1961-6601RESOLUTION NO. 6601
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ANAHEIM ELECTING TO MAKE IMMEDIATE
PAYMENT UNDER AGREEMENT FOR PURCHASE OF
REAL PROPERTY FROM ALISO HOMES, INC. AND
AUTHORIZING SAID PAYMENT.
WHEREAS, heretofore, to wit, on the 14th day of
November, 1960, the City of Anaheim entered into an agree-
ment with Aliso Homes, Inc., a corporation, for the purchase
from Aliso Homes, Inc., a corporation, of the following
described property situated in the City of Anaheim, County
of Orange, State of California, to wit:
The North half of the Southeast quarter of the
Northwest quarter of Section 20, Township 4
South, Range 10 West, in the Rancho Los Coyotes,
City of Anaheim, County of Orange, State of
California, as said section is shown on a map
recorded in Book 51, Page 10 of Miscellaneous
Maps in the Office of the County Recorder of
said County, being more particularly described
as follows:
Beginning at an iron pipe tagged L. S. 2783 and
accepted as the Southwest corner of said North
half of Southeast quarter; thence North 0 17' 22"
West 666.78 feet, more or less, to the Northwest
corner of said North half, said Northwest corner
also being a point in the Southerly line of Lot 9
of the Kellogg Homestead Tract, as per map record-
ed in Book 8, Page 51 of Miscellaneous Maps, in
the Office of the County Recorder of said Orange
County distant easterly along said Southerly line
North 89 14' 47" East 1.51 feet from a concrete
monument with a one -inch iron pipe in the center,
said monument being the Southwest corner of said
Lot 9; thence North 89 14' 47" East 1335.08 feet
more or less to the Northeast corner of said North
half, said Northeast corner also being the South-
east corner of said Lot 9 of the Kellogg Homestead
Tract; thence South 0 08' 31" East 668.44 feet
more or less to the Southeast corner of said North
half; thence South 89 19' 02" West 1333.34 feet
more or less to the point of beginning.
EXCEPTING THEREFROM all that portion lying
southerly of the following described line:
Beginning at a point in the Westerly line of said
North half distant northerly along said Westerly
line North 0 17' 22" West 391.01 feet from the
Southwest corner thereof; thence North 89 19' 2"
East 73.55 feet to the beginning of a tangent
curve concave northerly and having a radius of
500 feet; thence Easterly along said curve
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AT1ST:
through a central angle of 6 4' 00" an arc
length of 52.94 feet to a point of reverse
curvature with a curve concave southerly and hav-
ing a radius of 500 feet; thence Easterly along
said curve through a central angle of 6 4' 00
an arc length of 52.94 feet; thence tangent to
said curve North 89 19' 2" East 732.17 feet to
the beginning of a tangent curve concave northerly
and having a radius of 300 feet; thence Easterly
along said curve through a central angle of
12 14' 00" an arc length of 64.05 feet; thence
tangent to said curve 77 5' 2" East 162.19 feet
to the beginning of a tangent curve concave
southerly and having a radius of 300 feet;
thence Easterly along said curve through a central
angle of 12 14' 00" an arc length of 64.05 feet;
thence tangent to said curve North 89 19' 02
East 137.80 feet to a point in the Easterly line
of said North half distant northerly along said
Easterly line North 0 8' 31" West 444.61 feet
from the Southeasterly corner thereof.
CONTAINING 8.010 acres.
for the sum of $125,757.00, lawful money of the United States„
Under the terms of said agreement for purchase the sum of
$40,450.50 was paid to Aliso Homes, Inc. upon execution of
the agreement and the further sum of $85,306.50 was payable
on or after the 1st day of January, 1961 and before the
30th day of June, 1961 at the option of the Buyer.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that it does hereby elect to exercise
its option to pay the further sum of $85,306.50 immediately
upon the terms and conditions set forth in said agreement.
BE IT FURTHER RESOLVED that the City Auditor of
the City of Anaheim be, and he is hereby, authorized to
deposit in escrow at Title Insurance and Trust Company,
800 North Main Street, Santa Ana, California, immediately
upon adoption of this resolution or as soon thereafter as
convenient, the sum of $85,306.50 cash, lawful money of the
United States, to be paid to Aliso Homes, Inc. for the
balance of the purchase price of the hereinabove described
property upon the terms and conditions set forth in the
agreement hereinabove referred to.
BE IT FURTHER RESOLVED that the City Manager and
the City Attorney be, and either of them is, hereby authorized
and directed to sign any necessary escrow instructions for and
on behalf of the City of Anaheim for the consummation of the
purchase of said real property upon the terms and conditions
herein set forth and as set forth in said agreement.
THE FOREGOING RESOLUTION is approved and signed by
me this 17th day of January, 1961.
CI CLERK OF THE CITY OF ANAHEIM
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MAYO F T CI OF ANAHEIM