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HomeMy WebLinkAbout1023 l' ) r " .. J f , RESOLUTION NO. 1023. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA APPROVING CERTAIN ESCRO','1 INSTRUCTIONS PERTAINING TO THE PURCHASE BY THE CITY OF ARCADIA OF CERTAIN REAL PROPERTY AND \IATER AND HATER RIGHTS FROM RANCHO SANTA ANITA INC., AND AUTHORIZING THE EXECUTION OF SAID ESCROIT INSTRUCTIONS BY SAID CITY. THE CITY COUNCIL OF THE CITY OF ARCADIA DOES R,ESOLVE AS FOLLO,';S : SECTION 1. That the terms of those certain escrow instructions to Title Insurance snd Trust Company of Los Angeles, California, dated January 29, 1940, and desi;3Ilated as Escrow No. 1668155, under the terms of which the City of Arcadia is to pay into said escrow the sum of THIRTY FOUR THOUSAN~ FIFTY THREE and 44/100 ($34,053.44) DOLLARS, and funds to cover additional charges of said City in said escrow, which said sum is to be delivered to the Seller upon delivery to said City of the conveyance of certain real property and water and water rights pertaining to certain property in said City of Arcadia, be and the same are hereby approved and the Mayor and City Clerk of said City of Arcadia are authorized and iustructed to execute said escrow instructions on be- half of said City of Arcadia. The City Clerk is further instructed to forward warrant of the City of Arcadia to said Title Insurance and Trust Company in the sum o:f THIRTY FOUR THOUSAND FIFTY THlU:E and 44/100 (t;34,053.44) DOLLARS, pursuant to said escrow instructions. SECTION 2. The City Clerk shall certify to the adoption of this R~solution. I hereby cortify that the foregoing Resolution was adopted at a re~lar meeting of the City Council of the City of Arcadia, held on the 6th day of February ,1940, by the affirmative vote of at least three Councilmen, to-wit: AYES: CounCilmen, Bolz, Griffitts, Leeper, 'Perkins. and Walter NOES: None ABSENT: None Mr.t(, ~~ - City Cle It SIGNED and approved this 6th day of February ,1940. ATTEST, ~ ~ty C '0 ~~. -1-