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1968-032WHEREAS, the City of Anaheim is the owner of the here- in after described real property and WHEREAS, said real property is no longer needed for municipal purposes; and WHEREAS, Thorobred Racing Plate Company, a partnership, has offered to purchase said real property for the sum of $48,690.00 cash, lawful money of the the United States and 'IaEREAS, the City Council finds that it is for the benefit and best interest of the City of 2",naheim to accept said offer and sell and convey said real property to said Thorobred Racing Plate Company, upon the terms and conditions hereinafter set forth. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the offer of Thorobred Racing Plate Company to purchase the following described real property situ- ated in the City of Anaheim, County of Orange, State of Califor- nia, to wit; RESOLUTION NO. 68R- 32 A RESOLUTION OF 2HE CITY COUNCIL OF THE CITY OF 1-iAHEIfl AUTHORIZING THE SALE OF CERTAIN REAL PROPERTY AND AUTHORIZING THE EXECUTION OF A CONVEYANCE ThERLOF. All that portion of Lot 5, as shown on a 7..ap filed in Book 2, page 39 of Record of Surveys, in the office of the County Recorder of said County, and all that portion of the Third Class Land allotted to Tomas Yorba in Decree of Partition of the Rancho Canon de Santa Ana, a certified copy of which was recorded February 8, 1874 in Book 28, page 158 of Deeds, records of Los Angeles County, California, conveyed to the City of Anaheim, a municipal corporation, by deeds recorded June 19, 1967 in Eook 8283, page 895 and November 6, 1967 in Book 8427, page 46 of Official Records of said County, lying Northerly of the following described line: Beginning at a point in the Westerly line of said land conveyed by deed recorded in Book 8283, page 895 of Official Records, said point being distant Northerly 250 feet, measured along said Westerly line, from the Southwest corner thereof; thence Easterly to a point in the Easterly line of said land conveyed by last-mentioned deed, said point being distant thereon 282.38 feet Northerly, measured along said Easterly line, from the Southeast corner of said land conveyed by last-mentioned deed. EXCEPTING THEREFROM the Easterly 40 feet. RESERVING ThEREFPON unto the grantor herein an easement for the installation and maintenance of electric power poles, lines and incidental equipment over, under and across the Westerly 10 feet of the herein conveyed land. -1- for the sum of $48,690.00 cash, lawful money of the United States, be, and the same is hereby accepted, upon the follow- ing terms and conditions: 1. That said real property shall be sold and conveyed subject to all covenants, conditions, restrictions, reservations, rights, rights of way and easements of record. 2. That in the event the Purchaser desires a policy of title insurance, all costs of procuring said policy shall be paid by the Purchaser. BE IT FURTHER RESOLVED that the Mayor and City Clerk be, and they are hereby, authorized to execute a good and suf- ficient deed conveying to said Thorobred Racing Plate Company, a partnership, the real property hereinbefore described, and to deliver said deed to said Thorobred Racing Plate Company upon payment of the full purchase price as hereinabove set forth. BE IT FURTHER RESOLVED that the City Clerk be, and she is hereby authorized and directed to certify a copy of this resolution and cause the same to be attached to the deed to be executed by the Mayor and City Clerk on behalf of the City of Anaheim. THE FOREGOING RESOLUTION is approved and signed by me this 16th day of January, 1968. ATTEST: CI Y CLERK OF THE CITY OF ANAHEIM MAYOR OF THE CI Y OF ANAHEIM STATE OF CALIFORNIA COUNTY OF ORANGE ss. CITY OF ANAHEIM I, DENE M. WILLIAMS, City Clerk of hereby certify that the foregoing Resolution and adopted at a regular meeting provided by of the City of Anaheim, held on the 16th day following vote of the members thereof: the City of Anaheim, do No. 68R -32 was introduced law, of the City Council of January, 1968, by the AYES: COUNCILMEN: Dutton, Krein, Schutte, Chandler and Pebley NOES: COUNCILMEN: None ABSENT: COUNCILMEN: None AND I FURTHER CERTIFY that the Mayor of the City of Anaheim approved and signed said Resolution No. 68R -32 on the 16th day of January, 1968. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 16th day of January, 1968. (SEAL) CI CLERK OF THE CITY OF ANAHEIM I, DENE M. WILLIAMS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 68R -32 duly passed and adopted by the Anaheim City Council on January 16, 1968. City Clerk