HomeMy WebLinkAboutProposed Sale APNs 624-430-006, 624-431-011, 624-440-012 CITY OF PALM DESERT /PALM DESERT HOUSING AUTHORITY
JOINT CONSIDERATION
STAFF REPORT
REQUEST: REQUEST FOR APPROVAL OF THE PROPOSED SALE OF THE
PROPERTIES LOCATED AT 42075 HOVLEY GARDENS DRIVE
(APN 624-430-006), 42190 GOLDEN EAGLE LANE (APN 624-431-
011), 74572 KING FISHER CIRCLE (APN 624-440-012), PALM
DESERT (PURSUANT TO HEALTH AND SAFETY CODE SECTION
33433(c)).
SUBMITTED BY: Jessica Gonzales, Management Analyst - Housing
DATE: May 23, 2013
CONTENTS: Housing Authority Resolution No. HA- 54
Draft Purchase and Sale Agreement
Recommendation
That the Authority Board,
1. Conduct a public hearing and accept testimony on the proposed sale of the
properties located at 42075 Hovley Gardens Drive (APN 624-430-006),
42190 Golden Eagle Lane (APN 624-431-011), 74572 King Fisher Circle
(APN 624-440-012), to qualified households of low or moderate income; and
2. Following public testimony, close the public hearing, and request that the
Authority Board waive further reading and adopt Resolution No. HA- [
approving the sale of the properties pursuant to the attached draft Purchase
and Sale Agreement at the fair market value of$200,000 each.
By Minute Motion, that the City Council and Authority Board,
3. Approve silent homebuyer assistance loans in amounts that do not exceed
$80,000 in total for each homebuyer to ensure an affordable housing cost for
a qualified low or moderate income household from any available funding
source restricted for such purpose (BEGIN, Housing Mitigation,
Agency/,Housing Authority program income); and
4. Authorize the payment of the transaction costs from the sale proceeds for the
purpose of repairs required for closing, fees customary to real estate
transactions in Riverside County including escrow, title, FHA fees,
inspections, vermin eradication, commissions and disclosures; and
5. Authorize the use of the Falcon Crest sales program and documents
including the restrictive covenant and loan documents for the applicable
funding source, in their substantial form; and
6. Authorize the Mayor, Authority's Chairman and/or Authority's Executive
Staff Report
Public Hearing APN 624-430-006, APN 624-431-011 and APN 624-440-012
May 23, 2013
Page 2 of 2
Director or his designee to finalize and execute the Purchase and Sale
Agreements and any ancillary documents necessary to effectuate the sales
and actions taken herewith.
Backqround
On November 6, 2006, the City of Palm Desert ("City") and the former Palm Desert
Redevelopment Agency ("Agency") approved the initial sale of ninety-three (93) three and
four bedroom single-family homes located in the Falcon Crest Development ("Falcon Crest")
to households of low and moderate income.
Based on the previously approved restrictive covenant, when an owner decides to sell, staff
attempts to coordinate a direct sale from the owner to a new purchaser from a waitlist,
however, during 2010 and 2011 there were no eligible households on the waitlist for Falcon
Crest. Because of this, the Agency purchased most of the houses that became available
for sale in order to preserve the affordability covenant and the Agency's additional
investments in the home.
With the Governor's enactment of ABX1 26 and AB 1484 redevelopment agencies were
effectively eliminated on February 1, 2012. The legislation prohibited agencies from entering
into any new agreements, contracts, debts, loans, etc. which included the Agency's ability to
purchase any additional properties or to sell any of the homes that were acquired.
On February 9, 2012, the City adopted Resolution No. 2012-07 designating the Palm Desert
Housing Authority ("Housing Authority") as the successor housing entity for all housing
activities formerly completed by both the Agency and Housing Authority. On October 11,
2012, the Housing Authority Board accepted the housing functions and assets transferred
pursuant to Resolution No. HA-47.
The Housing Authority is proposing to sell three (3) single-family residences located at
42075 Hovley Gardens Drive, 42190 Golden Eagle Lane and 74572 King Fisher Circle in
the Falcon Crest Development (the "Property") to qualified low or moderate income
households.
Health and Safety Code Section 33433(c) provides that the requirements of subdivisions (a)
and (b) will not apply to the sale of a small housing project if the City Council adopts a
resolution that authorizes the sale of small housing projects pursuant to Section 33433(c).
Pursuant to its Resolution No. 03-34, adopted on April 10, 2003, the City Council authorized
the Agency to sell small housing projects pursuant to Section 33433(c). On March 14, 2013,
the City Council adopted Resolution No. 2013-11 authorizing the Authority to sell small
housing projects pursuant to Health and Safety Code Section 33433(c) as the successor to
the former Agency's housing functions and assets.
The properties meet the definition of a small housing project in that the Housing Authority
will only sell the properties to qualified households (including persons or families) of low or
moderate incomes.
Section 33433(c) requires that a public hearing be held on the proposed sale pursuant to
Health and Safety Code Section 33431. Pursuant to Section 33431, notice of a public
G:IHOUSING1Jessica GonzaleslPROGRAMS�AGENCY FOR-SALEIPUBLIC HEARINGSWA-Ciry 33433(c)Public Hearing FC Lots 6,31,62 Mtg of 5-23-13.doc
Staff Report
Public Hearing APN 624-430-006, APN 624-431-011 and APN 624-440-012
May 23, 2013
Page3of2
hearing on the proposed sale of the properties was published once a week for two
successive weeks in the Desert Sun.
When a qualified buyer is identified for each of the homes, the draft Purchase and Sale
Agreement ("Agreement") will be modified based on the terms of the sale agreed upon.
In addition, and in order to ensure an affordable housing cost, the Housing Authority and
City will need to provide deferred down-payment assistance loans. The loan terms will be
consistent with the City's BEGIN Loan Program and the Falcon Crest Sales Program. The
actual amount and funding source of the Housing Authority and/or City assistance loans will
vary for each transaction and will depend on the qualifying income and buyer criteria. The
combined loans will not exceed $80,000 per household which is the same amount of the
original sales program.
Staff recommends that (i) the Housing Authority Board, hold a public hearing on the
proposed sale of the properties and approve the sale of the properties to qualified
households pursuant to the terms of the Purchase and Sale Agreement presented to the
Housing Authority at this meeting and (ii) that both the City Council and Authority Board
approve silent homebuyer assistance loans for each home not to exceed $80,000 per
household to ensure an affordable housing cost from any available funding source restricted
for such purpose.
�
Fiscal Analvsis �
�
The fiscal impact will be the cost differential from the former Agency's cost of each of t �
properties to the newly negotiated sales price, the costs of the transaction, and the amo� � :�
of the assistance loans from the various sources. Each sale will reduce the monthly cossQ �
associated with maintaining the inventory.
� �� .�
Submitted by: Department Head: � Q 4 �
O r,� ` .�.
..X� �' j,: a�
es ic Gonzales, agement Analyst- Housing J net Moore, Director of Housing � m �
0 �'
�� o
Finance Department: � — �
� �
CITYCOUNCILA�TIOl� z � :r�
APPROVED `� DENiEfl � �
RECEIVED OTHER
aul Gi s , Director of Finance MEET G DA —� ��" �
AYES l��
Ap val: NOES:
ABSENT:
ABSTAIN:
VERIFIED BY:
Jo M. Wohlmuth, City Manager/Executi�"C�'Lt�� File with City erk's Office
G: OUSINGUessica GonuleslPROGRAMSIAGENCY FOR•SALEIPUBLIC HEARINGSIHA•City 33433(c)PuMic Hearing FC Lots 6,31,62 Mtg of 5-23-13.doc
NOTICE OF A PUBLIC HEARING
OF THE CITY OF PALM DESERT AND THE PALM DESERT HOUSING
AUTHORITY REGARDING THE PROPOSED APPROVAL OF A RESIDENTIAL
PURCHASE AND SALE AGREEMENT
NOTICE IS HEREBY GIVEN that the Palm Desert Housing Authority (the
"Authority") will hold a Public Hearing to consider the approval of the DRAFT
Residential Purchase and Sale Agreements (the "Purchase and Sale
Agreements") by and between the Authority, as seller, and a person or family of
low or moderate income, as buyer. The Purchase and Sale Agreements pertain
to three (3) single-family residences owned by the Authority located at 42075
Hovley Gardens Drive, 42190 Golden Eagle Lane and 74572 King Fisher Circle,
Palm Desert, CA 92260.
A copy of the Purchase and Sale Agreements are available for public inspection
and copying at a cost not to exceed the cost of duplication, at the Office of the
City Clerk, 73-510 Fred Waring Drive, Palm Desert, Califomia 92260.
Said Public Hearing will be held as follows:
DATE: Thursday, May 23, 2013
TIME: 4:00 P.M.
PLACE: City of Palm Desert
Council Chambers
City Hall
73-510 Fred Waring Drive
Palm Desert, California 92260
All interested persons wishing to be heard on the matter may be present and be
heard. Any written communications should be addressed to the Authority
Secretary, 73-510 Fred Waring Drive, Palm Desert, Califomia 92260.
Dated: May 7, 2013
R chelle D. Klassen, S cretary
Palm Desert Housing Authority
(760) 346-0611
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RESOLUTION NO. HA - 54
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY
APPROVING A RESIDENTIAL PURCHASE AND SALE AGREEMENT
PURSUANT TO HEALTH AND SAFETY CODE SECTION 33433(c)
THE PALM DESERT HOUSING AUTHORITY HEREBY FINDS,
DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. On April 13, 2006 the City of Palm Desert ("City") and the former Palm
Desert Redevelopment Agency("Agency") approved the Falcon Crest Sales Program and
jointly held a public hearing on November 6, 2006, approving the initial sale of the 93
single-family homes located in the Falcon Crest Development("Falcon Crest") in the City of
Palm Desert to qualifying households of low or moderate income pursuant to Resolution
No. 535 and 06-145.
Section 2. Pursuant to Health and Safety Code Section 34175(b), on February 1,
2012, all assets, properties, contracts, leases, books and records, buildings, and
equipment of the Agency transferred to the control of the Successor Agency to the Palm
Desert Redevelopment Agency (the "Successor Agency") by operation of law including
housing assets.
Section 3. Pursuant to Health and Safety Code Section 34176(b), on February 9,
2012, the City adopted Resolution No. 2012-07 designating the Palm Desert Housing
Authority(the"Housing Authority") as the successor housing entity for all housing activities
formerly completed by both the Agency and the Housing Authority.
Section 4. On October 11, 2012, the Housing Authority Board accepted the housing
functions and assets transferred pursuant to Resolution No. HA-47.
Section 5. The Housing Authority owns three single-family residential properties
located at 42075 Hovley Gardens Drive, 42190 Golden Eagle Lane and 74572 King Fisher
Circle in the City of Palm Desert, California (the "Properties"). The Housing Authority
proposes to sell each of the Properties to three qualifying households of low or moderate
income pursuant to the draft purchase and sale agreement (the "Agreement") and the
Falcon Crest Sales Program, presented to the Housing Authority at this meeting and now
on file in the offices of the Housing Authority Secretary and City Clerk of the City of Palm
Desert.
Section 6. Resolution No. 03-34 of the City Council authorized the Agency to sell or
lease a "small housing project" as that term is defined in Health and Safety Code Section
33013, pursuant to Health and Safety Code Section 33433(c).
Section 7. By its Resolution No. 2013-11, the City Council confirmed that the
authorization for the former Agency to sell small housing projects pursuant to Health and
Safety Code Section 33433(c)transferred to the Housing Authority as the successor to the
former Agency's housing functions and assets.
-1-
12812-0001\1528710V2.dOC G:IHOUSINGUassbe GonzelesNROGRAMSV GENCY FOR-SALEIPUBUC HEARINGSIHA Reso Approving sele ol smell housing project FC Lots 6,31,62 Mlg of&23-13.doc
RESOLUTION NO. HA - 54
Section 8. Following notice duly given, the Housing Authority has held a full and fair
public hearing on the sale by the Housing Authority of the Property pursuant to Health and
Safety Code Section 33431. The Housing Authority has made available to the public
through the office of the City Clerk a copy of the Agreement prior to the public hearing.
Section 9. The Housing Authority hereby finds and determines that the Properties
qualify as a "small housing project" as that term is defined in Health and Safety Code
33013.
Section 10. The City and the Housing Authority hereby approves the Agreement
and the Housing Authority Executive Director ("Executive Director") is hereby authorized
and directed, for and in the name and on behalf of the Housing Authority, to finalize,
execute and deliver the Agreement in substantially the form on file with the Housing
Authority Secretary and the City Clerk and presented at this meeting, with such additions
thereto or changes or insertions therein as may be approved by the Executive Director
(such approval to be conclusively evidenced by such execution and delivery).
Section 11. The officers of the Housing Authority are hereby authorized and
directed,jointly and severally, to execute and deliver any and all necessary documents and
instruments and to do all things which they may deem necessary or proper in order to
effectuate the purposes of this Resolution and the transaction contemplated hereby; and
any such actions previously taken by such officers are hereby ratified, confirmed and
approved.
PASSED, APPROVED AND ADOPTED this 23TH day of MAY 2013 by the
following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
JAN C HARNIK, CHAIRMAN
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
PALM DESERT HOUSING AUTHORITY
-z-
12812-0001\1528710V2.dOC G.iHOUSINGIIessica GonzelaslPROGRAMSUGENCY FOR-SALE�PUBLIC HEARING5IHA Rew ADMoving sele of smeN housing projec!FC Lols 6,31,62 Mtg of 5-23-13.doc
DRAFT FOR DISCUSSION
cauFORN�A
�� C A L [ F Q R tV I A RESIDENTlAL PURCHASE AGREEMENT
�� A s s a c�n•r�o N AND JOINT ESCROW INSTRUCTIONS
O F [Z E A L.T tJ!t S" For Ua�YYlth Sinpb Family RsldwiUat Proputy—Attaahed or Detacl»d
(C.AR.Form RPA-CA,Revlsed A/10)
p�@ 19av 23, 2023
�. a�eR:
A. TH151S AN OFFER FROIA A qualified Iow or moderate inccrme buyer �•g���
B. THE REAL PROPERTY TO BE ACQUtRED is described as 42075 Hovley Gardens Drive or 42290 Golden Esgle Lane or
74572 ECing Fiaher Circle ,Asaessors Parcel No. ,siWated in
Pa2m Dsafst .County of Riwrsids .Ca6fomla,("PropeAy').
C. THE PURCHASE PRICE otf�is T�+o Hundz'ed Thcusand Dollara
{Doilars$ 5200,Q00.DO �
D. CLOSE OF ESCROW shall occur on 60 days or sooner fr� acceptance (date)(or� Daya After Accepiance).
2. AGENCY:
A �SCLOSURE Buyer and Seller each adcnowledge p�ior receipt of a "Disclosure Regarding Real Estate Agency RetaBonships"
(C.A.R.Form AD).
B. POTENTtALLY COMPETtNG BUYERS AND SELLERS: Buyer and Seller each ack�ww�dge recelpt of a disdasure of the possibilNy of
muftlple represerdation by the Broker representing that princlpaL Thla dfsdosure may be �rt of a dsNng agreement, buyer representation
agreement or separate document (C.A.R. Form DA). Buyer understands that Broker represendng Buyer may also represent other poteMial
buyers, who may consider, make offers on or ulGmately acquire the Property. Seiler understands that Broker represenNng Selier may also
represent other sellers with competlng properties of interest to this Buyer.
C. CONFlRMATION:The folbwing agency reladonships are hereby conflrtned for Ihta transaction:
Listing Agent �D (Prird Firtn Name)is the agent
of(check onej: 0 the Seder exdusively;or�both fhe Buyer and Seller.
Seiling Agent D (Prirn Firm Nane)(if not the same as the
Li�ing Ayent)is the agent of(check one):0 the Buyer exclusivety;or �the Seller exGusively;or Q both the Buyer and Setler. Reat Estate
Brokers are not parties to the Agreement belwaen Buyer and SeNer.
3. FINANCE TERM3:Buyer represents that funds will be good when deposiied with Eacrow Hotder.
A fNITiAL DEPOSIT:Deposlt shall be tn the amount ot ...................................................S 2sD
(1) Buyer sh�l deliver deposit diredly to Escrow Holder by personal check, �eledronic funds fran�er,� Other
within 3 business days after acceptance(or�Other );
OR(2)(if checksd)Q 8uyer has given the deposit by peraonai check(or � )
to the apent submilUng the Mfer(a�to� ),
made payable to .The deposit shall be held
uncashad until Accepianc;e and ihen deposited witF►Fscrow Holder(or ❑into Brokers trust accaunt) wNhin 3
business days after Acceptance(or Q Other ).
B. INCREASED DEPOSIT:Buyer shafl deposlt wlth Escrow Hotder an increased deposft(n the amount�...........S
w(thin Days After Acxeptance,or�
If a Nquidated damages clause is incorporated into this Agreemeni, Buyer arni Seller shall sign a separate
ilquideted dameges dause(CAR.Form RiD)for arry Mcreased deposk at the time N is deposited.
C. LOAN(S):
(1) FtRST LOAN:in the amount of.................................................................S TaD
This toan wiU be convenUonai flnandng or, if checked, ❑FHA,Q VA, ❑Seder{C.A.R. Form SFA),
�asaum�f fmancing(C.A.R.Form PAA), �Other .This ban shaM be et a flxed
rate rrot to exce� %w.�an adjusfable rdte ban with initial rate nat to exceed 96.
Regardess of the type of loan,Buyer shaU pay pofnts rroi to exceed 96 of the loan amount.
{2)�SECOND IOAN:in the artiou�t�............................................................S TBD
Thls ban wtd be corneMtonal flnandng or,If chedced, �Seller(CA.R.Form SFA), �assumed finandng
(CA.R.Fwm PAAj, �Olher ,Ss� 3.D .This losn shali be at a Nxed rate not to exoeed
%or,Q an adjustabie rate loan wMh i�Riai ra6e not to exceed %.Regart�ess of
the type of loan,Buyer shail pey poiMs not to exceed %of the loan amount
(3) FHANA:Fa any FHA or VA loan specified abova,Buyer has 17(or� )Days After Puxeptance
to Defiver to Seli�writlen notice (CA.R. Fortn FVA) o( arry lender-required repairs w costs that Buyer
requests Seller to pay for or repefr.Seller has no obligation to pay for repairs or saffsfy lender requirements
unl�s othervNse agreed in writlng.
D. ADDRIONALFlNANCiNGTERM3: Pa]m Duatt Aovsina Antboritv sad Citv of PaLn
Dssert mav aive dorn navmeat e�aistrac�, crovialod bnvar arulifi�,y,.
E. BALANCE OF PURCHASE PRICE OR DOWN PAYMENT:in the amount ot................................$
6o be deposited wiih Esctow Nolder within suffident dma to Goae escrow.
F. PURCHASE PRICE(TOTAL): ............................................................... .....$ $200,000.00
auyers tnnta�s t )t ) s��ers mrea�s� �� ) �
rh.co�da i.w.or u,.un��a s�mas rna.n u.s.coa.t w�ew n.wa�,a;Z.e�p�a�,c�n or nu.rorm,a
�
+M D�unnof,bY W�M macNns a any otl�er mprN,indudinO Iseeimih v Ienized fameta. Kt!(M�trr
Capyripht01887.2010.CALIFORNIA AS90CNTION OF REALTORS�q�IC.ALL RIGHTS�ERVEO
RPA-CA REVISED U10(PAGE 1 OF B) Ravlewed by Date
CALIFORNIA RESIDENTL4L PURCHASE ACiREEMENT(RPA-CA PAGE 1 OF 8}
Apsot; Pha�e: Fax: Prepared using s�Fom�sottwaro
Broker.
DRAFT FOR DISCIISSION
PfOp9f�AdCIfB$5:42075 8ovley Gasd�rts Ds oz OS190 Coldea Esgls zn or 74572 Ring lYsher Cir DBtA' � 23 2013
G. VERIFICATiON OF DOVIR�I PAYII�ENT ANO CWSING COSTB:Buyer(or Buyer's tender or loan broker pursuant to 3H(1))shap,withtn 7(w
❑ ) Days ARer Acceptance. Depver to 5elier writlen verilication of Buyet's down payment and cbsing costs. (H checked,[�
vedficatlon attacl�ed.)
H. LOAN TERMS:
(1i �OAN APPLICATtONS:Within 7(or� )Days After Acceptance,8uyer shaq Uetive�to Seiler a letter irom tender or loan
broker statlng that,basad on a review of Buyefs wrU6an appiicatlon and credit report,Buyer Is prequalifled or preapproved for�y NEW loan
specified In 3C above.(tf c�edced,Q letter attached.)
(2) IOAN CONTIN�3ENCY:Buyer shali ect di6genUy and in pood faith to obtein the designated loan(s).Obtaining the lo�(s)specified above
is a contingancy of this Agreement unless othernrlse agreed in wriUnp.Buyers contractual obligatla�s to obtaln and provide de�sii,halance
of dovm payment and closing costs are not corNing�oelas of this Agreement.
{3) tOAN CQNTiNCsENCY REMOVAL:
{I) 4VttHn 17(or� )Days A(ter Acceptance,Buyer shaft,as speci8ed in paragraph 14,tn writing remove the loan condngsncy
or cencet this Agreement;
OR(If) (if checked} �tf►e loan conti�ency shall remain in e(ted untli the designated Eoans are funded.
(4j[�NO LOAN COMTINOENCY(H checked):Obtainfng any toan spedfled above is NOT a contlngency of this Agreement.if Buyer does not
oblain ttre loen and as a result Buyer does not purchase the Properry,Selier may be entided to Buyer's deposit or olher legel remedles.
i. APPRAISAL CONTINGENCY AND REMOVAL:This Agreement is(or,If chedced,�!s NO'�contirpeM upon a written appre�al of the Propsrty
by a licer�l or ceNfled appralser at no less then the spedfied purchase price. If there Is a loan contingency, Buyers removal of the I�n
contirgency shall be desmed removsl of this appraisal condngency(or,� Ef checked,Buyer shall,as specified in paragraph 14B(3),In writing
remove the appraisal conUngency or cancel fhis Agreement wlthin 17{or )Days After Acceptence).If there ia no loan corrttngency,
Buyer shall,as specified in paragraph 148(3),in writi�g remove the appraisal contingency or cancel Yhis Agreement within 17(or )
Days ARer Acceptance.
J. �ALL CASH OFFER(H checked):Buyer shalt,withtn 7(or� ) Daya After Acceptance, Deilver W Selter written vertficatlon of
suHideM tunda to dose thls transactlon.(N chedced, �verfNcetlon attached.)
K BUYER STATED FINANCING: Selter hes reded on Buyers representetion of the type of ftnenctng spec�ied {induding but not timned to, as
applicabte,amount of down paymant,contlngent or non contlnflent loan,or ali cash).ii Buyer seeks altemate financk�g,(i)SeNer has no obNgation
to cooperate wi� Bayer's ettorts to obtain such fmancing,and(A�Buyer shail aiso pursue the flnandng metliod specified In this Agreement.
8uyer'a failure to secure altemate flnancing does not excuse Buyer from the obligatlon to purdiase the Property and cloee escrow as specifled in
tl�s Agreemenl
4. ALLOCATION OF CO3T3(If chedced):UMess othervvise specified in wriUnp,this paragroph only determGres who is to pay for the inspection,test or
servloe('Report")meritloned;k doas not detarmins who Is to pay tor any work rscommended or ldantif�d In the Repwt.
A. INSPECTIONS AND REPORTS:
(1)Q Buyer�Selier shall pay for an inspection and report for wood destroyfng pests and organisms ('Wood Pest Report") prepared by
Sa22ara Choic� a registered structurel pest controt company.
(2y�Buyer❑Setler shaN pay to heve septic or{�ivate sewage disposai systems pumped and Inspected
(3}�Buyer 0 Selier shaU pay to have domestic wetis tested for water potabflity and productivity
(4}�Buyer�Seller shaN pay for a naturai hazard zane dfsdosure repori prepared by 8iret Amrr3c�a or Stmil�r
(5)❑Buyer�Setler shall pay for C�e falfowing inspectlon or report
(�Q Buyer Q Sefler shaN pey fw Ihe following inspedbn or report
B. GOVERNMENT REQUlREMENTS AND RETROFIT:
(1) 0 Buyer�Seller sha8 pay for smoke det�lor i�talletion end/or water heater bracing,(f required by Law.P�ior to Close Of Escrow,Seiler
shall provide Buyex wrHlen statement(sj of complience in ac�rdance with state and local Lew,unless exempt.
(?)0 Buyer Q SeHer shall pay the cost oi Canppanrs wilh arry other minimum msndatory govemment retrofit standerds, Uspections and
reports if required as a condition of cbsing escrow under any Law.
C. ESCROW AND TITLE:
(1)�Buyer�SeAer shatl pay escrow fee Tnach to �v his/her ora
Escrow Holder shat(be �eT��+*�_�acrar
t2)O��se�rer snan psy for oamars Utle+ns�a�ence palcy specified In paragrapn 12e
Ownefs 1ltle poflcy to be issued by Ffrot American tit2e
(Buy�shall pay for any fitle msurance policy ins�xing Buyers�ndsr,uele,ss oiherwise agreed in wri6ng.)
D. OTHER COSTS:
(1)❑Buyer�Selter shail pey County transfer tax or fee
{2)�Buyer 0 Satler shall pay City transfer tex a 4ee
(3j Q Buyer�Setler shaN pay Homeawner's Asaociation("HOA')transfer fee
(4)O Buyer�Seller shaii pay HOA dOCumant preparatlon fees Relatad Fwas
(5)�Buyer�Sefler shaG pay For any privata fr�sfer fee
(6)0 Buyer�Seqer shall pay the cost,not to exceed$ 350.!�0 ,of a one-year home warranty plen,
isaued by��rican Haeos 8hield ,with the foqowing optionsi coverages:
�Air Conditioner Q PooUSpa Q Code and Permit upgrade �Ottter:�2iaacae
Buyer is informed that hane wartanty plans have many optionai coverages in addition to those Iisied above.Buyer is advised to investigate
these cwerages to determtne those ihat may be suitabte for Buyer.
(7)Q Buyer❑Seller shaA pay for
(B)�Buyer(]Se6er shall pay for
Buyers IniUals( )( ) Seders Init�ls( )( } �
CapyApl+l O/991-2010.CALIFORMA ASSOCUTiON OF REAL70RS�INC ��d� � ��
RPA-CA REVISED 4l10(PAfiE 2 OF 8) orwerwrn
CAUFORNfA RESIDENTIAL PURCHASE AGREEMENT(RPA-CA PAGE 2 OF 8) 43840 Biueberr
DRAFT FOR DISCUSSION
PfOpBtiy Addt'BSS: �zo�a sooi.y cara.a: ar or 41290 6olci� S�g1e sa oz 7�372 Kiag Mshar cir De�: �y 23, 20Z3
5. CL031N6 AND POSSE8SION:
A Buyer intends(or�]doas rrot Intend)ta occupy the Property as Buyer's ptimary residence.
8. $eller-occupfu!or vacarrt property:Possession shall be deiivered to Buyer at 5 PM or(❑ ❑AM 0 PM),on the date of Close
Of Eacrow;Q on ;or�no later than Days Aft�Close OF Escrow.If transfer allitle
and possession do not oa;ur at the same tlrr�,Buyer and Setier are advtsed to:{�enter Into a writMn occupancy agreement(C.A.R.Form PAA,
paragraph 2};a�d pq oonsult with their i�urance and legai advisors.
C. Tenant-occupfed property:
(Iy Propsrty sha116s vacant at least 5(or❑ )Days Prbr la Close Of Escrow,untess otherwise agreed in writlng.Note to Ssiler.
H you are unable to deliver Property vacant tn secordance with rent control and other appiicable Law,yau may ba In breach of this
ApreemeM.
OR(il)(d checked)0 Tenant to romatp in possesslon.(C.A.R.Fam PAA,paragreph 3)
D. At Cfose Of Escrow,(Ij SeAer asslgns to Bayer any assignaWe wamanfy rights for ftems induded in the sale,and(ff)Seffer shali D�iver to Suyer
avallable Copies of warrentles.Brokers cern�ot and witl nat determMe the assignabflity of any warranGes.
E. At Cbse Of Escrow,unless otherwlse agreed in writlng,SeHer shall provide keys andfor means to operate aU tocks,mailboxes,secu�iry systems,
alarms and garage door openers. If Property is a condomiNum or tocated In a oorrxnon fnterest subdivislon,Buyer may be required to pay a
deposit to the hbmechmars'Assxiation("HOA")to obtain keys to accessible HOA faaliGes.
8, STATUTORY DISCLOSURES(INCLUDING LEAD-BASED PAINT HAZARD�ISCLOSURES)AND CANCELLATION RIGHTS:
A. {1) Seiler sh�i,within the Nme specified in paragraph 14A,Deliver to Buyer,if required by Law:(t)Federal Lead-8ased Paint Disdosures(C.A.R.
Fam FLD)and pamphtet('Lead Discloaures");and(II)dtadasures or notices required by sections 1102 et.seq.and 1103 et seq.of the Clvll
Code('Statulory Dlsdosures").Statutory Dlaclosurea include, but are not limfted to,a Real Estete Transfer Discloaure Statement("TDS"),
Naturat Hazard Disdoaure Statement("NHD"), notice or actuai knowledge of releaae of iliegal cantroiled substance,notice of special tax
arailar assassmenfs(or,If a}towed,subatantfalfy equivalent rrotice regardina the Mello-Roos Com�nity Facilides Act and Improvement Bond
Acl of 1915)and,if Seqer has actuet knowledge,of industrial use and mllitary orcYnance bCatlon(C.A.R.Fortn SPQ or SSD).
(2} Buyer shall,with(n the time apecified In paragraph 146(1),retum Signed Copies of the Statutory and Lead Olacbsures to SeAer.
(3) In the event Se1er, prfot to Cbse Of Eacrow, becomes aware of adverse condidons materielty aHedinp tha Property, or eny mete�fal
inaxuracy in disdosures, information or representattons previously provided to Buyer, SeUer ahaH prvmptly provide a subsequeM or
arr�nded dlsclosure or rwtice,in writing,covering those items.However,a subsequent ar amended disctosure ahafl not be requlred for
conditlons and mateNai inaccuroclea of which Buyer is othervvise aware,or whkh are dtsdosed in repo�ts provided to or obtatned by
Buyer or ordared end patd for by Buyar.
(4) If a�y disclosure or notice spedfled In BA(1},or subs�uent or amended disclosure or notice fs Deliverad to Buyer after the ofter is Signed,
Buyer shail have ihe cight to cencel this Agreemeirt witl�in 3 Oays After Detivery In pe►son,or 5 Days After Defivery by deposit in the mall,by
giving written notice o(canceilatlon to Seller or Seiler's agerrt.
(5) Note to Buyer and Seller.Walver of 5latutory and Lasd Disclosuras Is p►ohbltad by I.aw.
B. NATURAL AND ENVIRONMENTAL HAZARDS:VVtUdn fhe time specified in paragraph 14A,Seller shali,'rf required by Law:(I)Deqver to Buyer
earthquake guides(and questlonn�re)and environmerKel hazards b�klet;pt)even if exempt from the obHgatlon to provide a NHD,disclose if
the Property is located in a Spec�al Flood Hazarcf Area; Patential Flooding (Inundati�) Area; Very High Fire Hazard Zone; State Flre
Responsibi6ty Area;Earthquake FauK Zone;Selsmic Hazard Zone;and ptl)disdose any Wher zone as required by Law a�pro�ride any other
lnfortnetbn required for those za�es.
C. YVITHHOLDING TAXES: Within the time spedfied in paragraph 14A, to avoid requlred withholdtng, Seller shali DelNer to Buyer or qualifled
substttute,an atfidavit suffident to compiy wlth federal(FIRPTA)a�Caiifornia withhdding Law,(CAR.Form AS or QS).
D. MECiAN'S LAW DATABASE DISCIOSURE:Notica:Pursuant to 3ecUon 290.48 of the Penal Code,in(ormation about speafied reglstered sex
oflenders is made avaitabte W the pubUc vta an tMemet Web site maintained by the DepaAment of Justice at www.meganslaw.ca.gov.Oepending
on an offenders criminai history,this informatlon wiq indude either the address at which Uie offender resides or the communty of residence and
21P Code in which he or she resides.(Nelther Selier nor Brokers are required to c�eck thls websHe.tf Buyer wants furfher InformaBon,Broker
recommends that Buyer obtain iMortnetlon from this website during Buyers inspectlon crontlngency psrtod.Brokers do not have expertise in this
area.)
7. CONDOMINIUM/PLANNED DEVELOPMENT DISCLOSURES:
A. SELLER HA3:7(�� )Daya After Acceptance to disdose to Buyer whether the Prnperly ts a condominlum,ar is Incated in a
platmed devefopment or a re�mrtan�Merest subdiWsfon(CA.R.Fortn SPQ or SSD).
B. N the Property is a caidominium or is fxaled irt a planned development or other c�mmon interest subdivi�on,Seiler has 3(or❑ )
Days After Acceptanoe to request from ihe HOA(C.A.R.Fortn HOA):(I)Coples of arry documents required by Law;(in discfosure o ar�
or antfcipated clatm or Iftlgation by or egeinst Uie HOA;(tl()a statement confeining the locatlon end number�designated paHctng and storage
spaCes;(Iv)Copfes of the most recerri 12 monU�s of HOA minutes for regular and spedal meetlngs;and(v)the names and contad infarmetlon ot
ait HOAs goveming the Properly(cdlecHvey,"CI Disdosures').Seiler ahap ilemize and Delhn�W Buyer ait Ci Disdosuras received trom the HOA
and amr CI Disciosures in Seller's passessbn.Buyer's approvai of CI Disdosuras ia a contingency of this Agreement as spedfled In paragraph
14B(3).
8. ITEAAS INCLUDED IN AND EXCLUDED FROM PURCHASE PRICE:
A. NOTE TO BUYER AND SELLER:Items flsbed as inclt�ed or exduded in the MLS,flyers or marketlng materials are not included In the purdiase
price or ezcluded from the sale unieas spedfied in 88 a C.
B. ITEMS INCLUDED tN SALE:
(1� Ail EXISTING fl�Aures and}ittlngs that are attached to the Property;
(2) FJCISTtNG electrical,mechanicai, qghting,plumbU�g and heatlng fixtures,ceiling fans,fireplace insetts,gas logs and grates,soler systems,
budt-in appliances,window and door screens,awnings, shutters,window coverings,attached floor coverings,television aMennas,sateUite
dishes, prhiate integrated ielepho�e aystems,atr coolers/conditfaners,pool/spa equipment,garage door opanerslremote crontrols,ma�bax,
in�round landscaping,trees/shrubs,water s�leners,water puAfiers,securily systemslalartns;(If checked�stove(s), �refrigerata(s);and
(3) The f011owing additbnel items: rSo2ar Svatee 3f �ociicab2e
(4) Seller represents that a11 ilems induded In ihe purchase prloe,unfess othervvise speclfred,are ownad by Seiler.
(3) Aii 8ems induded sheN be transferred free of 6e�and wNhout Seiter warranty.
C. ITEMS EXCLUDED FROM SALE:Un6ess othervvise specified,audio and video camponents(auch aa flat scraen 7Vs and speakers}are exduded
ff any such kem is not kself attached to the Property,even ff a bracket or other mechanism at�hed W ihe componer►t is attached to the Propertyr;
and
Buyers initials( )( ) Selfe�Initiats( )( ) �
caPyr�to�ss�-zo�o,CALIFORNIAASSOC1ATiONOFREALTORS�INC. �
RPA-CA REVISED 4H0(PAtiE 3 OF 8) �� Q�'° �rr
CAUFORNfA RESiDENTIAL PURCHASE A(iREEMENT(RPA-CA PAGE 3 OF 8) 4384fl Bluebcrt
DRAFT FOR DISCUSSION
Property Address: 12o�a a��.3.c.�, nr on izi90 cosa.n a,ys. � o: 7�5�2 lLing Firl�r Cir O8�' �y 23, 2023
9. CONDITtON OF PROPERTY:Unfess oNrenrdse apreed:p)tlia PropeKy Is aotd{a)tn tis PRESENT physlcal('as-is'�condition as of the daLe of
Accaptancs and(b}subject to Buyers IevestlgsUon rights;(Iq the PropeRy.including pool.spa.landscaping and grounds,is to 6e maintained in
�bstantiafly the sama con�tlon es�the date of Acoeptance;and(Nn ali debris and personai property not ir�cluded in the sale aha8 be removed by
Seller by Cbse Of Escrow.
A. Selier sheN,w(tF►in the tlme specNied in paragraph 14A,DtSCLOSE KNOWN MATERIAI FACTS AND DEFECTS affecHng the Property,fnduding
known insurar�ce daims withk�the past flve years,and make any and all other dfsdosures rec�ired by iaw.
B. Buyer has the right to inspect the P�operty and,as spedfled in parap�aph 14B,besed upon inFortnetion discovered tn Ihose inspections:(i)cancel
thfs Agreement;or(D)request that Seller rt�ke Repairs or take othar action.
C. Buyer Is stra�gy advlsed!o conduct Imrestigatlons of the entlre Property M order to determine Its present conditfon.Seller mey not be
awara of ati defects a�ting tfie Property or other factors Ntat Buyer cor�siders ImportaM.Proparty Improveme�rts may not be bullt
eccordkig to coda,in com�rlianca wlih curront Law,or hays had permMs Isaued.
10.BUYER'3 INVESTIGA7fON OF PROPERTY AND NIATTER$AFFECTING PROPERTY:
A. Buyer's acceptance of ihe condRion of, and any otl�er matter affecNng the Property, ts a conttngency of this Agreement as specifled M this
paragraph and paragraph 14B.Within the time speclfled in paragraph 148(1), Buyer shall have the right,at Buyets expense unless otherwiae
agreed,to conduct inspections,investlgatlons,tests,surveys and other studles{"Buyer Investlgetlons"j,InciudMg,but not Ilmlted to,the rfght to:
(Q inspect for lead-besed paint and other leed-based paint hazards; (il) inspect for wood destroying pests and organisms; (Ilt) review the
registered sex offender database;(iv)co�irtn the insurabHfty of Buyer a�xl tha Property;and(v)satls(y Buyer as to any matler specifled in the
attached Buyer's Inspedlon Adv(sory{C.A.R.Fortn BIA).Wlthoul Seller's prior wrllten consent,Buyer shail neither make rror cause to be made:(Q
invasbe or destructive Buyer Investlgattons;or(in inspectlans by any govemmental buiiding or zoning inspector or govemment employea,unless
requlred 6y law.
B. Selier shaN make the Property availeWe for all Buyer Inves6gations.Buyer shall(i)as speafled in paragreph 148,compiete Buyer InveatigaUans
and,e�her remove the contingency or caneel this Agreement,end(II)give SeNer,at no cost,complete Coples of aii Invesiigatbn reports obtained
by Buyer,which obHgadon shall survive the terminadon of thia Agre�nent.
C. 5elier shatl have water,gas,efechicity and afl operable pilot lights on for Buyers Investigations and through the date posseasion fa made
available to Buyar.
D. Buyer[ndamaity and Setler protactlon far entry upon propa�ty:Buyer shafl:{n keep the Property free and dear af liens;(fl)repair ati damage
arising from Buyer Investigatlons;and(111)indamnify and hold Seiter harmlesa tran all resu8ing IIaWNty,ciatms,demands,damages and costs ot
Buyer's InvesHgations. Buyer shali carty, of Buyer shali require anyone acting on Buyer's behaH !o carry, policies ot Ilabiifty, woMcers'
compensation and other applicabfe I�surance,defending and protectlng Seper hom Nabfiity for any injuries to persons or propetly occurtfng during
amr Buyer Investigallons or wwk done on the Property at Buyer's direction prior to Close Of Escrow.Seller is adviaed that certain protectlons may
be atfotded Seliar by recading a"No4ce of Non-responsibi6ty"(C.A.R.Fortn NNR)for Buyer irneadgetlons and work dor►e on tt�Property ai
Buyer's directlon.B�iyer's obHgaUons under thls paragreph shall survive the lerminaibn or canceUaUon of this Agreement and Ciose of Escrow.
11.SELLER DISCLOSURES;AODENOA;ADViSOWES;OTHER TERAAS:
A. Seller Disctosures„jif checkedl:Seller shall,withln the time speafied in paras�raph 14A�complete and provide BuYer wlih a:
�Se6e� Question�aire C.A.R.Fortn SPQ OR �Su meMai Contraduat and Siatu Disciosure C.A.R.Fortn SSd
B. Addende if CheC Addendum# 2 (C.A.R.Farm ADM
Wood Destroying Pest inspecdon and AlloceUon of Cost Addent�m(C.A.R.Form WPA)
Purchase ent Addend�xn C.A.R Form PAA S 8c Well and Manument Adderrdun CA.R.Form SWPI
Shart Sale Addendum(CA.R.Form SSA) ❑Other
C. /idvisortes(If checked): �Buyers insvection Advisory fC.A.R.Form BIA)
❑Probete Advis CA.R.Fotm PAK Statewide B and SellerAdvis CA.R.Form SBSA
Trust Advisay(CA.R.Form TA) ❑REO Advisory(C.A.R.Fortn REO�
D. Other Terms:
12 TITLE ANO VESTiN�i:
A. Witt�(n U�e time spedfied in paragraph 14,Buyer shall be provided a curreM preliminery title report,which shell include a search of the General
fndex.SeHer ahali wRhin 7 Days After Acceplance give Escrow Hotder a oompieted Statement ot Infortnatlon.The preliminary report is oniy an
ofler by the titie ins�xer to issue a pdicy of title insurance and may not cor�tain every item affecting title.Buyer's review of the preliminary report
and airy olher metlers which may af6ect title are a cont�gency of this Agreement as spedfied in perapraph 14B.
B. TMIe is takeh k� its present conditlon subject to ali enarnbrences, easemeMs, covenaMs, condiUons, r�Metions, rights and other mattets,
whetner of record or not,as of ihe date of Acceptance ezcept:(I)monetary I�ns of recad unless Buyer is assuming those obligatlons or taking
lhe Property subject to those obligatlons;and(IQ thoae meflers which SeBer has agree�to remove�writing.
C. Within ihe time specifled in paragreph 14A,Seller has a duty to diacbae to Buyer all matters known to Sefler aftecting Utle,whether oi record or
not.
D. At Cioee Of Escrow, Buyer shall recelve a grant deed conveying dde (or, for stock cooperaUve or long-tertn fe�e, an assignmeM of stock
ceNficete or of Sellers leasehoid iMerest),induding oll,mine�at and water rights if currendy owned by Sellar.Tflle shali vest as designeted in
Buyer's supplemental esrxow i�trudions.THE MANNER OF TAKING TfTI.E MAY HAVE SIGNIFICANT IEGAL AND TAX CONSEQUENCES.
CONSULT AN APPROPRIATE PROFESSIONAL.
E. Buyer shafl recefve a CLTNALTA Homeowner's PaAcy of Title Insurance.A t1Ge cor�any,at Buyer's request,can provtde tnformation about the
avallaWlily,deskability,coverage,survey requiremeriffi,and c�st of va�lous tNle Insurance�verages and endorsements. tf Buyer desires title
coverape other than that required by this paregraph,Buyer shall insiruct Escrow Hdder in writing and pay any incresse in cost
13.SALE OF BUYER'S PROPERTY:
A. This Agreemant is NOT oontingent upon the sate of any properly owned by Buysr.
OR B, ❑(If checked):The attached eddendum(C.A.R.Fortn COP)regarding fhe coniingency for the sele of property owned by Buyer is incorporated
into this Agreement.
Buyers InHiais( }� ) Setfers IniUals( ?( ) �
CopyApM O tY91-4D70.CALIFORNIA A330ClATION OF REALTORSm,INC.
RPA-CA REVtSED d/10{PAGE 4 OF 8i �'�� � a�r�r�
CALIFORNfA RESIDENTIAL PURCHASE AGREEMENT(RPA-CA PAtiE 4 OF 8) 43840 Blueberr
DRAFT FOR DISCUSSION
P�m//��ggg: t207S Hov2�y Gard�aa Dr or IT190 Gold�n Iagl• Ln os 79572 1Cing Ft�hoz Ctr D8t6' LKay 23,_ 2013
14.TIME PBRIODS: REMOVAI OF CONTiN(iENCiES; CANCELlAT10N RlOHTB:The foitowing dme perlods may oMy bs exl�ndsd,altsred,
mo�Mlied or chanpad by mut�l wtlasn a@roem�nt Any removai ot coMlnpendes or�anaelladon under fhk parapraph by ei�er Buyer or
SMer must ba exercipd fn good taitl+and M writlnp(CA.R.Form CR ar CC).
A SELLER NAB:7{or� IS )Days Afler Accepf�ce to Oefiver to Buyer aii Reports,dlsdosures and i�(ortnetbn for whiah Setler is
responsible under paragraphs 4,6A,B and C,7A,9A,11A and B,and 12.Buyer may give Setter a NoNce to Seller to Perf�m(C.A.R.Form NSP)
if Seller has noi Deilvered the Ifems witl�in ihe time specffied.
B. (1) BUYER HAS:17(or� j Days After Acceptance.w,tess oa,erv�se a9reed�n wri�,to:
(p complete ali Buyer Investigffi'ans;approve all disctosures,reports and other appticable information,which Buyer recelves from Seiler,and
approvs all ather matte►s aifecting the Properiy;and
(iij Deliver to SeBer Signed Copfes of Statutory and Lead Disciosures Detivered by Seller in accoMance wtth paragraph BA.
(2) Ulfithin the tirne sp�ified in 14B(1 y,Buyer may request that Sefler make repalrs or take any other action regarding the Property(C.A.R.Form
RR}.SeNer has no obllgeHon to agree to or respond ta Buyer's tequeab.
(3) UVithin the Bme specHfed in 14B(1)(or as othetwlse specified in thls Agreemen!), Buyer shatl Detiver to Seller eitF►er(ij a removat of the
appUcable condngency(C.A.R.Fortn CR),or{li)a canceliation{C.A.R.Form CG)of thls Agreement besed upon a condngency or Seller's
fa0ure fo Deliver the specified items.However,if arry report,disGosure or iMortnetfon for which Selter Is responsible Is not Dedvered wiM�in the
time specHied In 14A,then Buyer has 5(or� )Days Af�r Delivery of any such items,or the time spedfled in 14B(1),whichever
is later,to Deliver to SeYer a removal af the appGcable oontlngency or canceltation of this Agreement.
(4) ConU�uaHon af Contlngency:Even after the end of the time spedfied in 148(1)and before Seller cancels this Agreement,N at ali,puraueM
to 14C,Buyer retains U�e right to either(i)in wrlting remove remainMg contlngencies,or(li)cencel this Agreement besed upon a remaining
cantingency or Seller's tailure to Deliver the speclfled terms.Once Buyer's writlen removaf of ali canqngencies is Detivered to Seiler,Selier
may�ot cancel this Agraement pursuant to 14C(1).
G. SELLER RFGHT TO CANCEL:
(1) Seilsr Nght to Cancet; Buyer Contlngenclss: If,wi�in tlme specifled tn this AgreemeM, Buyer does not, in writlng,Deiiver io Seller a
removal of the appllca6le contlngency or cancellatlon of this Agreement then Seiler,after first Delivering to Buyer a NoUce to Buyer W Perform
(C.A.R.Form NBP)may cen�i fhis Agreemenk in such event,Seller shail authorize retum of Buyers deposft.
(2) Seller ripht ta Cancal;Buyar Contract Obitgatlons:Seller,a(ter flrst Detive�ing to Buyer a NBP mey cancei thls Agreement for any of the
toNowi�reasons:(q iF Buyer falis to deposit funds as required by 3A or 3B;(il)if the funds depasfted pursuant to 3A or 38 are not good when
daposiied;(iil}i(8uyer fails to Deliver a notice of FHA or VA costs or tertns as required by 3C(3)(C.A.R.Form FVA);(tv}if Buy�fails to
Deliver a letter as required by 3H;(vj N Buyer fails to Deliver veNficetlon es requtred by 3G or 3J;(vi)if Seqer ressonably disapproves of the
verificatbn provfded by 3G or 3J;{vlq If Buyer fails to retun Statutory and Lead Disclosures aa requlred by paragreph 6A(2};or{vtli)If Buyer
falis to sign w inidal a separate ilquidated damage(orm for an increased deposq as required by paragraphs 3B and 25.in such event,Seller
shall suthorize retum of Buyers deposft.
(3) Notica To Buyw To Perform:The NBP shall:(i)be ln writlng;(11)be signed by Seller,and(Iil)give Buyer at least 2(ot Q j Day�
After Detivery(or unUl the tGne specified In the appticable paragraph,whichever occurs last)to take tl�e applk�ble action.�y not be
Delivered any eartler ihan 2 Days Prior to the expiration of the ap�icable Ume for 8uyer to retrwve a cor�h►gency or carroel this Agreement or
meet an obligaHon specifled in 14C(2).
D. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES:If Buyer removes,in writinp,arvy oonGngency or can��atbn rigMs,uMess othetwf�
spedfied In a separete written agreement�lween Buyer end 3eller,Buyer shalt wah regard to that contlngency or canceilatlon right conclusively
be deemed lo have:(Q completed ali Buyer Investlgatlons,and revfew of reports arxf other applicable fnformatlon and disclosures;(fl)elected to
proceed wAh the transacUon;and(Iln assumed all IiabilRy,responsibility and expenae for Repars or corredions or for inab�7iry to obta(n flnancing.
E. CL04E OF ESCROW: Before Setler or Buyer mey canoal this Agreement for faqure of the olher party to cbse escrow pursuent to th(s
Agreement,Seller ar Buyer must ftrat give Ihe other a demand to close escrow{C.A.R.Fortn DCE).
F. EFFECT OF CANCELLATION ON DEPOSITS:N Buyer or SeNer gives written natk:e of cancellaUon pursuant to r(ghts duly exerdsed under the
ierms of this Agreement,Buyer and Seller apree to Sign muU�al instructions to cancel the sale and escaow and release deposifs,N any,to the
party entitled to fhe funda, less fees and costs incurred by that party. Fees and cosis may be payable ta service provkiers and vendors for
serv�es and products provided during escrow. Reieete of funds witi require mutuat Slgned nlasw Instructtons bom Buyer and 3elfer,
judlctal decislon or arbllratlon award.A Buyer or Selier may be subject to a civfl penalty of up to:1,OOd for rafusal to slAn such
instructbns ff no good fatth dlspute exlsts as to who Is sntitled to tns daposltad funds(Clvll Code§105T.3).
15.REPAIRS:Repeirs sheli be compteted p�ior to finai verification of conditlon unless othervvise agreed in writlng.Repelrs to be performed at Sellers
expense may be perfortned by Seller or lhrough dhers, provided that the w�k campiies with appiicabie Law, including govemmentel pertnit,
fnspectbn amd approvat requirements.Repeirs shatl be pertormed in a good,skififui manner wilh matertals of quaNty and appearance comparable to
existlng metefia�.It is understood that exact restoratlon of appearance ot cosmeUc kems followfnp ail Rapsirs may not be possible.SeHer shall:(t)
obtain t�etpts for Repairs perfo►med by dhers;(In prepare a written statement indicahnp the Repatrs perfortned by Selier a�the d�te of such
Repairs;and(III)prrnride Copies of receipts and statemeMs to Buyer prior to finai veriBcation of condiUan.
�g,FlNAL VERIFICATION OF CONDtT10N:Buyer shall heve the right to make a flnel k�.spection of Nie Properly wtthln 5(or )Daya Prior
to Close Of Escrow,NOT AS A CONTINGENCY OF THE SALE,but soley to confirm:(t)the Prope�iy is meintained punwant to pa�agraph 9;{tt)
RepaiB have been canpleted as egreed;and(01)Seller has oomplied wifh Seders other obtigatlats under lhis Agr�ment(C.A.R.Form VPy.
17.PRORA7iON3 OF PROPERTY TAXES AND OTHER ITEM3:Unless othervvise agreed k�writlng,the followtng kems shafl be PAID CURRENT and
prorated between Buyer and Seller as of Close Of Eacrow:�property taxes and assessments,interest,rents,HOA reguler,apedal,and emergency
dues and assessments imposed prior m Close Of Escrow, premiums on insurance assumed by Buyer, payments on bonds and assessments
assumed by Buy�,and peyments on MeBo-Roos and other Special Assessment District bonds and assessments that are a current den.The fo�owing
items shall be assumed by Buyer WITHOUT CREDIT toward the purehase pric�:prorated payments on Melb-Roos and dF►er Speaal Assessment
District bonds and asaessmeMs and HOA speciai assessmeMs that are a current ilen but not yet due.Properly wilf be reasseseed upon change of
ownership.My supplemental tax biNs shaEl be peid as foNows:(n for pe�iods after Cfose Of Esaow,by Buyer,and(11)for periods prior to Close Of
Escraw,by Setier(see C.A.R.Form SPT or SBSA for further infortnationj.TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED
DIRECTLY BETWEEN BUYER AND SELLER.Prorations shalt be made based on a 30-day month.
Buyer's fnftials( ){ ) Seliers IniHals( )( } �
�
CopydpM O f987-ZOSO,CAI.IFORIlA ASSOCiATiON OF REALTORS�INC.
RPA�CA REVISED 4l1p(PAt3E S OF 8) R��� �8 ��r"w°�°irr
CALiFORN1A RESIOENTIAL PURCHASE AGREEMENT(RPA�CA FAGE 5 bF 8)
DRAFT FOR DISCUSSION
prppe�y qd��: aaa�s aooi.x a�a.n, rn or {1190 6oldan Tagl� r�, or 7Q372 2Gtiag 8ish�r Cir �8te, �y 23, 2013
18.SELECTiON�8ERVICE PROYIDERS: Brokers do not guarantee tl�e perfom►ance of any vendors, service or product provtders(`Provtders"),
whether referred by Broker or selected by Buyer,Seller or other person.Buyer and Seiter may select ANY Prariders of thek own choosing.
19.MULTIPI.E IISTiNG S£RHICE("MLS"):Brokers are authorized to report to the MLS a pending sale and,upon Cbse Of Escrow,the saies price and
ather terms ot this VansacNon shafl be provided to the MLS to be published and disseminated to persons and enUUes authorized to use the
informatlon on terms apprwed by the MIS.
20.EQUAI HQUSING OPPORTUNITY:The Properly is sdd M compliar�e with fedarai,stete and bcal antl-�scrimirratlon Laws.
21.ATTORNEY FEES: In any action,proceeding,or arbitratton between Buyer and Seller arts(ng out of lhis AQreement,the prevall'inp Suy�or Seiler
shall be entit�ed to reasonable attomey fees and costs irom the non-prevailing Buyer or Seller,except as provided in paragraph 26A.
22 DEflNITfONS:As used In this Agreement:
A "Aeceptenca"means the time q�e oBer or tinaf counter offer is accepted in writlng by a party and is deiivered to and personalty receivad by the
oth�party or that partys authaized agent in acoordence withh the terms�ih(s dler or e finat co�mter oNer.
B. "C.A.R.Form"means the specNfc fam referenced or another oompa�able fortn agreed to by the partles.
C. "Ciose Of Eacrow"means the date the grant deed,or other evidence of transfer oi Htle,is recorded.
D. "Copy"means copy by any means including photocopy,NCR,facsimile and electranic.
E. "Days"means calendar days.However,ANer Acceptance,the last Day for perfortnance of arry act required by this Agreement(including Close
Of Escrow)shaii not indude any Saturday,Sunday,a legal holday and shatl lnstead be the ne�ct Day.
F. "Days ARer"m�ns the specified number of celendar days after tha occurtence of the eveM sped8ed,nof counting the calendar date on wh�h
the specNied everrt occurs,and e�ding at t 1:59PM on the final day.
G. "Days Prtor"means the specified nurt�er of calandar days before the occurrence of the event apecifled,not coundng the calendar date on which
the specified event is scheduled lo occur.
H. "psilver","Dsitvered"or"Dellvery",regardless of the method used(i.e.messenger,mail,emaH,fax,other),means and ahall be effective upon
(i)personal receipt by Buyer or Seller or the individual Real Estate Llcensee for that princfpal as specifled in peragraph p of the sectlon tltled Real
Estete Brokers on page 8;OR(il)M checked,Q per the aUached adderMum(C.A.R.Form RDN).
1. "Electronlc Copy"or"Elactronle Signatura"means,as appikable,an electronic copy or slgnature comptying with Califomia Lew.Buyer and
Seiter agree that electron�means wNt not be used by either party to modNy or aQer the content or integrity of this Agreement without the
krrowledpe and oonaent of the od�er p�ly.
J. "Law"mea�any Iaw,code,staWte,ordi�ance,regutadon,rute or orclar,wMch is adopted by a controli(ng city,cou�ty,atate or federaf legislalive,
judkk.ial or executive body or agency.
K. "Ropalra"means any repairs(inctuding pes!conlroq,aflerations,replacements,modifications w retrofdting of the Property provided for under thls
Agreement.
L. "Signed"mea►►s either a handwritten or electronic signature on an ariginai documeM,Copy a a�y counterpert.
23.BROKER COMPENSATiON: SeUer or Buyer, a both, as appBcabie, agrees to pay compens�iai to Broker as speclfied in a separate written
agreemerri between Broker arnf that Seiler or Buyer.Compensatbn Is payable upon Close Of Escrow,or if esctow does not cloae,as otherwfse
specified in the a�eetf�nt belween Broker and that Setler or Buyer.
24.JOiNT ESCROW INSTRUCTIONS TO ESCROW HOLDER:
A. The following paragraphs,or appllcable pordons thereoi,of this Apreement constftuta the Jolnt escrow Instructlons of 8uyer and Sefier
to Escrow Holder,which Escrow Hotder is to use along with any related couMer offers and addenda,and any addidonai mutual inshucUons to
dose the escrow:1,3,4,6C,11 B and d,12,13B,14F,17,22,23,24,28,30,and paragraph D of the secdon tltled Reai Estate Brokers on page
8.if a Capy of the separete compensation egreement(s)provided for in paragreph 23,or paragreph D of the secdon tiUed Reai Estate Brokers on
page 8 is deposited with Escrow Hoider by Broke�,Eacrow Hdder shaH accept such agreemeni(s)and pey out of Buyer's or Seller's funds,or
both,as applicabie,the respective Broker's wmpensation provided tor in such agreeme�t(s).The iemis and cont�llons ot this Agreement not
specffically referenced above,in the spedfled paragraphs are additiw►al matters for the infortnation of Escrow Holder,but ebout whid�Escrow
Holder need not be concemed.Buyer and Seaer wIU recelve Escxow Hoider'a gsneral provlaior►s directly hom Escrow Hoider and wili execute
such provfalons upon Esaow Hoiders request.To the extent ihe genaral provisions are inconsistent w conflid witl�this Agreement,the general
provisions wiit control as to the dutles and obflgatlons ot Escrow Holder only.Buy�and Selier wlif exeeute additlonal instructlons,documents and
fom�provided by Eacrow Hdder thet are reasonffily neoeasary to close the es<xow.
8. A Copy of this P�greemerd shall be delivered to Escrow Hdder wNhin 3 business days aRer Acceptance(or �
�Escrow Hdder shaA provide Sellers Statement of
infortnadon to Tide company wF�received from Sefler.Buyer and Selier authorize Escrow Hoider to accept and rely on Copies�d Sigrratures
as deflned In this Agreemertt as originals,to open esaow and for other purposes of escrow.The validity of N►is Agreement as beMreen Buyer and
Seller is not aifeded by whether or when Escrow Holder Signs thia Agreement.
C. Broicers ere a paAy to the escrow for the soie purpose�compensatlon pursuanl to peragraphs 23 and paragreph D of the sectlon titled Reel
Estate Brokers on page 8.Buy�and Seller irrevocabiy aasign to Brokers compensaUwi specified in paragraphs 23,respectively.and irrevocably
insWct Eacrow Holde�to disburse those furbs to 8rdcers ffi Cbse Of Escrow or pursuant to any other trw�eNy execuled canceliation agreement.
Compensadon instructions cer►be emended or revoked only wilh the written consent of Brokers.Buyer and Seller shail release and hofd harmless
Escrow Hokfer ham any Ila6ibty resuRing from Esaow Holders paymeM to Broke�(s)of compensetlon pursuant to this Agreement.Escrow Ho�er
shall immed(ately noti(y Brokers:(i)If Buyer's InHial or any add�lonal deposit is not made pursuant to this Agreement,or is not good et tlme of
depoaR with Escrow Hokier;or(Ilj if either Buyer or Selier instnict Escrow Hofder to c�ncei escraw.
D. A Copy of any amendment thai affeds any pa►agraph of this Agreement tor which Esa�v Hoider is responsible shait be delivered to Escrow
Holder wNhin 2 busi�ss days after rtwtual execution of the amendment.
Buyer's Inidak( j( ) Sellers tniUals{ )( ) �
cq�gh�o i��-zmo.CAUiORN1A ASSOCNTION OF REALTORSO,u�c. �
RPA-CA REIRSED 4hQ(PAGE B OF 8)PHnt Date Reviewed by oate ��
CAUFORNUI RESIOENTIAL PURCHASE AGREEMENT(FtPA-CA PAGE 6 OF 8J
DRAFT FOR DISCUSSION
�f0�91'�/ad�BS; 41075 Haolsy Gard�ns Dr or 42290 Goldon Eaglo Ln or 71372 Riag FfsLsr Cir �tg; MAy 23, 2013
Z5.LIQUIDATED DAMAGES: N Buysr fails to complete tids purchase because of Buyer's detauk, Selier shall rctain. as
liquidatad damagsa.ths deposit sctually psNd.If fhe Prape�ty Is a dweiNng wkh no more than four units,on+a of which Buyer
h�tends to o�upy,then the amount r+etained shaN be�more than 3%af ti�e purochase price.Any excess shail be returr�ed
to 8uyer.Release of tunds witt requfre mntual,Signsd release ir�tructbns fran both Buyer and Selier,judicial decision or
arbitratlon avraM.AT TIME OF THE INCREASED DEPOSIT BIfYER AND SELLER SHALL SIGN A SEPARATE LIQUtDATED
DAMAGES PROVISION f�t ANY INCREASED DEPOSIT.(C.A.R.FORM RID).
rs Inidala / Ssp�ra initials /
�.DISPUTE RESOIU?ION:
A MEDIATION:Buyer and Seiler agree to mediate any dispute or cleim a�isino between them out of Ihis Agreement,or any resultlng transecdon,
befa�e resatlng to arblt�on nr court actlo�.Buyer and Salier aJso ag�n to madlab any disputes or cialms wlth Broker(s�,who,in wrlNng,
agree to such madlatbn pHa to,or wlthin a ressonable ttme after,tha dispube or c(etm Is prosented to the Broker.Mediation fees,if arry,
ahall be divided equaHy arnong the parties involved.H,for�y dispute or claim to which ihis paragraph applles,any party(i)commer�es an action
without fhst attempdng M resdve the matler through mediatlon,or(N)before commencemerU of an ac6on,refuses to rt►ediate efter e requeat has
been made,then that perty shsll nat he entlUed to recover attomey fees,even H they wouid otherwlse be available to that party In any such actian.
THIS MEDtATION PROVISION APPl1ES WHETHER OR NOT THE AR8ITRATION PROVISION IS INITIALED.Exctusions nom thts mediatlon
agrsemaM are speeifled In perayraph 26C.
B. ARBtTRATION OF DISPUTES:
Buyer and Seller agree that any diapute or c1alm In Law or equlty arlsing between them out of tt�ts AgreemeM or arry
resu(ttng Vansactlon,whtch is not settled through med(ation,shail be decided by neutral,binding arbitration.Buyer and
Seller alao agree to arbitrate any dtsputes or clatms with B�oker(s},who,iee wrtting,agree to sueh arbkration prior!o,or
within a reasonabie time atter,the dispute or ctaim Is presented to tl�e Broker.The arb3trator shall be a retired judge or
justice,or an attomey w(th at least 5 years of residential real estate Law experience,untess the parttes mutually agree to
a different arbitratoa The parttes shall have the right to dtscovery in accordance with Code of Ctvil Procedure§1283.05.
In all other respects, the arb(tratlon shalt be conducted in accordance with Titk 9 of Part 3 of the Code ot Ch+it
Proceclure.Judgment upon the award of the arWtrator�s)may be entered into any court havtng)uNsdiction.Enfwcement
of this agreemeM to arbitrate ahall be governed by the Federal Arbitratlon Act. Exciuslons from this arbitration
agreement are speciffed in paragraph 26C.
"NOTICE:BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT
OF THE MATTERS INCLtiDED IN THE'ARBITRATION OF DISPUTES'PROVISION DECIDED BY NEIJTRAI ARBITRATION
AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIYING UP ANY RIGHTS YOU MtGHT PQSSESS TO HA1� THE
QI3PUTE UTiGATED IN A COURT OR JURY TRIAL BY tNI71Al.iNt3(N THE SPACf BELOW YOU ARE GMNG UP YOUR
JUDICtAL RIGHTS TO DISCOVERY AND APPEAI., UNLEBS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE
'ARBITRATION OF D15PUTES'PROVISION.IF YOtI REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO TtIIS
PROVISION,YOU MAY BE COMPELlEO TO ARBITRATE UNDER THE AUTHORIIY OF THE CALIFORNIA CODE OF CML
PROCEDURE.YOUR AGREEMENT TO THIS ARBITRATION PROVIStOM 18 VOLUNTARY."
"WE HAVE READ AND UNDERSTAND THE FOREGOMG AND AGREE TO SUBMIT DISPIJTES ARISING OUT
OF THE MATTERS INCWDED IN THE'ARBITRATION OF DiSPUTES'PROVISION TO NEUTRAL ARBITRATION."
Bu er's IniNats / Ssifers Inidals !
C. AODRIONAL MEDIA'T10N AND ARBRRATION TERMS:
(1) EXCLUSIONS:The follaMng matters shaN be exciuded from medladon and arbitratlon:(�a Judiclai or non�udklaf(oreclosure or
other actlon or proceeding to enforce e deed of M�st,morlgage or I�ntailment land sala eontraet as defined In Civil Code�2965:(in
an unfawfut dsta�er acHon;(iln the fliing or enfon:ement of a mechanic's tien;and(Iv)a�ry matter that Is wtthin ths juHsdlctbn of a
probab,small cialma or 6�ankruptcy court.The fitlng of a coun action to enable the reeoMk�g of a notice of ps�Ming actlon,tor
order of atfachrrNrN, recetvarship, InJuncdon, or other prov(alonat remedies, shali �ot constitute a walwr or violatlon of ttw
mrdlatton and arbftration provlafons.
(2) BROKERS:Brokers ahali not ba obNgated or compelted to medlata or arbltrate unless thsy agne to do so In wrltlng.Any Broker(s)
partldpating In mediaUon or arbitratla�ahail not be deemed a party to the Agnesment
27.TERM3 AND CONDITIONS OF OFFER:
This is a�offer to putG►ase fhe Property on the above tertns and conditlons.The Iiquldeted dsrnages paragraph ar the arbilration ot disputes
parapraph is incorporated In this Agreement i(InfUaled by ail pahbes or if Incorporated by mutuai agreert�ent in a counter offer or addendum.If at least
orre but nM ea partles initial such paragraph(s),a c�unter offer ts requlrad untli agreement is reached.Seller has the�ight to cont�ue to offer the
Property for sale and to accept any other oNer at any tlme prior to noUficallon of Acceptance.If this offer is at�epted and Buyer subsequenUy defautts.
Buyer may be responsible for paymeM of Brokers'compensation.This Agreement and any supplemeM,addendum or mod�cafion, includ'mg any
Copy.may be 3lgned in riw or rrare counterparts,aN of which shait constftute one and the same w►ittng.
28.TINfE OF ESSENCE; ENTIRE CONTRACT;CHANOES:Time fs of the essen�./W understandings betoveen 1he parties are incorporated ln this
Agreement.Ib temis are irnended by the pardes as e finaf,complete and exciusNe expression of their Agreement with respect to its subject malter,
and mey nat be contradicted by evidence of any�Or agreement or caitemporan�us orei agreement.If any provieion of this Agreement is hetd to be
ineffedive ar tnva�d,the remafning�sions wiA nevertheless be given full force and effect.Except as olhenvise specifled,thia Apreement shaii be
iMerpreted and dispufes ahall be resoived in accordance with the laws of the Stats of Caiifomla.NaiGwr this Agreement nor any provlston in i!
msy bs�tEanded,amand�l,modlflad,eftered or ehsn@ed,exeept In wrtting 81�ed by Buyer and Seiler.
Buyers Initials( )( ) SeNei's initials{ 1( ) �
CopyripM O/98f-ZOfO.CALIFORI�6A ASSOCIATION OP RE4170R5eC INC.
RPA-CA REUI8ED//10(PAt3E T OF 6) �°"�d� � ��"�
CAUFORNU►RESIDENTlAL PURCHASE AGREENENT(RPA-CA PAGE 7 OF 8)
DRAFT FOR DISCUSSION
properiy qddr,ggg: �so�s soYs.1.�u=a.n: rn o: 12290 !{o1d�a Z�gle La os 7�571 Xing FiaL�r Cir Date: May 23, 20.t3
Y8.EXPIRA?10N OF OFFER:Thls otfer shaq be deemed revaked�d the deposit shail be retumed unieas the oHer is Signed by Seli��d a Copy of Me
Signed oifer is personaily received by Buyer.or by ,who is
authoNzed lo receive it, by 5:00 PM on e ay r s er s s y uyer or, e�,[7 by
Q AM p PNl.on (�te))•
Buyer has read and acknowledges rec�eipt of a Copy of Uie offer and agrees W the above c�flrtnatlon af agency relatfonships.
Date Date
BUYER BUYER
A qualified loir or moderate i.ncome buyer
Print name) r nt nama)
Addroas
❑Addidonal 3ignature Addendum attached(C.A.R.Form ASA).
30.ACCEPTANCE OF OFFER:Seder werrants that SNler is the owner of the Property,or has the autho�ity to execute th(s Agreemeni.Seller accepts the
above offer,agreea to seil the Property on the above iertr�s and condkions,and agrees to the above confirmadon of agency retationships.Seller has
read and adcnowledges r�eipt o/a Copy ot tlNs Agreemant,and eutlwNzes Broker W Deliver e Signed Copy to Buyer.
❑(If checked)SI�.iECT TO ATTACHED COUNTER OFFER(C.A.R.Form CO)DATED:
Date Date
SELLER SELLER
Pa2m D+s�rt Xausina .►e�t�oritv
(Print namey ( nt name)
{Addross
O Addkional Si�ature Addendum attached(C.A.R.Fam ASA}.
( � ) CONFIRMATION OF ACCEPTANCE:A Copy of Signed Acxeptance was personaNy recehred by Buyer ar Buyer's authortzed
�InWals) agent on(date} at �AM �PM.A binding Agreement Is created when
a Copy of Slgned Acceptance Is pe►sonalfy reoelvad by Buysr or Buyer's authortxad agent whether or not confirtned In
this docurt�enG Completton of thls conflrmatlon Is�ot IeQalfy requirod in oMer to croate a bl��ny Agreement it Is sofely
Intended to avidence the date that Conflrtnallon of Accap�nce haa occurred.
REAL ESTATE BROKERS:
A. Raal Estab 8rok�rs are rat parties to tM Agnamant between Buyer and Seller.
8. Agency nladonships aro conflrmad as stated in parayraph 2.
C. If specified in p�agraph 3A(2),Agent who submitted the offer for Buyer acknowledges receipt of deposit
O. COOPERATINO BROKER COMPENSATlON:listing Broker agrees to pay CooperatMg&oker(Seiling Firm)and Cooperat�g 9roker agrees to
accept,out of Uatlng Broker's proceeds in ascrow:(I)the emount specifled in the MLS,provided Caoperadng Broker is a Partkk,ipant of the MLS in
whlch the Property is oHered for sale or a redprocal MLS;or(ii)[](if chedced)the amount spedfied in a separate written agreement(C.A.R.Form
CBC)behveen Listlng Brolcer and CoopereUng Broker.DeGeraUon of License mid Tax(C.A.R.Fortn DLT)may be used to document that tax repordng
wiq be required or that an exempUon exists.
Real Estate Broker(SeUfng Ffmi) DRE Lic.#
By DRE Lic.* Date
Address ity Siate
Telephone ax -ma
Real Estate Broker(UsGng Firtn) pRE L�.#
By c. Date
Addreas ity State p
Telephone ax -ma
ESCROW HOLDER ACKNOYYLEDGMENT:
Escrow Moider acknowledges recetpt of a Copy of this Ayreement,(if chedced,Q e deposit(n the amount of$ ),
counter olfer numbered , 0 Seller'a Sfatement of Infortrmtlon end �Otl��de�dtm �Z
,and aprees!o act as Eacmw Holder subjact W peregraph 24 of this Agreer�nt,any
supplemental escrow instructio�s and tl�e terms of Escrow Holder's generat provtsions if arry.
Escrow Holder is advised that the date of Confirtnation of Acceptance of the Agreem�t as beMreen Buyer and Selier is
Escrow Hdder soai & Escrow#
By 8a r Zaaaz Dete
AddreaB
PhonelF
Escrow Holder is licensed y the Calffom(a Department o �Corporatlons, nsurance,�Reai Estafe. Ucense #
PRESENTATION OF OFFER:( )Listing Broker presented this offer fo Selier on (date).
&oker cr Desipnee Ini�ab
REJECTION OF OFFER:( 1� )No counter oBer Is being made.Thls offer wes rejected by Seiler on (date).
seners i�aaats
THIS FORM HAS BEEN MPftOVED BY'fF�CALIFORNIA ASSOCIATION OF REALTORSm(CAR.j.NO REPRESENTATbN IS MADE AS TO TF�LEGAL VALIDITY OR ADEQUACY OF ANY
PROVISION M ANY SPEdFlC TRAN3ACTIdJ.A REAL ESTATE BROKER t3 THE PERSON CUALIGIED TO ADVtBE ON REAL ESTATE TRANSRCTIONS.IF YOU DE81RH LECsAt OR TAX MVICE.
CON�JITAN APPROPRIATE PROFESSiONAL
TMo iorai is aveiNde ia use by Ifm aMiro roe1�le�ind�aYy.It k rot Intentled to identNy fhs iser as a REAL70Fi�.REAI.TORW Is s replsMred oo6xtive msm6�fAip merk Wfkh mpy hs uqd o�y by
nrmbs�s of Ihe NATiONAI.ABSOCIA7IQN OF REAI.TORSO who wb�aibs lo Its Cotle of Edqcs.
� Pubished e1M D3sh�ll�ed by:
„ REAL ESTATE BUSINESS SERYICES,tNC. Revtewed by `
� e�ryoftlieC86dwn1eAasoc�etla►olRF1U.TOR9�
•525 Sdf9�Vi�g9 Avenue�Lo9 Mgeles.CeqfOmie 9002(1 erokar or Deeignee Date uu°"�rertr�w�p�10ir
REVtSiON DATE 4/10
CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT(RPA-CA PAGE 8 OF 8)
DRAFT FOR DISCIJSSION
� CALIF�RNIA
�; ASSOCIATION ADDENDUM
� OF REALTORS'�
� (C.A.R.Form ADM,Revised 10/01) NO. �
The fotiowing tertns and conditions are hereby lncorporatad in and made a part of the: 'i Residential Purchase Agreement,
❑ Manufactured Flome Purchase Agreement, ❑ Busineas Purchase Agreement, O Residential Lease ar Month-to-Month Rental
Agreement, 0 Vacant Land Purchase Agreement, ❑ Residential income Property Purchase Agreement, O Commercial Property
Purchase Agreement, ❑other
dated ,on property known as ov ey a ens r or o n ag e n
or 745T2 King isher ir
� q►�hi"t1a i yer o ow or mo ra e mcome is reFerred to as("BuyeNTenanY')
and ralm uesert Mausmg Autnonty is referred to as("SelledLandlord").
The sale nf this��g�r is su 'ect to a nt�6lic hearinn scheduled for
This wil! ve a esUtctnre reemen a u mus execu a reco a ams e su �ec
ro in avor o the a m esert ousin u on ousin u o res c ons inc u rn u no
lfmited to a o a ma re nc u remen s resa e nce res c ons an a o rs e sa
the Housina Authoritv.amano other restrictions,
_e �ty o a m esert an e ousing u o max provr own paymen assis ance o ensure an a a
housinQ cost:such/oan mav be siMn!for ail or vart of the term of the loan. f e amount o assistance wi)�vary�
witl hp in an amei.nt te env,.p an atfordabla hoz�c%n�cost deSned cmder Galifomia's Hea/th and,�C,�f�tv Codes end
�ntingoAt or�thw�rirriar�Man a�rov�l
As e er is a govemment enMy an not su �ect to nea prope es,no prora n wr m roug escrow
fer this r�u�ose. Buyer Ps►iesRQnsib/e from!he dafe of escrow c/osina for reaTarot�ertv taxes ue an w► receive
a Pmnasfv T�,ar Riq rtirarf fmm tha Tax[`rL�/ar_tnr'c p/fica_
The foregoing terms and conditions are hereby agreed to,and the undersigned acknowledge receipt of a copy of this document.
Date Date
BuyeNTenant A vualified buver of low or moderate income ge11efp,���b �'alm Desert Housing Authority
BuyedTenant SeIteNLandlord
The copydyM Iww�tha UnNed Stetea(Titb 17 U.S.Code)forWd the unauthaized roprodudion of this form,or arry poAion thercot,by photocopy maehlne or any other means,
Mduding facairMb w computarized farm�a.CopyriyhlO 4986-2001,CALIFORNIA ASSOCIATION OF REALTORS�,INC.ALL RIGHTS RESERVED.
THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCUITIOPI OF RE/1lTOR�(CA.R.).NO REPRESENTATION IS MADE AS TO THE LEGAL VAUDITY OR
ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRAWSACTION. A REAL ESTATE BROKER IS THE PERSON Ql1ALIFIED TO ADVISE ON REAL ESTATE
TRANSACTIQNS.IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE PROFESSIOMAL.
Ttds form fe av�l�bie tor uee by ths eMiis real estete In�alry.It is not lMe�ded to IderHify the user as a REALTOR�.REALTORA fa a ropisterotl collecdiw mamberohip mark
whlch may be used oNy by membero of the NATIONAL ASSOCIATION OF REAITORS�who�ubapibe to Na Code of Ethics.
� Published and Disbibufed by:
N REAL ESTATE BUSINESS SERVICES,INC.
a subsidlary of Me CAUfORAtlA ASSOCG4TlON OF REALTORS� R���tiY �
c 525 South VIrgR Averwe.Los Argeks,Catifomie 90020 8roker or Destgnee Dete
ADM-11 REVI8ED 10/01(PA�iE 1 OF 1) e►�TMOU°wut�r°
ADDENDUM(ADM-11 PAGE 1 OF 1)
Gilleran Gri�n Company l575 Westwood Bivd.M300, LosMgetes CA 90024
Pirone:(310)478-1835 fax: (310)478-2135 Gilleran Griffin Compeny ,.zfx
NOTICE OF A PUBLIC HEARIMG
OF THE CITY OF PALM DESERT AND THE PALM DESERT HOUSING
AUTHORITY REGARDING THE PROPOSED APPROVAL OF A RESIDENTIAL
PURCHASE AND SALE AGREEMENT
NOTICE IS HEREBY GIVEN that the Palm Desert Housing Authority (the
"Authorit�') will hold a Public Hearing to consider the approval of the DRAFT
Residential Purchase and Sale Agreements (the "Purchase and Sale
Agreements") by and between the Autharity, as seller, and a person ar family of
low or moderate income, as buyer. The Purchase and Sale Agreements pertain
to three (3) single-family residences owned by the Authority located at 42075
Hovley Gardens Drive, 42190 Golden Eagle Lane and 74572 King Fisher Circle,
Palm Desert, CA 92260.
A copy of the Purchase and Sale Agreements are available for public inspection
and copying at a cost not to exceed the cost of duplication, at the Office of the
City Clerk, 73-510 Fred Waring Drive, Palm Desert, California 92260.
Said Public Hearing will be held as follows:
DATE: Thursday, May 23, 2013
TIME: 4:00 P,M.
PLACE: City of Palm Desert
Council Chambers
City Hall
73-510 Fred Waring Drive
Palm Desert, California 92260
All interested persons wishing to be heard on the matter may be present and be
heard. Any written communications should be addressed to the Authority
Secretary, 73-510 Fred Waring Drive, Palm Desert, California 92260.
Dated: May 7, 2013 _ � ��.�`l _
�.:�._ ,,-� c. � ,.-� „�..
.��=�,�
R chelle D. Klassen, Secretary � �� ,
Palm Desert Housing Authority
(760) 346-0611
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Mendoza, GraCB
Subject: FW: Legal Notice-Pubiic Hearing 05/23/2q13-Falcon Crest Lot Nos. 6, 31, and 62
From: Moeller, Charlene
Sent: Wednesday, May 08, 2013 8:33 AM
To: 'gsanchez@cityofpalmdesert.arg'
Subject: RE: Legal Notice - Public Hearing OS/23/2013 - Falcon Crest Lot Nos. 6, 31, and 62
A�i re�ci�ived ancl will �,��(,lis(� c.�n cl�ite(s) r•c�c�itc�ste�i.
Chariene Moeller�, Media Sales Legal Notice Coordinator
The Desert Sun Media Group
750 N. Gene Autry Trail, Palm Springs, CA 92262
t 760.778.4578 ( f 760.778.4731
lepals cnr..thedesertsun.cam /d�wle�atsCp@thedesertsun.com
The Coachelia Vailey's#1 Source in News&AdvPrtismg!
www.mydesert.com � twit#er r��Rayl_��, = rr i facebook'�/���n���,= � :v�,�,
This email and any files trar�smitted �nrith it are confidential and intended far the individual Co whom they
are addressed. If you have received this emaii in error, piease notify the sender and delete the message
fram your system
From: gsanchezC�cityafpalmdesert ory [mailta:gsanchezCa�cityofpalmdesert.org]
Sent: Tuesday, May 07, 2013 2:44 PM
To: tds-legals
Cc: �gonzalesCa�cityofpalmdesert.ar,y; Ip eon i ofpalmdesert.ora
Subject: Legal Notice - Public Hearing 05/23/2013 - Falcon Crest Lot Nos. 6, 31, and 62
PLEASE PUBLISH THE FOLLOWING:
NOTICE OF PUBLIC HEAR/NG
Purchase and Sale Agreements pertaining to three(3)singte-family residences owned by the Authority
iocated at 42075 Hovley Gardens Drive,42190 Golden Eagle Lane,and 74572 King Fisher Circle.
TWICE IN THE DESERT SUN
Thursday, May 9, 2013
Thursday, May 16, 2013
If you have any questions or require additional information, please call me.
?'j?. .��o�.c%a 3^�`"'_�
Records Technician
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert,California 92260
(760)346-0611 Ext.354
�sanch�z cit ofpalrr7desert.o�
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