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1955-2901RESOLUTION NO. 2901 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM AUTHORIZING TEE PURCHASE AND ACQUISITION OF CERTAIN REAL PROPERTY FOR PUBLIC PURPOSES. WHEREAS, Nutwood Properties, Inc. ;4 is the owner of that certain parcel of real property situated in the City of Anaheim, County of Orange, State of California, described as follows, to wit: The Southeast quarter of the Northeast quarter of the Southwest quarter of Section 17, Township 4 South, Range 10 West, San Bernardino Base and Meridian. EXCEPTING THEREFROM all that portion of said land described as follows: Commencinv at the center of said Section 17; thence South 0° 20' 16 West 662.07 feet along the East line of the Southwest quarter of said Section 17, said East line being also the center line of Nutwood Street, to the Northeast corner of the Southeast quarter of the Northeast quarter of the Southwest quarter of said Section 17, said point being the true point of beginning; thence continuing South 0° 20' 16 West 368.27 feet to the Northeast corner of the South 42 acres of the Southeast quarter of the Northeast quarter of the Southwest quarter of said Section 17; thence South 89° 58 12 West 1 feet along the North line of said South 4 acres to the Southwest corner of land de- scribed in deed to Emogene Stracner, a married woman, recorded January 26th, 1955 in Book 2936, Page 531 of Official Records; thence North 0° 20' 16" East 169.00 feet; thence South 89° 58' 12 West 26.00 feet; thence North 0° 20 16 East 199.15 feet to the Northerly line of the So}_u,th- east quarter of the Northeast quarter of the Southwest quarter of said Section 17; thence North 89° 551 21" East 176.00 feet to the point of beginning. AND WHEREAS, 5 acres of said parcel of land is needed by the City of Anaheim for use as a playground and recreational area, and the balance thereof, or 3.746 acres, is considered necessary by the Anaheim School District for a new school site; and WHEREAS, the City of Anaheim finds it necessary and desirable, in order to facilitate the purchase of said property, to purchase said property jointly with said School District, taking title to an undivided 5/8.746 interest therein, and with title to an undivided 3.746/8.746 interest therein in said School District, the City of Anaheim and said School District having heretofore agreed to enter into a par- tition agreement at a later date by which said property will be converted into estates of severalty by dividing the same according to their respective interests therein; and WHEREAS, Nutwood Properties, Inc. ;'r has offered to sell, transfer and convey said parcel of land to the City of Anaheim and the Anaheim School District in consideration of the sum of `;'52,476.00 in cash, the City's share for an -1-