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1955-2806RESOLUTION NO. 2806 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM AUTHORIZING THE PURCHASE AND ACQUISITION OF CERTAIN REAL PROPERTY. WHEREAS, the Anaheim School District of Orange County, a political subdivision of the State of California, is the owner of that certain parcel of land situated in the City of Anaheim, County of Orange, State of California, described as follows, to wit: Lot 26 of Anaheim Investment Company's Tract, as shown on a map thereof recorded in Book 7, Pages 33 and 34, Miscellaneous Maps, Records of Orange County, California; AND WHEREAS, said School District has offered to sell, transfer and convey the southerly 330.18 feet thereof to the City of Anaheim for and in consideration of the sum of Twenty two Thousand Five Hundred Dollars ($22,500) cash, lawful money of the United States; and WHEREAS, the City Council does find and determine that it would be to the advantage and for the best interest of the City of Anaheim to acquire said real property, and that the offer of the owner thereof to sell said property to the City for the above mentioned sum is not disproportionate 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 the Anaheim School District of Orange County to sell said property, situated in the County of Orange, State of California, and described as follows, to wit: The southerly 330.18 feet of Lot 26 of Anaheim Investment Company's Tract, as shown on a map thereof recorded in Book 7, Pages 33 and 34, Miscellaneous Maps, Records of Orange County, and containing 5.0 acres, more or less, for the sum of Twenty -two Thousand Five Hundred Dollars ($22,500)in cash, be, and the same is hereby, accepted, and that a deed to said property from said Anaheim School District of Orange County be, and the same is hereby, accepted, subject to the conditions herein- after specified; and BE IT FURTHER RESOLVED that the Mayor 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 owner of said property with the All Service Corporation, 211 E. Center Street, Anaheim, California, which escrow shall include, among other things, the following conditions: 1. That the escrow shall be for a period of six (6) months from date hereof. -1- 2. That the City of Anaheim shall be entitled to receive all revenue from the existing orange crop on said Lot 26, including that portion retained by said School District. 3. That the cost of the care and maintenance of said orange crop, including that portion of the crop on the portion of Lot 26 retained by said School District, shall be borne by the City of Anaheim until said crop is harvested. '3E 12 FURTHER RESOLVED thst the City Treasurer he is hereby, authorized and directed to pay into escrow with the All Service Corporation, 211 East Center Street, Anaheim, California, the sum of Twenty-two Thousand Five Hundred Dollars ($22,500), lawful money of the United States, to be paid to the Anaheim School District when a deed conveying said property to the City of Anaheim, free and clear of all encumbrances, except taxes for the fiscal year 1954-55, and convenants, conditions, restrictions, reservations, rights, rights-of-way and easements of record, can be recorded and a policy of title insurance issued by the Security Title Insurance Company showing said property vested in the City of Anaheim. THE FOREGOING RESOLUTION is signed and approved by 14th me this day of June 1955. ATTEST: CITY CLERK OF THE CITY OF ANAHEIM. STATE OF CALIFORNIA COUNTY OF ORANGE ss. CITY OF ANAHEIM MAYOR OF THE CITY OF ANAH,d, I, DENE M. WILLIAMS, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution was introduced and adopted at a regular meeting provided by law, of the City Council of the City of Anaheim, held on the 14th day of June 1955, by the following vote: AYES: COUNCILMEN: Pearson, Fry, Sehutte and Wiser. NOES: COUNCILMEN: :done. ABSENT: COUNCILLIEN: Van Wagoner. AND 1 FURTHER CERTIFY that the Mayor of the City of Anaheim approved and signed said. Resolution on the 14th day of June 1955. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 14th day of June 1955. (SEAL) CITY CLERK OF THE CITY OF ANAHEIM. -2-