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HomeMy WebLinkAboutSeller Statement Escrow - Fire StationAmerican Land Title Association ALTA Settlement Statement — Buyer Adopted 05-01-2015 File No.: 0131-627786ala First American Title Company Printed: 02/21/2025, 2:52 PM Officer/Escrow Officer: Barbara Clarke/BC 4750 Willow Road, Suite 275 • Pleasanton, CA 94588 Settlement Location: Phone: (925)738-4050 Fax: (866)648-7806 FwsrAmercanT,de^' Estimated Settlement Statement 4750 Willow Road, Suite 275, Pleasanton, Amended: CA 94588 Friday Feb 21, 2025 2:52 PM Address: Parcel QTract 10472, Gilroy, CA r: The City of Gilroy r: The Christopher Family Partnership; Christopher Ranch LLC; D. Christopher & Sons, LLC; Filice Family Estate icier: tlement Date: 02/28/2025 bursement Date: Buyer Description Debit Credit Proration s/Adjustments SCVWD Reimbursement (Cash Payment) 542,906.00 TIF Reimbursements (by Assignment) 1,046,337.00 Signed TIF Reimbursement Assignment Applied 1,046,337.00 Government Recording and Transfer Charges Record Deed (EST.) to Santa Clara County Clerk - Recorder 100.00 Subtotals 1,046,437.00 1,589,243.00 Due To Buyer 542,806.00 Totals 1,589,243.00 1,589,243.00 No Tax Prorations through Escrow Escrow related fees including separate fees for overnight mail- courier or notary services that are not included as part of First American's filed escrow fee may include a markup over the direct cost to First American for such services. Our wire instructions do not change. Our banking institution is First American Trust. If you receive an email or other communication that appears to be from us or another party involved in your transaction instructing you to wire funds to a bank other than First American Trust, you should consider it suspect and you must call our office at an independently verified phone number. Do not inquire with the sender. This is a summary of the closing transaction prepared by First American Title Company. This document is not intended to replace the Closing Disclosure form. Copyright 2015 American Land Title Association. File # 0131-627786ala All rights reserved Page 1 of 3 Printed on 02/21/2025 at 2:52 PM Acknowledgement We/I have carefully reviewed the Estimated ALTA Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements to be made on my account or by me in this transaction and further certify that I have received a copy of the Estimated ALTA Settlement Statement. This Estimated Settlement Statement is subject to changes, corrections or additions at the time of final computation of Escrow Settlement Statement. We/I authorize First American Title Company to cause the funds to be disbursed in accordance with the Final ALTA Settlement Statement to be provided to me/us at closing. See Attached Signatures This is a summary of the closing transaction prepared by First American Title Company. This document is not intended to replace the Closing Disclosure form. Copyright 2015 American Land Title Association. File # 0131-627786ala All rights reserved Page 2 of 3 Printed on 02/21/2025 at 2:52 PM Buyer(s): The City of Gilroy, a municipal corporation of the State of California By: . �)41Q N 7immv ForbiS' Title: Grp nillmhatov, This is a summary of the closing transaction prepared by First American Title Company. This document is not intended to replace the Closing Disclosure form. Copyright 2015 American Land Title Association. File # 0131-627786ala All rights reserved Page 3 of 3 Printed on 02/21/2025 at 2:52 PM BOE-502-A (Pl) REV. 18 (05-23) PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by the transferee (buyer) prior to a transfer of subject property, in accordance with section 480.3 of the Revenue and Taxation Code. A Preliminary Change of Ownership Report must be filed with each conveyance in the County Recorder's office for the county where the property is located. NAME AND MAILING ADDRESS OF BUYER/TRANSFEREE (Make necessary corrections to the printed name and mailing address) F The City of Gilroy 7551 WOSlinri'k 61droy, (Pr r'1SCUzo ASSESSOR'S PARCEL NUMBER 808-58-004 SELLER/TRANSFEROR The Christopher Family Partnership and Christopher Ranch LLC id D. Christopher & Sons, LLC and Filice Family Estate BUYER'S DAYTIME TELEPHONE NUMBER (IZ ;1 BUYER'S EMAIL ADDRESS L Ci�v/%rh(� Clfv hi JJilry -ow STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY J Parcel Q Tract 10472, Gilroy, CA YES NO This roe is intended as m principal residence. If YES lease indicate the date of occupancy MO DAY I YEAR ❑ � property rtY� YP P �P P Y or intended occupancy. ❑ YES M NO Are you a 100% rated disabled veteran who was compensated at 100% by the Department of Veterans Affairs or an unmarried surviving spouse of a 100% rated disabled veteran? MAIL PROPERTY TAX INFORMATION TO (NAME) & 1 t,\i L / a I<, MAIL PROPERTY TAX INFORMATION TO (ADDRESS) CITY STATE ZIP CODE 727�51 EoSeillnk 5frec,i ('/4 015 oi, c PART 1. TRANSFER INFORMATION Please complete all statements. This section contains possible exclusions from reassessment for certain types of transfers. YES NO ❑ A. ❑ � B. ❑ � *C. *D This transfer is solely between spouses (addition or removal of spouse, death of spouse, divorce settlement, etc.). This transfer is solely between domestic partners currently registered with the California Secretary of State (addition or removal of partner, death of partner, termination settlement, etc.). This is a transfer: ❑ between parent(s) and child(ren) ❑ between grandparent(s) and grandchild(ren). Was this the transferor/grantor's principal residence? ❑ YES ❑ NO Is this a family farm? ❑ YES ❑ NO This transfer is the result of a cotenant's death. Date of death *E. This transaction is to replace a principal residence owned by a person 55 years of age or older. *F. This transaction is to replace a principal residence by a person who is severely disabled. *G. This transaction is to replace a principal residence substantially damaged or destroyed by a wildfire or natural disaster for which the Governor proclaimed a state of emergency. H. This transaction is only a correction of the name(s) of the person(s) holding title to the property (e.g., a name change upon marriage). If YES, please explain: ❑ I. The recorded document creates, terminates, or reconveys a lender's interest in the property. ❑ ® J. This transaction is recorded only as a requirement for financing purposes or to create, terminate, or reconvey a security interest (e.g., cosigner). If YES, please explain: ❑ ® K. The recorded document substitutes a trustee of a trust, mortgage, or other similar document. L. This is a transfer of property: ❑ 1. to/from a revocable trust that may be revoked by the transferor and is for the benefit of ❑ the transferor, and/or ❑ the transferor's spouse ❑ registered domestic partner. ❑ 2. to/from an irrevocable trust for the benefit of the ❑ creator/grantor/trustor and/or ❑ grantor's/trustor's spouse ❑ grantor's/trustor's registered domestic partner. ❑ M. This property is subject to a lease with a remaining lease term of 35 years or more including written options. ❑ [5�1 N. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each and every parcel being transferred remain exactly the same after the transfer. ❑ FX7 0. This is a transfer subject to subsidized low-income housing requirements with governmentally imposed restrictions, or restrictions imposed by specified nonprofit corporations. *P, This transfer is to the first purchaser of a new building containing a ❑ leased ❑ owned active solar energy system. ❑ Q. Other. This transfer is to � d1l`1J C, Id I'd 10 !/ayr,17 NelzlZi / CZ ;rtz I * Please refer to the instructions for Part 1. Please provide any other information that will'Kelp t e Assessor understand the nature of the transfer. THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION BOE-502-A (P2) REV. 18 (05-23) PART 2. OTHER TRANSFER INFORMATION Check and complete as applicable. A. Date of transfer, if other than recording date: B. Type of transfer: ❑ Purchase ❑ Foreclosure ❑ Gift ❑ Trade or exchange ❑ Merger, stock, or partnership acquisition (Form BOE-100-B) ❑ Contract of sale. Date of contract: ❑ Inheritance. Date of death: ❑ Sale/leaseback ❑ Creation of a lease ❑ Assignment of a lease ❑ Termination of a lease. Date lease began: Original term in years (inc/uding/written options): Remaining term in years (including written options): 'JK Other. Please explain: pml/('y/ C. Only a partial interest in the property was transferred. ❑YES ❑ NO If YES, indicate the percentage transferred: % PART 3. PURCHASE PRICE AND TERMS OF SALE Check and complete as applicable. A. Total purchase price I $ 0.00 B. Cash down payment or value of trade or exchange excluding closing costs Amount $ C. First deed of trust @ % interest for years. Monthly payment $ Amount $ ❑ FHA (_Discount Points) ❑ Cal -Vet ❑ VA (_Discount Points) ❑ Fixed rate ❑ Variable rate ❑ Bank/Savings & Loan/Credit Union ❑ Loan carried by seller ❑ Balloon payment $ Due date: D. Second deed of trust @ % interest for years. Monthly payment $ Amount $ ❑ Fixed rate ❑ Variable rate ❑ Bank/savings & Loan/Credit Union ❑ Loan carried by seller ❑ Balloon payment $ Due date: E. Was an Improvement Bond or other public financing assumed by the buyer? DYES ❑NO Outstanding balance $ F. Amount, if any, of real estate commission fees paid by the buyer which are not included in the purchase price $ G. The property was purchased: ❑Through real estate broker. Broker name: Phone number: ( ) ❑ Direct from seller ❑ From a family member -Relationship 1 Other. Please explain: PP,4/lGfhG/r QF Imej �l/lfUQi17 71G' H. Please explain any special terms, seller concessions, broker/agent fees waived, financing, and any other information (e.g., buyer assumed the existing loan balance) that would assist the Assessor in the valuation of your property. PART 4. PROPERTY INFORMATION Check and complete as applicable. A. Type of property transferred ❑ Single-family residence ❑ Co-op/Own-your-own ❑ Manufactured home ❑ Multiple -family residence. Number of units: ❑ Condominium ` Unimproved lot ❑ Other. Description: (i.e., timber, mineral, water rights, etc.) ❑ Timeshare Commercial/Industrial B. ❑ YES ❑ NO Personal/business property, or incentives, provided by seller to buyer are included in the purchase price. Examples of personal property are furniture, farm equipment, machinery, etc. Examples of incentives are club memberships, etc. Attach list if available. If YES, enter the value of the personal/business property: $ Incentives $ C. ❑ YES -, NO A manufactured home is included in the purchase price. If YES, enter the value attributed to the manufactured home: $ ❑ YES ❑ NO The manufactured home is subject to local property tax. If NO, enter decal number: D. ❑ YES 0 NO The property produces rental or other income. If YES, the income is from: ❑ Lease/rent ❑ Contract ❑ Mineral rights ❑ Other: E. The condition of the property at the time of sale was: ❑ Good ❑ Average ❑ Fair ❑ Poor Please describe: CERTIFICATION I certify (or declare) that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and belief. SIGNA RE F B NSFEREE OR CORPORATE OFFICER DATE TELEPHONE ► /fY7fvs1/v 1 . )o2f 06 ) V4A— 02c)2 NAME Cf B ER/TRANSFIEREE/PERSONAL REPRESENTATIVE/CORPORATE OFFICER (PLEASE PRINT) TITLE EMAIL ADDRESS ;,,� r�� Il rt3/ b S Crhi MM 1#/s r f c�l' ll�ra���l,�y G9 The Assessor's office may contact you for additional information regarding this transaction.