HomeMy WebLinkAboutCC Res 761 1952-06-02
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RESOLUTION NO.~
RESOLUTION OF THE CITY COUBCI~ OF THE CITY OF
SEAL BEACH TO PURCHASE CERTAD IlEAL PROPERTY AIm
PROVIDING FOR PAIMmlT TBERmF OUT OF "PABKIBG
LOT FOND."
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5 WHEREAS, the City of Seal Beach has heretofore purchase&
6 and now owns certain parking lots along and upon the beaeh area
7 of the City of Seal Beach and said parking lots are now in 'opera-
8 tion; and,
9 WHEREAS, the revenue derived from said parking lots is
10 now available for the uses specified in Sections 2 and 3 of
11 Ordinance No.~of the City of Seal Beach; and,
12 WBEREAS, the City Council finds that it wou1d be to the
13 advantage and best interests of the City of Seal BeaCh to acquire
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additional real estate ad3acent to the present parking lots within
the City of Seal Beach for the purpose of establishing a public
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p81'k and addi tiOD&l parking lot area; and\
WHEREAS, the City Council finds that it wou1d be proper
and advantageous to the City of Seal Beach to use the proceeds
derived from all parking lots now in Use or later to be purchased
and used a parking lots, for the purchase of additional real
property to be used as a public p81'k and as additional parking
lots; and,
WHEREAS, the City ot S~31 B~ach now has the opporuunity
to purchase the following described .re~1 property, to wit:
parc,~ 1. Lots 6 and 1, excepting therefrom the .
West feet; Lots 9 and i2J excepting therefrom the
East 17* feet; and all of Lots 7, 8, 13 and 1'+J.~1l
in Block 07 of "Tract No. 2 Seal Beach Tract, Day
City If as shown on a Map recorded in Book 9, page 3
of MIscellaneous Maps, records of Orange County,
California.
p~el Z-. That portion of the alley in said Block 07
o ract No.2 Seal Beach Tract, Bay City," as shown
on a Map recorded in Book 9, page 3 ot Miscellaneous
Maps, records of Orange County California, lying
between said lots and part of lots above described
in Parcell vacated May 16th, 1916 by Resolution of
the Board 01' Trustees of the City of Seal Beach,
Ordinance No. 17.
DANA R WII.LIAM8
AT1'oRNIEY' A.T LoAW
".,.aIlBCU'R''''Y BL.D4.
L.aNG BEACH a. CALI.. \
T......HOH.J 8158.t.8
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DANA R. WILL.IAMS
ATTa.NIl:Y AT LAW
Aal~. .BURITY BLDG.
LoONG BEACH 2. C#.LIP.
TILI.HONI &B.-I.. I
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Resolution Number,
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for the sum of FIftEEN THOUSAND EIGHT HUNDRED FIFTY ($15',85'0.00)
DOLLARS from RICHFIELD OIL CORPORATION, a corporation, on the
terms hereinafter set forth;
NOW, THEREFORE, BE IT RESOLVED that the CityC'Olme'tlof the
City of Seal Beach purchase said real property above described
for the sum of FIFTEEN THOUSAND EIGHT HUNDRED FIFTY (815',85'0.00)
DOLLARS from RICHFIELD OIL CORPORATION, a corporation, and that
the Mayor and City Clerk of theCity of Seal Beach, CalifOrnia,
be, and they are hereby, authorized and directed to establish aD
escrow with some suitable escrow agent and take all other st,ps
necessary to purchase and acquire title to said real property for
s41d City; that the terms of said purchase aDd escrow agreements
shall provide for the payment of FOUR THOUSAND ($1+,000.00) DOLLABS
in cash, on the 1st day of August, 195'2, FOUR THOUSAND ($1+-,000.00)
DOLLARS, in cash, on the 1st day r:l: August, 195'3, FOUR THOUSAND
(11+,000.00) DODLARS, in cash, on the 1st day of August, 1951+, and
THREE THOUSAND EI~~HmlDRED FIFTY ($3,85'0.00) DOLLARS, in cash,
on the 1st day of August of 195'5'; provided, however, that the City
of Seal Beach shall have the right to pay a greater amount on aD1'
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annual payment date as it may desire; that the unpaid ann~l pay-
ments shall bear no interest; that the terms of said escrow and
the terms of the purchase agreement shall further provide that
the purchase price for said real property is to be derived from
the special fund of the City of Seal Beach officially designated
as the "Parking Lot Fund", and it is further provided that the
principal indebtedness thereby created shall be payable only out
of the revenue of said lIparld.ng Lot Fund", and that said indebted-
ness shall never, in any way whatsoever, constitute a charge upon
the General Fund or general credit of the City of Seal Beach.
BE IT FURTHER RESOLVED that all nvenue derived from the
"Parking Lot Fund" is hereby set asiie for the purchase of the
above described real estate, and that any excess of revenue
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Resolution Number
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remaining in the IIParking Lot Fundll at the end of any fiscal year
arter the pajment of purchase price or annual installment on
purchase price of said real estate shall beoome a part of the
General Fund or the City.
BE IT FURTHER RESOLVED that the City Council Qr the, City
or Seal Beach will not incur any rurther obl'gation against said
IIParking Lot Fundll until the rull obligation in the sum of FIFTEEN
THOUSAND EIGHT HUNDRED FIFTY ($15.850.00') DOLLARS has been paid to
RICHFIELD OIL CORPORATION. 'a'corporation. unless said RICHFIELD OIL
CORPORATION. a corporation. shall consent thereto. in writing.
PASSED. ADOPTED AND APPROVED this ~ day of JCJN~-. 1952.
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MAYOR OF THE CITY UF S L BEACH
CI
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
)
( SSe
)
I. John W. Mulcahy. City Clerk of the City or Seal Beach.
'Calirornia. do hereby certiry that the foregoing ordinance was
adopted by the City Councilor the City of Seal Beach at a
regular meeting or the City Council held on the il. day or J"A4l952
and that the same was adopted by the rollowing vote,
AYES:
NOES:
ABSENT:
Councilmen: Bowen. Lawhead. Leonard. Webster. Shufelt
Councilll18n' None
Councilmen: None
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