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HomeMy WebLinkAboutOrdinance 2161 N.C.S. 09/15/2003\ i O�F `2J4J iJ•44ti4i ; N 1 +®CT 1 m" ORDINANCE NO. 2161 N.C.S. 2 3 4 Introduced By Seconded By 5 6 7 Council Member Torliatt Council Member Healy 8 9 10 ORDINANCE AUTHORIZING THE CITY MANAGER TO EXECUTE ALL I 1 DOCUMENTS RELATING TO THE PURCHASE OF REAL PROPERTY DESCRIBED 12 AS SONOMA COUNTY ASSESSOR'S PARCEL NOS. 068-010-026 AND 017-010-002, 13 CONSISTING OF APPROXIMATELY 261.33 ACRES 14 15 16 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF PETALUMA AS FOLLOWS: 17 18 Section 1. 19 The City of Petaluma (City) is purchasing certain real property (Real Property) located in the 20 4000 block of Lakeville Highway in the unincorporated area of the County of Sonoma, at 21 Petaluma, California, more particularly described as Sonoma County Assessor's Parcel Nos. 22 068-010-026 and 017-010-002, consisting of approximately 261.33 acres, more or less, and the 23 improvements thereon consisting of a single family residence and out -buildings. 24 25 Section 2. 26 The 1989 Sonoma County General Plan identifies the Real Property as Land Extensive 27 Agriculture (LEA). The update to the Sonoma County General Plan (GP 2020) acknowledges 28 that the City's proposed use of the Real Property is of substantial public benefit and proposes to 29 amend the land use designation of the Real Property to Public Facilities (PF) and Public Quasi- 30 public (PQP) if the City acquires the Real Property. 31 32 Section 3. 33 The Real Property is owned by David Martinelli and Teresa Martinelli, Darrel Freitas and Nancy 34 Freitas, and the Shainsky Trust (Sellers). 35 36 37 Ordinance No. 2161 N.C.S. Page I I Section 4. 2 The City is purchasing the Real Property for a necessary public purpose as a site for the 3 construction of a new water recycling facility and development of the Petaluma Marsh 4 Acquisition, Enhancement and Access Project, which includes, among other items, preservation 5 of open space and tidal wetlands, restoration of upland and riparian habitat, and extension of 6 existing marsh/river trails. 7 8 Section 5. 9 The City Council, on August 5, 2002, authorized City Management to seek grant funding from 10 the State Coastal Conservancy and the Sonoma County Agricultural Preservation and Open 11 Space District in support of the Petaluma Marsh Acquisition, Enhancement and Access Project, 12 including the acquisition to fee title to the properties located in the 4000 block of Lakeville 13 Highway in the unincorporated area of the County of Sonoma, at Petaluma, California, more 14 particularly described as Sonoma County Assessor's Parcel Nos. 068-010-026 and 017-010-002, 15 consisting of approximately 261.33 acres, more or less, and the improvements thereon consisting 16 of a single family residence and out -buildings. The State Coastal Conservancy grant was 17 approved in the amount of $2,000,000 on October 31, 2002. The Sonoma County Agricultural 18 Preservation and Open Space District's Authority Board approved the grant in the amount of 19 $2,006,000 on October 25, 2002. The Sonoma County Board of Supervisors is scheduled to 20 consider the grant request on, or soon after, September 16, 2003. 21 22 Section 6. 23 City Management, in consultation with the Sellers, has prepared a draft purchase agreement, 24 which is included as Exhibit A 25 26 Section 7. 27 The City Manager is authorized to execute all documents related to this action of purchasing the 28 Real Property. 29 30 INTRODUCED and ordered posted this 81" day of September 2003. 31 Ordinance No. 2161 N.C.S. Page 2 1 2 3 4 5 6 7 8 11 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 ADOPTED this 151" day of September 2003 by the following vote: AYES: Canevaro, Mayor Glass, Harris, Healy, Moynihan, Vice Mayor O'Brien, Torliatt NOES: None ABSENT: None ABSTAIN: None l avid Glass, Mayor ATTEST: APPROVED AS TO FORM: 4k'owe�j '--� -- Gayle P rs&, City Clerk Richard R. Rudn ns y, Ci ttoi Ordinance No. 2161 N.C.S. Page 3 (EXHIBIT A This Purchase and Sale Agreement ("Agreement") is entered into as of 2003, between, DAVID MARTINELLI and TERESA L. MARTINELLI, husband and wife, DARREL FREITAS and K4= FREITAS, husband and wife, and SHAINSKY, SHAINSKY TRUST, (collectively "Sellers"), on the one hand, and the CITY OF PETALUiv1A, a public entity ("Purchaser"). It is entered into and made in consideration of each of the following Recitals: RECITALS A. Sellers are the owners of that certain real property ("Real Property") located in the 4000 block of Lakeville Highway in the unincorporated area of the County of Sonoma, at Petaluma, California, more particularly described as Sonoma County Assessor's Parcel Nos. 068-010-026 and .017-010-002, consisting of approximately 261.33 acres, more or less, as more particularly described in the attached Exhibit A, and the unproverrinits thereon consisting of a single family residence and out -buildings. B. Purchasers are purchasing the Real Property for a necessary public purpose as a site, among other things, for the relocation and construction of a new water recycling facility and attendant facilities, and for development of the Petaluma Marsh Acquisition, Enhancnment and Access project ("Marsh Project"), which includes protection of the existing tidal marsh and open space, restoration of upland and riparian habitat, and extension of the existing river/marsh trails; the Real Property is to be used by Purchaser in conjunction with. Purchaser's present ownership and use of the adjoining property presently owned by Purchaser. C. Sellers are .in the process of assisting Purchaser to obtain a lot line adjustment from the County of Sonoma of the two Assessor's Parcels Nos. 068-010-026 and 017-010-002, for the purpose of creating one parcel of approximately 40 acres, more or less, at the northerly side of the real property bordering upon Lakeville Highway (the "Plant Site Parcel"). Once said lot line adjustment is obtained creating the Plant Site Parcel, the balance of the Real Property will be a single parcel of approximately 221.33 acres, more or less, used by Purchaser for a necessary public purpose consisting, among other things, of polishing treatment wetlands, to be used in conjunction with the water recycling facility; and public access to the Petalur-na Marsh (herein the "Wetlands Parcel"). Ordinance Nc. 2161 N.C.S. Page 4 D. Purchaser is in negotiations with the State Coastal Conservancy ("Coastal Conservancy") and the Sonoma County Agricultural Preservation & Open Space District ("Open Space District") for agreements to provide Purchaser's necessary grant funding ("Funding Agreements") to assist in Purchaser's acquisition of some or all of the Real Property and the development of the Marsh Project. Such negotiations are intended to include the grant of a conservation easement in the Wetlands Parcel to the Open Space District and the Coastal Conservancy. E. Sellers are entering this Agreement under a threat of eminent domain by Purchaser of the Plant Site Parcel. F. There is evidence of possible contamination of the Real Property. It is the intent of the parties that Purchaser acquire the property in an "as is" condition and assume responsibility for any environmental contamination of the Real Property. G. Sellers presently have two tenants on the Real Property; one in the single family residence at 4104 Lakeville Highway, and the other ranching the Real Property. It is the intent of the parties that Sellers shall cause such tenants to be removed from the Real Property by December 1, 2003. H. Purchaser desires to purchase and Sellers desire to sell the Real Property on the terms and conditions in this Agreement. IT IS, THEREFORE, AGREED THAT: Section 1. Purchase and Sale. (a) For good and valuable consideration, the receipt and adequacy of which are acknowledged, Sellers agree to sell and Purchaser agrees to purchase the Real Property subject to the terms and conditions in this Agreement. Section 2. Purchase Price. (a) The total purchase price for the Real Property shall be the sum of Four Million ($4,000,000) Dollars, allocated between the Plant Site Parcel and the Wetlands Parcel, as follows: Orduiar.cc No. 2161 N.C.S. Page 5 (1) The purchase price for the Plant Site Parcel shall be Two Million Two Hundred Thirty -Three Thousand (S2,233,000) Dollars; (2) The purchase price for the Wetlands Parcel shall be One Million Seven Hundred Sixty -Seven Thousand (S1,767,000) Dollars. (b) The purchase price for the Plant Site Parcel of S2.233.000 is being paid by Purchaser to Sellers under a threat of eminent domain by Purchaser for the Plant Site Parcel. (c) The total purchase price of Four Million Dollars shall be paid by Purchaser to Sellers in cash on the Close of Escrow as provided in this Agreement. Section 3. Escrow. (a) . An escrow shall be opened to consurrunate the sale of the Purchased Property pursuant to this Agreement at the office of Old Republic Title Company ("Title Company"), 6 Petaiuma Boulevard North, Suite A-2, Petaluma, California 94952 ("Escrow Agent") within five (5) days from Sellers' acceptance of this Agreement, The parties shall deliver signed escrow instructions to Escrow Agent within thirty (30) days of Sellers' acceptance. The instructions shall not modify or amend this Agreement; provided, however, that the parties shall execute any additional instructions requested by Escrow Agent in a. manner consistent with. the Agreement. (b) Unless the parties otherwise mutually agree in writing to an extension, the escrow shall close ("Close of Escrow") by November 21, 2003. in the event that the parties are not then able to close escrow because of the failure of a condition to the Close of Escrow as set forth herein, the parties hereby agree to extend the Close. of Escrow, without other consideration, for a period of ten (10) days from November 21, 2003. If further extension of the Close of Escrow is necessary because of the failure of a condition to such close, the parties will discuss in good faith a reasonable extension of the Close of Escrow (collectively the "Escrow Period"). Section 4. Lot Line Adjustment (aj Sellers, in cooperation with Purchaser, are in the process of obtaining a lot line adjustment with the County of Sonoma of Sonoma County Assessor's Parcel Nos. 068-010-026 and 017-010-002 to create an approximate 40 acre parcel, more or less, on the northerly end of each said Assessor's Parcel abutting Lakeville High.vay (tire "Lot Line Adjustment"). The intent of the parties is to reconfigure the two said Assessor's parcel numbers, thereby creating the Plant Ordinance No. 2161 N.C.S. Page 6 Site Parcel and the Wetlands Parcel. ('a) Purchaser's responsibility to purchase the Real Property is conditioned upon its receipt and approval of the terms and conditions of the Lot Line Adjustment creating the Plant Site Parcel and the Wetlands Parcel. (c) Sellers shall undertake all such acts and execute all such documents as reasonably necessary to assist Purchaser in obtaining, in an expeditious fashion before the Close of Escrow, the Lot Line Adjustment. Section 5. Environmental Contamination Purchaser and Sellers are aware of the potential of environmental contamination of the Real Property as evidenced by a Phase I environmental site assessment of Brown & Caldwell in September, 1997, and a Phase II investigation report of January, 1998. Sellers make no assurances, representations or warranties concerning any environmental contamination of the Real Property. Purchaser is .purchasing the Real Property in an "as is" condition for such purposes and in reliance upon its own investigation and analysis of any environmental contamination. Purchaser shall assume responsibility for, pay and hold Sellers free and harmless from any costs, expense or loss resulting from such environmental contamination. Section 6. Sellers' Tenants Sellers shall cause the tenants of the Real Property to vacate and be removed from the Real Property, without cost or expense to Purchaser, on or before December 1, 2003, or the Close of Escrow, whichever occurs first. Sellers represent that as of the date of this Agreement, the rental house at 4104 Lakeville Highway is habitable. Sellers shall assume the responsibility for, pay and hold Purchaser free and harmless from any cost or expense relating to the existence or removal of such tenants and any damage to the property caused by such tenants during the Escrow Period. S�cti;,n ". neCCsS (a) Access to the Real Property during the Escrow Period shall be given to Purchaser, its agents, employees, or contractors during normal business hours upon at least one (1) business day's notice to David Martinelli, at Purchaser's own costs and risk, for purposes of Purchaser's inspection, investigation and review of the Real Property, including, if necessary, taking samples Ordinance No. 2161 N.C.S. Page 7 of the soil, conducting wetlands and special status species surveys, conducting property surveys, and other activities in support of development of the water recycling facility and the Petaluma Marsh Acquisition, Enhancement and Access project. Purchaser shall keep the Real Property free of liens during the Escrow Period and shall indemnify and defend Sellers against and hold Sellers harmless from all losses, costs, damages, liabilities, and expenses, including, without Iimitation, reasonable attorney fees arising out of Purchaser's entry onto the Real Property or any activity thereon by Purchaser or its agents, employees, or contractors prior to the Close of Escrow except to the extent any such losses, costs, damages, liabilities, and expenses arise out of the gross negligence or willful acts of Sellers. Any enrl , onto the Real Property by Purchaser or its agents, employees, or contractors shall be at reasonable times. The provisions of this Section shall survive the Close of Escrow. (b) In addition to the provisions of Section 7(a), Purchaser and its agents, employees, or contractors shall have the right, from the date of this Agreement until the Close. of Escrow, to contact any federal, state, or local governmental authority or agency to investigate any matters relating to the Real Property. Sellers agree to cooperate reasonably with Purchaser and its agents, employees, or contractors in the inspection of the Real. Property and agree to deliver to Purchaser all information in Seller's possession or control pertaining to the ownership and condition of the Real Property, including engineering and environmental reports, studies, tests, monitorna results, and related documentation. Section 8. Sellers Cooperation With Funding Sources Sellers shall undertake all such acts and execute all such documents as reasonably necessary to assist Purchaser in obtaining, in an expeditious fashion before the Close of Escrow, the Funding Agreements with the Coastal Conservancy and Open Space District and the grant of a conservation easement to the Wetlands Parcel to the Open Space District and the Coastal Conservancy. Section 9. Title `LLf 1111m Lid1LLL1.d1,' 1V 11V V.V 1116 t11V ex-c ..union V1 th1J 1�-I-eemenl VJ' VVtll rlartl l.r �], PUr c11KUe1 shall cause Title Company to issue to Purchaser (with a copy to Sellers) a preliminary report for an ALTA Owner's Policy for the Real Property, setting forth all liens, encumbrances, easements, restrictions, conditions, pending litigation, judgments, administrative proceedings, and other matters affecting Seller's title to the Property ("PrehmIna—. Report"), together with copies 'of all documents relating to title exceptions referred to in the Preliminary Report. Ordinance No. 2161 N.C.S. Page 8 (b) Purchaser shall approve or disapprove each exception shown on the Preliminary Report within seven (7) days following receipt of the Preliminary Report. Purchaser's failure to object within the seven (7) days period shall be deemed to be an approval of the Exceptions. (c) If an Exception is disapproved (a "Disapproved Exception"), Sellers shall, within thirty (30) days following expiration of the seven (7) day period provided under Section 8(b), above, use its best efforts to cause each Disapproved Exception to be discharged, satisfied, released, or terminated, as the case may be, of record, and in a form that is reasonably satisfactory to Purchaser and Escrow Agent, all at Sellers' sole cost and expense. If Sellers are unable to obtain a discharge, satisfaction, release, or termination within the period specified above, or conclude that .the cost of doing so is, in Sellers' sole discretion, too high, Purchaser shall have the right to: (i) waive the Disapproved Exception and proceed with Closing, accepting title to the Property subject to the Disapproved Exception, or, (ii) terminate this Agreement, in which event both Purchaser and Sellers shall be relieved of all. further obligation and liability to each other unless this Agreement and all the funds and documents deposited with Escrow Agent shall be promptly refunded or returned, as the case may be, by Escrow Agent to the depositing party. Section-10. Conditions of Escrow (a) Purchaser's Conditions. The Close of Escrow and Purchaser's obligation to purchase the Real Property pursuant to this Agreement are conditioned on: (1) The conveyance to Purchaser of title to the Real Property, as evidenced by a standard form California Land Title Association (CLTA) title insurance policy, issued by Title Company, in the full amount of the purchase price, subject only to the exceptions to. title approved by Purchaser pursuant to (Section Yb) and J(c), above. (ii) Purchaser's review and approval of the Lot Line Adjustment from the County of Sonoma creating the Plant Site Parcel and the Wetlands Parcel. Ordii-'.a ice No. 21G1 I.C.S. rage 9 (iii) Purchaser's execution of Funding Agreements with the California Coastal Conservancv and the Sonoma County Agricultural Preservation and Open Space District. (ivi) Sellers' removal of the tenants from the property. (v) The approval by the City Council of the City of Petaluma of the entry of tills Agreement by Purchaser and its performance. (vil Sellers' performance of each obligation of Sell rs under this Agreement. Should any of the conditions specified in this Section 9(a) fail to occur before the Close of Escrow, Purchaser shall have the right, exercisable by the giving of written notice to the escrow agent and to Sellers, to cancel the escrow, terminate this Agreement, and recover any amounts paid by Purchaser to Sellers or to the Title Company on account of the Purchase• Price_ The exercise of tlds'power by Purchaser shall not, however, constitute a waiver by Purchaser of any other rights Purchaser may have against Sellers for breach of it~,1s Agreement. (b) Sellers' Conditions. The Close of Escrow and Sellers' obligation to sell the Real Prcperty pursuant to this Agreement are conditioned on the perfo—nuance by Purchaser of each obligation of Purchaser under this Agreement, including, without liiritation, Purchaser's obligation to make payrnent described in Section 2 within the time pellod designated. Should these conditions fail to occur, then Sellers shall have the right, exercisable by the giving of written notice to Title Company and to Purchaser, to cancel the escrow and terminate this Agreement. Section 11. Prorations. Title Company shall prorate the following costs at the Close of Escrow: (a) Sellers shall pay: (i) all governmental conveyancing fees and taxes due upon transfer of the Real Property. (b) Purchaser shall pay: ?rd:na;�ceN�.161 rd.C'.S. .Page 1i) (i) the recording charges iln connection with recordation of the Deed; (ii) all charges in connection with issuance of a CLTA Standard Policy of Title Insurance in the amount of the Purchase Price; (iii) the escrow fee charged by Escrow Agent. (c) Reap Property taxes shall be prorated at the Close of Escrow based on the most current real property tax bill available, including any additional property taxes that may be assessed after the Close of Escrow but that relate to a period prior to the Close of Escrow, regardless of when netice of those ta?;.e.. , is recF; held or who receives the notice. All installnerits of any bond or assessment that constitutes a lien on the Real Property at the Close of Escrow shall be paid by Seller. SectioD 12. Possession Possession of the Real Property shall be delivered to Purchaser at the Close of Escrow. Section 13. Brokers' Commissions. Sellers and Purchaser each warrant to the other that no person or entity can properly claim a right to a commission, finder's fee, or other compensation with respect to the transaction contemplated by this Agreement. .Section 14. Disclaimer of Representations and Warranties by Seller. (a) There are no representaiions, agreements, arrangemenis, or circumstances, oral or written, between the parties relating to the subject matter contained in this Agreement that are not fully expressed in the Agreement, and Sellers have not made and do not make any representation or warranty concerning any matter or thing affecting or relating to the Real Property not e xpressed rn this � 5. eeiirent, (b) Purchaser warrants that Purchaser is a sophisticated owner of real property, familiar and experienced with requirements for the development of real property. Except for the rental residence at 41104 Lakeville Highway, Purchaser has examined the Real Property. is familiar with its physical condition, and accepts such Real Property in an as is condition. Except Ordinance No. 2'iu1 N.C.S. Page 11 as set forth in Section 6, above, Sellers have not made and do not make any representations as to the physical condition of the Real Property. (c) Purchaser has conducted or will conduct an independent investigation with respect to zoning and subdivision laws, ordinances, resolutions, and regulations of all governmental authorities having jurisdiction over the Real Property, and the use and improvement of the Rea: Property, and Sellers have not made representations to Purchaser on any of these matters. Section 15. Damage and Destruction (a.) If any portion of the Real Property is damaged by earthquake, mudslide, fire, release of or exposure to any Hazardous Substances, or any other casualty (other than any damage caus --d by Purchaser or - its employees, agents, or contractors) prior to the Close of Escrow, such that the cost of fully repairing and correcting such damage is less than One Hundred Thousand Dollars (S100,000.00), Purchaser and Sellers shall consumrnatt> this Agreement , but thecash portion of the Purchase Price payable 'at the Close of 1✓;scrow shall be reduced by an amount necessary to fully repair or correct any damage to the Real Property. (b) If airy portion of the Real Property is damaged by earthquake, rr_udslide, fire, release of or exposure to any Hazardous Substances, or any other casualty (other: than any damage caused by Purchaser or its employees, agents, or contractors), prior to the Close of Escrow, such that the cost of fully repairing or correcting such damage exceeds One Hundred Thousand Dollars (S100,000.��0), Purchaser may elect either (i) to terrizinate this AgreParent upon written notice to Sellers, in which, event neither party shall have any furtler obligations under this Agreement except as otherwise provided in this Agreement; or (ii) to proceed with the purchase of the Property, in which event this Agreement shall remain in full force and effect, and Sellers shall pay or assign to Purchaser (A) any amount due from or paid by any insurance company or any other party as a result of the damage and (B) the amount of any deductible under Sellers' insurance policy and/or the cost of repairing or correcting such darnage not covered by insurance shall be credited against the cash portion of the Purchase Price and shall reduce the amount jJayaV11. at 1.,1Vsc of 1:5lrrV VV pursU4111 to Section 11ereV1, prv, hoevir, t th `oidedwLLa arnount of any credit against the Purchase Price pursuant to this clause (ii) shall not exceed One Hundred Thousand Dollars (S100,000.00). Ordinance No. 2161 ' .C.S. Page 12 Section 16. Condemnation. (a) If, prior to the Close of Escrow, all of the Real Property is taken by eminent domain, or is the subject of a pending taking which has not been consummated, Sellers shall immediately notify Purchaser of the event. In tlis event, this Agreement shall be immediately terminated. On termination of this Agreement, neither party shall have any rights or responsibilities to the other. In this event, any escrow canceliation fees in connection with the termination shall be shared fifty percent (501lo) by Purchaser and fif<y percent (50%) by Sellers. (b) If, prior to the Close of Escrow, a material portion but not all of the Real Property is taken by eminent domain; or is the subject of a pending taking which has not been consummated, Sellers shall immediately notify Purchaser of this event. Purchaser shall then have the right to terminate this Agreement by written notice to the Sellers delivered within ten (10) business days after Purchaser's receipt of this notice, if Purchaser reasonably believes that the portion of the Real Property subject to being taken would materially and adversely affect Purchaser's intended use of the Real Property. If Purchaser elect not to exercise the right to terminate pursuant to this Section, Sellers shall assign and deliver to Purchaser, and Purchaser shall be entitled to receive, all awards, otherwise payable to Sellers, for the takia-ig by eminent domain. The parties shall proceed to the Close of Escrow pursuant to the terms of this Agreement, without modification of this /igreerr_ent, except as necessitated by eminent domain action, and without any reduction in the Purchase Price, If Purchaser terr-runate pursuant to this Section, then neither party shall have any rights or responsibilities to the other_ A A--iy escrow cancellation fees' connected with this termination shall be shared fifty percent (50 110) by Purchasers and fifty percent (50%) by Sellers. Section 1.7. Sellers' Covenants Corm-nencing with the full execution of this Agreement by both parties and until the Close of Escrow: (a) Sellers shall not permit any liens, encumbrances, or easements to be placed on the Real property other t}lar' the I ppro`: ed Exceptions, nor steal? Seller enter irate -,.Y s6r—A.— regarding the sale, rental, management, repair, improvement, or any other matter affecting the Property that would be binding on Purchaser or the Real Property after the Close of Escrow without the prior written consent of Purchaser. (b) Sellers shall not permit any act of waste or act that would tend to diminish the Ordinance. No. 2161 N.C.S. Page 13 value of the Real Property for any reason, except that caused by ordinary wear and tea:. Section 18. Seller' Representations and 'Warranties To the best of Sellers' knowledge, Sellers represent and warrant to Purchaser that as of the date of this Agreement and as of the date of Close of Escrow: (a) Leases. Except for the tenants described in Recital F and Section 6, abovF, no leases, licenses, or other agreements allowing any third party rights tc use the Property are or will be in force. (b) Litigation. There is no pending or threatened litigation, administrative proceeding, or other legal or governmental action with respect to the Real Property. Section 19. Authority of the Parties. (a) Sell' rs warrant that this Agreement and all other documents delivered prior to or at the Close of Escrow: (i) have been authorized, executed, and delivered by Sellers; (ii) are binding obligations of Sellers; and (iii) do not violate the provisions of any agreement to w.iiich Sellers is a party or which affects the Real Property, nor violate the provisions of the Shainsky Trust, subject, however, to applicable bankruptcy, insolvency, and other similar laws affecting the enforcement of creditors' rights and to principles of equitable remedies. (b) Purchaser warrants that t lis Agreement and all other documents delivered prior to or on the Close of Escrow O have been authorized, executed, and delivered by Purchaser; (ii) are binding obligations of Purchaser; and (ill) do not violate the provisions of any agreement to which each of the parties Ordinance No. 2,161 IN.C.S. Pave 14 is a party subject, however, to applicable bankruptcy, insolvency, and other similar laws for enforcement of creditors' rights and to principles of equitable remedies. (c) The parties warrant that the persons executing this Agreement on their behalf are authorized to do so, and on execution of this Agreement, this Agreement shall be valid and enforceable against Purchaser or Sellers in accordance with this Agreement. Section 20. Notices. All notices to be given under this Agreement shall_ be in writing and either: (a) Sent by certified mail, return receipt requested, in which case notice shall be deemed delivered three Q) business days after deposit, postage prepaid in the United States Mail, (b) Sent .bv a. nationally recognized overnight courier, in which case notice shall be deemed delivered one (1) business day after deposit with this courier, or (c) By telecopy or similar means, if a ropy of the notice is also sent by United States Certified Mail, in which ,ase notice shall be deemed delivered on transmittal by telecopier or other similar means provided that a transmission report is generated by reflecting the accurate transmission of the notices, as follows: City of Petaluma Attn: 11 English Street P.O. Box 61 Petaluma, CA 94952 Telephone: (707) Darrel Freitas &. Nancy Freitas Telephone: (707) Shainsky David Martinelli & Teresa L. Martinelli Shainsky Trust Telephone: (707) Telephone: (707) Ordinance No. 216i N.f—..S. Pa9c 15 These addresses may be changed by written notice to the other party, provided that no notice of a change of address shall be effective until_ actual receipt by the parties of the notic'.. Copies of notices are for informational purposes only, and a failure to give or receive copies of any notice shall not be deemed a failure to give notice. Section 21. Attorney Fees. If either party commences an action against the other to enforce this Agreement, or because of the breach by either party of this Agreement, the prevailing party in this action whether or not brought to trial or final judgment, shall be entitled to recover attorney fees wid costs incurred in connection with the prosecution or defense of this action, including any appeal of the action, in addition to all other relief. Prevailing party within the meaning of this Section shall include, without limitation, a party who successfully brings an action against the other party for sums allegedly due or performance of covenants allegedly breached, or that party who obtains substantiall, the relief sought in the action.. Section 22. Entire Agreement This Agreement and the documents referenced herein contail-t the entire af*reemeni between the parties to this Agreement and shall not be modified. in any mariner except by an instrament in writing executed by the parties or their respective successors in interest. Section 23. Severability If any term or provision of tlus Agreement shall, to any extent, be held invalid or unenforceable, the remainder of this Agreement shall not be affected. Section 24. Waivers A waiver or breach of covenant or provision in this Agreement shall not be deemed a waiver of any other covenant or provision in this Agreement, and no waiver shall be valid unless in writing and executed by the waiving party. An extension of time for performance of any obligation or act shall not be deemed an extension of the time for performance of any other obligation or act. Ordinance No, 2161 N.C.S. Page 16 Section 25. Construction The section headings and captions of this Agreement are, and the arrangement of this instrument is, for the sole convenience of the parties to this Agreement. The section headings, captions, and arrangement of this instrument do not in any way affect, limit, amplify, or modify the terms and provisions of this Agreement. The singular form shall include plural, and vice versa. This Agreement shall not be construed as if it had been prepared by one of the parties, but rather as if both parties have prepared it. Unless otherwise indicated, all references to sections are to this Agreement. All exhibits referred to in this Agreement are attached to it and incorporated in it by this reference. Section 26. Merger All of the terms, provisions, representations, warranties, and covenants of the parties under this Agreement shall survive the Close of Escrow and shall not be merged in the Deed or other documents. Section 27. Counterparts. This Agreement may be executed in one or more counterparts, Each shall be deemed an original and all taken together shall constitute one and the same instrument. The execution of this Agreement is deemed to have occurred, and this Agreement shall be enforceable and effective only on the complete execution of this Agreement by the parties. Section 28. Thine of the Essence Time is of the essence in this Agreement. Section 29. Successors This Agreement shall inure to the benefit of and shall be binding upon the parties to this Agreement and their respective heirs, successors, and assigns. Ordinance No. 2161 N.C.S.Page 17 Section 30. Governing Law This Agreement shall be governed and construed in accordance with California law. Section 31. Offer and Acceptance . This Agreement as executed by Purchaser constitutes an offer to purchase the Real Property on the terms and conditions contained in this Agreement. If Sellers fail to execute a copy of this Agreement and return it to Purchaser by ------------, 2003 at 5:00 p.m., this Agreement shall be void. The parties have executed this Agreement as of the date first written above. SELLERS: David Martinelli Teresa L. Martinelli J' r SELLERS: r �t, Darrel Freitas`"` SELLERS: Nancy Freitas Trustee of the Shainsky Shainsky Trust Ordinance No. 2161 N.C.S. Page. 18 CITY OF PETALUMA By Print Name Title: Ordinance No. 2161 N.C.S. Page 19 EXHIBIT A. TO PURCHASE AND SALE A GREEN INT Property Description of AP Nos. 068-010-026 and 017-010-002 Ordinance No. 2161 N.C.S. Page 20