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A RESOLUTION OF THE CI'IT COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, AUTHORIZING PURCHASE AND
LFASE OF REAL PROPERTY IN SAID CITY.
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES FIND, DETERMINE AND
RESOLVE AS FOLWWS:
SECTION 1. That the public wel1'are, safety and convenience
require the acquisition a.t this time by the City of Arcadia of the following
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described real propertT in said City:
Souther~ 91.20 feet of Lot 37 as measured on the west line
of said lot, elf F. A. Geier Tract, as recorded in Map Book
23, page 40, in the office of the recorder of Los Angeles CountT.
That the sum of i 16,600.00 is a fair and reasonable price to be paid for said
propert;y and that 1;he same shall be forthwith acquired.
SECTION 2.
That it is necessary to acquire aforesaid real property for
and when acquired said property will be used for the Easterly extension of
Camino Real, a public street in the CitT of Arcadia.
That the purchase price
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of said property st~ll be paid out of Special Gas Tax Street Improvement Fund.
SECTION 3. That said property cannot immediately be so developed; that
pending such devele'pment the Mayor and Ci1;y Clerk be and they are hereby
authorized and directed to execute for and on behalf of the City of Arcadia
a lease of said premises to the present owners thereof upon the terms and
conditions recOllllllel1ded by the Cit;y Engineer in the form prepared and approved
by the City Attorney.
SECTION 4.
The Ci1;y Clerk shall certify to the adoptlon of this
Resolution.
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I HEREBY CERTIFY that the foregoing Resolution was adopted at a regular
llleeting of the City Council held on the 17th day' of November 1953, by the
arfiI1Dative vote of the following Councilmen, to-wit:
AYFS:
NOESa-:
ABSENT:
Councilmen Dow, Hulse,
Nons
Councilman Nottingham
Kennett and Schmocker
SIGNED AND APPROVED THIS 17th day of N
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City~ erk of the Ci
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ATTEST:
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Cit;y Clerk
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