SEE EXHIBIT "A" ATTACHED Page 1 EXHIBIT Page Or SUPPLEMENTAL REPORT Order No. 369463 The estate or interest in the land hereinafter described or referred to covered by this Report is : A FEE The land referred to in this Report is situated in the State of California , County of San Mateo and is described as follows : PARCEL I : All of Section 28 and the Northeast 1/4 of the Northwest 1/4 of Section 33 , all in Township 7 South , Range 3 West . M.D.B. 6 M. PARCEL II : Portion of the Southeast 1/4 of Section 29 , Township 7 South , Range 3 West , M.D .B . a M. being more particularly described as follows : BEGINNING at a point on the quarter section line running East and West through the center of said Section 29 where it is intersected by the centerline of the present county road known as Alpine Road ; thence from said point of beginning Easterly along the said quarter section line to the quarter section corner on the line between Sections 28 and 29, Township 7 South, Range 3 West , M.D.B . 6 M. ; thence Southerly along said section line between Sections 28 and 29 to the section corner common to Sections 28 , 29 , 32 and 33 ; thence Westerly along the section line between Sections 29 and 32 to the centerline of the present county road known as Portola State Park Road , formerly known as the Islam Shrine Road ; thence Northerly along the centerline of said road and the centerline of Alpine Road to the aforementioned quarter se ction ection tine running East and West through the center of said Section 29 and the point of beginning. EXCEPTING THEREFROM the following described lands : BEGINNING at an iron pipe Monument at the corner common to Sections 28 , 29 , 32 and 33 ; thence from said point of beginning Westerly along the section line between Sections 29 and 32 , 2090 feet more or less , to the centerline of the aforementioned county road ; thence Northerly along said centerline of said county road to the point where said road is intersected by a line that is parallel to and 600 feet distant at right angles Northerly from the dividing line between Sections 29 and 32 ; thence Easterly along said line that is parallel to and 600 feet distant at right angles Northerly from the dividing line between Sections 29 and 32 , 2040 feet , more or less , to the section line between Sections 28 and 29 ; thence Southerly along the dividing line between Sections 28 and 29 a distance of 600 feet ,wore or less , to the point of beginning. Page 2 EXHIBIT PA? ;Page ,. of SUPPLEMENTAL REPORT Order No. 369463 PARCEL III All that portion of the Southeast 1/4 of the Northeast 1/4 of Section 29 , Township 7 South, Range 3 West , M.D .B. i M. , as lies Easterly and Southerly f y o the Centerline of Alpine Road . PARCEL IV• All that portion of the Northeast 1/4 of the Northeast 1/4 of Section 29 , Township 7 South, Range 3 West , M.D .B . 3 M. as lies Easterly of the centerline of Alpine Road. A.P. No. : 085-110-010 JPN 085 Oil 110 01 A 080-370-020 080 037 370 02 A 080-380-020 080 038 380 02 A At the date hereof exceptions to coverage in addition to the printed exceptions and exclusions contained in said policy form would be as follows: 1 . Second Installment General and Special Taxes for the fiscal year 1991-1992 , in the amount of $12 .58 . Code Area : 066-005 A.P. No . : 085-110-010 Affects a portion of said land . General and Special Taxes for the fiscal year 1991-1992 , in the amount of $17 .47 each installment has been paid in full . Code Area : 066-005 A.P. No. : 080-370-020 Affects a portion of said land . General and Special Taxes for the fiscal year 1991-92 in the amount of $564 .54 , each installment , have been paid in full . Code Area : 066-005 A.P. No. : 080-380-020 Affects a portion of said land. 2 . The Lien of Supplemental Taxes assessed pursuant to Chapter 3.5, Commencing with Section 75 of the California;Revenue and Taxation Code. Page 3 EXHIBIT Page _j-. of SUPPLEMENTAL REPORT Order No. 369463 3 . A LICENSE FOR DIVERSION and use of water: Granted To : Patricia Gray By: The State of California - Department of Public Works , Division of Water Resources Dated : May 14 , 1951 Recorded : March 6 , 1952 Document No. : 92041-3 of Official Records of San Mateo County , California , for the diversion of water of three unnamed streams , being tributaries of Peters Creek for the purpose of irrigation, domestic and stock watering uses . 4 . EASEMENT for drainage within any creek or stream traversing the herein described property, together with the rights of the public in and to the waters and the use of such creeks or streams , to the high water mark. S . THE TERMS, provisions and conditions of the Trusts herein mentioned which are not disclosed of record . A copy of said Trusts must be submitted to this office prior to closing . NOTE: No report or examination has been made in connection with that certain "Notice of Pendency of Statutory Adjudication-San Gregorio Creek Stream System" , executed by The State Water Resources Control Board and recorded March 27 , 1989 under Recorders Serial No . 89038390 of Official Records of San Mateo County. The policy being issued will not insure against any loss by reason of such matters . For more information, please contact Barbara Katz State Water Resources Control Board Office of Chief Council P. 0. Box 100 Sacramento, CA 95801 (916) 324-0941 sssssss NOTE: This report is ' subject to a cancellation charge as required by Sections 12404, et seq. , of the Insurance Code of the State of California and Rule No. 2 of Department of Insurance Bulletin No. Ns. 35 E. cc: David Fama, Atty. , 50' California St . , 34th Floor, San Francisco , CA 94111 ORDER DATE: September 27 , 1991 S.T.R. DATE: None TSP/am/PJA Page 4 EXHIBIT —B Page -�cf SUPPLEMENTAL REPORT Order No. 369463 There have been no deeds recorded within the last two years prior to the date of this report , affecting the herein described property, except as follows : GRANT DEED From: Gerald Clark Gray To: Gerald C . Gray, as Trustee (or the Successor Trustee) of the Gerald C. Gray Trust dated December 19 , 1990 , all of his right , title and interest Dated : March 4 , 1991 Recorded : March 18 , 1991 Document No. : 91030228 of Official Records of San Mateo County, California . QUITCLAIM DEED From: Gerald C . Gray, as Trustee of The Gerald C. Gray Trust dated December 19 , 1990 To: Gerald C . Gray , an unmarried man Dated : October 14 , 1991 Recorded: October 23 , 1991 Document No . : 91139884 of Official Records of San Mateo County , California . QUITCLAIM DEED From: Gerald C . Gray, an unmarried man To: Marjorie Roth , as Trustee of The Gerald C. Gray Charitable Remainder Unitrust dated October 14 , 1991 Dated : October 14 , 1991 Recorded : October 23 , 1991 Document No. : 91139885 of Official Records of San Mateo County , California . j Page 5 EXHIBIT 06 Page of� EXHIBIT "A" 369463 PATRICIA GRAY AND IMPERIAL TRUST COMPANY, or successors in Trust as co trustees of the Patricia Gray Trust dated January 29 , 1956 , MARJORIE ROTH, as Trustee of The Gerald C. Bray Charitable Remainder Unitrust dated October 14 , 1991 and CELIA GRAY CUMMINGS, in equal shares as to an undivided four-fifths (4/5ths) interest ; ALICE CORONA GRAY , as to an undivided one-fifth (1/5) interest EXHIB T Page of TAX CODE AREA 80 - 37 :a-t bra n• — -- -- — - — - — 1 Y• /iiJ/. 1 \ S. F13 W. 1 ` ArA10Et , i ALPCEL r i 1 ♦ - \ \ ���` i fr•w1�I r v ♦ � y \ \ii r�"t �a�- � • i l�cct i�� 1 ,�M.,,, .,• � ,r' /� 370 Qts � � •a•r.ra r �� O y AIRCEL ! � .JJ•rr'a r i I ' PARCEL A 1% ` �.f/( r i1WCEt t f ) 29 ZAP 'I Fir �7 ry I I J2 JJ .� map may or may not be a survey of the land n :led hereon. You should not rely upon it for BK 85 wtpose other than orientation to the fjencral I ion of the parcel or parcels depicted. First �PARCEL IMP 1 Ican expressly dlsclalms any Ilabllity for /0 ��/p ;,a loss dr damage whkh may result nod+ PARCEL ,WP 110, 4 p bce upon this Itwp. ^ Q AARClLR�Ir I MQL lJ ,i1 [ PARCEL IMP Wl- IID�� L�PARCEL A P M 30/7 0Aste•ssa►'s sw cowry OP sw wAreo,aui LA HONZW -PESC4DERO UH/f/ED SCM004L DAI'r. T r BA.. 00 PC. 38 a 32 33 .,�.. ,u.• ,xxe -- �.•� r � 3 3 34 , J �+ 85- I I TAX CODE AREA- + k w r.J r• saw auto• a+o• ,�a PIAL PAACOL / 77STR3W 110 i s uu• � PARCIL I MI al I O QI g� Q s a � J y to ^ 391 4 4 .3 y . ._ ►` 3334 ' �1�b-^!' 1 s.•• ,;, Ar r 'LA,- c N oP N M/ ro a PAGE 7 r- N '► lw TAX COLE AREA 26 I 80—.3,i r - �.� aa•.l:� 0 OP Q• o l �', PIRflL O �� A. r ?•Y 7ys�• —�- 1 uJ �l IIRCCL a v 1\ 20 1, PY 1!•I! � 21 22 4O•s 29 2E- r,uo L f,t ?9 '?7 Q. Ij t J� r 7,S). r�. I i( I l r ••Thls rrm p may or may not be a survey of ft►e land dericled nerron. You mould not rely upon it la a 29 2e P� � any purpose other than orlentatlon to the gerwral _ s,t,,', � 28 27 locatlon of the paroet of paroels oepictud. First J2 J3 — Anwit"n expressly,06clalms any liability for allegoo loss dr damrye whkh may retwfl from C rellanea upon 9*amp. ..K 111�PARCEL d/AP VOL_ 29149_50 9 ITSlS30A't "4.0 COU&TY OF JAM YITEO.Clldr RlCOROIN(,R I QI IS I 11)HY ORDER 0 APN WHEN RECORDED MAIL 10 F MIDPENINSULA REGIONAL OPEN SPACE DISTRICT 3,30 DfSTFL(IR(I F LOS ALTOS,CAIJIORNIA 94022-1404 L ATTN: C. Britton SPACE ABOVE THIS LINE FOR RECORDER'S USE DULY RECORDED WITHOUT FEE NO TRANSFER TAX DUE PURSURANT TO GOVERNMENT CODE PUBLIC AGENCY ACQUIRING TITLE, SECTION 27383 CALIFORNIA REVENUE AND TAXATION CODE SECTION 11922 BY: Grant Deed FOR A VALUABLE CONSIDERATION, GERALD C. GREY and ALICE COEHLO hereby GRANT(S)to MIDPENINSULA REGIONAL OPEN SPACE DISTRICT, a public district the following described real property in the County of San Mateo , State of California: Being more particularly described in Exhibit A as attached hereto and incorporated herein by this reference. Dated Gerald C. Grey STATE OF CALIFORNIA SS. COUNTY OF Alice Coehlo On before me, the under- signed,a Notary Public in and for said State,personally appeared known to me to be the person-whose name subscribed to the within instrument and acknowledged that executed the same. WITNESS my hand and official seal. No Signature 0 Narne(Typed or Printed) (This area for official notarial seal) ca :C to Printed on recycled paper 9 1711 X to C6 LAJ EXHIBIT A TO THE GRANT DEED PAGE 1 of 1 ALL THAT CERTAIN Real Property located in unincorporated San Mateo County, State of California and being more particularly described as follows: PARCEL I: All of Section 28 and the Northeast 1/4 of the Northwest 1/4 of Section 33, all in Township 7 South, Range 3 West, M.D.B. & M. PARCEL II: Portion of the Southeast 1/4 of Section 29, Township 7 South, Range 3 West, M.D.B. & M. being more particularly described as follows: BEGINNING at a point on the quarter section line running East and West through the center of said Section 29 where it is intersected by the centerline of the present county road known as Alpine Road; thence from said point of beginning Easterly along the said quarter section line to the quarter section corner on the line between Sections 28 and 29, Township 7 South, Range 3 West, M.D.B. & M. ; thence Southerly along said section line between Sections 28 and 29 to the section corner common to Sections 28,- 29, 32 and 33 ; thence Westerly along the section line between Sections 29 and 32 to the centerline of the present county road known as Portola State Park Road, formerly known as the Islam Shrine Road; thence Northerly along the centerline of said road and the centerline of Alpine Road to the aforementioned quarter section line running East and West through the center of said Section 29 and the point of beginning. EXCEPTING THEREFROM the following described lands: BEGINNING at an iron pipe monument at the corner common to Sections 28, 29, 32 and 33 ; thence from said point of beginning Westerly along the section line between Sections 29 and 32, 2090 feet more or less, to the centerline of the aforementioned county road; thence Northerly along said centerline of said county road to the point where said road is intersected by a line that is parallel to and 600 feet distant at right angles Northerly from the dividing line between Sections 29 and 32; thence Easterly along said line that is parallel to and 600 feet distant at right angles Northerly from the dividing line between Sections 29 and 32 , 2040 feet, more or less, to the section line between Sections 28 and 29; thence Southerly along the dividing line between Sections 28 and 29 a distance of 600 feet, more or less, to the point of* beginning. PARCEL III: All that portion of the Southeast 1/4 of the Northeast 1/4 of Section 29, Township 7 South, Range 3 West, M.D.B. & M. , as lies Easterly and Southerly of the Centerline of Alpine Road. PARCEL IV: All that portion of the Northeast 1/4 of the Northeast 1/4 of Section 29, Township 7 South, Range 3 West, M.D.B. & M. as lies Easterly of the centerline of Alpine Road. IB T- CoEXH Page of