58R-4688
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RESOLUT ION NO. ~
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM AUTHORIZING THE PURCHASE AND
ACQUIS IT ION OF CERTAIN REAL PROPERTY FOR
~lliNICIPAL PURPOSES.
~~EREAS, Kenneth B. Wallace, as Trustee of the
hereinafter described real property situated in the City of
Anaheim, County of Orange, State of California, under grant
deed executed by Mary D. Wallace and recorded June 8, 1958,
Instrument No. 79333, in Book 3539, Page 220 of Official
Records in the Office of the County Recorder of Orange
County, has offered to sell said property to the City of
Anaheim for the sum of $54,600.00 cash, lawful money of the
United States; and
WHEREAS, the City Council does find and determine
that public convenience and necessity require the purchase
and acquisition of said parcel of real property f~ municipal
purposes, and that the price which said Trustee is willing to
accept is reasonable and not out of proportion to the fair
market value of said property.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that the offer of Kenneth B. Wallace,
as Trustee, to sell all of that certain real property situated
in the City of Anaheim, County of Orange, State of California,
described as follows, to wit:
The northerly eight gross acres (measured to
the center line of Gilbert Street) of the
following described property:
The West half of the Southwest quarter of the
Southeast quarter of Section 7, Township 4 South,
Range 10 West, S.B.B. & M.;
EXCEPTING THEREFROA1 the South seven acres of the
East half of the West half of the Southwest
quarter of the Southeast quarter of said Section
7, Township L~ South, Range 10 West, S.B.B. a M.
(containing 13.13 acres, more or less).
for the sum of $54,600.00 cash, lawful money of the United
States, be, and the same is hereby accepted, subject to the
following terms and conditions:
1. That the City of Anaheim shall have a survey
of subject property made without expense to
the seller.
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2. That tm Ci ty of Anaheim shall erect a fence
on subject property at such time as it is
improved.
3. That the City of Anaheim shall make irrigation
water available for the balance of the acreage
of said Trustee, at current irrigation water
rates, so long as needed by said Trustee,
seller herein, to irrigate his acreage.
4. That subject property shall be conveyed to the
City of .~aheim free and clear of all encum-
brances RXCEPT all general and special taxes
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for the fiscal year 1958-1959; and
covenants, conditions, restrictions,
r. rights, rights of way, easements and
reservations of record.
5. That the taxes on subject property shall
be pro rated at the close of escrow.
BE IT Fl.JRTHER RESOLVED that the CUy Administrator
of the City of Anaheim be, and he is hereby, authorized for
and on behalf of the City of Anaheim to sign escrow instruc-
tions for the purchase of said real property, and to enter
into an excrow with the Trustee of said property at Anaheim
Savings and Loan Association, Anaheim, California;
AND BE IT FURTHER RESOLVED that the City Finance
Director be, and she is hereby, authorized and directed to
pay into escrow at Anaheim Savings and Loan Association the
sum of $54,600.00 cash, lawful money of the United States,
to be paid to said Kenneth B. Wallace, as Trustee, when a
deed conveying said property to the City of Anaheim, free
and clear of all encumbrances, except as hereinabove set
forth, can be recorded and a policy of title insurance issued
by a reputable title company showing said property vested in
the City of Anaheim as hereinabove specified;
AND BE IT FURTHER RESOLVED that the seller shall
pay the usual and customary seller's charges for furnishing
a policy of title insurance necessary to show title vested
in the City of Anaheim, as herein provided, and that tre City
shall pay the usual buyer's share in the purchase of said
prop er ty.
THE FOREGOING RESOLUTION is approved and signed by
me this 5th day of August, 1958.
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J t~7~AHEIM.
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S!A.D OJ' CALIJ'OUU)
COUl!Y or OBA1ID ) aa.
CIft 0' "'....iM )
I. DDE M. .wILLUMI, OU7 Clerk +f 'he 01'7 at ~eill. de
her.ll7 eel'Uf;y \hat \11. tOl'ego1D€ reaolllU,a va. pus. aJI4 adop\.
at an ad.~ura. rep18r ...Uac ot the OUt Clo1Ul.OUr helel oa the 5th
elq ot .bp.t. 1958, \J7 \he tollovbe Tot.-!ot the membera thereot:
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.1D:S:
JaI:
.us.: OOUlfOIIIIII: 1'021.8.
AID I J'UUBIIl O:E!IlY that lIhe ~or ot \he 01\7 ot jaMeill
approT_ eD4 .1..... .aiel re801u1l1.. OIl lIhe i 511h 4q at Aqaell, 1958.
IB WITJOSI ..-.JOY, I ban hereq" .et 7q haII4 IIZI4
.U1xed. ..e seal of *01117 of --.eill t~a5th d~of .A.qaat. 1958.
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