HomeMy WebLinkAboutD-2023 Release of Real Property exchange agreement - HASLO Recorded 03-03-16RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City of San Luis Obispo 4
Attn: City Clerk MAR 2
990 Palm Street 2016
San Luis Obispo, CA 93401
2016009349
Tommy Gong
San Luis Obispo - County Clerk- Recorder
03/03/2016 10:31 AM
Recorded at the request of:
CITY OF SAN LUIS
Titles: 1 Pages: 2
Fees: $0.00
Taxes: $0.00
Total: $0.00
Above space for Recorder's use only
RELEASE OF
REAL PROPERTY EXCHANGE AGREEMENT
This RELEASE OF REAL PROPERTY EXCHANGE AGREEMENT ( "Release ") is made
this 2 hd day of March, 2016, by the City of San Luis Obispo, a California municipal
corporation and charter city ( "City ").
WHEREAS, on October 1, 2012, City and the Housing Authority of the City of San Luis
Obispo, a public agency, corporate and politic, ( "HASLO "). entered into a Real Property
Exchange Agreement ( "Agreement "), which was recorded on November 13, 2012 as Document
No. 2012065797 in the Official Records of San Luis Obispo County; and
WHEREAS, among other things, the Agreement declared certain real property along the
railroad tracks at 851 and 860 Humbert Avenue, San Luis Obispo, as surplus property and City
agreed to convey the surplus property to HASLO in exchange for HASLO dedicating right -of-
way for a cul -de -sac on Francis Avenue and for a future pedestrian crossing over the railroad
tracks; and
WHEREAS, on December 28, 2012, a subdivision map for the first phase of Tract 2977 was
recorded in Book 33 of Maps Page 48 in the Office of the County Recorder of San Luis Obispo
County, State of California; and
WHEREAS, recordation of said subdivision map executed all the property exchanges required
by the Agreement, thereby fulfilling all conditions and requirements of the Agreement.
NOW THEREFORE, said Agreement recorded as Document No. 2012065797 in the Official
Records of San Luis Obispo County is hereby fully satisfied, released, and discharged and any
cloud on the above referenced parcel related to this document is hereby removed. Nothing in this
Release shall affect or modify the Environmental Indemnity Agreement dated October 4, 2012,
Page 1 of 2
and recorded on November 13, 2012, as Document Number 2012065798 in the Official Records
of San Luis Obispo County.
IN WITNESS WHEREOF, the parties hereto have executed this Release as of the date first set
forth above.
CITY OF SAN LUIS OBISPO,
a California municipal corporation and charter city
Katie Lic tig, f
City Managers,
ATTEST: (\ --T,
0
Lee Prime
Interim City Clerk
TO FORM:
V ti stine Dietrick
Attorney
Date
Page 2 of 2
END OF DOCUMENT