HomeMy WebLinkAbout0608
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RESOLUTION NO. 60S.
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AR-
CADIA OFFERING TO PURCHASE CERTAIN REAL PROPERTY FROM THE ESTATE
OF CLARA BALDWIN STOCKER, DECEASED, AT THE PRICE AND UNDER THE
TERMS AND CONDITIONS HEREIN SPECIFIED.
THE CITY COUNCIL OF THE CITY OF ARCADIA DO RESOLVE AS
FOLLO\'1S:
That in accordance with that certain Notice of Sale
of Real Estate at Private Sale in the matter of the estate of Clara
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~ feet below the surface of the ground, for any purpose required:
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by said City of Arcadia in the discharge of any of its Municipal i
functions, and including the right and privilege of said City to i
maintain and use said pipe line or lines for the conveyance and I
substance or commodi ty I
of Arcadia in the dis- I
transportation of water, gas and/or other
and/or required
furnished and/or distributec\by said Ci ty
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charge of any of its Municipal functions and including the right
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of said City at any time to increase the number of said pipe lines
and lay and maintain same of a size, character and material dif-
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ferent from those originally laid or at any time hereafter laid o~
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installed by said City, with the right of ingress and egress to ~d
from the land described in said Easement.
Subject to taxes of the fiscal year 1931-32;
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Subject also, to an Easement to the County of Los An- i
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geles, dated June 27, 1916, for a right of way 450 feet wide for:
the purpose of controlling the flood wB.ters in the Rio Hondo Chan~
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nel and also subject to rights of parties in possession, for the I
sum of Twenty-five Thousand, Five Hundred (625,500.00) Dollars, I
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ten per cent (10%) whereof shall be immediately paid by said Cityj
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of Arcadia to the Executors of said estate and balance, in the ,
event sale is confirmed by said Superior Court, to be paid in
cash through escrow deliverable to said Executors, if, as and
when,
1. Policy of Title Insurance shows title to sald
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real property in the name of said City of Arcadia, free and clear:
of all incumbrances except those hereinabove specified;
2. Grant Deed is delivered to said City of Arcadia
properly acknowledged and executed by the Executors of said es-
tate conveying ownership of said real property to said City of
Arcadia and including said easement to said City of Arcadia, free.
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and clear of all incumbrances except those hereinabove specified.:
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Said City of Arcadia will pay one-half of the Escrow I
fees, cost of said Policy of Title Insurance and all other ex-
penses incidental to said Escrow, the remainder of all of said
charges to be paid by said Estate. !
AND BE IT FURTHER RESOLVED, that the Mayor of said I
Ci ty of Arcadia and the City Clerk thereof be and they are here- I
by authorized to sign any bid or other instrument necessary to I
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