HomeMy WebLinkAboutCC Res 762 1952-07-07
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DANA R. WILLIAMI
ATTOftNIEY AT LAW
421.. _.IeURITV BLDG.
LONG BEACH 2. CALIF.
TEL....HONE 115.1"'.
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RESOLUTION NO. 762
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH TO PURCHASE CERTAIN REAL PROPERTY AND
PROVIDING FOR PAYMENT THEREOF OUT OF "PARKING
LOT FOND."
WHEREAS, the City of Seal Beach has heretofore purchased
6 and now owns certain parking lots along and upon the beach area
7 of the City of Seal Beach and said parking lots are now in opera-
S ticin; and,
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WHEREAS, the revenue derived from said parking lots is
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10 now available for the uses specified in Sections 2 apd 3 of
11 Ordinance No. 423 of the City of Seal Beach; and,
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WHEREAS, the City Council finds that it would be to the
13 advantage and best interests of the City of Seal Beach to acquire
14 additional real estate adjacent to the present parking lots within
15 the City of Seal Beach for the purpose of establishing a public
16 park and additional parking lot area; and,
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WHEREAS, the City Council finds that it would be proper
18 and advantageous to the City of Seal Beach to use the proceeds
19 derived from all parking lots now in use or later to be purchased
20 and used as parking lots, for the purchase of additional real
21 property to be used as a public park and as additional parking
22 lots; and,
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WHEREAS, the City of Seal Beach now has the opportunity
purchase the following described real property, to wit:
Parc~l 1: Lots 6 and 1~, excepting the Westerly five
feet tnereof, Lots 9 and 121 excepting the Easterly
17t feet thereof and all or Lots 7, 8, 13 and 14 in
Block 07 of Traci No. 2 Seal Beach Tract Bay City
as per map recorded in Book 9, Page 3 of Miscellaneous
Maps, Records of Orange County.
ALSO that portion of the alley in said Block
07 of said Tract No. 2 lying between said lots and por-
tions of lots hereinabove described vacated May 161 1916,
by resolution of Board of Trustees of the City of seal
Beach, Ordinance 17.
EXCEPTING AND RESERVING, one-half of all oil,
gas and mineral; and oil, gas and mineral rights upon
and under the above described land, without the right
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Resolution Number
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of entry upon said property, in connection with this
reservation, as reserved in the deed from the Security
First National Bank of Los Angeles, to Philip Norton,
et al1 dated September 19~ 1938, and recorded in Book
970, page 11 of Official Records, of Orange County,
Ca11forma.
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SUBJECT TO: All of General and Special taxes for the
fiscal year 195'2-5'3, and also subject to any and all
covenants, conditions, restrictions, reservations,
rights, r1ghts of way and easements of record.
sum of FI.Fl'EEN THOUSAND EIGHT HUNDRED FI.Fl'Y ($15,850.00)
from RICHFIELD OIL CORPORATION, a corporation, on the
9 terms hereinafter set forth;
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NOW, THEREFORE, BE IT RESOLVED that the City Council of
11 the City of Seal Beach purchase said real property above described
12 for the sum of FIFTEEN THOUSAND EIGHT HUNDRED FIFTY ($15,850.00)
13 DOLLARS from RICHFIELD OIL CORPORATION, a corporation, and that
14 the Mayor and City Clerk of the City of Seal Beach, California,
15 b~, and they are hereby, authorized and directed to establish an
16 escrow with some sUitable escrow agent and take all other steps
necessary to purchase and acqUire title to said real property for
said City; that the terms of said purchase and escrow agreements
shall provide for the payment of FOUR THOUSAND ($4-,000.00) DOLLARS,
in cash, on the 1st day of August, 1952, FOUR THOUSAND ($4,~00.00)
DOLLARS, in cash, on the 1st day of August, 1953, FOUR THOUSAND
($4-,000.00) DOLLARS, in caSh, on the 1st day of August, 1954-, and
THREE THOUSAND EIGHT HUNDRED 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 any
annual payment date as it may desire; that the unpaid annual pay-
ments shall bear no interest; that the terms of said escrow and
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the terms of the purchase agreement shall further provide that
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DANA R. WIL,LIAM8
ATraItNJ:Y AT L,AW
."'.;1 SIlCURIT'r IILD.
LONa BRACH 2, CALIF.
TELEPHONE E115.8.ge
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
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1 of the revenue of said "Parking Lot Fund", and that said indebted-
I 2 ness shall never, in any way whatsoever, constitute a charge upon
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DANA R. WILLIAMS
AnoflNBY AT L.o\W
..al.a IlIECURITV BLDG.
LoONG SItACH a, CALIII'.
T'l:LBPHONE 8!S-II5188
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the General Fund or general credit of the City of Seal Beach.
BE IT FURTHER RESOLVED that all revenue derived from the
"Parking Lot Fund" is hereby set aside for the purchase of the
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above described real estate, and that any excess of revenue
remaining in the "Parking Lot Fund" at the end of any fiscal year
after the payment of purchase price or annual installment on
purchase price of said real estate shall become a part of the
General Fund of the City.
BE IT FURTHER RESOLVED that the City Council of the City
of Seal Beach will not incur any further obligation against said
"Parking Lot Fund" until the full obligation in the sum of FIFTEEN
14 THOUSAND EIGHT HUNDRED FIFTY ($15,85'0.00) DOLLARS has been paid to
15 RICHFIELD OIL CORPORATION, a corporation, unless said RICHFIELD
16 OIL CORPORATION, a corporation, shall consent thereto, in writing.
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18 PASSED, ADOPTED AND APPROVED this 7th day of July, 195'2.
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MAYOR
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
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I, JOHN W. MULCAHY, City Clerk of the City of Seal
Beach, California, do hereby certify that the foregoing Resolution
was adopted by the City Council of the City of Seal Beach at a
regular meeting of the City Council held on the 7th day of July,
1952, 'and that
AYES:
the same was adopted by the following vote:
Councilmen "."'h!~ J.RWf((U'4iEfJH.RQ~ lIte1l37~1 gpup~A.
Councilmen K"Ht::
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ABSENT': _ Councilmen
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