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A G R E E M E N T <br />This Agreement is executed this llth day of Oeptember , <br />1962, between the City of San Leandro, a municipal corporation, <br />situated in the County of Alameda, State of California (herein- <br />after called the City), and Grastoke Nevada, Inc., a Nevada <br />corporation (hereinafter called Grastoke): <br />RECITALS: <br />The City and Grastoke heretofore entered into an agree- <br />ment under date of April 6, 1962, under which Grastoke would con- <br />vey six parcels of land near the intersection of Floresta and <br />Washington in the City of San Leandro to the City in connection <br />with the latter's street widening program (said parcels sometimes <br />referred to as LD-60-158, LD-60-159, LD-60-160, LD-60-167, LD-60- <br />168 and LD-61-113). The consideration to be received by Grastoke <br />for its said conveyances included the sum of $18,195.82 plus the <br />conveyance to Grastoke of free and clear title to two additional <br />parcels of land (parcels LD-60-164 and LD-60-165) which Grastoke <br />proposed to devote exclusively to automobile parking. <br />Title reports with respect to all of said parcels now <br />disclose that the titles of Grastoke to the six parcels are market- <br />able and that free and clear title will be conveyed to the City <br />on closing. The titles of the two parcels to be conveyed to <br />Grastoke are deficient and the City is unable to grant free and <br />clear title thereto in accordance with the agreement aforesaid <br />of April 6, 1962. <br />- 1 - <br />