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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
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