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HomeMy Public PortalAboutResolution - 78-12- 19780426 - Long Ridge PropertyRESOLUTION NO. 78-12 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 (LONG RIDGE OPEN SPACE PRESERVE -LONG RIDGE RANCH PROPERTY) 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 letter with attached purchase agreement between Robert Sackman, et al, and the Midpeninsula Regional Open Space District dated April 21, 1978, a copy of which is attached hereto and by reference made a part hereof, and authorizes the President and appropriate officers to execute the Agreement on behalf of the District. Section Two. The President of the Board or other appropriate officer is authorized to execute a certificate of acceptance to any deed granting title to said property. 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 in escrow necessary or appropriate to the closing of the transaction, including any holding agreement with respect to all or any portion of the property, provided that any authority to convey such property to any third person shall be expressed only by a resolution of the Board of Directors of the Midpeninsula Regional Open Space District. Section Four. The General Manager of the District is authorized to expend up to $5,000 to cover the cost of title insurance, escrow fees, and other miscellaneous costs related to this transaction. * * * * * * * * * * * * * * * * * * * * * * * * * * * * *.* * * * * * Secretary, Board of Directors RESOLUTION NO. 78-12 PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional Open Space District on April 26 regular meeting thereof, by the following vote: , 19 78 at a AYES: K. Duffy, B. Green, H. Turner, D. Wendin, E. Shelley and R. Bishop NOES: None ABSTAIN: None ABSENT: N. Hanko ATTEST: APPROVED: Presie-t, Board of Directors I, 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 date. District Clerk LAW OFFICES HANSON, BRIDGETT, MARCUS, MILNE & VLAHOS RAY.MOND L. HANSON GERALD D. MARCUS JOHN J. VLAHOS WILLIAM J. BUSH DAVID J. MILLER LAURENCE W. KESSENICK PAUL A. GORDON RAY E. MCDEVITT GERALO M. HINKLEY CAROL L. WILSON ARTHUR T. BRIDGETT JAMES F. MILNE ROSS E. STROMBERG RONALD C. PETERSON DUANE B. GARRETT TED C. KRUMLAND MICHAEL A. DUNCHEON STEPHEN L.TABER CRAIG J. CANNIZZO CITIZENS BUILDING ONE KEARNY STREET SAN FRANCISCO, CALIFORNIA 94108 PHONE (415) 781-5500 April 21, 1978 Board of Directors Mid -Peninsula Regional Open Space District 375 Distel Circle, Suite D-1 Los Altos, California 94022 Dear Members of the Board: PENINSULA OFFICE 648 MENLO AVENUE. SUITE 4 MENLO PARK,CALIFORNIA 94025 MENLO PHONE (415) 323-7116 OF COUNSEL THOMAS C. LYNCH We are writing this letter as authorized representatives of the owners of that certain 390 -acre parcel of land located in San Mateo and Santa Cruz Counties and common- ly described as Long Ridge Ranch. This is to represent and warrant to you that we have been authorized to offer to you the acquisi.ion of the Long Ridge Ranch property upon the terms and conditions set forth in the form of agreement attached hereto. Because of the substantial number of signatures we must obtain for necessary legal documents, and your desire to have this on the agenda for your meeting of April 26th, we are submitting this offer to you in this form, with the further representation and assurance that the under- signed will be responsible for obtaining all necessary signatures for the close of escrow to the satisfaction of your title insurance company and as provided in the agreement. Sinc � r 6tut- Robert Sackman COI"' , (j/e4 W. Ford Nichols •GeLy[. Gerald D. Marcus PURCHASE AGREEMENT THIS AGREEMENT, made this day of 1978, by and between the undersigned individuals, hereinafter referred to as "SELLERS", and the MIDPENINSULA REGIONAL OPEN SPACE DISTRICT, a Public District, hereinafter referred to as "DISTRICT". WITNESSETH: RECITALS: i (A) SELLERS are the equitable owners of that certain real property., partly within the County of San Mateo and partly within the County of Santa Cruz, State of California, and being more particularly described in Exhibit "A" and depicted on Exhibit "B" which are attached hereto and by this reference incorporated here- in and made a part hereof: (B) The DISTRICT desires to purchase and SELLERS are will- ing to sell said property to the. DISTRICT for the consideration and upon the terms and conditions hereinafter set forth. This is the whole of their Agreement and the performance of this.Agree- ment constitutes the entire consideration for said purchase. (C) SELLERS, out of the desire to promote public welfare, and share the natural and scenic beauty and enjoyment of their property with the citizens of Midpeninsula area, hereby agree to make a gift of a portion of the property described in Exhibit "A" upon the conditions and for the consideration set forth herein. NOW, THEREFORE, IT IS MUTUALLY'UNDERSTOOD AND AGREED as follows: 1. PURCHASED PROPERTY. On the terms and subject'.to' the conditions set forth herein, SELLERS agree to sell and convey the property described in Exhibit "A" and depicted on Exhibit "B", comprising approximately 390 acres, generally referred to as all, of San Mateo County Assessor's Parcels 085 -*140-010 and' 080-410--040 and all of'Santa Cruz County Assessor's parcel.88-011-03, to the DISTRICT, and the DISTRICT agrees to purchase said property . from SELLERS. • 2. PURCHASE PRICE, AND CONDITIONS. The -purchase price of the property described in Exhibit "A" shall be the sum of FIVE . HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00) payable. contemporaneously with delivery of Grant Deed. *DISTRICT shall. pay all escrow and recording fees incurred in this transaction, including title insurance premium.' Evidence of.title shall be . in the.form of a standard policy of title insurance issued -by First American Title Insurance Company. •3. CONDITION OF TITLE. SELLERS shall convey said property • to the DISTRICT by Grant Deed, .free and clear of all .liens and encumbrances, taxes and assessments, penalties and costs, easements, rights -of -way, bonds and any and all restrictions and reservations of record, other than current taxes, as described below, and exceptions numbered 3, 4 and 5 in the Preliminary Title Report No. 252929 issued to DISTRICT by First American Title Insurance. Company (Redwood'City) under date of May 12, 1977; and exceptions. numbered 2 and 3 in the preliminary title report no. 48716-7 issued to District by First American Title Insurance' Company (Santa Cruz) under date of May 13, 1977; said Preliminary.Title Reports are. labeled Exhibit "C" which is attached hereto and by this reference. incorporated herein and made a part hereof. . 4. LEASES AND RENTAL AGREEMENTS. SELLERS warrant that there. are no oral or written leases or rental.agreernents on all or any portion, of subject property, and SELLER agrees to hold, the DISTRICT harmless and reimburse the DISTRICT for' any and all liability, losses and expenses occasioned by reason of any lease or rental agreement on the property. 5. PROPERTY TAXES. SELLER shall pay all due and unpaid taxes, which shall be prorated as of the date of'close of escrow. 6. BARGAIN SALE. It is acknowledged by the DISTRICT and SELLERS that the purchase price being paid for the property is • less than the property's fair.narkei value, and that the difference.. in the price being paid by DISTRICT and the property's fair- market value is being donated to DISTRICT as part of this'. transaction. 7. AGREEMENT CONDITION. SELLERS and DISTRICT understand that proposition 13 (Commonly known as the Jarvis --Gann initiative) will be decided by the voters of this State on Tuesday, June 6, 1978;. it is, further 'understood that• passage of said proposition would materially reduce the tax revenue of DISTRICT; therefore, it is agreed that in the event said proposition is approved by the voters, DISTRICT may, at its discretion, terminate and declare void the whole of this agreement without any obligation. or liability whatsoever. In this event, DISTRICT will deliver to. SELLERS, in writing, on or before June 30, 1978 notice of.cancellation and termination hereof..' If said notice is not delivered within the above stated time period, this purchase agreement shall remain in full force and effect. • 8; • RELOCATION. SELLERS acknowledge and confirm that. they do not qualify, either individually or collectively, for any benefits.of any nature whatsoever, under the Comprehensive Relocation Assistance Law (Government Code Sections 7260 thru 7274 inclusive and Title 25,. Part I, Chapter 6 of the California. Administrative Code) . • . 9. ACCEPTANCE. The DISTRICT shall have a period of thirty (3 0) days from and after the date hereof within which to accept . and execute' this Agreement, and during said period.o2 thirty (30). • days this contract shall constitute an irrevocable offer by SELLERS to enter into.a contract with the DISTRICT on the terms and conditions set forth herein, and in consideration of:which DISTRICT has paid, and SELLERS acknowledge receipt of the'sum of Ten Dollars ($10.00) . 10. CLOSING. The purchase and sale shall be closed on or before July 6, 1978, subject to the condition specified in paragraph 7 of this agreement, through an escrow as above mentioned. 11. SUCCESSORS AND ASSIGNS. The provisions hereof shall inure to the benefit of and bind respective successors, heir and assigns of the parties hereto. *IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first above. written. MIDPENINSULA REGIONAL OPEN SPACE DISTRICT: AC OR RECOMMENDATION: . Cr; '' Britton Land ►quisition Manager RECOMMENDED FOR APPROVAL: Herbert Grench General Manager APPROVED AND ACCEPTED: By: :77(4/1-1, Harry f;. Turner President, Board of Directors ATTEST• ► j c(-1) Clerk of the Board APPRTD AS TO FORM: 4r1 lz.....4. Stanley L. 1i rton, Counsel SELLERS County Line of Santa Clara County;'thence Southeasterly along last said line, South 7° 30' 00" East 70.00 feet and South 68° 35' 20" East 187.94 feet to a point on the centerline of said Skyline Blvd.; thence Southeasterly along the arc of a curve to the right tangent to a line bearing South 49° 50' 47" East, having a radius of 2000.00 feet, a. central angle of 0° 39' 17", an arc length of 22.85 feet; thence South 49° 11' 30" East 195.00 feet to a point on said County Line of said Santa Clara; thence Southeasterly along last said line, South 23° 11' 30" East 146.55 feet and South 73° 11' 30" East 157.96 feet to the centerline of f Skyline Boulevard; thence Southeasterly along last said line, South 49° 11''30" East 222.00 feet to a point at the beginning of a tangent curve to the right; thence Southerly along the arc of last said curve, having a radius of 1,000.00 feet, central angle of • 42° 13' 00", an arc length of 736.82 feet; thence South 6° 58' 30" East 66.55 feet to a point on the Easterly line of the County line of San Nateo County,, said point being also a point on the Easterly line of said Section 26; thence Southerly along said. County line of San . liateo, South 0° 22'. 05" West 246.74 feet and South 13° 49' 00" West 274.58 feet anc3 South 79° 18' 40" East 64.58 feet to .a point on the Easterly line of said Section 35, said point being distant South 0° 41' 27" West 56.87 feet from a 5" x 5" concrete monument .marking the common section corners of Sections 25, 26, 35 and 36 of said Town- ship 7 South, Range 3 West; thence Southerly along said east line of said Section 35, South 0° 41' 27" West 2622.87 feet to a found 5" x 5" concrete monument marking the Easterly 1/4 section of said Section 35; thence Easterly along the 1/4 section line of said Section 36, South 89° 44' 40" East 963.48 feet to a point on the Westerly line of - said Skyline Boulevard; thence Southwesterly along last said line, South 33° 21' 00" West 13.96 feet to a point at the beginning of a tangent curve to the left; thence Southwesterly along the arc of last - said curve having a radius of 450 feet, a central angle of 50° 00' 00", an arc length of 392.70 feet; thence South 16° 39' 00" East 116.26 feet to a point at the beginning of a tangent curve to the right; thence Southwesterly along the arc of last said curve, having a radius of 250.00 feet, a central angle of 66° 59' 00", an arc length of 292.27 feet; thence South 50° 20' 00" West 154.76 feet to •a point at the beginning of a tangent curve to the left; thence Southerly along the arc of last said curve, having a radius of 450 feet, a central angle. of 143° 00' 00", an arc length of 1123.12 feet; thence North 87°.20' 00" East 99.26 feet to a point at the beginning • • - continued ILL';; C R I P'I' I OH The land herein referred to is situated in the State of California, County of San Mateo, and is described as follows: A portion of Sections 26, 35 and 36,,. Township 7 South, Range 3 West, and a portion of Section 1, Township 8 South, Range 3 West, P1DM, and said portion being described as follows: Beginning at a concrete -monument with a bronze disc marked "T.7.S. 35/36, 2/1, T.8.S., County' of Santa Cruz, County Surveyor", said monument denotes the common • section corner of said Sections 35 and 36, and 1. and 2; thence from said point of beginning Westerly along the Southerly line of said Section 35, South 89° 57'.50" West 2639.76 feet to a 3/4" iron pipe monument marking the South 1/4 corner of said section; thence North- erly along the 1/4 section line North 0° 49' 40" East 2678.41 feet to 'a 3/4" iron pipe marking the center of last said section; thence East- erly along the 1/4 section line, South 89° 48' 30" Cast 327.53 feet to a 3/4" iron pipe monument marking the Southeasterly corner. of Went ' . 1/2, Southwest 1/4,. Southwest 1/4 and Northeast 1/4 of said Section 35.; thence along the Easterly line of the last parcel to the north- • - easterly corner hereof, North 0° 48' 38" East 665.36• feet to a point .on the Southerly line of the Northwest 1/4, Southwest 1/4 and Northeast 1/4 of the last said section; thence Easterly along last said line . South 89° 55' 22". East 327.34 feet to the Southeasterly corner of last • -said Parcel, said point being also a point on the West 1/2, West 1/2, and Northeast 1/4 of said Section 35; .thence Northerly along the ▪ Easterly line of last said parcel, North 0° 47' 36" East 1998.0.4 feet to a point on the Northerly line of last said section, said point being also the Southeast corner of the West 1/2, West 1/2, and South- east 1/4 of the above recited Section 26, said point being distant Easterly thereon, North 89° 43' 56" East 653.54 feet from a 1-1/2" iron pipe monument marking the Northerly 1/4 section corner of said Section 35; thence Northerly along the Easterly line of said West • 1/2, West 1/2 and Southeast 1/4 of said Section 26, North 0° 22' 05" East 2236.97 feet to the center line of'Skyline Boulevard (known :as State Highway No. 55); thence Southeasterly along last said .line,_ along the arc of a curve to the right, tangent to a line bearing . .South 64° 19' 09" East, having a radius of 2000.00 feet, a central : angle of 0° 42' 30", an arc length of 24.81 feet; thence South 63° 36' 30" East 711.35 feet to a point at the beginning of a tangent curve to the right; thence Southeasterly along the arc of last curve,• having a radius of 2000.00 feet, a central angle of 7° 10' 00", an arc of 250.16 feet to a point on the Southwesterly line of the - continued - - EXHaa I :Pa e L of 1"- DESCRIPTION SITUATE=in the County of Santa Cruz, State of California, and described as follows: BEING a portion of the West 1/2 of the Southwest 1/4 of Section 36 Township' 7 South, Range 3 West, M.D.B.& M., and also a portion' of lands conveyed to Long Ridge Ranch,. by Deeds dated December 29, 1964 and recorded in Book 1667, Pages -118 and 122, Official Records of Santa Cruz County described as follows: • BEGINNING at a 5" x 5" concrete monument marking the 1/4 section corner on the Westerly boundary of said Section 36; thence from said point of beginning South 89° 44' 40" East 963.48 feet along the 1/4 section line to a point on the Westerly line of Skyline ..Boulevard, State Highway No. 55-A; thence South 330 21' West 13.96.feet along said line • . to a point at the beginning of'a tangent curve to the left; thence Southwesterly along the arc of said curve, having a radius of 450 feet, acentral angle of 50°; an arc length :of 392.70 feet; thence South 16° 39' East 116.26 feet to a point at the beginning of a _ tangent curve to the right; thence Southwesterly along the arc of said' curve, having a radius of 250 feet, a central angle of 66° 59', an arc length of 292.27 feet; thence. South 50° 20' West 154.76 feet to a point at the beginning of a tangent curve to the left; thence Southerly along the arc of said curve, having a radius of 450 feet, a central angle of 87° 27' 41", an arc length of 686.92 feet to a point'on.the Northerly boundary of lands conveyed to Pacific Educational Foundation by Deed dated December 29, 1964 and recorded in Book 1667, Page 128, Official Records of Santa Cruz County; thence leaving the Westerly line of Skyline Boulevard and along the Northwesterly boundary of said lands of Pacific Educational Foundation, South 5S° 55' Jest 817.69 feet to a point on the Westerly boundary of said Section 36 from which the Southwest corner of said section bears South 00 24' 44" West 724.94 feet; thence North 0° 24' 44" East along the Westerly boundary of said section to the point of beginning. EXCEPTING THEREFROM a one -quarter interest in all mineral rights as reserved in the 'Deed from Marcella Jane Tucker, Guardian of the person and Estate of Jessie M..Fatjo, an incompetent person, recorded December 31, 1964 inpBook 1667, Page 117, Official Records of Santa Cruz County. - ALSO EXCEPTING a one -quarter interest in all mineral rights as reserved in the Deed . from Marcella J. Tucker, recorded December 31, 1964 in Book 1667, Page .122, Official .Records of Santa Cruz County. • • Assessors Parcel No. 88-011-03 4 EXHIBIT , A Page of a tangent curve to the right? thence Southeasterly alone the arc of last said curve, having a radius of 350.00 feet,.a central angle of 29° 04' 42", an arc length of 177.63 feet to a point on the Cast - line of the West 1/2 of the Southwest 1/4 of the above. mentioned Section 36; thence Southerly•alonq last said line.of South n° 16' 48" 'West 979.66 feet to the Southeast corner of last said Parcel, said point being also a point on the Southerly line of said Section 36; • thence continuing along the last mentioned course, South 0° 16',48" West 633.78 feet to a point on the Southerly line of Township 7 • according to Lighfoot Survey in 1918 as delineated upon the Record • of Survey, recorded February 14, 1957 in Book 32 of Maps at page 50, .Santa Cruz County Records; thence*along the last mentioned line, North 64° 14' 10" West 1471.71 feet to the point of beginning. • EXCEPTING THEREFROM these portions lying within the Counties of. :S•anta Clara and.Santa Cruz. • Nos. 085-140-010 085-140-040 • • tXH ID 1T� . Page 3 �i� e .`_•+rte1 `,— - , m•.,..,..`1`'• 'N.� _.� :v ._•1 `� ; )� .rye\5• • r-oji • -- N 1" = 2000' , '. ...:,......... ../.....4.N /T-4..._,-••••••,/ -..v.r,Ar..-- ----,:-.--Z-•NNolitzir �s i;1 N 'u `J itbi .. ).. I e. s. . 2. County Taxes for the fiscal year 1976-77. Parcel No. 085-140-010, Code Area 66-5 1st Installment District Tax -Land Only. 2nd Installment District Tax -Land Only. Covers property under search more or less. • Parcel No. 080-410-040, Code $1,837.17 Paid .08 Paid $1,837.17 Paid .08 Paid and other' property, being 285 acres, Area 66-5 lst Installment $538.51 Paid District Tax -Land Only. . .02 Paid 2nd Installment $538.51 Paid District Tax -Land Only. .02 Paid Covers property under search and other property, being 66.95 acres, more or less. • 3. CASEMENT FOR DRAINAGE within any creek or strewn traversing., the herein described property, together with the rights of the public in and to the waters and use of such creeks or streams,to the high water mark. 4. EASCFIENT for road purposes over that portion of the herein described property, lying within any public or private road of record. 5. RIGHT OF WAY over the herein described property, as granted in Instrument From : Edith Van Antwerp and William C. Van Antwerp, wife .and husband To : Pacific Gas and Electric Company, a corporation Dated : August 10, 1932 Recorded : September 10, 1932 Book 570 of Official Records .at page 426, Records of San flateo County, California. .' Grants Right of Way for a single line of poles with necessary fixtures, subject to terms and conditions set forth. • 6. DEED OF TRUST securing payment of $209,434.87 and other obligations Truntor : Long Ridge Ranch, a California corporation'. Trustee : Victor A. Charg in, Jr. Beneficiary: ttarcella J. Tucker and Marcella Jane Tucker, Guardian of the Person and Estate of Jessie M. Fatjo, an Incompetent Person. . Dated • : December 29, 1964 Recorded : December 31, 1964 File No. : 2527-Y Book 4869 of Official Records at page 86, Pecords of San Mateo County, California. Contains a provision for additional advances. 'Transamerica Title Insurance Company, a .Cal itoi.•nia corporation has been substituted as Trustee under the foregoing Deed of Trunt • PRELIMINARY It1.1'Olt I Subject to a minimum charge as . required by Section 12404 of the Insurance Code. 1"irst A ,,er•ic an Title insurance C'Olflj)c2ny. San Mateo County Title Division. IORMINLY San Mile, County T,tlr Company i5IAthLI $t 1) 161.1 Refer to Order Number and Office as indicated. X MID-PCNINSUIA REGIONAL OPEN SPACE DISTRICT 745 DISTEL DR. LOS ALTOS, CALIFORNIA. 94022 Middlefield and Marshall Boy 549 Redwood City, Calif. 368.2851 1100 So. El Camino Real • Boy 469 San Mateo. Calif. 341-2691 1190 Chestnut Sti.e, Bo: 906 Menlo Perk, Calif. • 323.7/75 777 Keins Arenu. Boy 30k San Bruno. Calif. 583.9324 150 88th Street Boy 870 Doty City. Calif. 992-4806 100 Cabrillo Hwy. North . BoK 273 Holt Moon Bay. Cell,. 726.4416 Redwood City Order No. 252920 Customer's Reference Form of Policy Coverage Requested: CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY In response to the above referenced application for a policy of title insurance, this Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy of Title Insurance in the form specified above, 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 form. This report (and any supplements or amendments thereto) 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 May 12, 1977 at 7:30 a.m. JOHN L. BECK(TITH TITLE OFFICER -Title of said estate or interest at the date hereof is vested in: LONG RIDGE RANCH, it C A LLFORNIA CORPORATION The e7 tate or interest in the land hereinafter described or referred to covered by this Report is: A FEE 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. TAXES for the fiscal year 1977-78, •now a lien, but not yet due or payable. CONTINUCD EXHIBIT e- Page t o; 0 252929 Page 3. ASSIGNMENT: From : Marcella J. Tucker and Ae ssie M. Fatjo To : Crocker National Bank Dated June 28, 1972 Recorded : August 7, 1972 File no. • : 45189 -At? Book 6205 of OCEicial Records at page.382, Records of Ban Mateo. County, California. Assigns a1.I interest in Dccd of Trust- recorded in Book 4869 of Official Records at page 86. • 7. ANY AND ALL unrecorded leases or rights of parties.in possession. NOTE: There have been no Deeds recorded within the last 6 months prior to the date of this report, affectingthe herein described property. . EXHIBIT .'.. 'lights of the public in and to any portion of the herein described property lying 'within the exterior boundaries of Summit Road. 3. An Easement for the hereinafter specific purpose and incidental purposes, recorded in Book 230, Page 367, Official Records. Said Easement is for' a.pole line and affects the herein described and other property., Said Easement was conveyed oo Pacific Gas and Electric. Company, a California corporation. 4. A Deed of Trust to secure an indebtedness of $209,434.87, recorded December 31,. 1964, in Book 1666, Page 622, Official Records of Santa Cruz County. Dated: December 29, 1964 • Trustor: LONG RIDGE RANCH, a California corporation Trustee: VICTOR A. CHARGIN, JR. - Beneficiary: MARCELLA J. TUCKER, and MARCELLA JANE TUCKER, Guardian of the Person and Estate of JESSIE M. FATJO., an Incompetent Person (Affects herein described property with other property) • ' The Beneficial Interest under said Deed of Trust was assigned to Marcella J. Tucker' and Jessie M. Patio, by mesne assignments of record. A Document recorded in Book 2197,•Page 586, Official Records substitutes Transamerica' Title Insurance Company, a California corporation, as Trustee in said Deed ofTrust.• NOTE:' General and Special County Taxes for/pro-ration for the fiscal year 1976-77. First Installment 5437.43, paid. Second Installment $437.03,. • paid. Assessor's Parcel No. 88-011-3, Code Area 65-000. . EXHIBIT Page E of C 1 t t1 !. 11 / r. ♦ • •/ • g. U 14f 0 • First American Title Insurance Company . 731330 SOOUEL AVENUE (P.O. BOX 838) SANTA CRUZ, CALWORNIA 95060 • (408) 426.6500 . ❑ 611 MAIN STREET (P.O. BOX 830 • WATSONVILLE, CALIFORNIA 95076 • (408) 722-4111 04738 SCOTTS VALLEY DRIVE • SCOTTS VALLEY, CALIFORNIA 95066 • 1408) 438.3316.. 09045 SOOUEL DRIVE , • APTOS.• CALIFORNIA 95003 • • (408) 688.8000 FIRST AMERICAN TITLE COMPANY P. 0. Box 549 . Redwood City, CA 94064 - ATTENTION: John Beckwith "Subject to a minimum charge required .by Section .12404 of the Insurance Code" Your No. 252929 Our Order No. 48716-7 Form of Policy Coverage Requested: California Land Title Association Standard Coverage . In response to the above referenced application for a policy of title insurance, this Company hereby reports that it is pre- pared to issue, or cause to be issued, as of the date hereof, a Policy of Title Insurance in the form specified above, describ- ing 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 form. This report (and any supplements or amendments thereto) 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 ' May 13, 1977 • at 7:30 a.m. Title to said estate or interest at, the date hereof is vested in: LONG RIDGE RANCH,, a California corporation • The estate or interest in the land hereinafter described o(referred to covered by this Report is: In Fee . TITLE OFFICER • 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. General and Special Taxes for the fiscal year 1977-78, a lien, not yet payable. EXHIBIT • C..0 • • • SPECIAL INFORMATION SHEET. I •• • Attached To Preliniinary Report No. • ..Dated .Zfay..134: 9.71.. . • Unless shown in the body of this preliminary report there appear of record no transfers or agree• •ments to transfer the land described - + • during the period of six months this report, except as follows: . r •: • • • • • .r . • • N 0 N E • • ;; • • • •t • EXHIBIT - Page (e, of ' .