67 ROCKY CREEK PLACE - Laserfiche WebLink

Page 1 of 5 PROPERY PURCHASE AGREEMENT This Property Purchase Agreement (“Agreement”) is entered into this ___ day of September 2026, (“Effective Date”) by and between Renee Sheridan Mikus and Joey Antonio Belli, wife and husband as community property with right of survivorship (collectively, the “Owner”) and the City of Pleasanton, a municipal corporation (the “City”). RECITALS A. Owner is the owner of that certain real property located at 67 Rocky Creek Place in Pleasanton, California, described as: Lot 104, Tract 7374, filed December 18, 2002 in Map Book 267, Pages 83 through 90, Alameda County Records with APN Number 947-0012-109, 947- 0006-009 (portion), and 947-0007-015 (portion) (the “Property”). B. The Property is subject to Restrictive Covenants, Resale Restrictions, and Option to Designate Eligible Purchasers “Canyon Oaks” Subdivision Tract 7374, Lot 104 dated September 4, 2003, executed by and between the City and KB HOME South Bay Inc. Recorded on October 6, 2003, Instrument Number 2003590898, of Official Records (the “Restrictive Covenants”). C. The City desires to purchase the Property from the owner to retain the Property for the City’s affordable housing program, and Owner desires to sell the Property to the City because the Owner is no longer residing in the Property as their primary residence as required by the Restrictive Covenants. NOW THEREFORE, for good and valuable consideration the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 1. Agreement to Sell and Purchase. Owner agrees to sell and City agrees to purchase the Property subject to the terms and conditions of this Agreement. 2. Purchase Price. In exchange for the conveyance of the Property to the City, City shall pay Owner the sum of Four Hundred Twenty Six Thousand Two Hundred and Seventy-nine Dollars ($426,279) as full payment of the purchase price for the Property. 3. Conveyance of Title. Owner will be receiving a cash payment for the Property. At close of escrow, Owner shall convey by grant deed to City, fee simple title to the Property. Owner shall pay from escrow: (a) any outstanding deeds of trust, including the Deed of Trust associated with the loan extended by United Wholesale Mortgage (and assigned to Nationstar Mortgage dba Mr. Cooper, and further assigned but not recorded to Rocket Mortgage) in the amount of $336,500; (b) any currently due assessments by the Walnut Hills Owners’ Association; (c) pro-rated property taxes to date of close of escrow; and (d) any and all mechanics liens or encumbrances Owner caused to be placed on the title for the Property. 4. Escrow Instructions. The parties will open an escrow for the purchase and sale of Docusign Envelope ID: 6B6D6B3A-438E-86C4-83C4-7090C1033FD1Docusign Envelope ID: DFF5E082-CF6D-889F-831E-04E7680AF646