RDA Agmt 2004 Alameda County Board of Supervisors

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AGREEMENT TO PURCHASE TAX-DEFAULTED PROPERTY This Agreement is made this 12thday of October , 2004, by and between the Board of Supervisors of Alameda County, State of California, and the City of San Leandro ("Purchaser"), pursuant to the provisions of Division 1, Part 6, Chapter 8, of the Revenue and Taxation Code. The real property situated within said county, hereinafter set forth and described in this agreement is Tax-Defaulted and is subject to the power of sale by the Tax Collector of said County for the nonpayment of taxes, pursuant to provisions of law. TERMS AND CONDITIONS It is mutually agreed as follows: 1) that as provided by Section 3800 of the Revenue and Taxation Code, the cost of giving notice of this agreement shall be paid by the PURCHASER, and 2) that the PURCHASER agrees to pay the sum of $26,508.01 for the real property described in Exhibit "A" within 30 days after the date this agreement becomes effective. Upon payment of said -sum to the Tax Collector shall execute and deliver a deed conveying title to said property to PURCHASER. If all of any portion of any individual parcel listed in Exhibit "A" is redeemed prior to the effective date of this agreement, this agreement shall be null and void as to that individual parcel. This agreement shall also become null and void and the right of redemption restored upon the PURCHASER'S failure to comply with the terms and conditions of this agreement. t