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Home My WebLink About5197 , -;.:.- CITY COUNCIL RESOLUTION NO. 5197 A RESOLUTION OF THE ARCADIA CITY COUNCIL DECLARING LOT 1583 OF CHICAGO PARK SURPLUS PROPERTY AND AUTHORIZING ITS SALE TO TAYLOR CONSTRUCTION COMPANY WHEREAS, The City of Arcadia owns fee title to that land described generally as Lot 1583 of Chicago Park in the City of Arcadia (see Legal Description in Preliminary Title Report - 8157699 dated August 1,1984 attached as Exhibit "A"); and WHEREAS, Ron V. Taylor, President of Taylor Construction Company has offered to buy said City lot for $14,445.00 ($4.50 per square foot) and has provided a check (No. 8475, dated September 4,1984 in the amount of $1,000.00 as evidence of good faith) and shall include said City lot in his planned development of Lots 1584 through 1589 located to the immediate east (Attachment "B"); and WHEREAS, the City has had the value of Lot 1583 appraised by two qualified Appraisers, and has determined that the offer by Ron V. Taylor is fair market value for the site as determined by these appraisals; and WHEREAS, the City Council desires to see the Chicago Park area developed and finds the proposed plans as submitted by Taylor Construction Company for the development of an office and construction yard on Lots 1584 - 1589 immediately to the east of Lot 1583 and on Lot 1583 is an attractive development (said plans are now on file in the Planning Department); and WHEREAS, the sale of the above described City property to Taylor Construc- tion would assist in both his plans to develop Lots 1583 - 1589 and in the City's desires to see Chica90 Park developed as an attractive industrial park; and WHEREAS, the City does not util ize the subject property for any specific public service; nor, is the subject property necessary for public services or facil iti es. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ARCADIA AS FOLLOWS: Section 1. That the City-owned property described above as Lot 1583 of Chicago Park is declared surplus. Section 2. That the City of Arcadia agrees to sell to Taylor Construc- tion Company the City-owned land (Lot 1583) described in Attachment "A" in exchange for $14,445.00 in cash, subject to execution and recordation of a Covenant and Agreement to Develop and Hold Property As One Parcel, and, subject to the design, construction, maintenance and use of the surplus parcel as set forth in his building plans now on file in the Planning Department. Section 3. The City Manager or his authorized designee is directed to execute and record all of the necessary documents to finalize the above transaction, subject to the approval of same as to form by the City Attorney. BE IT FURTHER RESOLVED that the City Clerk shall certify to the adoption of this Resolution. I HEREBY CERTIFY that the forgoing Resolution was adopted at a meeting of the Arcadia City Council held on the 2nd day of October by the affirmative vote of at least three City Council Members, to wit: regular , 1984, AYES: NOES: ABSENT: Councilmen Gilb, Lojeski, Pellegrino, Young and Hannah None None ~~~~ City Clerk oflhe City of Arcadia SIGNED AND APPROVED this ~y of ~./ , 1984. ATTEST: ~?4, City Cl erk flL~ Signed Mayor -2- City Council Reso. #5197 .' TICG::l. TlfLE INSUR'INCE COi'.lPArlY OF CALIFOR;IlI~ 1717 WALNUT GROVE AVE.. ROSEMEAD. CALIFORNIA 91770 TEL. (813) 307-70DO AUGUST 17. 1984 fFllE~IE~WlEfDJ SEP 2 7 1984 TO: CITY OF ARCADIA 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA 9IDD~ ArcOiiia R,dmi'llmil1lf1R'1Il1 ATTENTION: DALE CONNERS YOUR REFERENCE: A.I.N. a~3~-017-9UU OUR NO. : 6157699 IN RESPONSE TO THE ABDV~ REFERENCED APPLICATION FOR A POLICY OF TITLE INSURANCE. TICJR TITLE INSURANCE COMPANY OF CALIFORNIA HEREBY REPORTS THAT IT IS PREP~RED T~ ISSUE, ~R CAUSE TO BE ISSUEU. AS OF THE DATE HEREOF. A POLICY OR POLICIES OF TITLE INSURANCE DESCRIBING THE LAND AND THE ESTATE O~ INTEREST THEREI~ HEREINAFTER SET FORTH, INSURING AGAINST LOSS WHICH MAY BE SUSTAINED OY REASON OF ANY DEFECT. LIEN OR ENCUMBRANCE NOT SHOWN OR REFERRI::D TO AS AN EXCEPTIO:\! BELOW OR NOT EXCLUDED FROM COVERAGi: PURSUA,'IT TU T:1E PRINTED SCHEDULES. CONDITIONS AI~D STIPULATIONS CF, SAID POLICt FORMS. THE PRINTED EXCEPTIONS AND EXCLUSIONS FROM THE COVERAGE OF SAID POLICY OR POLICIES ARE SET FO~T~ ON THE ATTACHED caVER. COPIr,S OF THE POLICY FORMS SHOULD ~E READ. THEY ARE AVAILABLE FROM THE OFFICE WHICH ISSUED THIS REPORT. THIS REPORT I~ND ANY SUPPLE~ENTS O~ AMENDMENTS THERETO) IS ISSUED SOLELY FO~ THE PURPOSE OF FACILITATI~G THE ISSUANCE OF A POLICY OF TITLE INSURANCE AND NO LIABILITY IS ASSUMED HEREBY. IF IT IS OESIRED THAT LIABILITY BE ASSUMED PRIOR TO THE ISSUANCE OF A POLICY OF TITLE INSURAi'lCE, A BINDER OH COM'1 ITMcNT SHJULD .3:: REDllESTHlo DATED AT 7:30 A.M. AS OF AUGUST l, 19R4 TITLE OFFICER: R. CASEY EXT. ~O. 7287 THE FOKM UF POLICY OF TITLE I~SURANCE CONTEMPLATED 3Y THIS REPORT IS: ClTA STANDARD COVERAGE peLICY - 1973 TITLE TO THE ESTATE JR INTEREST ~EFERRED TO HEREIN, AT THE DATE HEREOt:. IS 'JESTED II.: THE CITY GF ARCADIA EXHIBIT "A" , fll5 769'1 ;'( :' A,~r; 'il TICGR TITLE INSUR~NCE CO~PANY OF CALIFORNIA THE ESTATE OR INTEREST I~ THE LAND HEREINAFTER OESCRI2ED OR REFERRED TO COVERED BY THIS ~E?ORT IS: A FEE. AT THE DATE HE~EOF EXCEPTIONS TO COVERAGE I~ ADDITION TU THE PRINTED EXCEPTIONS A,~D EXCLUSIONS CoNTRINED IN SAID POLICY FORM WOULD BE AS FOLLOWS: 1. ANY TAXES. CURRENT OR nELINQUENT. TAX SALES. STREET ASSESSMENTS. DoNOS. SPECIAL ASSESSMENTS. ASSESSMENT DISTRICTS. TAX DEEDS. TREASURER.S DEEDS. AND CERTIFICATES OF SALE. WHICH MAY EXIST AS LIENS. CHARGES OR ENCUMBRANCES AGAINST SAID LAND. NO EXAMINATION OF THE RECORDS PERTAINING TO SAID MATTERS HAVING BEEN MADE. DESCRIPTION: LOT lS83 OF CHICAGO PARK. IN THE CITY OF ARCADIA IN THE COUNTY OF LOS ANGELES. STATE OF CALIFORNIA. AS PER MAP RECCRDED IN BOOK 30 PAGE 100 OF MISCELLANEOUS RECORDS. IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. TITLE OF THE VESTEE HEREIN WAS ACQUIRED BY DEED RECORDED: PRIOR TO SIX MONTHS FROM THE DATE HEREOF POLICY RATE: fULL RC/TT;13 . ~tG7~qq J 7 P"~~ r,~ '~2 L! ?__j 100' E 1-:::- f98 g- ~ l... 7! .15891: -.Jl D"4~.,-:::::--- - .... 3.59. ... ....... _ ~<>.of'......---", ;:.--- ~ ~, ~ -........... . - . ~~-~ ~ ~ .. -- . -~ . .. -- .. . ----- .~l (:'" 0) .1594 , . '" ~ " " ~G 83-84 CODE 3~aa 3~1l9 3~9J 3S94 o ~ ~ ,., ASSM'T SEE: FOR PREVo "~JI.~9: : a!l40_ CHICAGO PARK PipCEL MA~ 1.1, R. 30 - 100 "0-44 p, M,... _ Tht~,~ ""'.1 ~,,.....,.)' fit tt." l.,lO"l. bill i, c"""",,1'd ,,,, j"""'",)l"'''""~,,,,,, t.....',...IrIOflhOrtop.'" "r 1'''"'':' I" "'~~"II""'f b~;'!I"U>ed. I 1 . .. ". .~ . ., DATE IN....OICE AMOUNT 90-3908 1222 TAYLOR CONSTRUCTION CO. 5108 ETHAN AVENUE 444-2978 ARCADIA, CALIFORNIA 91006 8475 PA Y tP'n j! , - \. ;//, C"'c,:.,;>a.-rl oCa~ncL .-n t7 /1 C' 0 nOLLARS D"'"J'E TO THE ORDER OF DISCOUNT CHECK AMOUNT : --J' ~I :~',.:.........,.", _._.._~. ..' . J,.. f/'iln Pc 0-< . ('~tA /.1 d ~ a t/ ~ t7F~aj d~~ 80050. SANTA ANITA AVE. ARCADIA, CA 91006 ~ - da-?/c:L- f'l,/icA:z.=e- ,w~{...e/ 11'0081., 7 511' I: I. 2 2 2 FlO8 91: 001....00 l, b I. 1.11' SOUTHLAND NATIONAL BANK of Arcadia L...... =-- ....- f+ I I , 8. l.. ;~ f. ...'~