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CPTION <br />In Consideration of One Hundred ($100.00) DOLLARS, <br />the receipt whereof is hereby acknowledged, I hereby give to <br />The City of San Leandro, hereinafter referred to as optionee, <br />the option of buying, for the full price of Ninety Five <br />Thousand ($95,000.00) dollars, the following described real <br />property situated in the city of San Leandro, county of <br />Alameda, State of California, and more particularly described <br />as follows, To Wit: <br />1228 Wayne Avenue, San Leandro. <br />It is the City's intention at this time to offer the <br />dwelling to the optionee at the minimum bid established by <br />the City for the disposition of said property. Said minimum <br />bid shall be Fair Market Value, based on appraisal of the <br />property at the time of such disposition. The City expects <br />said minimum bid to be approximately $90,000.00. <br />Optionee shall have the right to close this application <br />at any time within 3days from date hereof, and I agree to <br />� <br />execute and deliver to optionee, or to any one named by <br />Optionee, a good and sufficient Grant Deed. On execution of <br />said deed I am to be paid the further sum of Ninety Four <br />Thousand, Nine Hundred ($94,900.00) Dollars, In full <br />payment of the purchase price of said- real property: but <br />if said option is not closed within Wdays, I am to retain <br />the said sum of One Hundred ($100.00) Dollars, so paid as <br />aforesaid, as liquidated damages. If said option is closed <br />within the said Option Period, The amount paid as aforesaid <br />is to be applied towards the purchase price. Time is of the <br />essence of this contract. <br />DATED THIS r'�'�� May, 1985 <br />STATE OF CALIFORNIA) <br />COUNTY OF ALAMEDA)SS <br />ON THIS 2nd DAY OF May 19 85, BEFORE ME, THE <br />UNDERSIGNED NOTARY PUBLIC, PERSONALLY APPEARED <br />Janidra Rua Romeiro Abreu <br />KNOWN TO ME TO BE THE PERSON DESCRIBED IN AND WHOSE NAME is <br />SUBSCRIBED TO AND WHO EXECUTED THE WITHIN INSTRUMENT AND <br />ACKNOWLEDGED TO ME THAT she EXECUTED THE SAME.. _ <br />r OFFICIALSEAL <br />HENRY P. ` rlNOTARY PUBLIC - L • , f <br />r \ AC r <br />�R I <br />, .., 9, ,8 <br />rl6 r <br />i <br />r <br />Npt'a � P'u bl'i c `itr-"and for the <br />Sa3,& County and State <br />