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RES-2014-050 RESOLUTION 2014- 050 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM FINDING THAT IT IS IN THE BEST INTEREST OF THE CITY TO AUTHORIZE THE SALE OF CITY OWNED PROPERTY LOCATED AT 2123 WEST SUNRISE AVENUE AND AUTHORIZE CITY TO ENTER INTO A PURCHASE AND SALE AGREEMENT WITH MASCIEL FAMILY TRUST A, DATED MARCH 9, 1998 (ABA 2010 - 00185). WHEREAS, the City of Anaheim ( "City ") owns that certain property, consisting of approximately 7,395 square feet, located at 2123 West Sunrise Avenue, in the City of Anaheim, California (hereinafter "Property "); and WHEREAS, the Property has been used by the City as a water well site, that has been destroyed pursuant to Well Completion Report No. 731217; and WHEREAS, the Property will be sold "as is" and acceptance of the grant deed, which is attached to the staff report accompanying this Resolution ( "Grant Deed "), by Masciel Family Trust A, dated March 9, 1998 ( "Trust ") will be deemed as their acceptance to the physical condition of the Property; and WHEREAS, the Property is no longer required for municipal purposes; and WHEREAS, no agency identified in the Surplus Unimproved Land Act (California Government Code § §54222 - 54232) has, within sixty (60) days of notification by the City, notified the City of its intention to purchase the Property; and WHEREAS, on August 21, 2012, the City Council approved Resolution 2012 -101 to sell the Property for a fair market value of $170,000.00 ( "Fair Market Value "); and WHEREAS, Section 1222 of the ANAHEIM City Charter authorizes the City to sell City property for less than fair market value when the City Council finds such a sale is in the City's best interest; and WHEREAS, the City appraised the fair market value of the Property from $110,000 to $170,000; therefore, it is in the best interest of the City to sell the Property for less than the Fair Market Value set forth in Resolution 2012 -101. NOW, THEREFORE, BE IT RESOLVED that the City Council finds and determines, for the above stated reasons, that it is in the best interest of the City to sell the Property for One Hundred and Twenty ($120,000.00) and hereby authorizes the sale of the Property, which Property is more particularly described in Exhibit "A ", attached hereto and incorporated herein. BE IT FURTHER RESOLVED that the City Council hereby authorizes the City to enter into a purchase and sale agreement with the Trust for the purchase of the Property. The purchase and sale agreement is attached to the staff report accompanying this Resolution ( "Purchase and Sale Agreement "). BE IT FURTHER RESOLVED that the City Council authorizes the Mayor to execute the Purchase and Sale Agreement and Grant Deed. The grant deed is attached to the staff report accompanying this Resolution. BE IT FURTHER RESOLVED that the City Council authorizes the Public Utilities General Manager, or his designee, on behalf of the City of Anaheim, to take such actions as are necessary to implement and administer the Purchase and Sale Agreement. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 25th day of March , 2014, by the following roll call vote: AYES: Mayor Tait, Council Members Eastman, Murray, Brandman and Kring NOES: None ABSENT: None ABSTAIN: None CITY (4,-A IM By: MAYOR OF THE CITY OF ANAHEIM ATTEST: Alb / A CITY CL RK OF THE CITY OF ° NAHEIM EXHIBIT A LEGAL DESCRIPTION Real property in the City of Anaheim, County of Orange, State of California, described as follows: LOT 28 OF TRACT NO. 2878, AS SHOWN ON A MAP THEREOF RECORDED IN BOOK 92, PAGES 33 AND 34, MISCELLANEOUS MAPS, RECORDS OF SAID ORANGE COUNTY. APN: 072 - 501 -02 #99859