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HomeMy WebLinkAbout2540 . RESOLUTION NO. 2540 A RESOLUTION CF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, AUTHORIZING AND DIRECTING EXECUTION OF AGREID'ENT RELATIVE TO THE DEDICATION OF POOPERTY FOR STREET I'URPOSES THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES DETEID1INE AND RESOLVE AS FOLLOWS: . SECTION 1. That the public convenience and welfare require the execution by the City of Arcadia of an agreement by and between LOS ANGELES TURF CLUB, INC., a California Corporation, First Party, RANCHO SANTA ANITA, INC., a California Corporation, Second Party, BALDUIN H. BALm-lIN and RAYHOND L. KNISLEY as TRUSTEES UNDER THE \-lILL OF ANITA M. BALUvIN, DECEASED, A TESTA}~NTARY TRUST, Third Party, BALDWIN M. BALmVIN, an Individual, Fourth Party, and THE CITY OF' ARCADIA, a Municipal Corporation, Fifth Party. That the City of . Arcadia has no forseeable use for any portion of the property described in the proposed agreement as Parcel No.2. nor do the City's interests therein, if any, have any monetary or tangible value. That the execution of the pIPposed agreement is necessary for the clarifi- cation and resolving of latent rights and equities resulting from agreements both recorded and unreoorded. SECTION 2. That the Mayor and the City Clerk be and they are hereby authorized and directed to execute for and on behalf of . the City of Arcadia an agreement by and between the Los Angeles Turf Club, Inc., a California Corporation, First Party, Rancho Santa Anita, Inc., a California Corporation, Second Party, Baldwin M. Baldwin and Raymond L. Knisley as Trustees under the Will of Anita M. Baldwin, Deceased, a Testamentary Trust, Third Party, Baldwin M. Baldwin. an Individual, Fourth Party, and the City of Arcadia, a Municipal Corpora- tion, Fifth Party, for the clarification of relative rights of the parties in the parcels therein described and for the acquisition by .. - 1 - 2540 . the City of Arcadia of a grant of easement for street purposes in, on and upon the property describe.d therein as Parcel No.1, and to deliver the same upon receipt of copy thereof by the other parties thereto and receipt of the grant of easement for street purposes in and upon said Parcel No.1. SECTION 3. The City Clerk shall certify to the adop- tion 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 21st day of September, 1954, by the affirmative vote of at least three Councilmen, to-wit: AYES: Councilmen Camphouse, Dennis, Hulse and Phillips NOES: None ABSEl\"r: Councilman Dow . /~Z/lr9'~ City Clerk of the City of Arcadia SIGNED AND APPROVED this 21st day of September, 1954 a ATTEST: . ~~ City Clerk - - 8. - 2540