HomeMy WebLinkAboutTermination of Buyer's Occupancy and Resale Agreement with Option to Purchase TOMMY GONG SN
RECORDING REQUESTED BY: San Luis Obispo County—Clerk/Recorder 6/09/2015
FIRST AMERICAN TITLE COMPANY Recorded at the request of 8:00 AM
First American Title Company
RECORDED REQLJES EB-}Y D o C#: 2015027908 Titles: 1 Pages: 3
AND WHEN RECORDED MAIL
TO: Fees 0.00
Taxes 0.00
City of Arroyo Grande Others 0.00
City Clerk PAID $0.00
300 East Branch Street
Arroyo Grande, CA 93420
SPACE ABOVE THIS LINE FOR RECORDER'S USE ONLY
NO RECORDING FEE—PUBLIC AGENCY
TERMINATION OF BUYER'S OCCUPANCY AND RESALE AGREEMENT WITH OPTION
TO PURCHASE
This Termination of Buyer's Occupancy and Resale Agreement with Option to Purchase
("Termination Agreement") is made pursuant to the terms of that Buyer's Occupancy and Resale
Agreement with Option to Purchase (the "Occupancy and Resale Agreement") executed by Joseph
Naranjo and Carol Naranjo ("Owners") and the City of Arroyo Grande ("City") and recorded on
September 7, 2007 as Document No. 2007060577 of Official Records in the office of the Recorder of
San Luis Obispo County, California.
The Occupancy and Resale Agreement affects the real property located at 579 Camino Mercado #310,
Arroyo Grande, California (the "Property") and is more particularly described in the legal description
attached hereto as Exhibit"A" and incorporated herein by this reference.
City hereby certifies that the Property has been transferred to a Market Purchaser in compliance with
the Occupancy and Resale Agreement and that the terms and conditions set forth therein are no longer
in force or effect.
ity of • ro i de
I A k
fOlAlitigt
ob McFall, Int ri ity anager
A Notary Public or other officer completing this certificate verifies only the identity of the individual who
signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of
that document.
State of California
County of San Luis Obispo >>
On V UNG ,2015 before me, ,4 7J / /e)rilen the undersigned,a Notary Public,personally
appeared Bob McFall,Interim City Manager,who proved to me on the basis of satisfactory evidence to be the person
whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized
capacity and that by his signature on the instrument the person,or the entity upon behalf of which the person acted,
-___ executed-the instrument.- ------ -- - - - — - - -- - ~r-
I certify under PENALTY OF PERJURY under the laws of the State of California the foregoing paragraph is true and
correct. KITTY NORTON
Commission•9099998
WITNESS my hand and official seal. .a: 1" Nobly tiwo,WWI
,� z c'' "T/ SM Lid 0l ape County
Signature /� tJZ Mr (SEAL) 10
EXHIBIT A
Legal Description
Real property in the City of Arroyo Grande,County of San Luis Obispo, State of California,described as
follows:
A CONDOMINIUM COMPRISED OF:
PARCEL 1:
Airspace Envelope No.25 of Tract 2616,in the City of Arroyo Grande, County of San Luis Obispo, State
_
Califonia,as shown and particularly described on he First Amended Condominium Plan foTact 2616, _ _
recorded January 11,2007 as Instrument No.2007-002198 of Official Records.
EXCEPTING AND RESERVING THEREFROM,a non-exclusive easement for access, ingress, egress,
encroachment, maintenance, repair, drainage,support and for other purposes,all as described in the
Second Amended and Restated Declaration of Covenants, Conditions and Restrictions Establishing a Plan
of Condominium Ownership of Tract 2616 CDeclaration"), recorded March 7, 2007 as Instrument No.
2007-015380 of Official Records.
•
PARCEL 2:
An undivided 1/61 interest as a tenant in common in the Undivided Interest Common Area as defined in
the Declaration, referred to above, which Undivided Interest Common Area consist of the real property
described as Lot 1 of Tract 2616,in the City of Arroyo Grande,County of San Luis Obispo, State of
California,according to map recorded July 19,2005 In Book 26,Pages 81 and 82 of Maps, in the office of
the County Recorder of said county, Including any Undivided Interest Common Area duly joined through a
duly authorized Declaration of Annexation pursuant to the Declaration.
EXCEPTING AND RESERVING THEREFROM,Airspace Envelopes 1 through 61 Inclusive,and any and all
improvements that are or will be located thereon.
ALSO EXCEPTING AND RESERVING THEREFROM,non-exclusive easements for access, ingress,egress,
- –encroachment,_maintenance, repair,drainage, support,and for other purposes,all as described in the
Declaration. — --_ ------ -
PARCEL 3:
An exclusive easement for storage and parking appurtenant to Parcel One,which storage area and
parking area are defined in the Declaration, for use as may be permitted In the Declaration.
PARCEL 4:
Non-exclusive rights appurtenant to Parcel One above, for access, ingress, egress, encroachment,
maintenance,repair,drainage,support and for other purposes all as described in the Declaration referred
to above.
A-17
END OF DOCUMENT