Loading...
HomeMy WebLinkAboutItem 4.4 Community Parkland Acquisition STAFF REPORT CITY CLERK File #600-40 CITY COUNCIL DATE:May 6, 2014 TO: Honorable Mayor and City Councilmembers FROM: Christopher L. Foss, City Manager SUBJECT: Purchase and Sale Agreement for Acquisition of Parcels for Community Parkland Prepared by Paul McCreary, Parks and Community Services Director EXECUTIVE SUMMARY: The City Council will consider approval of a Purchase and Sale Agreement to acquire two parcels of land from the Alameda County Surplus Property Authority (ACSPA) for use as Community Parkland in the Dublin Crossing Development. FINANCIAL IMPACT: Under the terms of the proposed agreement, the City would acquire the property for $8.25 million. The City’s Public Facilities Fee has and is collecting revenues over time to acquire the park land, including the ACSPA parcel; however the funding is not currently fully available. Dublin Crossing Venture LLC is making a Community Benefit Payment of $2.8 million the City would use toward the acquisition of the ACSPA property. The remaining $5.45 million of the purchase price would be funded by an interest-free loan from Dublin Crossing Venture, LLC. The City would use Public Facilities Fees to repay the loan from Dublin Crossing in four equal annual installments beginning June 2018. The City would also use $2.8 million of Public Facilities Fees to re-pay the General Fund for the $2.8 million Community Benefit Payment advanced to the Public Facility Fee program for the acquisition of the parkland. RECOMMENDATION: Resolution Staff recommends the City Council adopt a Approving a Purchase and Sale Agreement with the Alameda County Surplus Property Authority for the Purchase of Two Parcels at the Corner of Dublin Boulevard and Arnold Drive. Submitted By Reviewed By Parks and Community Services Director Assistant City Manager ITEM NO. 4.4 Page 1 of 3 DESCRIPTION: In order for the City to satisfy the requirements of the Development Agreement with Dublin Crossing Venture, LLC, related to park development, Staff has negotiated an Agreement with the Alameda County Surplus Property Authority (ACSPA) for the acquisition of two parcels of land at a price of $8.25 million. The parcels are located at the northwest corner of Dublin Boulevard and Arnold Drive (APN 986-0034-002 and APN 986-0034-006). Attachment 1 is a Resolution approving the proposed Purchase and Sale Agreement with ACSPA. Attachment 2 is Exhibit A to the Resolution is the Purchase and Sale Agreement Staff has negotiated with ACSPA. Background On November 19, 2013 the City Council adopted the Dublin Crossing Specific Plan (DCSP) which includes the 8.7 acres owned by Alameda County Surplus Property Authority. The DCSP addresses the future development of the project area, which includes the construction of a residential mixed-use project with up to 1,995 single and multi-family residential units; up to 200,000 square feet of retail, office and/or commercial uses; and a 30-acre Community Park and a five-acre Neighborhood Park. When adopting the DCSP the City Council amended the General Plan and approved amendments to the Zoning Ordinance to create the Dublin Crossing Zoning District. This rezoned the two ACSPA parcels for mixed use development, with the intention the parcels would be swapped for 8.7-acres of parkland within the Dublin Crossing Development and located adjacent to the 21.3-acres of community parkland being dedicated as part of the development to provide a larger and grander community park. On November 19, 2013, the City entered into a Development Agreement with Dublin Crossing Venture LLC (Developer) that requires the City to acquire the ACSPA Property and convey it to the Developer by December 31, 2016. In exchange, the Developer agreed to make a contribution of 8.7-acres of community parkland in excess of what would be required by the City's parkland dedication requirements. Terms of Purchase and Sale Agreement  Purchase Price. The purchase price is $8.25 million. This is based on the fair market value appraisal of similar properties that was conducted in August 2013 as part of the work to update land acquisition costs in the Public Facilities Fee program.  As-Is Sale and Due Diligence. This is an as-is sale, and as such the City would have 180 days to determine whether to approve the condition of the property and other factors deemed relevant to the purchase and development of the property.  Maintenance of Property through Close of Escrow. Following approval of the Agreement, and through the close of escrow, the City would be responsible for maintenance of the property, including required weed abatement and removal of debris from the drainage canal. The City would not be responsible for any capital costs to improve or modify the property, including the drainage canal.  Assignment of Agreement. The Agreement allows the City to assign all of its rights and obligations under the Agreement to another party. Staff envisions assigning the Agreement to Dublin Crossing Venture, LLC, concurrently with the close of escrow thus eliminating the City taking title of the property and any potential risks or liabilities associated with being in the chain of title. The City’s assignment would need to be approved by ACSPA, which Page 2 of 3 ACSPA understands is the City’s preferred method of meeting its obligations under the Purchase and Sale Agreement. As such the proposed “Agreement to Assign and Assume” has been included as an Exhibit to the Purchase and Sale Agreement.  Close of Escrow. The closing of escrow would occur no later than December 31, 2016, unless the Agreement is terminated or extended by mutual agreement.  Termination of Agreement. If the Agreement is terminated for any reason other than the seller’s default, then ACSPA would have no further obligation to sell the property to the City for parkland, and would have the right to pursue the sale of the land for private development, which development would be subject to applicable laws, rules and regulations at the time. Funding for Acquisition Dublin Crossing Venture, LLC, would be providing 100% of the funding for the acquisition costs at close of escrow. The Development Agreement requires that Dublin Crossing Venture LLC make a $2.8 million community benefit payment, which the City can loan from the General Fund toward the acquisition of the ACSPA parcel. The Developer is also obligated to make an interest-free loan to the City of up to $6,000,000 for the remaining cost of acquiring the ACSPA Parcel. The City’s Public Facilities Fee program is collecting fees over time to acquire 8.7-acres of park land to serve the build-out of the Eastern Dublin Specific Plan; however the funding is not fully available at this time. The City would use $5.45 million of Public Facility Fees to re-pay the loan to Dublin Crossing in four equal annual installments beginning June 2018. Once the loan is repaid to Dublin Crossing Venture, LLC, the City would then use $2.8 million of Public Facility Fees to re-pay the General Fund for the loan of the Community Benefit Payment used for the acquisition. The proposed 2014-2019 Capital Improvement Program (CIP) includes the first two payments to Dublin Crossing Venture, LLC, starting in Fiscal Year 2017-2018. The remaining payments to Dublin Crossing and to the General Fund are beyond the five-year timeframe of the CIP. NOTICING REQUIREMENTS/PUBLIC OUTREACH: A copy of this Staff Report was sent to the Alameda County Surplus Property Authority and Dublin Crossing Venture, LLC. ATTACHMENTS: 1. Resolution approving a Purchase and Sale Agreement with the Alameda County Surplus Property Authority for the purchase of two parcels at the corner of Dublin Boulevard and Arnold Drive 2. Exhibit A to the Resolution - Purchase and Sale Agreement with Alameda County Surplus Property Authority Page 3 of 3 RESOLUTION NO. XX - 14 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN * * * * * * * * * * * APPROVING A PURCHASE AND SALE AGREEMENT WITH THE ALAMEDA COUNTY SURPLUS PROPERTY AUTHORITY (ACSPA) FOR THE PURCHASE OF TWO PARCELS AT THE CORNER OF DUBLIN BOULEVARD AND ARNOLD DRIVE WHEREAS, the City Council ("City Council") of the City of Dublin desires to purchase two parcels of land located at the corner of Dublin Boulevard and Arnold Drive in Dublin including APN 986-0034-002 and APN 986-0034-006 ("Properties"); and WHEREAS, these two parcels were identified as 8.7-acres of “Community Parkland” in the General Plan, Eastern Dublin Specific Plan, and the Parks and Recreation Master Plan; and WHEREAS, on November 19, 2013 the City Council adopted the Dublin Crossing Specific Plan (DCSP) which includes the 8.7 acres owned by Alameda County Surplus Property Authority; and WHEREAS, the DCSP addresses the future development of the project area, which includes the construction of a residential mixed-use project with up to 1,995 single and multi- family residential units; up to 200,000 square feet of retail, office and/or commercial uses; and a 30-acre Community Park and a five-acre Neighborhood Park; and WHEREAS, on November 19, 2013 the City Council amended the General Plan and approved amendments to the Zoning Ordinance to create the Dublin Crossing Zoning District; and rezoning the two ACSPA parcels for mixed use development, with the intention the parcels will be swapped for 8.7 acres of parkland within the Dublin Crossing Development and located adjacent to the 21.3-acres of community parkland being dedicated as part of the development to make a larger and grander community park; and WHEREAS, on November 19, 2013, the City entered into a Development Agreement with Dublin Crossing Venture LLC that requires the City to acquire the ACSPA Property and convey it to the Developer by December 31, 2016. In exchange, Developer has agreed to make a contribution of 8.7 acres of community parkland in excess of what would be required by the City's parkland dedication requirements; and WHEREAS, the Development Agreement requires that Dublin Crossing Venture LLC make a $2.8 million contribution toward the acquisition, and loan the City up to $6,000,000 interest-free for the acquisition of the ACSPA Parcel, and that the City repay the loan in four equal annual installments on June 30 beginning in 2018 or the anniversary date of the loan if executed later than July 1, 2017; and WHEREAS, the City and ACSPA have negotiated a Purchase and Sale Agreement substantially in the form attached hereto as Exhibit A ("Purchase and Sale Agreement"); and ATTACHMENT 1 WHEREAS, pursuant to the terms of the Purchase and Sale Agreement, the City will purchase the Property from ACSPA for $8,250,000 and close escrow no later than December 31, 2016; and WHEREAS, the purchase price is based on the fair market value appraisal of similar property; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby approve the Purchase and Sale Agreement with the ACSPA. BE IT FURTHER RESOLVED that the City Council does hereby authorize the City Manager to execute the Purchase and Sale Agreement substantially in the form attached hereto; to make revisions to the Purchase and Sale Agreement, with the advice of counsel, which do not materially or substantially increase the City's obligations thereunder; to sign all documents, to make all approvals and take all actions necessary or appropriate to carry out and implement the Purchase and Sale Agreement and to administer the City's obligations, responsibilities and duties to be performed under the Purchase and Sale Agreement. PASSED, APPROVED AND ADOPTED this 6th day of May, 2014, by the following vote: AYES : NOES : ABSENT : ABSTAIN : ______________________________ Mayor ATTEST : _________________________________ City Clerk ATTACHMENT 1 PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS THIS PURCHASE AND SALE AGREEMENT(this “Agreement”) is entered into effective as of__________________, 2014 (the “Effective Date”),by and between Surplus Property Authorityof Alameda County, a public corporation (“Seller”),and the City of Dublin, a California municipal corporation (collectively, “Buyer”). Seller and Buyer are hereinafter referred to individually as a “Party”and collectively as the “Parties.” RECITALS A.Seller is the fee owner of that certain real property in Alameda County, California, consisting of the following two parcels: an approximate 4.51 acre parcel north of Dublin Boulevard and west of Arnold Road, identified as Alameda County Assessor’s Parcel Number 986-0034-006 (“Parcel 1”) and an approximate 4.22 acre parcel adjacent to Parcel 1, identified as Alameda County Assessor’s Parcel 986-0034-002 (“Parcel 2”), located in the City of Dublin, and more particularly described in Exhibit Aattached hereto and incorporated herein by this reference (collectively, the “Land”). B.On November 19, 2002, Buyer approved the Dublin Transit Center General Plan/Specific Plan Amendment (the “2002 General Plan/Specific Plan Amendment”) that, among other things, designated the Land as a communitypark site and specified that Buyer would acquire the Land from the Seller. C.On November 5, 2013, Buyer approved the Dublin Crossings Specific Plan and General Plan that changed the planning designation and zoning for the Land to General Commercial/DC High Density Residential. D.In accordance with the terms and conditions contained hereinand in satisfaction of any and all obligations with respect to the acquisition and sale of the Land pursuant to the 2002 General Plan/Specific Plan Amendment, Buyer desires to purchase, and Seller desires to sell, the Land together with all improvements located thereon and all easements, hereditaments, and appurtenances belonging to or inuring to the benefit of Seller and pertaining to the Land (all of the foregoing collectively hereinafter, the “Property”). NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows. 1.Agreement to Sell and Purchase.Seller agrees to sell and Buyer agrees to purchase the Property subject to the terms and conditions of this Agreement.Buyer and Seller agree and acknowledge that by entering into this Agreement Seller has satisfied any and all obligations to Buyer with respect to theProperty,whether under the 2002 General Plan/Specific Plan Amendmentor otherwise, and that, if this Agreement is terminated for any reason other than Seller’s Default(as defined in Section 19), Seller shall have no further obligation to sell the Property to Buyer.and Buyer agrees that Seller shall thereafter have the right to pursue the sale of the Land for private development, which development would be subject to applicable laws, rules and regulations. 000299.0055\3458717.3 1 2.Purchase Price. The purchase price for the Property shall be Eight Million Two Hundred Fifty Thousand and 00/100 Dollars ($8,250,000.00) (“Purchase Price”). The Purchase Price shall be paid in cash at the Closing. 3.Conveyance of Title.At the Close of Escrow (defined in Section 9), Seller shall convey by grant deed to Buyer marketable fee simple title to the Property, free and clear of all recorded and unrecorded liens, encumbrances, assessments, leases and taxes except: (a)taxes and assessments for the fiscal year in which the escrow for this transaction closes, which shall be prorated as of the Close of Escrow, and all taxes and assessments for future periods; (b)such other conditions, liens, encumbrances, restrictions and exceptions as may be approved in writingby Buyer or deemed approved in accordance with the provisions of this Agreement; and (c)any matters of record consented to by Buyer or caused by the acts or omissions of Buyer or its authorized representatives(collectively, “Permitted Exceptions”). 4.Escrow; Escrow Instructions.Upon execution of this Agreement, the Parties shall establish an escrow (the “Escrow”) to consummate the purchase and sale of the Property pursuant to the Agreement, at the office of Chicago Title Company(“Title Company”or “Escrow Agent”)located at One Kaiser Plaza, Suite 745, Oakland, California94612. When this Agreement is executed by Seller and Buyer the Parties shall deposit with Escrow Holder a copy of the fully executed Agreement, or of executed counterparts of this Agreement, which shall serve as the joint escrow instructions of Buyer and Seller for this transaction, together with such additional instructions consistent with this Agreement as may be executed by the Parties and delivered to the Escrow Agent. The date of such deposit shall constitute the “Opening of Escrow.” 5.Title Documents. (A)Preliminary Title Report.Attached to this Agreement as ExhibitCis a copy of a preliminary report covering the Property issued by Title Company dated September 17, 2013, Title No.13-58205101-MG. Buyer acknowledges that Seller has previously provided Buyer with access to legible copies of,all instruments and documents referenced in such preliminary report as title exceptions(“Title Exceptions”). The preliminary report and copies of the Title Exceptions are referred to collective as the “Preliminary Report.” (B)Survey. Within ninety (90) days following expiration of the Feasibility Period (defined below), Buyer shall, at its sole expense, obtain and furnish to Seller and Title Company a copy of an ALTA Survey of the Property. (C)Title Exceptions. Buyer shall have thirty (30) days following the Effective Date in which to deliver written notice to Seller of any Title Exceptions disapproved by Buyer (“Disapproved Title Exceptions”). Any Title Exceptionsnot so disapproved by Buyer within that 30-day period shall be conclusively deemed to have been approvedby Buyer.If Buyer disapproves of any Title Exceptions, Seller shall, within fifteen (15) days following Seller’s 000299.0055\3458717.3 2 receipt of Buyer’s notice, notify Buyer of those Disapproved Exceptions that Seller will or will not (in Seller’s sole discretion) remove from title or cause Title Company to endorse over (subject to Buyer’s reasonable approval). In the event that Seller does not agree to remove or cause Title Company to endorse over all Disapproved Title Exceptions to Buyer’s satisfaction, Buyer shall have the option, in its sole discretion, to terminate this Agreement or to accept title subject to such Disapproved Title Exceptions. In the event Buyer elects to terminate this Agreement, any funds and documents deposited into Escrow by or on behalf of the Parties shall be returned to the depositing Party, and all rights and obligations hereunder shall terminate except for those rights and obligations which expressly survive termination pursuant to the terms of this Agreement. (D)Title Insurance. It shall be a condition to the Close of Escrow that Title Company issue an ALTA Owner’s Title Insurance Policy (“Title Policy”) in the amount of the Purchase Price forthe benefit and protection of Buyer, showing title to the Property vested in Buyer, subject only to the Permitted Exceptions, including such endorsements as may reasonably be requested by Buyer, upon the Close of Escrow, and conditioned only upon the payment of the premium for the Title Policy and all Buyer requested endorsements. 6.Feasibility Review. (A)Seller’s Delivery of Due Diligence Materials.Within ten (10) Business Days after the Effective Date,Seller shall, to the extent Seller has not previously done so, provide Buyer with copies of all reports, studies, surveys, contracts, agreements and analyses relating to the physical and/or environmental condition of the Property in Seller’s possession or control (collectively, the “DisclosureMaterials”), exclusive of the reports identified in ExhibitD(the “Environmental Reports”); provided, that Seller shall not be deemed to make any representation to Buyer regarding the accuracy, completeness, methodology or current status of third party reports, nor shall Seller assume any liability with respect to any matter or information referred to or contained in such reports, nor shall Buyer have any claim against Seller or any Authorized Representative of Seller arising out of the contents of such reports. Seller shall make the Environmental Reports available to Buyer for inspection at Seller’s offices at Alameda County General Services Agency, Environmental Services Division, 1401 Lakeside Drive, Oakland, California.Seller shall further provide to Buyer any additional Disclosure Materials relating to the physical and/or environmental condition of the Property that come into the possession or control of Seller after the Effective Dateand before the Close of Escrow. (B)Buyer’s Reports.Buyer shall provide Seller with copies of all reports and studies prepared by or on behalf or Buyer relating to the environmental condition of the Property, provided, that Buyer shall not be deemed to make any representation to Seller regarding the accuracy, completeness, methodology or current status of such third party reports, nor shall Buyer assume any liability with respect to any matter or information referred to or contained in such reports, nor shall Seller have any claim against Buyer or any consultant of Buyer arising out of the contents of such reports. (C)Buyer’s Feasibility Period. Buyer shall have one hundred eighty (180) days after the Effective Date in which to determine whether to approve the condition of the Property and any other factors that Buyer, in its sole discretion, deems relevant in connection with the 000299.0055\3458717.3 3 purchase, ownership and development of the Property (the “Feasibility Period”). Prior to the expiration of the Feasibility Period, Buyer shall give Seller written notice either: (i) that Buyer has approved its feasibility review and will proceed to Closing, or (ii) that Buyer has disapproved its feasibility review, in which case this Agreement shall terminate and the Parties shall have no further obligation to each otherexcept for those rights and obligations whichexpressly survive termination pursuant to the terms of this Agreement.Failure by Buyer to give notice of approval or disapproval of its feasibility review before the expiration of the Feasibility Period shall be deemed disapproval thereof. (D)Site Maintenance.From and after the Effective Date, Buyer shall assume responsibility for maintenance of the Property, including required weed abatement and removal of debris from the drainage canal thereon;provided, however, that Buyer shall not assume any responsibility or be deemed responsible for any capital costs of improving or modifying the Property, including the drainage canal thereon, except to the extent required by any local, State of California, federalor other applicable governmental or quasi-governmental agency, body or authority having jurisdiction over the Property (individually an “Authority,” and collectively, the “Authorities”). (E)Buyer’s Right of Entry.Seller hereby grants Buyerand its Authorized Representatives (as defined in Section 37), a license to enter and conduct upon the Property, at Buyer’s sole expense, such inspections, studies, tests, surveys and assessments with respect to the Property and such other matters as Buyer, in its sole and absolute discretion, deems appropriate to perform its due diligence during the Feasibility Period, during regular business hours and upon not less than three (3)Business Days’advance telephonic or email noticeto Stuart Cook (“Seller’s Director”) at the contact information set forth in Section22(A), orother Authorized Representative as designated by Seller. Buyer and its Authorized Representatives shall comply with all applicable laws with respect to the performance of such due diligence, and upon the completion thereof shall restore to Property to substantially the condition it was in prior to conducting such due diligence. Buyer agrees to indemnify, defend and hold Seller,the County of Alameda, and their respective board members, and Authorized Representatives harmless from any and all claims, suits, actions, damages, costs, expenses liabilities,liens (including, without limitation, mechanics’ liens) and encumbrancesresulting from or arising out of any entry by Buyer or Buyer’s Authorized Representatives on the Property, any non-compliance with applicable laws, or any breach of this Agreement. Notwithstanding the above, Buyer’s obligations to restore the Property and to indemnify and hold Seller harmless shall not extend to any damage resulting from any one or more of the following: (i) the mere discovery of HazardousMaterials on the Property; or (ii) negligence or willful misconduct of Seller or its Authorized Representatives.The foregoing obligations of Buyer shall survive Close of Escrow or termination of this Agreement. The provisions of this Section6(E)to the contrary notwithstanding, Buyer shall not conduct any biological investigations or studies or any invasive investigation, inspection, or test on the Property without prior written notice to Seller’s Director of the proposed investigation, study, inspection or test (including, with respect to any Hazardous Materials invasive testing, a written plan for such testing) and Seller’s Director’s approval thereof,which will not be unreasonably withheld, conditioned or delayedand will be deemed given if Seller’s Director has not given its approval or reasonable disapproval within ten (10) Business Days after 000299.0055\3458717.3 4 receipt of Buyer’s notice of the proposed investigation, study, inspection or test (and any required written plan). Additionally, Buyershall provide to Seller for Seller’s review and approval (which approval will not be unreasonably withheld, conditioned or delayed) copies of drafts of any reports prepared in connection with any such activitiesprior to the reports becoming final and submitted to third parties (includingAuthorities).Seller’s failure to disapprove of any draft report within ten (10) Business Daysof Seller’s receipt will conclusively be deemed approval by Seller of the draft report in question.Seller’s failure, if any,to approve such draft reports shall not prevent City from relying on said draft reports in deciding whether to approve the condition of the Property. For purposes of this Agreement, the term “Hazardous Materials”shall mean any substance, product, waste or other material of any nature whatsoever that is, or becomes, listed, regulated or addressed pursuant to State or federal law, including, without limitation, the Comprehensive Environmental Response Compensation and Liability Act, 42 U.S.C. Section 9601et seq.; the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901 et seq.; the Clean Water Act, 33 U.S.C. Section 1251 et seq.; and the California Hazardous Waste Control Act, Health and Safety Code Section 21500 et seq. (F)Insurance.Prior to exercise of the right of entry granted in Section6(E)by any Authorized Representative other than an employee of the City of Dublin, Buyer shall provide Seller with satisfactory evidence, in the form of a certificate of insurance, that Buyer’s Authorized Representative is insured under commercial general liability and automobile liability insurance policies terminable only after ten (10) days advance written notice to Seller, each policy to be in an amount of not less than One Million Dollars ($1,000,000) combined single limit per occurrence for bodily injury and property damage, and naming Seller as an additional insured. 7.Closing Documents and Funds. (A)Seller. (a)No later than one (1)Business Day prior to the Close of Escrow (the “Closing Date”), Seller shall deposit into escrow all of the following: (i)a Grant Deed, substantially in the form attached hereto as ExhibitB(“Grant Deed”), duly executed and acknowledged, conveying to Buyer good and marketable fee simple title to the Property, subject only to the Permitted Exceptions approved pursuant to this Agreement;and (ii)such additional duly executed instruments and documents as the Escrow Agent may reasonably require to consummate the transaction contemplated hereby. (b)Unless Seller elects to have the following charges deducted from the funds to be distributed to Seller at Close of Escrow, no later than one (1) Business Day prior to Close of Escrow, Seller shall deposit into Escrow immediately available funds in the amount necessary to pay any Alameda County documentary or other Alameda County transfer taxes applicable to the sale of the Property. 000299.0055\3458717.3 5 (B)Buyer. (a)No later than one (1) Business Day prior to the Closing Date, Buyer shall deposit into Escrow all of the following: (i)a duly executed Certificate of Acceptance pursuant to California Government Code Section 27281, if applicable; and (ii)such additional duly executed instruments and documents as the Escrow Agent may reasonably require to consummate the transaction contemplated hereby. (b)No less than one (1) Business Day prior to the Close of Escrow, Buyer shall deposit into escrow all of the following: (i)the Purchase Price, as adjusted by any prorations between the Parties; (ii)all applicable recording charges; (iii)any City of Dublin documentary or other City of Dublin transfer taxes applicable to the purchase of the Property; (iv)the cost of the Title Policy and any requested endorsements; and (v)all other standard costs and charges of the Escrow. 8.AS-IS Sale; Release. (A)Buyer acknowledges and agrees that: (i) prior to the Closing Date, Buyer shall have availed itself of the opportunity to perform due diligence with respect to the Property, in Buyer’s discretion, including examination of the legal, environmental, zoning, land use, seismic, title, survey and physical characteristics and condition of the Property; (ii) by purchasing the Property, Buyer shall be deemed to have approved of all such characteristics and conditions; (iii) the Property is to be purchased, conveyed to, and accepted by Buyer in its present condition, “AS IS”WHERE IS AND WITH ALL FAULTS, and no patent or latent defect or deficiency in the condition of the Property, whether or not known or discovered, shall affect the rights of either Seller or Buyer hereunder, nor shall the Purchase Price be reduced as a consequence thereof. Except as specifically set forth in Section14, Seller does not make any representations or warranties of any kind whatsoever, either express or implied, with respect to the Property or any related matters. Buyer acknowledges that it shall purchase the Property on the basis of Buyer’s own investigation of the physical and environmental conditions of the Property, including all subsurface conditions, and Buyer assumes the risk that adverse physical, environmental or other conditions may not have been revealed by its investigation. Buyer shall be solely responsible, at its cost and expense, for the extension or delivery to the Property of any and all necessary utility and other services including, without limitation, sanitary sewer, water, storm water,gas, electricity and telecommunications, and for all connection fees and costs payable to connect such utilities to service lines outside of the boundaries of the Property.The provisions of this Section shall survive Close of Escrow. 000299.0055\3458717.3 6 (B)Release.Effectiveas of the Close of Escrow, Buyer, for itself, its successors and assigns, hereby waives, releases, acquits and forever discharges Seller and its Authorized Representatives, of and from, any claims, actions, causes of action, demands, rights, damages, costs, expenses, penalties, fines or compensation whatsoever, direct or indirect, at any time on account of or in any way arising out of or in connection with the known or unknown physical, environmental or other condition of the Property. Buyer expressly waives the provisions of California Civil Code §1542, which provides: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 9.Close of Escrow.The Parties agree that the Closing Date will occur no later than December 31, 2016, unless this Agreement is terminated pursuant to the terms hereof or extended by mutual agreement of the Parties. Escrow Holder shall prepare and sign final Closing Statements showing all receipts and disbursements and deliver copies to Buyer and Seller and, if applicable, shall file with the Internal Revenue Service (with copies to Buyer and Seller) the reporting statement required under Section 6045(e) of the Internal Revenue Code. The Escrow Agent shall close Escrow by: (i) causing the Grant Deed to be recorded in the official records of Alameda County, California; (ii) issuing the Title Policy and delivering same to Buyer; (iii) delivering to Seller the monies constituting the Purchase Price less prorated amounts and charges to be paid by or on behalf of Seller; and (iv) delivering to Buyer the original Grant Deed, together with a conformed copy thereof indicating recording information thereon. Possession of the Property shall be delivered to Buyer at the Close of Escrow.Buyer’s acceptance of the Grant Deed shall constitute Buyer’s agreement to accept title to the Property subject to the Permitted Exceptions, and Buyer waives the provisions of California Civil Code Section 1113(2) to the contrary. 10.Closing Costs.Closing costs shall be paid as set forth in Section 7herein. Each Party shall be responsible for the cost of its legal counsel and other advisory professionals. All other fees and miscellaneous costs not referenced in Section 7shall be allocated in accordance with the custom in Alameda County. 11.Prorations.At the Close of Escrow, the Escrow Agent shall make the following pro-rations: (i) property taxes, if any,shall be prorated as of the Close of Escrow based upon the most recent tax bill available, including any property taxes which may be assessed after the Close of Escrow but which pertain to the period prior to the transfer of title to the Property to Buyer, regardless of when or to whom notice thereof is delivered; and (ii) any bond or assessment that constitutes a lien on the Property at the Close of Escrow shall be assumed by Buyer. 12.Buyer’s Conditions to Closing.The Close of Escrow and Buyer’s obligation to purchase the Property are conditioned upon: (i) the performance by Seller of each obligation to be performed by Seller under this Agreement within the applicable time period, or the waiver by Buyer of such obligation; (ii) Seller’s representations and warranties contained in this Agreement being true and correct in all material respects as of the Effective Date and, subject to the provisions of Section 14(C), as of the Close of Escrow; and (iii) the commitment by Title 000299.0055\3458717.3 7 Company to issue and deliver the Title Policy, subject only to the Permitted Exceptions and payment of the regularly scheduled premium therefor. Should any condition to closing fail to occur, excepting any such conditions that have been waived by Buyer,Buyer shall have the right, exercisable by giving written notice to Seller and subject to the notice and cure provisions of Section 19, to cancel the Escrow, terminate this Agreement, and recover any and all amounts paid by Buyer to Seller or deposited with the Escrow Agent by or on behalf of Buyer. The exercise of this right by Buyer shall not constitute a waiver by Buyer of any other rights Buyer may have at law or in equity. 13.Seller’s Conditions to Closing.The Close of Escrow and Seller’s obligation to sell the Property pursuant to this Agreement are conditioned upon: (i) the performance by Buyer of each obligation to be performed by Buyer under this Agreement within the applicable time period, or waiver by Seller of such obligation; and (ii) Buyer’s representations and warranties contained in this Agreement being true and correct in all material respects as of the Effective Date and the Close of Escrow. Should any condition to closing fail to occur, excepting any such conditions that have been waived bySeller, Sellershall have the right, exercisable by giving written notice to Buyer and subject to the notice and cure provisions of Section 19, to cancel the Escrowandterminate this Agreement. The exercise of this right by Seller shall not constitute a waiver by Seller of any other rights Seller may have at law or in equity. 14.Seller’s Representations and Warranties.Seller hereby represents and warrants that, except as disclosed in the Environmental Reports and other Disclosure Materials, or as otherwise disclosed in writing to Buyer, as of the Effective Date: (i) to Seller’s actual knowledge there are no buried or partially buried storage tanks located on the Property; (ii) Seller has received no written notice, warning, notice of violation, administrative complaint, judicial complaint, or other formal or informal notice alleging that conditions on the Property are in violation of any environmental law or informing Seller that the Property is subject to investigation or inquiry regarding Hazardous Materials on the Property or the potential violation of any environmental law; (iii) to Seller’s actual knowledge there is no monitoring program required by the Environmental Protection Agency or any other governmental agency currently in effect concerning theProperty; (iv) to Seller’s actual knowledge the Property has never been used as a dump or landfill; (v)to Seller’s actual knowledge Seller has disclosed to Buyer all material information, records, and studies in Seller’s possession or reasonably available to Seller relating to the Property concerning Hazardous Materials; (vi)Seller has not received any notice from any Authority of any threatened or pending zoning, building, fire, or health code violation or violation of other governmental regulations concerning the Property that have not previously been corrected; (vii)no contracts, licenses, leases or commitments regarding the maintenance or use of the Property or allowing any third party rights to use the Property are in force which affect the Propertyor which will survive Close of Escrow; (viii) to Seller’s actual knowledge there are no threatened or pending actions, suits, or administrative proceedings against or affecting the Property or any portion thereof or the interest of Seller in the Property;(ix) to Seller’s actual knowledge there are no threatened or pending condemnation, eminent domain, or similar proceedings affecting the Property or any portion thereof; (x) Seller has not received any notice from any insurer of defects of the Property which have not been corrected; (xi) Sellerhas no 000299.0055\3458717.3 8 actual knowledge that any information that Seller has delivered to Buyer, either directly or through Seller’s agents, is inaccurate or incompletein any material respect; (xii) Seller is not a “foreign person”under Section 1445 of the Internal Revenue Code; and (xiii) Seller has disclosed all material facts concerning the Property which are actually known to Seller. Seller further represents and warrants that this Agreement and all other documents delivered orto be delivered in connection herewith prior to or at the Close of Escrow: (a) have been duly authorized, executed, and delivered by Seller; (b) are binding obligations of Seller; (c)are collectively sufficient to transfer all of Seller’s right, title and interest in and to the Property; and (d) do not violate the provisions of any agreement to which Seller is a party or which affects the Property. Seller further represents and warrants that the person(s) who has (have) executed this Agreement on behalf of Seller is (are) authorized to do, that Seller has the legal right to enter into this Agreement and to perform all of its terms and conditions, and that this Agreement is enforceable against Seller in accordance with its terms. Each of the representations and warranties made by Seller inclauses (v), (vii), (xii) and (xiii) of the first paragraph of this Section 14shall be deemed to be made again as of Close of Escrow.Seller shall notify Buyer if Seller becomes aware of any facts that would cause anyof the representations contained in this Agreement to be materially untrue as of the Close of Escrow and which would adversely affect the development of the Property. If, before the Closing Date, Buyer reasonably believes that a fact so disclosed by Seller materially (i.e., reasonably likely to cost in excess of $100,000 to correct) and adversely affects development of the Property, Buyer shall have the option to terminate this Agreement by delivering written notice thereof to Seller. In the event Buyer elects to terminate this Agreement, any funds and documents deposited into Escrow by or on behalf of Buyer shall be returned to Buyer, and all rights and obligations hereunder shall terminate unless expressly stated herein to survive termination. In the event Buyer elects to proceed to Close of Escrow notwithstanding Buyer’s knowledge of the material, adverse condition, Buyer shall be deemed to have accepted the subject condition to the same extent as if Buyer had discovered the condition itself and had nevertheless approved said condition. Seller shall indemnify, defend and hold harmless Buyer from all loss, cost, liability, expense, damage or other injury, including without limitation, attorneys’fees and all other costs and expenses incurred by reason of, or in any manner resulting from the breach of any representation or warranty contained in this Section. This indemnification shall survive termination of this Agreement and the consummation of the Close of Escrow. Seller makes no representation or warranty other than those specifically and expressly stated in this Section14. Seller makes no representation, express or implied, that the Property or its condition is suitable for the Buyer’s intended use. As used in this Agreement, the phrase “Seller’s actual knowledge” and other references to Seller’s knowledgerefers only to the actual knowledge of Stuart Cook, without having conducted, and without any obligation to conduct, any independent investigation orinquiry. 15.Seller’s Covenants.Seller covenants that from the Effective Date and through the Closing Date, Seller: (i) shall not permit any liens, encumbrances, or easements to be placed on the Property, other than Permitted Exceptions; (ii) shall not market the Property or negotiate, 000299.0055\3458717.3 9 solicit, accept orenter into any letter of intent, offer, non-disclosure agreement, option agreement, purchase agreement, lease agreement or any other agreement regarding the use, sale, rental, management, repair, improvement, or any other matter affecting the Property that would be binding on Buyer or the Property after the Close of Escrow without the prior written consent of Buyer; (iii) shall not permit any act of waste or act that would tend to diminish the value of the Property for any reason, except that caused by ordinary wear and tear; and (iv) shall, except to the extent of Buyer’s obligations under Section 6(D)of this Agreement,maintain the Property in its condition as of the Effective Date, ordinary wear and tear excepted, and shall manage the Property substantially in accordance with Seller’s established practices. 16.Buyer’s Representations, Warranties and Covenants.Buyer represents, warrants and covenants that this Agreement and all other documents delivered in connection herewith, prior to or at the Close of Escrow: (i) have been duly authorized, executed, and delivered by Buyer; (ii) are binding obligations of Buyer; and (iii) do not violate the provisions of any agreement to which Buyer is a party. Buyer further represents and warrants that the persons who have executed this Agreement on behalf of Buyer are duly authorized to do, that Buyer has the legal right to enter into this Agreement and to perform all of its terms and conditions, and that the Agreement is enforceable against Buyer in accordance with itsterms. 17.Indemnification. (A)Seller Indemnification. Seller agrees to defend, indemnify and hold Buyer harmless from and against any and all claims, liens, demands, losses, damages, liabilities, fines, penalties, charges, administrative and judicial proceedings and orders, and all costs incurred in connection therewith (including without limitation actual attorneys’fees and costs of experts and consultants) arising from (i) any obligation of Seller not expressly assumed by the Buyer related to the ownershipor operation of the Property prior to the Closing Date, but excluding any obligation related to existing Hazardous Materials; and (ii) the breach of any of Seller’s representations made under this Agreement. The indemnity contained in this subsection shall survive the termination of this Agreement and the consummation of the Close of Escrow. (B)Buyer Indemnification. Buyer agrees to defend, indemnify and hold Seller harmless from and against any and all claims, liens, demands, losses, damages, liabilities, fines, penalties, charges, administrative and judicial proceedings and orders, and all costs incurred in connection therewith (including without limitation actual attorneys’fees and costs of experts and consultants) arising from (i) any obligation of Buyer related to the ownership or operation of the Property after the Closing Date; and (ii) the breach of any of Buyer’s representations made under this Agreement. The indemnity contained in this section shall survive the termination of this Agreement and the consummation of the Close of Escrow. 18.Damage and Destruction.In the event of any damage or other loss to the Property, or any portion thereof, caused by fire or other casualty prior to the Close of Escrow, Seller shall have no responsibility therefor (except to the extent caused by the willful acts or omissions of Seller or Seller’s Authorized Representatives) and Buyer shall not be entitled to terminate this Agreement, but shall be obligated to close the escrow and purchase the Property as provided in this Agreement, without abatement in the Purchase Price. 000299.0055\3458717.3 10 19.Defaults, Remedies, Termination. Either Party shall be in default of this Agreement (“Default”) if such Party fails to keep, observe or perform any of its covenants, duties or obligations under this Agreement, and the default continues for a period of thirty (30) days, unless a different time period is specified herein, after written notice thereof from the non- defaulting Party to the defaulting Party, or in the case of a Default that cannot with due diligence be cured within thirty (30) days or other time specified for herein, the defaulting Party fails to prosecute the curing of such Default with due diligence and in good faith to completion. Either Party shall have the right to terminate this Agreement upon a Default and expiration of any applicable cure period, and in accordance with the terms of this Agreement, in addition to pursuing all remedies available under law or equity. Except as otherwise provided herein, the rights and remedies of the Parties shall be cumulative; provided, however, that neither Party shall have a right to recover consequential damages. 20.Brokers.Each Party warrants and represents to the other that no person or entity can properly claim a right to a real estate commission, brokerage fee, finder’s fee, or other compensation with respect to the transaction contemplated by this Agreementas a result of that Party’s acts. Each Party agrees to defend, indemnify and hold harmless the other Party from any claims, expenses, costs or liabilities arising in connection with a breach of this warranty and representation. The terms of this Section shall survive the termination of this Agreement and the consummation of the Close of Escrow. 21.Assignment.Subject to the following paragraph, Buyer may not assign this Agreement or its rights and obligations hereunder without first obtaining Seller’s written approval of such assignment, which approval may be granted or withheld in Seller’s sole discretion. Concurrent with the Close of Escrow, Buyer shall have the absolute right to assign all of its rights and obligations under this Agreement, or substitute for itself a nominee, to any partnership, limited liability company or corporationthat will take title to the Property at the Closing, provided that said assignee assumes the provisions of this Agreement in writing, for the benefit of the Seller. Notice to Seller of such assignment shall be in the form of a fully-executed original assignment and assumption agreementin the form attached to this Agreement as Exhibit E.No such assignment shall release Buyerfrom its obligations under this Agreement. Seller shall not have the right to assign all or any portion of its interest in this Agreement without Buyer’s prior written consent. 22.Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (i)personal delivery, in which case notice is effective upon delivery; or (ii)certified or registered mail, return receipt requested, in which case notice shall be deemed delivered on receipt if delivery is confirmed by a return receipt; or 000299.0055\3458717.3 11 (iii)nationally recognized overnight courier, with charges prepaid or charged to the sender’s account, in which case notice is effective on delivery if delivery is confirmed by the delivery service; or (iv)email transmission, in which case notice shall be deemed delivered upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first- class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting the accurate transmission thereof. Any notice given by email shallbe considered to have been received on the next Business Day if it is received after 5:00 p.m. recipient’s time or on a non-Business Day. City of Dublin Buyer: 100 Civic Plaza Dublin, CA 94568 (925) 833-6650 Attention To: Chris Foss, City Manager Surplus Property Authority of Alameda County Seller: 224 West Winton Avenue, Room 110 Hayward, California 94544 Attn.: Stuart Cook Email: stuart.cook@acgov.org Surplus Property Authority of Alameda County With a copy to: 224 West Winton Avenue, Room 110 Hayward, California 94544 Attn.: Director of Community Development Email: chris.bazar@acgov.org Wendel, Rosen, Black & Dean LLP And an additional copy to: 1111 Broadway, Suite 2400 Oakland, California 94607 Attn.: Timothy S. Williams Email: twilliams@wendel.com Title Company:Chicago Title Company One Kaiser Plaza, Suite 745 Oakland, California94612 Attn: Laurie J. Edwards, Vice President Email: EdwardsL@CTT.com 23.Litigation Costs.If any legal action or any other proceeding, including arbitration or action for declaratory relief, is brought for the enforcement of this Agreement or because of an alleged breach or default in connection with this Agreement, the prevailing Party shall be entitled to recover reasonable attorneys’fees and other costs, in additionto any other relief to which such Party may be entitled. 000299.0055\3458717.3 12 24.Waivers; Modification.No waiver of any Default or breach of any covenant or provision of this Agreement shall be deemed a waiver of any other Default, covenant or provision hereof, 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, and no extension shall be valid unless in writing and executed by the waiving Party. This Agreement may be amended or modified only by a written instrument executed by the Parties. 25.Successors.This Agreement shall bind and inure to the benefit of the respective personal representatives, successors and assignees of the Parties. 26.Provisions Not Merged With Deed.None of the provisions, terms, representations, warranties and covenants of this Agreement are intended to or shall be merged by the Grant Deed, and neither the Grant Deed nor any other document shall affect or impair the provisions, terms, representations, warranties and covenants contained herein. Without limiting the generality of the foregoing, Seller’s representations, warranties and covenants contained herein shall survive the Close of Escrow. 27.Construction.The section headings used herein are solely for convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this Agreement is the product of negotiation and compromise on the part of both Parties, and the Parties agree, that since both Parties have participated in the negotiation and drafting of this Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 28.Action or Approval.Where action and/or approval by Buyer is required under this Agreement, Buyer’s City Manager may act on and/or approve such matter unless the City Manager determines in his or her discretion that such action or approval requires referral to City Council for consideration. The time periods afforded Buyer for any event, inspection, feasibility, due diligence, escrow closing or otherwise shall not be extended by any such referral to the City Council. 29.Entire Agreement.This Agreement, including Exhibits A,B,C,Dand E attached hereto and incorporated herein by this reference, contains the entire agreement between the Parties with respect to the subject matter hereof, and supersedes all prior writtenor oral agreements, understandings, representations or statements between the Parties with respect to the subject matter thereto. 30.Counterparts.This Agreement may be executed in one or more counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. 31.Severability.If any term, provision, or condition of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement shall continue in full force and effect unless the rights and obligations of the Parties have been materially altered or abridged thereby. 000299.0055\3458717.3 13 32.No Third Party Beneficiaries.Nothing in this Agreement is intended to or shall confer upon any person, other than the Parties and their respective successors and assigns, any rights or remedies hereunder. 33.Parties Not Co-Venturers.Nothing in this Agreement is intended to or shall establish the Parties as partners, co-venturers, or principal and agent with one another. 34.Non-Liability of Officials, Employees and Agents.No member, official, employee or agent of Buyer or Seller shall be personally liable to the other Party or its successors in interest in the event of any Default or breach by a Party or for any amount which may become due to a Party or its successors in interest pursuant to this Agreement. 35.Time of the Essence.Time is of the essence for each condition, term, obligation and provision of this Agreement. 36.Governing Law.This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. 37.Definitions. In addition to other defined words and phrases in this Agreement, the following defined phrases have the following meanings: (A)“EffectiveDate” means the date by which Buyer has executed and delivered the Agreement to Seller and the Agreement has been approved by the Alameda County Board of Supervisors. Seller will promptly notify Buyer of the approval of the Agreement by the Alameda County Board of Supervisors and will deliver a fully-executed copy of the Agreement (including Escrow Agent’s execution of the attached Acceptance by EscrowAgent) upon execution by Seller and EscrowAgent. (B)“Authorized Representatives” refers to the directors, officers, employees, partners, agents or contractors retained by, or employed by a Party. (C)“Business Day” means any day other than: (i) a Saturday, (ii) a Sunday, or (iii) days on which branches of national banks located in Alameda County, California areclosed. Any deadline, unless otherwise set forth in this Agreement, will expire at 5:00 p.m., local time in Alameda County, California. Should any deadline or date in this Agreement fall on a day other than a Business Day, such deadline or date will be extended until the next Business Day. [SIGNATURES ON FOLLOWING PAGE] 000299.0055\3458717.3 14 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. SELLER:BUYER: SURPLUS PROPERTY AUTHORITY OF CITY OF DUBLIN, a California municipal ALAMEDA COUNTY, a public corporationcorporation By: _______________________________By: _______________________________ Name:_______________________________Name:_______________________________ Title:_______________________________Title:_______________________________ APPROVED AS TO FORM:APPROVED AS TO FORM: Donna Ziegler, County Counsel By: _________________________________By: _________________________________ William Fleishhacker, Deputy County Counsel ATTEST:ATTEST: ______________________________________________________________________ Clerk, Board of Supervisors and Surplus PropertyAuthority, County of Alameda 000299.0055\3458717.3 15 ACCEPTANCE BY ESCROW AGENT Escrow Agent hereby acknowledges that it has received a fully executed counterpart of the foregoing Purchase and Sale Agreement and Joint Escrow Instructions and agrees to act as Escrow Agent thereunder and to be bound by and perform the terms there of as such terms apply to EscrowAgent. CHICAGO TITLE COMPANY Dated: _______________, 2014 By:_______________________________ Name:Laurie Edwards Title:Vice President 000299.0055\3458717.3 16 Exhibit A LEGAL DESCRIPTION Parcels C and 3, Parcel Map 7395, filed October 31, 2000, Book 254 of Parcel Maps, Page 28, Alameda County Records. Assessor’s Parcel No.986-0034-002 (Parcel C) and 006 (Parcel 3) A-1Purchase and Sale Agreement 000299.0055\3458717.3 Exhibit B Recording Requested by and when Recorded, return to: EXEMPT FROM RECORDING FEESPER GOVERNMENT CODE §§6103, 27383 (SPACE ABOVE THIS LINE RESERVED FOR RECORDER’S USE) GRANT DEED For valuable consideration, receipt of which is hereby acknowledged, Surplus Property Authorityof Alameda County,a publiccorporation, hereby grants to the [City of Dublin, a California municipal corporation] or [_______________ [Assignee]] all that real property locatedin the City of Dublin, County of Alameda, State of California described in Exhibit A attached hereto and incorporated herein. IN WITNESS WHEREOF, Grantor has executed this Grant Deed as of ________________, 201_. GRANTOR SURPLUS PROPERTY AUTHORITY OF ALAMEDA COUNTY, a public corporation By: _______________________________ Name:_______________________________ Title:_______________________________ 000299.0055\3458717.3 EXHIBIT A to Grant Deed (Attach legal description.) A-1Purchase and Sale Agreement 000299.0055\3458717.3 State of California) ) ss. County of Alameda ) On_____________________, 20____ before me, _____________________, a Notary Public, in and for said State and County, personally appeared _______________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. _______________________________ NOTARY PUBLIC A-2Purchase and Sale Agreement 000299.0055\3458717.3 Exhibit C PRELIMINARY REPORT A-1Purchase and Sale Agreement 000299.0055\3458717.3 CLTA Preliminary Report Form - Modified (11/17/06) ATTACHMENT ONE AMERICAN LAND TITLE ASSOCIATION RESIDENTIAL TITLE INSURANCE POLICY (6-1-87) EXCLUSIONS In addition to the Exceptions in Schedule B, you are not insured 3. Title Risks: against loss, costs, attorneys' fees, and expenses resulting from: that are created, allowed, or agreed to by you É 1. Governmental police power, and the existence or violation that are known to you, but not to us, on the Policy É of any law or government regulation. This includes building Date-unless they appeared in the public records and zoning ordinances and also laws and regulations that result in no loss to you É concerning: that first affect your title after the Policy Date - this does É land use not limit the labor and material lien coverage in Item 8 of É improvements on the land Covered Title Risks É land division 4. Failure to pay value for your title. É environmental protection 5. Lack of a right: É This exclusion does not apply to violations or the to any land outside the area specifically described and É enforcement of these matters which appear in the public referred to in Item 3 of Schedule A records at policy date. or This exclusion does not limit the zoning coverage described in streets, alleys, or waterways that touch your land É in Items 12 and 13 of Covered Title Risks. This exclusion does not limit the access coverage in Item 5 2. The right to take the land by condemning it, unless: of Covered Title Risks. a notice of exercising the right appears in the public É records on the Policy Date the taking happened prior to the Policy Date and is É binding on you if you bought the land without knowledge of the taking In addition to the Exclusions, you are not insured against loss, 3. Any facts about the land which a correct survey would costs, attorneys' fees, and the expenses resulting from: disclose and which are not shown by the public records. This 1. Any rights, interests, or claims of parties in possession of the does not limit the forced removal coverage in Item 12 of land not shown by the public records. Covered Title Risks. 2. Any easements or liens not shown by the public records. 4. Any water rights or claims or title to water in or under the This does not limit the lien coverage in Item 8 of Covered land, whether or not shown by the public records. Title Risks. Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - 1990 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage (a) whether or not recorded in the public records at Date of of this policy and the Company will not pay loss or damage, Policy, but created, suffered, assumed or agreed to by the costs, attorneys' fees or expenses which arise by reason of: insured claimant; 1. (a) Any law, ordinance or governmental regulation (b) not known to the Company, not recorded in the public (including but not limited to building and zoning laws, records at Date of Policy, but known to the insured claimant ordinances, or regulations) restricting, regulating, and not disclosed in writing to the Company by the insured prohibiting or relating (i) the occupancy, use, or enjoyment claimant prior to the date the insured claimant became an of the land; (ii) the character, dimensions or location of any insured under this policy; improvement now or hereafter erected on the land; (iii) a (c) resulting in no loss or damage to the insured claimant; separation in ownership or a change in the dimensions or (d) attaching or created subsequent to Date of Policy; or area of the land or any parcel of which the land is or was a (e) resulting in loss or damage which would not have been part; or (iv) environmental protection, or the effect of any sustained if the insured claimant had paid value for the violation of these laws, ordinances or governmental insured mortgage or for the estate or interest insured by this regulations, except to the extent that a notice of the policy. enforcement thereof or a notice of a defect, lien or 4. Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at the inability or failure of any subsequent owner of the indebtedness, to comply with the applicable doing business Date of Policy. (b) Any governmental police power not excluded by (a) laws of the state in which the land is situated. 5. Invalidity or unenforceability of the lien of the insured above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting mortgage, or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is based from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. upon usury or any consumer credit protection or truth in lending law. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of 6. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by this policy or the Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy, state on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims, or other insolvency or similar creditors' rights laws. matters: SCHEDULE B, PART I EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: PART I 1. Taxes or assessments which are not shown as existing liens 4. Discrepancies, conflicts in boundary lines, shortage in area, by the records of any taxing authority that levies taxes or encroachments, or any other facts which a correct survey assessments on real property or by the public records. would disclose, and which are not shown by the public Proceedings by a public agency which may result in taxes or records. assessments, or notices of such proceedings, whether or not 5. (a) Unpatented mining claims; (b) reservations or exceptions shown by the records of such agency or by the public in patents or in Acts authorizing the issuance thereof; (c) records. water rights, claims or title to water, whether or not the 2. Any facts, rights, interests or claims which are not shown by matters excepted under (a), (b), or (c) are shown by the the public records but which could be ascertained by an public records. inspection of the land or which may be asserted by persons 6. Any lien or right to a lien for services, labor or material not in possession thereof. shown by the public records. 3. Easements, liens or encumbrances, or claims thereof, not shown by the public records. Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) FORMERLY AMERICAN LAND TITLE ASSOCIATION LOAN POLICY (10-17-92) WITH A.L.T.A. ENDORSEMENT-FORM 1 COVERAGE EXCLUSIONS FROM COVERAGE labor or material or to the extent insurance is afforded herein The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, as to assessments for street improvements under construction or completed at Date of Policy); or costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, insured mortgage. 4. Unenforceability of the lien of the insured mortgage because prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or of the inability or failure of the insured at Date of Policy, or the inability or failure of any subsequent owner of the location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the indebtedness, to comply with applicable doing business laws of the state in which the land is situated. dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the 5. Invalidity or unenforceability of the lien of the insured mortgage, or claim thereof, which arises out of the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice transaction evidenced by the insured mortgage and is based upon usury or any consumer credit protection or truth in of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation lending law. 6. Any statutory lien for services, labor or materials (or the affecting the land has been recorded in the public records at Date of Policy. claim of priority of any statutory lien for services, labor or materials over the lien of the insured mortgage) arising from (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise an improvement or work related to the land which is contracted for and commenced subsequent to Date of Policy thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has and is not financed in whole or in part by proceeds of the been recorded in the public records at Date of Policy. indebtedness secured by the insured mortgage which at Date 2. Rights of eminent domain unless notice of the exercise of Policy the insured has advanced or is obligated to thereof has been recorded in the public records at Date of advance. Policy, but not excluding from coverage any taking which 7. Any claim, which arises out of the transaction creating the has occurred prior to Date of Policy which would be binding interest of the mortgagee insured by this policy, by reason of on the rights of a purchaser for value without knowledge. the operation of federal bankruptcy, state insolvency, or 3. Defects, liens, encumbrances, adverse claims, or other similar creditors' rights laws, that is based on: matters: (i) the transaction creating the interest of the insured (a) created, suffered, assumed or agreed to by the insured mortgagee being deemed a fraudulent conveyance or claimant; fraudulent transfer; or (b) not known to the Company, not recorded in the public (ii) the subordination of the interest of the insured mortgagee records at Date of Policy, but known to the insured claimant as a result of the application of the doctrine of equitable and not disclosed in writing to the Company by the insured subordination; or claimant prior to the date the insured claimant became an (iii) the transaction creating the interest of the insured insured under this policy; mortgagee being deemed a preferential transfer except (c) resulting in no loss or damage to the insured claimant; where the preferential transfer results from the failure: (d) attaching or created subsequent to Date of Policy (except (a) to timely record the instrument of transfer; or to the extent that this policy insures the priority of the lien of (b) of such recordation to impart notice to a purchaser for the insured mortgage over any statutory lien for services, value or a judgement or lien creditor. The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: 1. Taxes or assessments which are not shown as existing liens 4. Discrepancies, conflicts in boundary lines, shortage in area, by the records of any taxing authority that levies taxes or encroachments, or any other facts which a correct survey assessments on real property or by the public records. would disclose, and which are not shown by the public Proceedings by a public agency which may result in taxes or records. assessments, or notices of such proceedings, whether or not 5. (a) Unpatented mining claims; (b) reservations or exceptions shown by the records of such agency or by the public in patents or in Acts authorizing the issuance thereof; (c) records. water rights, claims or title to water, whether or not the 2. Any facts, rights, interests or claims which are not shown by matters excepted under (a), (b) or (c) are shown by the public the public records but which could be ascertained by an records. inspection of the land or which may be asserted by persons 6. Any lien or right to a lien for services, labor or material not in possession thereof. shown by the public records. 3. Easements, liens or encumbrances, or claims thereof, not shown by the public records. Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) 2006 AMERICAN LAND TITLE ASSOCIATION LOAN POLICY (06-17-06) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: (however, this does not modify or limit the coverage provided under Covered Risk 11, 13, or 14); or 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; Insured Mortgage. 4. Unenforceability of the lien of the Insured Mortgage (ii) the character, dimensions, or location of any improvement erected on the Land; because of the inability or failure of an Insured to comply (iii) the subdivision of land; or with applicable doing-business laws of the state where the (iv) environmental protection; Land is situated. or the effect of any violation of these laws, ordinances, or 5. Invalidity or unenforceability in whole or in part of the lien governmental regulations. This Exclusion 1(a) does not of the Insured Mortgage that arises out of the transaction modify or limit the coverage provided under Covered evidenced by the Insured Mortgage and is based upon usury Risk 5. or any consumer credit protection or truth-in-lending law. (b) Any governmental police power. This Exclusion 1(b) 6. Any claim, by reason of the operation of federal bankruptcy, does not modify or limit the coverage provided under state insolvency, or similar creditors’ rights laws, that the Covered Risk 6. transaction creating the lien of the Insured Mortgage, is 2. Rights of eminent domain. This Exclusion does not modify (a) a fraudulent conveyance or fraudulent transfer, or or limit the coverage provided under Covered Risk 7 or 8. (b) a preferential transfer for any reason not stated in 3. Defects, liens, encumbrances, adverse claims, or other Covered Risk 13(b) of this policy. matters 7. Any lien on the Title for real estate taxes or assessments (a) created, suffered, assumed, or agreed to by the Insured imposed by governmental authority and created or attaching Claimant; between Date of Policy and the date of recording of the (b) not Known to the Company, not recorded in the Public Insured Mortgage in the Public Records. This Exclusion Records at Date of Policy, but Known to the Insured does not modify or limit the coverage provided under Claimant and not disclosed in writing to the Company by the Covered Risk 11(b). Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees or expenses) that arise by reason of: 1. (a) Taxes or assessments that are not shown as existing liens 4. Any encroachment, encumbrance, violation, variation, or by the records of any taxing authority that levies taxes or adverse circumstance affecting the Title that would be assessments on real property or by the Public Records; disclosed by an accurate and complete land survey of the (b) proceedings by a public agency that may result in taxes Land and not shown by the Public Records. or assessments, or notices of such proceedings, whether or 5. (a) Unpatented mining claims; (b) reservations or exceptions not shown by the records of such agency or by the Public in patents or in Acts authorizing the issuance thereof; (c) Records. water rights, claims or title to water, whether or not the 2. Any facts, rights, interests, or claims that are not shown by matters excepted under (a), (b), or (c) are shown by the the Public Records but that could be ascertained by an Public Records. inspection of the Land or that may be asserted by persons in 6. Any lien or right to a lien for services, labor or material not possession of the Land. shown by the Public Records. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) FORMERLY AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY (10-17-92) EXCLUSIONS FROM COVERAGE 3. Defects, liens, encumbrances, adverse claims, or other The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, matters: (a) created, suffered, assumed or agreed to by the insured costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation claimant; (b) not known to the Company, not recorded in the public (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or claimant prior to the date the insured claimant became an insured under this policy; location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy, or dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice or interest insured by this policy. 4. Any claim, which arises out of the transaction vesting in the of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or affecting the land has been recorded in the public records at Date of Policy. similar creditors' rights laws, that is based on: (b) Any governmental police power not excluded by (a) (i) the transaction creating the estate or interest insured by above, except to the extent that a notice of the exercise this policy being deemed a fraudulent conveyance or thereof or a notice of a defect, lien or encumbrance resulting fraudulent transfer; or from a violation or alleged violation affecting the land has (ii) the transaction creating the estate or interest insured by been recorded in the public records at Date of Policy. this policy being deemed a preferential transfer except where 2. Rights of eminent domain unless notice of the exercise the preferential transfer results from the failure: thereof has been recorded in the public records at Date of (a) to timely record the instrument of transfer; or Policy, but not excluding from coverage any taking which (b) of such recordation to impart notice to a purchaser for has occurred prior to Date of Policy which would be binding value or a judgement or lien creditor. on the rights of a purchaser for value without knowledge. The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: 1. Taxes or assessments which are not shown as existing liens 4. Discrepancies, conflicts in boundary lines, shortage in area, by the records of any taxing authority that levies taxes or encroachments, or any other facts which a correct survey assessments on real property or by the public records. would disclose, and which are not shown by the public Proceedings by a public agency which may result in taxes or records. assessments, or notices of such proceedings, whether or not 5. (a) Unpatented mining claims; (b) reservations or exceptions shown by the records of such agency or by the public in patents or in Acts authorizing the issuance thereof; (c) records. water rights, claims or title to water, whether or not the 2. Any facts, rights, interests or claims which are not shown by matters excepted under (a), (b) or (c) are shown by the public records. the public records but which could be ascertained by an inspection of the land or which may be asserted by persons 6. Any lien or right to a lien for services, labor or material not in possession thereof. shown by the public records. 3. Easements, liens or encumbrances, or claims thereof, not shown by the public records. Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) 2006 AMERICAN LAND TITLE ASSOCIATION OWNER’S POLICY (06-17-06) EXCLUSIONS FROM COVERAGE (b) not Known to the Company, not recorded in the Public The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or improvement erected on the Land; (iii) the subdivision of land; or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the (iv) environmental protection; or the effect of any violation of these laws, ordinances, or Title. 4. Any claim, by reason of the operation of federal bankruptcy, governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered state insolvency, or similar creditors’ rights laws, that the transaction vesting the Title as shown in Schedule A, is Risk 5. (b) Any governmental police power. This Exclusion 1(b) (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in does not modify or limit the coverage provided under Covered Risk 6. Covered Risk 9 of this policy. 2. Rights of eminent domain. This Exclusion does not modify 5. Any lien on the Title for real estate taxes or assessments or limit the coverage provided under Covered Risk 7 or 8. imposed by governmental authority and created or attaching 3. Defects, liens, encumbrances, adverse claims, or other between Date of Policy and the date of recording of the deed matters or other instrument of transfer in the Public Records that (a) created, suffered, assumed, or agreed to by the Insured vests Title as shown in Schedule A. Claimant; The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees or expenses) that arise by reason of: 1. (a) Taxes or assessments that are not shown as existing liens 4. Any encroachment, encumbrance, violation, variation, or by the records of any taxing authority that levies taxes or adverse circumstance affecting the Title that would be assessments on real property or by the Public Records; (b) disclosed by an accurate and complete land survey of the Land and not shown by the Public Records. proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not 5. (a) Unpatented mining claims; (b) reservations or exceptions shown by the records of such agency or by the Public in patents or in Acts authorizing the issuance thereof; (c) Records. water rights, claims or title to water, whether or not the 2. Any facts, rights, interests, or claims that are not shown by matters excepted under (a), (b), or (c) are shown by the the Public Records but that could be ascertained by an Public Records. inspection of the Land or that may be asserted by persons in 6. Any lien or right to a lien for services, labor or material not possession of the Land. shown by the Public Records. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) CLTA HOMEOWNER'S POLICY OF TITLE INSURANCE (10-22-03) ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (10-22-03) EXCLUSIONS In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from: 1. Governmental police power, and the existence or violation b. the taking happened before the Policy Date and is binding on You if You bought the Land without Knowing of any law or government regulation. This includes ordinances, laws and regulations concerning: of the taking. 4. Risks: a. building b. zoning a. that are created, allowed, or agreed to by You, whether or not they appear in the Public Records; c. Land use d. improvements on Land b. that are Known to You at the Policy Date, but not to Us, unless they appear in the Public Records at the Policy e. Land division f. environmental protection Date; c. that result in no loss to You; or This Exclusion does not apply to violations or the enforcement of these matters if notice of the violation or enforcement appears d. that first occur after the Policy Date - this does not limit the coverage described in Covered Risk 7, 8.d, 22, 23, 24 in the Public Records at the Policy Date. This Exclusion does not limit the coverage described in or 25. 5. Failure to pay value for Your Title. Covered Risk 14, 15, 16, 17 or 24. 2. The failure of Your existing structures, or any part of them, 6. Lack of a right: a. to any Land outside the area specifically described and to be constructed in accordance with applicable building codes. This Exclusion does not apply to violations of referred to in paragraph 3 of Schedule A; and b. in streets, alleys, or waterways that touch the Land. building codes if notice of the violation appears in the Public Records at the Policy Date. This Exclusion does not limit the coverage described in Covered Risk 11 or 18. 3. The right to take the Land by condemning it, unless: a. notice of exercising the right appears in the Public Records at the Policy Date; or LIMITATIONS ON COVERED RISKS Your insurance for the following Covered Risks is limited on the Owner’s Coverage Statement as follows: For Covered Risk 14, 15, 16 and 18, Your Deductible Amount and Our Maximum Dollar É Limit of Liability shown in Schedule A. The deductible amounts and maximum dollar limits shown on Schedule A are as follows: Your Deductible Amount Our Maximum Dollar Limit of Liability Covered Risk 14: 1.00% of Policy Amount $ 10,000.00 or $ 2,500.00 (whichever is less) Covered Risk 15: 1.00% of Policy Amount $ 25,000.00 or $ 5,000.00 (whichever is less) Covered Risk 16: 1.00% of Policy Amount $ 25,000.00 or $ 5,000.00 (whichever is less) Covered Risk 18: 1.00% of Policy Amount $ 5,000.00 or $ 2,500.00 (whichever is less) Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) CLTA HOMEOWNER'S POLICY OF TITLE INSURANCE (02-03-10) ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (02-03-10) EXCLUSIONS In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from: b. that are Known to You at the Policy Date, but not to Us, 1. Governmental police power, and the existence or violation of those portions of any law or government regulation unless they are recorded in the Public Records at the concerning: Policy Date; a. building; c. that result in no loss to You; or d. that first occur after the Policy Date - this does not limit b. zoning; c. land use; the coverage described in Covered Risk 7, 8.e., 25, 26, 27 or 28. d. improvements on the Land; e. land division; and 5. Failure to pay value for Your Title. 6. Lack of a right: f. environmental protection. This Exclusion does not limit the coverage described in a. to any land outside the area specifically described and referred to in paragraph 3 of Schedule A; and Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23 or 27. 2. The failure of Your existing structures, or any part of them, b. in streets, alleys, or waterways that touch the Land. This Exclusion does not limit the coverage described in to be constructed in accordance with applicable building codes. This Exclusion does not limit the coverage described Covered Risk 11 or 21. 7. The transfer of the Title to You is invalid as a preferential in Covered Risk 14 or 15. 3. The right to take the Land by condemning it. This Exclusion transfer or as a fraudulent transfer or conveyance under federal bankruptcy, state insolvency, or similar creditors’ does not limit the coverage described in Covered Risk 17. 4. Risks: rights laws. a. that are created, allowed, or agreed to by You, whether or not they are recorded in the Public Records; LIMITATIONS ON COVERED RISKS Your insurance for the following Covered Risks is limited on the Owner’s Coverage Statement as follows: For Covered Risk 16, 18, 19 and 21, Your Deductible Amount and Our Maximum Dollar É Limit of Liability shown in Schedule A. The deductible amounts and maximum dollar limits shown on Schedule A are as follows: Your Deductible Amount Our Maximum Dollar Limit of Liability Covered Risk 16: 1.00% of Policy Amount $ 10,000.00 Shown in Schedule A or $ 2,500.00 (whichever is less) Covered Risk 18: 1.00% of Policy Amount $ 25,000.00 Shown in Schedule A or $ 5,000.00 (whichever is less) Covered Risk 19: 1.00% of Policy Amount $ 25,000.00 Shown in Schedule A or $ 5,000.00 (whichever is less) Covered Risk 21: 1.00% of Policy Amount $ 5,000.00 Shown in Schedule A or $ 2,500.00 (whichever is less) Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) ALTA EXPANDED COVERAGE RESIDENTIAL LOAN POLICY (10/13/01) EXCLUSIONS FROM COVERAGE Covered Risks 8, 16, 18, 19, 20, 21, 22, 23, 24, 25 and 26); The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, or (e) resulting in loss or damage which would not have been costs, attorneys’ fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation sustained if the Insured Claimant had paid value for the Insured Mortgage. (including but not limited to zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to 4. Unenforceability of the lien of the Insured Mortgage because of the inability or failure of the Insured at Date of (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions or location of any improvements now Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with applicable doing business or hereafter erected on the Land; (iii) a separation in ownership or a change in the dimensions or areas of the Land laws of the state in which the Land is situated. 5. Invalidity or unenforceability of the lien of the Insured or any parcel of which the Land is or was a part; or (iv) environmental protection, or the effect of any violation Mortgage, or claim thereof, which arises out of the transaction evidenced by the Insured Mortgage and is based of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof upon usury, except as provided in Covered Risk 27, or any consumer credit protection or truth in lending law. or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the Land has been 6. Real property taxes or assessments of any governmental authority which become a lien on the Land subsequent to recorded in the Public Records at Date of Policy. This exclusion does not limit the coverage provided under Date of Policy. This exclusion does not limit the coverage provided under Covered Risks 7, 8(e) and 26. Covered Risks 12, 13, 14, and 16 of this policy. (b) Any governmental police power not excluded by (a) 7. Any claim of invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage as to advances or above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting modifications made after the Insured has Knowledge that the vestee shown in Schedule A is no longer the owner of the from a violation or alleged violation affecting the Land has been recorded in the Public Records at Date of Policy. This estate or interest covered by this policy. This exclusion does not limit the coverage provided in Covered Risk 8. exclusion does not limit the coverage provided under Covered Risks 12, 13, 14, and 16 of this policy. 8. Lack of priority of the lien of the Insured Mortgage as to each and every advance made after Date of Policy, and all 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the Public Records at Date of interest charged thereon, over liens, encumbrances and other matters affecting the title, the existence of which are Known Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding to the Insured at: (a) The time of the advance; or on the rights of a purchaser for value without Knowledge. 3. Defects, liens, encumbrances, adverse claims or other (b) The time a modification is made to the terms of the Insured Mortgage which changes the rate of interest matters: (a) created, suffered, assumed or agreed to by the Insured charged, if the rate of interest is greater as a result of the modification than it would have been before the Claimant; (b) not Known to the Company, not recorded in the Public modification. This exclusion does not limit the coverage provided in Covered Risk 8. Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the 9. The failure of the residential structure, or any portion thereof to have been constructed before, on or after Date of Policy in Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; accordance with applicable building codes. This exclusion does not apply to violations of building codes if notice of the (c) resulting in no loss damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (this violation appears in the Public Records at Date of Policy. paragraph does not limit the coverage provided under Attachment One (7/26/10) ATTACHMENT ONE (CONTINUED) ALTA EXPANDED COVERAGE RESIDENTIAL LOAN POLICY (07/26/10) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage Insured Mortgage. 4. Unenforceability of the lien of the Insured Mortgage of this policy and the Company will not pay loss or damage, costs, attorneys’ fees or expenses which arise by reason of: because of the inability or failure of an Insured to comply with applicable doing-business laws of the state where the 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, Land is situated. 5. Invalidity or unenforceability in whole or in part of the lien regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; of the Insured Mortgage that arises out of the transaction (ii) the character, dimensions, or location of any evidenced by the Insured Mortgage and is based upon usury, improvement erected on the Land; or any consumer credit protection or truth-in-lending law. (iii) the subdivision of land; or This Exclusion does not modify or limit the coverage (iv) environmental protection; provided in Covered Risk 26. or the effect of any violation of these laws, ordinances, or 6. Any claim of invalidity, unenforceability or lack of priority governmental regulations. This Exclusion 1(a) does not of the lien of the Insured Mortgage as to Advances or modify or limit the coverage provided under Covered modifications made after the Insured has Knowledge that the Risk 5, 6, 13(c), 13(d), 14 or 16. vestee shown in Schedule A is no longer the owner of the (b) Any governmental police power. This Exclusion 1(b) estate or interest covered by this policy. This Exclusion does does not modify or limit the coverage provided under not modify or limit the coverage provided in Covered Covered Risk 5, 6, 13(c), 13(d), 14 or 16. Risk 11. 2. Rights of eminent domain. This Exclusion does not modify 7. Any lien on the Title for real estate taxes or assessments or limit the coverage provided under Covered Risk 7 or 8. imposed by governmental authority and created or attaching 3. Defects, liens, encumbrances, adverse claims, or other subsequent to Date of Policy. This Exclusion does not matters modify or limit the coverage provided in Covered Risk 11(b) (a) created, suffered, assumed, or agreed to by the Insured or 25. Claimant; 8. The failure of the residential structure, or any portion of it, to (b) not Known to the Company, not recorded in the Public have been constructed before, on or after Date of Policy in Records at Date of Policy, but Known to the Insured accordance with applicable building codes. This Exclusion Claimant and not disclosed in writing to the Company by the does not modify or limit the coverage provided in Covered Insured Claimant prior to the date the Insured Claimant Risk 5 or 6. became an Insured under this policy; 9. Any claim, by reason of the operation of federal bankruptcy, (c) resulting in no loss or damage to the Insured Claimant; state insolvency, or similar creditors’ rights laws, that the (d) attaching or created subsequent to Date of Policy transaction creating the lien of the Insured Mortgage, is (however, this does not modify or limit the coverage (a) a fraudulent conveyance or fraudulent transfer, or provided under Covered Risk 11, 16, 17, 18, 19, 20, 21, 22, (b) a preferential transfer for any reason not stated in 23, 24, 27 or 28); or Covered Risk 27(b) of this policy. (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Attachment One (7/26/10) Exhibit D ENVIRONMENTAL REPORTS 000299.0055\3458717.3 January 30, 2014 TO:Stuart Cook, Project Director, Surplus Property Authority FROM:Rod Freitag, Environmental Program Manager, GSA-TSD SUBJECT:SANTA RITA PROPERTY -ENVIRONMENTAL REPORTS FROM GOVERNMENT SOURCES AND INVESTIGATIONS CONDUCTED BY OTHERS The following is a listing of the Santa Rita Property reports we have on file from government sources and from due diligence investigations conducted by prospective purchasers: 47-Acre Surplus Property Parcel at Parks Reserve Forces Training Area,Dublin, California, Preliminary Assessment Screening; Environmental Science Associates, Inc.; September, 1991.[Parcels A, B & C] 40-Acre Surplus Parcel Preliminary Assessment Screening, Parks Reserve Forces Training Area, Dublin, California; Woodward-Clyde Federal Services; February 3, 1994. [Parcels D- 1, D-2, E-1, E-2 & F] Draft Environmental Impact Report, Dublin Transit Center; City of Dublin; July, 2001. Preliminary Assessment, Parks Reserve Forces Training Area, Dublin, California; Woodward-Clyde Federal Services; May, 1994. [Transit Center] Phase I Environmental Site Assessment, Gleason Drive Property, Dublin, California; Aqua Science Engineers, Inc.; January 8, 1998. [Parcel 1] Draft Phase I Environmental Site Assessment, Emerald Glen Park,Dublin, California; Treadwell & Rollo; September 11, 1998. [Parcel 2] Phase II Surface Soil Investigation, Emerald Glen Park Site, Dublin, California; Treadwell & Rollo; January 13, 1999. [Parcel 2] Phase I Environmental Site Assessment, Proposed Residential Development, Emerald Glen, Dublin, California; Terrasearch, Inc.; September 28, 1998. [Parcel 4] Phase I Environmental Site Assessment, 15 Acres, Northwest Side of I-580 and Tassajara Road, Dublin, California; EnecoTech; August 29, 1997. [Parcel5A] Preliminary Laboratory Analytical Results for Buried Debris, ….., Dublin, California; Terrasearch, Inc.; October 5, 1999. [Parcel 5A] Page 2 January 30, 2014 Phase I Environmental Site Assessment, Koll Dublin Corporate Center Property, Dublin Blvd. and Tassajara Road, Dublin, California; CET Environmental Services, Inc.; April 14, 1998. [Parcel 5B] Phase I Environmental Site Assessment, Autonation USA, Dublin Boulevard Property, Dublin, California; Kleinfelder, Inc.; December 12, 1996. [Parcel 6] Phase I Environmental Site Assessment and Preliminary Wetlands/Endangered Species Information Review Report, Dublin Boulevard Property, Dublin, California; Kleinfelder, Inc.; December 17, 1996. [Parcel 7] Environmental Services Report, Dublin Boulevard Property, Dublin, California; Kleinfelder, Inc.; March 3, 1997. [Parcel 7] Phase I Preliminary Environmental Site Assessment, California Creekside Residential Development, Dublin, California; Lowney Associates; October 17, 1995. [Parcel 8] Soil and Ground Water Quality Evaluation, California Creekside Residential Development, Dublin, California; Lowney Associates; December, 1995. [Parcel 8] Phase I Environmental Site Assessment, 12.3 Acre Property, Dublin Boulevard and Hacienda Boulevard, Dublin, California; Pinnacle Environmental; March 17, 1997. [Parcel 9] Phase I Environmental Site Assessment Report, Dublin Elementary School Site, Dublin, California; Kleinfelder, Inc.; January 15, 1996. [Parcel 10] Interim Report, Preliminary Environmental Site Survey, East Dublin Elementary School Site, Dublin, California; BSK & Associates; December 16, 1997. [Parcel 10] Report of Phase I Environmental Site Assessment, Santa Rita Property, Central Parkway and Hacienda, Dublin, California; Law Engineering and Environmental Services, Inc.; July 25, 1997. [Parcel 11A] Report of Phase II Environmental Site Assessment, Santa Rita Property, Central Parkway and Hacienda Drive, Dublin, California; Law Engineering and Environmental Services, Inc.; September 22, 1997. [Parcel 11A] Phase I Environmental Site Assessment on 62 Acre Parcel, Proposed Residential Development -Summer Glen, Dublin, California; Terrasearch, Inc.; October 9, 1997. [Parcel 11B] Testing of Fill Soil, Hacienda Drive, Dublin, California; Anderson Consulting Group; April 5, 1996. [Parcel 15B] Page 3 January 30, 2014 Phase I and Phase II Environmental Site Assessment for Parcel 15, Santa Rita Property, Dublin, California; Erler & Kalinowski, Inc.; March 7, 2000. [Parcel 15B] Results of Soil and Groundwater Investigations and Screening HumanHealth Risk Assessment for Properties Located at Hacienda Drive and Dublin Boulevard in Dublin, CA; Erler & Kalinowski, Inc.; June 19, 1998. [Parcels D-1, D-2 & 16] Magnetic Investigation on Parcels F, 15A and16A at the Proposed Cisco Site 9, Dublin, California; J R Associates; November 15, 2000. [Parcels F, 15A and16A] Phase I Environmental Site Assessment and Soil and Ground Water Quality Evaluation, Cisco Systems Site 9, Dublin, California; Lowney Associates; November 30, 2000. [Parcels F, 15A and16A] Phase I Environmental Site Assessment of Parcel B -Undeveloped Lot, Dublin Transit Center, Dublin, California; Environ International Corporation; October 19, 2001. [Parcel B] Phase I Environmental Site Assessment of Parcel C -BART Surface Parking, Dublin Transit Center, Dublin, California; Environ International Corporation; October 19, 2001. [Parcel C] Preliminary Geotechnical Investigation and Fault Hazard Evaluation, Oracle Dublin Campus, Dublin, California; Harding ESE; January 31, 2001. [Parcel D-2] Phase I and II Environmental Site Assessment, Dublin Transit Center Parcel D-2, Dublin, California; Harding ESE; February 21, 2001. [Parcel D-2] Phase I Environmental Site Assessment, Parcels E-1 and E-2, Dublin Boulevard, Dublin, California; Environmental and Occupational Risk Management; February, 2001. [Parcels E- 1 and E-2] Phase II Environmental Site Assessment, Parcels E-1 and E-2, Dublin Boulevard, Dublin, California; Environmental and Occupational Risk Management; February, 2001. [Parcels E- 1 and E-2] Phase I Environmental Site Assessment, Site A-2 Dublin Transit Center, Dublin, CA; ACC Environmental Consultants, Inc.; December 1, 2003. [Parcel A-2] Soil Sampling Report, Dublin Boulevard & DeMarcus Boulevard, Dublin, CA; ACC Environmental Consultants, Inc.; January 30, 2004. [Parcel A-2] Report of Findings -Phase I Environmental Site Assessment, Dublin Transit E-1 Site, Iron Horse Parkway and Dublin Boulevard; Tetra Tech EM, Inc.; June 14, 2005. [Parcel E-1] Page 4 January 30, 2014 Subsurface Investigation Report, Dublin Blvd. at Campbell Lane.; PSI; Sept. 20, 2007. [Parcel A-1] Subsurface Investigation Report, Dublin Blvd. at Campbell Lane.; PSI; Sept. 20, 2007. [Parcel A-3] Phase I Environmental Site Assessment, Property at Southwest Corner of Dublin Boulevard and Hacienda Drive, Dublin, California; Kleinfelder; November 2, 2011. [Parcel 16A] DRAFT -Limited Phase II Environmental Site Assessment Summary Letter, Property at Southwest Corner of Dublin Boulevard and Hacienda Drive, Dublin, California; Kleinfelder; November 23, 2011. [Parcel 16A] Laboratory Analytical Data for Soil, Soil Vapor, and Groundwater Samples Collected From Borings Advanced at the Site at Hacienda Drive and Dublin Boulevard in Dublin, CA. Zone 7 Water Agency Permit #2011121; Kleinfelder; January 13, 2012. [Parcel 16A] Phase I Environmental Site Assessment, Parcel 16A, SouthwestCorner of Dublin Boulevard and Hacienda Drive, Dublin, CA 94568; Terraphase Engineering; September 12, 2012. [Parcel 16A] Phase IIEnvironmental Site Assessment, Parcel 16A, Southwest Corner of Dublin Boulevard and Hacienda Drive, Dublin, CA 94568; Terraphase Engineering; September 12, 2012. [Parcel 16A] Phase I Environmental Site Assessment, Dublin Transit Site A-1, Dublin, CA; Engeo Inc.; August 16, 2013. [Parcel A-1] RDF:rdf:i:\e&em\project\env\spa-sr\Santa Rita PropertyReport List-Buyers’ Investigations 1/30/14 July 11, 2007 TO:Pat Cashman, Project Director, Surplus Property Authority FROM:Rod Freitag, Environmental Program Manager, GSA-TSD SUBJECT:UPDATED LISTING OF SANTA RITA REPORTS Following is a list of the "Environmental Reports" for GSA-TSD projects: Gregg & Associates, Inc.; Underground Storage Tank Management Plan; June, 1988. Gregg & Associates, Inc.; Underground Tank Removal and Site Remediation Report, Santa Rita Rehabilitation Center at Old Boiler Plant, Tanks 2942-1, 2 & 3; May 1988. ESE; Report of Stockpiled Soil Sampling, UST 1, 2 and 3 Site, Santa Rita Correctional Facility, Dublin, California; December 7, 1993. ESE; Report of Stockpiled Soil Spreading and Disposal, UST 1, 2, 3 Site, Santa Rita Correctional Facility, Dublin, California; June 20, 1994. ESE; Site Assessment Report, Alameda County UST 1, 2, 3 Site, Santa Rita Correctional Facility, Dublin, California; December 21, 1994. ESE; Quarterly Monitoring Report, Alameda County UST 1, 2, 3 Site, Santa Rita Correctional Facility, Dublin, California; January 30, 1995. ESE; Quarterly Monitoring Report, Alameda County UST 1, 2, 3 Site, Santa Rita Correctional Facility, Dublin, California; March 13, 1995. ESE; Quarterly Monitoring Report, Alameda County UST 1, 2, 3 Site, Santa Rita Correctional Facility, Dublin, California; June 19, 1995. ESE; Report of Additional Site Assessment, UST 1, 2, 3 Site, Santa Rita Correctional Facility, Dublin, California; February 1996. ESE; Closure Report for Underground Storage Tank (UST) numbers 2942-4, 2942-4A and 2942-4B, Santa Rita Jail, Dublin, California; July 20, 1992. ESE; Report of Stockpiled Soil Sampling, 4th and Madigan Site, Santa Rita Correctional Facility, Dublin, California; November 22, 1993. Versar, Inc.; Contaminant Modeling Using Sesoil for the 4th and Madigan Site, Santa Rita Correctional Facility, Alameda County, California; December 28, 1993. Page 2 July 11, 2007 ESE; Spreading of Stockpiled Soil, 4th and Madigan Site, Santa Rita Correctional Facility, Dublin, California; June 26, 1995. Versar, Inc.; Subsurface Investigation Report, 4th Street and Madigan Avenue on the Santa Rita Property, Alameda County, California; October 23, 1995. ESE; Soil Sampling, 4th and Madigan Site, Santa Rita Correctional Facility, Dublin, California; February 7, 1996. ESE; Closure Report for Underground Storage Tank (UST) number 2942-5, Santa Rita Jail, Dublin California; July 20, 1992. Certified Environmental Consulting, Inc.; Santa Rita Tank Removals -USTs 2942-6, 7, 9 & 10; December 11, 1990. Versar, Inc.; Installation of One Monitoring Well and Performance of the First of Four Quarters of Groundwater Monitoring, Santa Rita Property, Former Underground Storage Tank #9 Site; July, 1994. Versar, Inc.; Second Quarter Groundwater Monitoring Report for the Former Underground Storage Tank #9, Santa Rita Property, Santa Rita, California; November 29, 1994. Versar, Inc.; Third Quarter Groundwater Monitoring Report for the Former Underground Storage Tank #9, Santa Rita Property, Santa Rita, California; February 27, 1995. Versar, Inc.; Fourth Quarter Groundwater Monitoring Report for the Former Underground Storage Tank #9, Santa Rita Property, Dublin, California; March 30, 1995. Versar, Inc., Groundwater Monitoring Abandonment Report for Former Underground Storage Tank #9 at the Santa Rita Property, Santa Rita, California; June 30, 1995. ESE; Closure Report for Underground Storage Tank (UST) Numbers 2942-11, 2942-12 and 2942-12A, Santa Rita Jail, Dublin, California; July 20, 1992. ESE; Vehicle Fueling Area, Old Graystone, Santa Rita Correctional Facility, Dublin, California; January 7, 1993. Report on Soil and Ground Water Investigation at Old Graystone Fueling Facility, Santa Rita Correctional Facility, Dublin, California; January 15, 1993. ESE; Corrective Action Report for Old Graystone Fueling Area, Santa Rita Correctional Facility, Dublin, Alameda County, California; March, 1993. Page 3 July 11, 2007 ESE; Report of Stockpiled Soil Confirmation Sampling, Old Graystone Fueling Area, Santa Rita Correctional Facility, Dublin, California; August 9, 1993. Versar, Inc.; Final Contaminant Modeling using Sesoil for Old Graystone Fueling Area, Santa Rita Correctional Facility, Alameda County, California; January 6, 1994. ESE; Site Assessment Report, Old Graystone Fueling Area, Santa Rita Correctional Facility, Dublin, California; February 21, 1994. ESE; Quarterly Monitoring Report, First Quarter 1994, Old Graystone Fueling Area, Santa Rita Correctional Facility, Dublin, California; February 25, 1994. ESE; Quarterly Monitoring Report, Second Quarter 1994, Old Graystone Fueling Area, Santa Rita Correctional Facility, Dublin, California; July 12, 1994. ESE; Quarterly Monitoring Report, Third Quarter 1994, Old Graystone Fueling Area, Santa Rita Correctional Facility, Dublin, California; September 8, 1994. ESE; Report of Limited Cleanup at Four Sites, Santa Rita Correctional Facility, Dublin, California; March 3, 1995. ESE; Report of Site Activities, Old Graystone Fueling Area, Santa Rita Correctional Facility, Dublin, California; June 15, 1995. ESE; Closure Report for Underground Storage Tank (UST) numbers 2942-18 and 2942-19; Santa Rita Jail, Dublin California; July 20, 1992. ESE; Additional Clarification Concerning Activities Performed at the UST 18 & 19 Site, Santa Rita Correctional Facility, Dublin, California; June 26, 1995. ESE; Report of Stockpiled Soil Sampling, UST 18 & 19 Site, Santa Rita Correctional Facility, Dublin, California; July 11, 1995. Versar, Inc.; Disposal of Stockpiled Soil, Santa Rita Correctional Facility Site, Dublin, California; September 12, 1995. ESE; Report of Site Activities, UST 18 & 19 Site, Santa Rita Correctional Facility, Dublin, California; December 4, 1995. Enviropur West; Non-PCB Containing Transformer Oil Spill Cleanup; November 1994. Versar, Inc.; Asbestos Survey and Engineering Cost Estimate for the County of Alameda, Santa Rita Property, Dublin, California; December 10, 1993. Page 4 July 11, 2007 Versar, Inc.; Phase I Environmental Site Assessment, County of Alameda, Santa Rita Property; January 11, 1994. ESE; Report of Limited Excavation and Disposal, Northwest of Former Boiler Room, UST 18 & 19 Site, Santa Rita Correctional Facility, Dublin, California; November 29, 1995. Versar, Inc.; Project Oversight for Hazardous Waste Removal Services, County of Alameda, Former Santa Rita Hospital Facility; November 17, 1995. Versar, Inc.; Summary of Soil Sampling Procedure and Analytical Results [Santa Rita Greenhouse]; April 29, 1996. Versar, Inc.; Summary of Soil Sampling Procedure and Analytical Results [Santa Rita Greenhouse]; May 22, 1996. Versar, Inc.; Limited Subsurface Investigation Conducted at the Santa Rita Property [ Former Evans Brothers' Site]; June 13, 1997. PSI, Inc.; Construction Inspection/Demolition Report, Former Santa Rita Military Hospital; April 24, 1997. Versar, Inc.; Subsurface Investigation Report, Santa Rita Property -Parcel 15, Dublin, California; April 30, 1998. All Chem; UST Removal & Closure; Santa Rita Property-Parcel 11B; June 4, 1998. All Chem; UST Removal & Closure; Santa Rita Property-Hibernia Drive; October 15, 1998. All Chem; UST Removal & Closure; Santa Rita Property -Parcel 1; January 7, 1999. PSI, Inc.; Asbestos Containing Pipe Removal; Santa Rita Property -Parcels 2, 3, 4A & 4B; December 17, 1998. PSI, Inc.; Asbestos Containing Pipe Removal; Santa Rita Property -Parcel 1; January 15, 1999. RGA Environmental, Inc.; Phase I ESA for the INS Property (Santa Rita Property -Parcel 3); January 19, 1999. PSI, Inc.; Asbestos Cleanup & Pipe Removal; Santa Rita Property -Parcels 10, 11A, 11B & 14; January 22, 1999. Page 5 July 11, 2007 Versar, Inc.; Investigation of Residual VOCs, Santa Rita Property -Parcel 15, Dublin, California; June 21, 1999. J. R. Associates; Magnetic Investigation at Parcel 15, Dublin, California; March 21, 2000. Gettler-Ryan, Inc.; Soil Sampling During UST Removal at Parcel 15 -Santa Rita Property, Dublin, California; May 10, 2000. Gettler-Ryan, Inc.; Air Pressure Tank Removal at Parcel 15 -Santa Rita Property, Dublin, California; June 2, 2000. J. R. Associates; MagneticInvestigation at Parcel 15, Dublin, California; July 21, 2000. PSI, Inc.; Removal of Asbestos Insulated Piping; Santa Rita Property –Parcel 15; August 15, 2000. J. R. Associates; Magnetic Investigation at the Option Area Parcel (Parcel D), Dublin, California; November 22, 2000. Buried Debris Investigation at Parcel D –Santa Rita Property; Gettler-Ryan, Inc.; April 19, 2001. Asbestos Abatement Monitoring Report, Underground Pipe Excavation and Removal, Digital Drive and Parcel 16A, Dublin, CA; RGA Environmental, Inc.; November 6, 2001. Geotechnical Observations Following Pipeline Removal Activities, Digital Drive and Parcel 16A Sites, Dublin, CA; Subsurface Consultants, Inc.; December 14, 2001. Summary of Investigation and Remediation Activities, Suspected Petroleum Hydrocarbon Impacted Sites on Parcels 15A and 16A, Dublin, CA; Subsurface Consultants, Inc.; January 8, 2002. Investigation and Remediation, Former Incinerator/Burn Dump, Parcel 16A and Digital Drive, Santa Rita Property; Subsurface Consultants, Inc.; March 25, 2002. Characterization of Aggregate Material Imported to County Property in Dublin, California, Parcel A; Versar, Inc.; August 26, 2002. RDF:rdf:i:\e&em\project\env\spa-sr\Santa Rita PropertyReport List Exhibit E ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT (“Assignment”) is made as of ___________________, by and between the CITY OF DUBLIN, a California municipal corporation (“Assignor”), and ___________________________, a ___________________________ (“Assignee”). RECITALS. This Assignment is made with reference to the following facts and objectives: Assignor, as “Buyer,” and Surplus Property Authority of Alameda County, a public corporation, as “Seller,” are parties to that Purchase and Sale Agreement and Joint Escrow Instructions dated ______________________, 2014 (the “Agreement”), pursuant to which Seller agreed to sell to Assignor and Assignor agreed to purchase from Seller two parcels of real property containing approximately 8.73 aggregate acres located in the City of Dublin, California as more particularly described in the Agreement (the “Property”). Assignor desires to assign to Assignee, and Assignee desires to assume, all of the rights and obligations of Assignor under the Agreement. Assignment by Assignor. Assignor hereby assigns and transfers to Assignee all of Assignor’s right, title and interest in, to and under the Agreement. Assumption by Assignee. Assignee hereby accepts the foregoing assignment and assumes and agrees to perform all of the duties, obligations and responsibilities of Assignor under or in connection with the Agreement. Such assumption by Assignee will not release Assignor from any of its obligations or liability under the Agreement. Counterparts. This Assignment may be signed in two or more counterparts, each of which will be deemed an original, but all of which together will be deemed one and the same agreement. ASSIGNOR:ASSIGNEE: CITY OF DUBLIN, a California municipal corporation By:By: Name:Name: Its:Its: APPROVED AS TO FORM: By: ATTEST: 2239100.1 000299.0055\3458717.3