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59R-5059 ,.,..'C..... RESOLUTION NO. 5059. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM AUTHORIZING THE PURCHASE AND ACQUI- SITION OF CERTAIN REAL PROPERTY FOR MUNICIPAL PURFOSES. WHEREAS, PAUL D. TEDRICK and MARIAN TEDRICK, husband and wife are the owners of the hereinafter described real property situated in the City of Anaheim, County of Orange, State of California; and WHEREAS, said owners have offered to sell said property to the City of Anaheim for the sum of $3,500.00 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 acqui- sition of said parcel of real property for municipal purposes, and that the price which the owners thereof are 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 PAUL D. TEDRICK and MARIAN TEDRICK, husband and wife, to sell all that certain real property situated in the City of Anaheim, County of Orange, State of California, described as follows, to wit: That portion of Lot 25 of Anaheim ExtenSion, in the City of Anaheim, as shown on a map of survey made by William Ha~mel and filed in the office of the County Recorder of Los Angeles County, California, a copy of which is recorded in Book 3, Page 163, et seq., en- titled Los Angeles County Maps, in the office of the County Recorder of said Orange County, described as follows: ,-'-'- Beginning at the Southwest corner of Lot 25 of Anaheim Extension, (which for the purpose of this description, is construed to be the center line intersection of Los Angeles Street and Ball Road), as shown on a map made by William Hamel and filed for record in the office of the County Recorder, Los Angeles, California; thence North 150 30' West along the West line of said Lot 25, a distance of 153.86 feet; thence Easterly parallel with the South line of said Lot 25, 54.99 feet; thence South 150 301 East, a distance of 87.46 feet to a point, said point being the beginning of a curve concave Northeasterly and having a radius of 15.00 feet; thence Southerly and Easterly alon~ said curve through a central angle of 740 33' 13 , an arc distance of 19.52 feet to a point in a line parallel with and 53.00 feet Northerly of the South line of said Lot 25; thence Easterly along the last mentioned parallel line to the Easterly line of the land conveyed to Paul D. Tedrick, et ux., in deed recorded December 20, 1938, in Book 972, Page 428, Official Records, in the office of the County Recorder of said Orange County; thence Southerly along a line parallel with the West line of said Lot 25, to the South line of said Lot 25, thence Westerly -1- along the South line of said Lot 25, to the point of beginning; ~~ EXCEPTING THEREFROM that portion of said land within Ball Road and Los Angeles Street, as now established. for the sum of $3,500.00 cash, lawful money of the United States, be, and the same is hereby accepted, subject to the following conditions: 1. That subject property shall be conveyed to the City of Anaheim free and clear of all encumbrances except the second half of the general and special taxes for the fiscal year 1958-59 including any special district levies, payments for which are included therein and collected therewith; and cove- nants, conditions, restrictions, reservations, rights, rights of way and easements of record. 2. That the purchase of this property is contingent upon the completion of Escrow No. 209-7814 filed concurrently herewith with Bank of America National Trust and Savings Association in which David S. Collins and Marion Graaf Collins are deeding to Paul D. Tedrick and Marian Tedrick certain real property. BE IT FURTHER RESOLVED that the City Manager of the City of Anaheim be, and he is hereby, authorized for and on behalf of the City of Anaheim to sign escrow instructions for the purchase of said real property, and to enter into an escrow with the owners of said property at Bank of America National Trust and Savings Association, Anaheim Branch, 150 E. Center Street, Anaheim, California. BE IT FURTHER RESOLVED that the City Auditor be, and he is hereby, authorized to deposit in escrow at Bank of America National Trust and Savings Association, Anaheim Branch, 150 E. Center Street, Anaheim, California, the sum of $3,500.00 cash, lawful money of the United States, to be paid to PAUL D. TEDRICK and MARIAN TEDRICK when a deed conveying said property to the City of Anaheim, free and clear of all encumbrances, except as herein- above set forth, can be recorded and a policy of title insurance issued by Security Title Insurance Company, 825 North Broadway, Santa Ana, California, showing said property vested in the City of Anaheim free and clear of all encumbrances, except as herein- above specified. BE IT FURTHER RESOLVED that the City of Anaheim shall pay all charges in connection with the purchase of this property including charges for furnishing a policy of title insurance necessary to show title vested in the City of Anaheim, as herein provided, as well as all charges in connection with Escrow No. 209-7814 filed concurrently herewith with Bank of America National Trust and Savings Association in which David S. Collins and Marion Graaf Collins are deeding to Paul D. Tedrick and Marian Tedrick certain real property. - THE FoREGOING RESOLUTION is approved and signed by me this 24th day of February, 1959. MAf!oJ~ ~I~ ~ I _ hr --y--- . ERK OF THE ~IM -2-