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1962-0593RESOLUTION NO. 62R 593 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM AUTHORIZING THE PURCHASE AND ACQUISITION OF CERTAIN REAL PROPERTY FOR MUNICIPAL PURPOSES. AND RESCINDING RESOLUTION NO. 62R -109. WHEREAS, EDWARD A. ESTRADA and ESTHER H. ESTRADA, husband and wife, Finance Dir R/W Attorney are the owners o t e ere na er escri ed rea property s tuate 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 112,775.00 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 acquisition of said 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 EDWARD A. ESTRADA and ESTHER ii. ESTRADA, husband and wife, 17 7611 to the City of Anaheim all t at real property situated its. the City of Anaheim, County of Orange, State of California, described as follows, to wit: Lots 17 and 18 of the Mazy Goodman Tract, in the City of Anaheim, as per map recorded in Book 7, Page 21 of Miscellaneous Maps, records of Orange County, California, for the sum of $12,775.00 cash, lawful money of the United States, be, and the same is hereby, accepted subject to the following terms and conditions: 1. That said property shall be conveyed to the City of Anaheim free and clear of all encum- brances except all general and special taxes for the fiscal year 1962 -63, including any special district levies, payment of which is in- cluded therein and collected therewith; all taxes and assessments levied or assessed sub sequent to the date the escrow, hereinafter referred to, is entered into between Buyer and Sellers; and all covenants, conditions, restrictions, reservations, rights, rights of way and easements of record approved by the City Attorney. 2. That the Sellers shall pay that portion of the taxes for the fiscal year 1962 -63 on subject property from July 1, 1962, to date the deed to the City of Anaheim is recorded. BE IT FURTHER RESOLVED that the City Manager and the City Attorney of the City of Anaheim be, and either of them 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 United California Bank, Anaheim Office, Anaheim, California. AND BE IT FURTHER RESOLVED that the City Auditor be, and he is hereby authorized to deposit in escrow at said United California Bank $12,775.00 cash, lawful money of the United States, to be paid to the owners of said real property when a deed conveying said property to the City of Anaheim free and clear of all encumbrances, except as hereinabove set forth, can be recorded and a policy of title insurance issued by Title Insurance and Trust Company, 800 North Main, Santa Ana, California, showing said property vested in the City of Anaheim as hereinabove specified. AND BE IT FURTHER RESOLVED that the Buyer shall pay all escrow fees in the purchase of said property, including the charges for furnishing a policy of title insurance necessary to show title vested in the City of Anaheim, the U. S. Internal Revenue stamps required to be affixed to the deed, etc. (Costs of reconveyance to be paid by Sellers.) AND BE IT FURTHER RESOLVED that Resolution No. 62R -109 is hereby rescinded. THE FOREGOING RESOLUTION is approved and signed by me this 26th day of June, 1962. ATTEST: STATE OF CALIFORNIA COUNTY ORANGE ss -CITY OF ANAHEIM I, DENE M. WILLIAMS, CIty Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No 62R -593 was introduced and adopted at .a regular meeting provided by law, of the City Council of the City of Anaheim, held on the 26th day of June, 1962, by the following vote of the members thereof: AYES: COUNCILMEN: NOES: COUNCILMEN: ABSENT: COUNCILMEN: "Dutton, Schutte, Chandler, Krein and Coons. None. None. AND I- FURTHER CERTIFY that the Mayor.of_the City of Anaheim approved and signed said resolution on. the 26th day of June, 1962. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 26th day of June, 1962. (SEAL) CITY CLERK OF THE CITY OF ANAHEIM