1977-515RESOLUTION NO. 77R-515
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM EXERCISING AN OPTION TO PURCHASE
CERTAIN REAL PROPERTY AND AUTHORIZING AND
DIRECTING THE PAYMENT THEREFOR.
(Nalco Chemical Company)
WHEREAS, the City of Anaheim did, by a document entitled
"Sale and Purchase Agreement Option, Lease and Escrow Instructions"
(hereinafter Agreement) dated December 7, 1976, agree to purchase
certain real property (hereinafter Parcel 2); and
WHEREAS, said Agreement further does grant to the City
of Anaheim an option to purchase a second parcel of property as
described in said Agreement (hereinafter Parcel 1), and does fur-
ther provide that said option may be exercised until August 1, 1977;
and
WHEREAS, the City of Anaheim has acquired Parcel 2 by deed
duly recorded; and
WHEREAS, it is in the best interest of the City of Anaheim
to exercise its option to purchase Parcel 1.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Anaheim does hereby exercise its option to purchase said
Parcel 1 pursuant to Section 8 of said Agreement.
BE IT FURTHER RESOLVED that the Finance Director be, and
he is hereby, authorized and directed to prepare a warrant in the
amount of $320,000.00, payable to Title Insurance and Trust Company
and to forward or cause to be forwarded, said warrant to said Title
Insurance and Trust Company.
BE IT FURTHER RESOLVED that the City Attorney or Assistant
City Attorney be, and he is hereby, authorized to execute on behalf
of the City of Anaheim escrow instructions and such other documents
as may be necessary to effectuate the purchase of Parcel 1 pursuant
to the terms of said Agreement.
BE IT FURTHER RESOLVED that the City Clerk be, and she is
hereby, authorized and directed to forward certified copies of this
resolution to both Nalco Chemical Company and Paul, Hastings and
Janofsky by certified mail, return receipt requested.
BE IT FURTHER RESOLVED that the Finance Director is auth-
orized to draw warrants to pay such additional costs and fees con
templated by said Agreement.
THE FOREGOING RESOLUTION is approved and signed by me
this 19th day of July, 1977.
ATTEST:
CITY CLERK OF THE" CITY OF ANAHEIM
MES fm
OR 0 THE ITY OF ANAHEIM
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
(SEAL)
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I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 77R -515 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 19th day of July, 1977, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Seymour, Kott, Roth and Thom
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim approved and
signed said Resolution No. 77R -515 on the 19th day of July, 1977.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 19th day of July, 1977.
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 77R -515 duly passed and adopted
by the Anaheim City Council on July 19; 1977.