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PURCHASE & SALE AGREEMENT (PACIFIC ELECTRIC RIGHT-OF-WAY): (REDEVELOPMENT AGENCY AUTHORIZATION 4/7/2008 - #4) REDEVELOPMENT AGENCY TO SELL TO CITY REAL PROPERTY DESCRIBED AS PARCEL 1 OF PARCEL MAP #24110 (APN: 7211-017-037) - PURCHASE PRICE: $1,200,000