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78-505 r-. -. ,..-.". RESOLUTION NO. 78R- 505 A RESOLiION OF THE CITY COUNCIL OF THE CITY OF ANA 1M APPROVING THE SALE OF CERTAIN CITY- OWNED E SEMENT RIGHTS AND AUTHORIZING AND DIRECTI, G THE CITY ENGINEER TO COMMENCE PRO- CEEDINGS TO VACATE AND ABANDON A PORTION OF ORANGEWbOD AVENUE. WHEREAS~ the City of Anaheim did purchase easement for roadL and public utility purposes, said ment then being n~cessary for slopes for a proposed overpass; and an ease- freeway WHEREAS~ said overpass, if needed, can be built in a different m~er within the right-of-way to be retained by the City; and WHEREASI, Emkay Development and Realty Company has agreed to pay theiCity of Anaheim $172,846.08 for theCity's easement rights aPd to clear Emkay's title to Emkay's property abutting! Orangewood Avenue in order that Emkay can develop said prop~rty; and WHEREA~, the fair market value of said easement rights is hereby !determined to be $172,846.08; and WHEREASj, it is desirable to sell said easement rights to Emkay f10r $172,846.08. NOW, T~REFORE, BE IT RESOLVED by the City Council of the City of Aqaheim as follows: 1. The Cit1Y Council of the City of Anaheim does hereby!agree to quit-claim City's interest in said e~sement to Emkay for the sum of $172,846.08. 3. The Ci~Y Engineer is hereby directed to initiate abando ment proceedings to vacate and abandon that p rtion of Orangewood Avenue; said initiation to co~ence upon receipt of said $172,846.08. That t~e Mayor be, and he is, authorized and directed to exequte a quit-claim deed to Emkay, or such other party ~s Emkay may direct, upon completion of said abando~ent proceedings by adoption of a resolution of abarldonment. 2. .''-'' 4. Any re~enue derived from the sale of said proper'tiy shall be placed in the City Council Contingency Fund Revenue Account. -1- r-, .-.. THE FOR~GOING RESOLUTION is approved and adopted by the City counc~l of the City of Anaheim this' 8th' day of August , 19y8. ATTEST: .....-... . ~~~NA!!EIM ! MES : j h ~ -2- ,..- --- STATE OF CALIFORNIA ) COUN'fI.. OF ORANG& ) ss . CITY OF ANAHEIM ) /~ . It LINDA D. ROBERTS, City C~rk of the City of Anaheim, do ~ereby certify that the foregoing Resolution No.1 78R-50S was introduced and adopted at a regular meeting provided by law, of Ithe City Council of the City of Anaheim held on the 8th day of August, 1978, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Okrerho1t, Kaywood, Kott, Roth and Seymour NOES: COUNCIL MEMBERS: Nbne ABSENT: COUNCIL MEMBERS: Nbne AND I FURTHER CERTIFY that t~e Mayor of the City of Anaheim signed said Resolution No. 78R-50S on th~ 8th day of August, 1978. IN WITNESS WHEREOF, I have h,reunto set my hand and affixed the seal of the City of Anaheim this 8th day of August, 1978. ~.&.~ 1 :17J CITY CL ' OF THE CI OF ANAHEIM (SEAL) I, LINDA D. ROBERTS, City C1~rk of the City of Anaheim, do hereby certify that the foregoing is the origina~ of Resolution No. 78R-505 duly passed and adopted by the Anaheim City Council Qn August 8, 1978. ~~~~~ CITY CLERK ) 1