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RESOLUTION NO.
A RESOLUTION CF THE CITY COUNCIL OF THE CITY
OF AFAHEIL AUTHORIZING THE PURCHASE OF REAL
PROPERTY OR THE ESTABLISH ,ENT CF CFF-STREET
PARKING LOTS.
7HEREAS, the City Council of the City of Anaheim finds it
necessary to establish off-street parking areas as near as possible
to Center and Los Angeles Streets in the City of Anaheim and finds
that the establishment and maintenance of such off-street parking
areas are reasonably necessary and for the benefit and best interest
of the City of Anaheim, and
WHEREAS, Gilbert U. Kraemer and. Esther Kraemer, husband and
wife, as joint tenants, are the owners of the property hereinafter
described, and as such owners of such real property have offered
to sell said real property to the City of Anaheim on the terms here-
inafter stated, and that said real property is suitable and desir-
able for the establishment End maintenance of an off-street parking
area, and
WHEREAS, the City Council of the City of Anaheim finds that it
is for the benefit and, best interests of the City of Anaheim to
accept said offer and purchase said real property on the terms and
conditions hereinafter set forth, and
WHEREAS, the City Council of the City of Anaheim further
finds that there will be sufficient funds derived from the "Parking
Meter 7undu to pay the purchase price for said real property, and
that any obligation of the City of Anaheim for the purchase of
said property will not and shall not become a charge against the
City General Fund or the credit of the City of Anaheim, and that
the owners of said lard have agreed that the consideration for said
real property shall be paid solely from the liParking Meter Fund";
THERFORE, EE IT RESCLVED BY THE CITY COUNCIL OF THE CITY
OF ANAHEIM that the real property hereinafter mentioned and describe
be purchased from Gilbert U. Kraemer and Esther Kraemer, husband and
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wife, as joint tenants, for the total sum of Eight Thousand (8,000. 0
Dollars, payable as follows; to-wit: Two Thousand (42,000.00)
Dollars upon the execution and delivery to the City of Anaheim
of a good and sufficient deed conveying said property to the City
of Anaheim, together 1 a Policy of Title insurance by a reputable
title company of Orange County, California, showing said property
vested in said Gilbert U. Kraemer and Esther Kraemer, husband and
wife, as joint tenants, free and clear of all incumbrances except
City and County taxes for the fiscal year 1948-49 and subject only
to conditions, restrictions, easements, reservations and rights-of-
way of record, and that the balance of said consideration shall be
paid annually in installments of Two Thousand k2,000.00) Dollars
or more, on the lst day of July of each and every year, commencing
July 1, 1949, and continuing until the balance of said considera-
tion shall be paid in full, together with interest on the unpaid
balance of said consideration at the rate of five per cent (5o)
per annum, payable annually, on the lst day of July of each year,
commencing July 1, 1949.
AND BE IT FURTHER RESOLVED that the entire consideration for
the purchase of said real property shall be paid solely from the
special fund of the City of Anaheim designated as the "Parking
eter Fund" and that no part of the principal nor interest shall
be or become a charge against the City General Fund or general
credit of the City of Anaheim but it shall be limited solely to
payment from the "Parking peter Fund."
AND BE IT FURTHER RESOLVED that the said Gilbert U. Kraemer
and Esther Kraemer, husband and wife, as joint tenants, may reserve
a vendor's lien upon said croperty as security for the unpaid
portion of the purchase price.
AND BE IT FURTHER RESOLVED that the City 'of Anaheim iminez,
accept a. conveyance of said property from said Gilbert U. Kraemer
and Esther Kraemer, husband and wife, as joint tenants, upon the
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terms and conditions hereinabove set forth.
Said real property is situated in the City of Anaheim,
County of Orange, and more particularly described as follows:
The Westerly one-half of Lot 38, Original Town of
Anaheim, as shown on a map recorded in Book 4, pages
629 and 630 of Deeds of Los Angeles County, excepting
the Northerly nine feet thereof which has been conveyed
to the City of Anaheim for alley purposes.
The foregoing Resolution was approved and signed by me this
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day of August, 1948.
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF ANAHEIM
1948.
SS.
the seal of said City of Anaheim this 21
-3-
Mayox_of the City of Anaheim
I, CHARLES E. GRIFITH, City Clerk of the City of Anaheim,
do hereby certify that the foregoing resolution was passed and
adopted at a regular meeting of the City Council of the City
of Anaheim, held on the 24 day of August 1948, by the
following vote of the members thereof:
AYES: COUNCILMEN: Pace, Heying, Honey, Van Wagoner
NOES: COUNCILhEN: None
ABSENT: CGUNCILMEN: Pearson.
And I further certify that the Mayor of the City of Anaheim
signed and approved said Resolution on tne 24 clay of August
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
day of AuRust
ITY CLERK
OF NAHEIM
194