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VFXLRAS, the ROdevelope offered to purchase that part of the mai., ct Area <br /> Meerlbed in Ldllblt 1, attaehoa hereto end made a part hereof, (and herein Called the <br /> j "proPstty") and to redevelop such property for and In accordance With the uses specified <br /> in the Radewlopmaat plan; end <br /> tNZRiAe, the redevelol•r has furnished Agency a performance bond in a fees satin- <br /> factary as security for the faithful performance of this contract, said bond being In <br /> the penal ar. of Four Thcuoand Six Hundred Dollars ($ /.600.00 <br /> YQRBAS, the Agency believes that the redevelopmentant <br /> this Agreement, and the fulfillment of the term of s Aaretoment.Property theubesteo <br /> Interests of City and the health, safety, *orals and welfare of its rgoidenca, and In <br /> accord with the public purposes and Prov telone of the applicable State and redstal laws <br /> ed re"iresent• ander which the gold project has been undertaken and Is being atnieted; <br /> ad <br /> VRQRBAS. the Agency, on the basic et the foregoing, and Mp undertaking of the <br /> Redevelepar pursuant to this Agtenmant, to wi:ltng to aoll the property to the Rede• <br /> velaper sad to do ea at • pries Permitting Its redevelo <br /> pment In accordance with the <br /> Pro tsIOma of the Redevelopent Plan and this Agreement; and <br /> 1NIMM.9. FARI%ACBIIST to a California united partnership Composed of: <br /> V. L. Sissons hepar, Inc. .. <br /> 2760 Baker Street 2760 Baker Street <br /> Sea ►raneloeo. California, and San Francisco, California <br /> Stockholders raspar.Iec. <br /> I. U. 1- Simmons President <br /> 2. 1L Rare" <br /> -7BS 6th Awes" <br /> San Francisco. California <br /> 3. Chrlatopker <br /> SL - 29th Avew - <br /> Sam Fraecleco, California <br /> As General rarteQa, And the following as Limited Fartmeto: <br /> 1. Stanley Griffin a. Walter Bagel 7. W. L. lutea <br /> 21 %mclmea F.O.Sos 361 2760 Behov Street <br /> Waodslde, Csllforola Belvedere. California San Fraselsce.Callfonis <br /> 2. C. Watt III S. Rerbnt hill <br /> 30 1LAS Caaao 9 Asbwood Read, &MVWad <br /> Sao Rafael. California Waking. Gtglad <br /> 3. S. D. Mather 6. W. 1. 1mrses <br /> 11170 Vora Drive 337 Dartford Reed <br /> Ina Alto$• California Dawdle, California <br /> NM- 7"Lera". tare of the parties hereto, for ad to eomalderatlee of tke premieas <br /> aJ aarement of the other party bareto, does COvtroset and agree %batt <br /> Gt9VRAL )M OF ODMMAMCB or FROrp= - <br /> 1. (a) iubJeet to and wpbs all the tete, Cwemaots sod oesditlOua of this Agree- <br /> aseat, Agency will Cooney to the RsdtvelOpet upon the payment In full by the Re"welopet• <br /> Whlb Psymenc the Redeveloper bereby agrees to sake• Of • pura4as price is the amowat of <br /> 2es• 6u 2k.:.wd Dollars, (646.000.03), that property described In Babiblt I attached <br /> ece. <br /> (b) 7be Agency will convey title to the property W the Redeveloper by great <br /> dead (here's Called 'Cee Deed")- Such cOwsyante and title atoll, Is addition to the <br /> COdltion subsequent bere/matttr prwtded for In SeCtiOe (12), and w all O%bat conditions. <br /> covonssts and restrictions set forth or referred to eleevhere In this Agreeseat, be <br /> sob)ece to, <br /> The Official Radwelopwnt Plan for Approved Best Stockton Urbae 4semal Arts. <br /> Project No. A-21, din emended. <br /> BaAsvalaPOr shall ales execute and ackaewledge the conveyance. <br /> (e) The Agency will deliver the Deed and possession of the property to the <br /> 441414110prr m December le, 1963, or a. such earlier date wbsoquant to Deewher S. iN3, <br /> es the 441weleprr may des timate by _,I _ day prior matte• In wtlelna to the Agency. <br /> COweyaaee shell be made at Title tneurance and Trust G Staektan W itornta. and the <br /> Radwaloper bersbr agrees to accept such ceweysaCa and to pay the Agency at the afore. <br /> said Lima and place the purchase prier to lull to the [ern of each. <br /> •2- <br /> hccK`l_7fi1 rasa �u7 <br />