1994 AGN OCT 04 I16 - Laserfiche WebLink

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1?,. 1? 1 918 %.3 -%VI SEP -28-1994 15:13 FROM CALF PORTLAND CEMENT TO 913036714225 P, i2 CALIFORNIA PORTLAND CEMENT COMPANY 1026 E. nNAtmAL WAY, QLKNOORA, GA 91740 / TIM. (O 19) 852-4200 SAX (Big) 969-9630 Septmnber 27, 1994 City of Corton 650 North Cadeaa Colton, CA 92324 Attn: 'f orrzas K. Clarke RC:smlt.tQ ]&r�]F'�t0 �n _+�"•_4'�' t rd_o�=1i�AY ►�m�c..:,..Qiibr&, nd 31e IM Dear Mr. Clarke: This letter is intended to memorialize the negotiations bet--.veeen the Oty of Colton, Califonfia ("Citi}"), and California Portland Cement Company, a Mfornia corporation, ('"CPC") reS&oding City't. interest in acquiring from CPC ccrWn non-exclusive ftwmenU and rights -of --way for utility purpmt which are situated on CPC's Colton Plant property, located in the County of San Bernardino. This latter is intended surely as an expression of the intent of the parties. It dues not constitute an offer by City acid it does not set forth all the material terms and conditions that will have to be agreed apon for the contemplated tmnsaation to be consummated. Neither City nor CPCshall b4e. bound by the tennis of this letter, nor shall they have any obligations to one another with respect to the. transactlons contemplated by this letter until each party has obtained all the necessary cyorpcorate applc+ravtds and the definitive agreement referred to below has been approved and executed by the parte. We undf stand that the Easement ant! Right -of -Way Agreement which City and CPC have been negotiating, if entered into, would constitute the "definitive agreement." It is anticipaW, that this agrcement betwmn the parties shall include the following: (1) City shall pay to CPG the sure of $250,000, 0 as a. purchs.se price for said ea,sernenrs; (2) CPC and City shall enter into the Easement and Right -of -may Agreement w1l ich shall provide, inter alias (i) for the granting by CYC of non-exclusive eawments and. Frights -*f= way designated as Segments 1-10; (ii) the realignment by Chin' of'.A.gua Marisa Pic i (zea) the vacating of the current Pepper Avenue roadway Right -of -'Way by Clity; (iv) the granting of a new pepper Avenue xoadway Right -of -Way by CPC; and, (v) the requirement on the part of City Haat at CPC's rNuc3t any ewwarnent Segment or parUt easement S+egrner►t be mavvd one time at City's sole cost and expense. "l ' 1,'*'s ,-1r1 I-, l7 (-"-• , . - : �- -! -,