HomeMy WebLinkAboutCUP 196A; Montessori School; Conditional Use Permit (CUP) (6)November 10, 1983
14088 Rue Monaco
Del Mar, CA 92014
Mr. Kenneth J. Crisman
Mrs. Pamela J. Crisman
P 8 A Management Co.
740 Pine St P 0 Box 624
Carlsbad, CA 92008
Dear Mr and Mrs. Crisman:
The purpose of this letter is to respond both to your letter of October 25 exercising your option, and the "purchase proposal" which you submitted .
We are not prepared to accept, or undertake negotiations with
respect to the purchase proposal. As we understand our option
agreement, you have exercfsed it and thereby agree to purchase
the property on the terms set forth in the Option Agreement.
Specifically, our Option Agreement provides at Paragraph 5.3 that the purchase price shall be the reater of $300,000.00 or appraised
one years lease payments (toward the leasehold improvements) less reduction of $1200.00 for reduced payments made January thru March 1981,(see Noonan memo dated January 24, 1981). We have determined therefore bo go forward and open an escrow with you pursuant to the terms of the Real Estate Purchase Contract and Receipt for Deposit, utilizing a purchase price of $285,000.00, less option payment of $2,500.00 credit. As a result we have delivered by hand to Thomas
Noonan-the original executed Real Estate Purchase Contract and Receipt forBegosit, which we executed back in 1981 for this purpose.
Please insert and intial the purchase price of $285,000.00 in the
appropriate blank at the top of the first page, crossing out the reference to the option agreement: we can then proceed to open escrow. Please note that you are required to accomplish this under the terms of th
the Agreement immediately, and to deliver same to Title Insurance and
Trust Company, Please advise us of the time at which you intend to present this to Title Insurance and Trust Company as we would like to at least have the opportunity to accompany you there to discuss this with the escrow officer and arrange for an expeditious closing.
Should you have any questions or comments, please don't hesitate to call.
value; either price is to be reduce 53- y $15,000.00, representing
Very truly yours,
F.eceipt of this letter by:
Thomas Noonan, Real Estate Broker ................................