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HomeMy WebLinkAbout1629 RESOLUTION NO. 1629 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA PROVIDING FOR THE PURCHASE OF REAL ESTATE FOR A SITE THEREIN FOR MUNICIPAL BUILDINGS, FOR THE EXECUTION OF NECESSARY AGREE- MENT IN CONNECTION THEREWITH, ACCEPTING GRANT DEED COVERING CERTAIN REAL PROPERTY AND FOR THE TRANSFER OF FUNDS FROM THE WATER DEPARTMENT DEPRECIATION AND REEERVE FUND TO THE GENERAL FUND OF SAID CITY TO PROVIDE FUNDS FOR SUCH PURCHASE. THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS FOLLOWS : SECTION 1. WHEREAS, in the opinion of this Council, due to the rapid growth and development of the City of Arcadia, there exists an urgent need for an adequate site for the location and construction of a civic cente~, within which to house the several departments of municipal government and operations, and WHEREAS, The City Council, upon proper investigation and study of the problems involved, has concluded that an available site of approximately thirteen acres situated on Huntington Drive, immediately south of the intersection of Colorado Place, in said City, meets the requirements of, and is appropriate to, the City of ~rcadia for such purpose, and WHEREAS, a committee of representative citizens and tax payers from the various sections of the City has recom- mended the selection of the aforesaid site and its purchase by the City for this purpose, and WHEREAS, the purchase of the site herein mentioned and described will enable the City Council to arrange for the sale of other real property, now belonging to the City, the use of which for municipal purposes will no longer be required, and WHEREAS, the City Council has made an investigation of the suitability and the cost of the proposed site on Huntington Drive and is satisfied that the location is appropriate and the purchas e price of $39,324,00 is fair and reasonable, and WHEREAS, the balance on hand in the Water Depart- ment Depreciation and Reserve Fund of said City, as of March 31, 1947, '\lOf.~~O is the sum of One Hundred Fifty Nine Thousand Three Hundred Fourteen and 25/100 Dollars ($159,314.25), NOW, THEREFORE, BE IT RESOLVED that thereb~ transferred from the Water Department Depreciation and Reserve Fund of said City to the General Fund of said City the sum of Thirty Nine Thousand Three Hundred Twenty Four Dollars ($39,324.00). BE IT FURTHER RESOLVED that said sum of Thirty Nine Thousand Three Hundred Twenty Four Dollars ($39,324.00) be returned to said Water Department Depreciation and Reserve Fund by transferring thereto an equal amount from the Admissions Tax Fund, which latter fund now amounts to the sum of Eighty One Thousand Six Hundred Twenty Seven and 25/100 ($81,627.25), as soon as the proceeds of such Admission Tax Fund become available to the City of Arcadia. BE IT FURTHER RESOLVED that if the present amount of the said Admissions Tax Fund should not become available to the City, then and in that event provision shall be made by this Council for the repayment and return of the aforesaid sum of $39,324.00 to the Water Department Depreciation and Reserve Fund by transferring thereto from the General Fund of said City at the end of each fiscal year beginning June 30, 1947, a sum equal to one-eighth of the amount so transferred as aforesaid for a period of eight consecutive years. BE IT FURTHER RESOLVED that the said amount of Thirty Nine Thousand Three Hundred Twenty Four Dollars ($39,324.00) be used and applied towards the purchase by the City of the afore- mentioned real property consisting of approximately thirteen acres in the City of Arcadia, County of Los Angeles, and being a portion of Lot 5, of Tract No. 949, as shown on Map recorded in Book 17, Page 13 of Maps, records of Los Angeles County, (as more particularly described in Grant Deed hereto attached and by this reference made -2- ,,'l>r;.~" a part of this Resolution). BE IT FURTHER RESOLVED that upon the furnishing to the City of Arcadia of appropriate evidence of the ability of the vendor to grant to the City a clear and marketable title to said real property, through escrow or otherwise, the Mayor and City Clerk of the City of Arcadia be, and they are hereby, authorized and directed to execute in the name of and on behalf of the said City that certain Agreement dated May 6, 1947, between Rancho Santa Anita, Inc., a corporation, as vendor of the afore- mentioned real property, and the City of Arcadia, a municipal Corporation, as purchaser thereof, relating to the use of said property for municipal or public purposes, and that the City of Arcadia accept from Rancho Santa Anita, Inc., -a corporation, -. .- Grant Deed dated May 6, 1947, conveying to the City of Arcadia the aforesaid real property situated in the City of Arcadia and described more particularly in said Grant Deed. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. I HEREBY CERTIFY that the foregoing Resolution was adopted at a regular meeting of the City Council of the City of Arcadia, held on the 6th day of May, 1947, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen, Leeper J Nugent J NOES I Councilman Adcock ABSENT: None Ormsby and Russell ~ - t?/:~g City Clerk of the City of ~ dia SIGNED AND APPROVED this 6th day of May, 19~ /11. 11 ram. Mayor of the City of rcadia ATTEST: -3- ,~J ,~-CV'