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HomeMy WebLinkAbout62-52 - Park Site Purchase - Tract 4536RESOLUTION N0. 62-52 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA DETERKINING THAT THE PARK SITE ADJACENT TO TRACT N0, 4536 IS IN THE PUBLIC INTEREST, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT FOR THE PURCHASE OF SAID PARK SITE AT THE PRICE OF TWENTY-ONE THOUSAND ($21,000.00) DOLLARS PER ACRE. The City Council of the City of Costa Mesa does hereby resolve and determine as follows: SECTION 1. That it is for the public interest, convenience and welfare that that certain property hereinafter described be purchased by the City of Costa Mesa for recreation and park purposes. Said real property is described as follows: Lot 53, Tract No. x&q, as shown on a map recorded in Book 160, Pages 37 and 38, of Official Records of Orange County, California. SECTION 2. That the City Council of the City of Costa Mesa finds and determines that the suis of Twenty-one Thousand ($21,000.00) Dollars per acre is a fair and reasonable price for said real property above described. SECTION 3. That it is to the best interest of the City of Costa Mesa that an agreement be entered into with the owner of said property for the purchase of said park site, at the rate above set forth, to be paid in instal- lments as follows and containing the following provisions: a. The sum of $8,395.08, upon the execution of this agreement. b. Subsequentinstallments to be paid at the time that Owner has fees payable to the City of Costa Mesa in connection with Tract No. 4536, the amounts of said installment to be a sum equal to the fees payable by said Owner to City. c. That said agreement provide that, simultaneously with the execution of said agreement, Seller will execute and deliver to City a grant deed to said property above described. d. That said agreement provide that all costs of escrow and costs of policy of title insurance shall be paid by City. SECTION 4. That the Mayor and City Clerk be, and the same are hereby authorized to execute said agreement on behalf of the City, PASSED AND ADOPTED this 2nd day of April, 1962. a� -fts- 1 'C"114 Mayor of ity of Costa Mesa ATTEST: City Clerk of the City 6 Costa Mesa -154 STATE OF CALIFORNIA } COUNTY OF ORANGE ) SS. CITY OF COSTA MESA ) I, A. C. SWARTZ, City Clerk and ex -officio Clerk of the City Council of the City of Costa Mesa, California, do hereby certify the foregoing Resolution No. 62-52 Was duly and regularly passed at a regular meeting of the City Council of the City of Costa Mesa on the 2nd day of April, 1962. IN WITNESS WHEREOF, I do hereunto set m' hand and seal, this 2nd day of April, 1962. City Clerk and Ex-offici Clerk of the City Council of the City of Costa Mesa