HomeMy WebLinkAboutRural Communities Housing Development Corporation 2016-09-1000
City of Ukiah
September 10, 2016
Rural Communities Housing Development Corporation
Attn: Brad McDonald, Chief Executive Officer
499 Leslie Street
Ukiah, CA 95482
Transmitted Electronically ( bmcdonald(a�rchdc.orq.), by fax (463-1975) and by first class U.S.
Mail
September 10, 2016
NOTICE THAT CITY OF UKIAH IS EXERCISING ITS OPTION UNDER SECTIONS
2 AND 3 OF THE OPTION AGREEMENT TO PURCHASE EASEMENT IN REAL
PROPERTY, DATED NOVEMBER 9, 2015, APN 002-101-27
Dear Mr. McDonald,
Pursuant to Section 3 of the above -referenced agreement (the "Option Agreement"), the City of
Ukiah hereby gives notice that it is exercising its Option to purchase the Wellsite Easement as
depicted and described in Exhibit 1 to the Option Agreement. The Option Notice Date is
September 10, 2016.
In compliance with Section 3.3 of the Option Agreement, the City will open escrow with
Redwood Title Company within five (5) days of the Option Notice Date, depositing both a fully
executed copy of the Option Agreement and this Option Notice with the escrow agent. The
parties are required deposit escrow instructions within 14 days of the Option Notice Date.
The purchase of the Wellsite Easement shall be governed by Section 3 of the Option
Agreement.
Sincerely,
Sr
Sage Sang iacomo
City Manager
300 Seminary Avenue • Ukiah • CA • 95482-5400
Phone: (707)463-6200 - Fax: (707)463-6204 •www.cityofukiah.com