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Home My WebLink AboutCC RES 74-0946 ~0 ~6 ~ 2,8 30 · RESOLUTION NO. 74-94 RESOLUTION OF THE CITY COUNCIL. CITY OF TUSTIN, CALIFORNIA, APPROVING AND ORDERING TtIE SALE OF SURPLUS PROPERTY AT 155 WEST' FIRST STREET, TUSTIN, CALIFORNIA. The City Couc~cil, resolve as follows- City of 'Tustin, California, does hereby !. ' The City Council, hereby find and determine: (a) City of ~ustin, California, does · . That the property at 155 West First Street, Tustin, California, was acquired by the City of Tustin, Cal- ifornia, in conjunction with and as a part of the project for , Street; the widening and improvement of First (b) That ther'e is a portion of said property which is not needed for. any present or prospective public use amd is therefore excess and surplus land, to wit, the property. described in Exhibit '"A" attached hereto and incorporate herein by'-this reference, which is all of the propert'y. accluired by the City of Tustin except, for tho'se portions · · required and to be 'retained for street and public purposes; (c) That the public interest and convenience require the sale of said site; T~at the site to be sold is as described in said Exhibit and is as shown on the map thereof marked Exhibit "B" and attached here to; (e) That' the City Council is informed and believes that the reasonable value of said property is the sum of TW. ENTY. (f) TWO THOUSAND FIVE HUNDRED DOLLARS ($22,500); .. That CARL L. WOOD has' made a written offer to the City of Tustin to purchase said property for the sum of TWENTY TWO THOUSAND FIVE HUNDRED DOLLARS payable FIVE TIIOusAND DOLI, ARS ($5,000) ($22,500), cast~, together ? 8 9 ~0 . I1 15 16 1'~ 18 ~4 ~5 ~8 29 5'0 7,2 ATTORNEYS AT LAW ~ ~ORT~I ~3~OADWA~ ~ANT~ ANA, ~ALiP', ELEPHONE ~47-G I t~t .. . , . (S), (.h) (i) (j) , for SEVENTEEN THOUSAND with Buyer s promissory note FIVE HUNDRED DOLLARS ($17,500) bearing intereSt of nin_~e · percent DOLLARS (9%) per annum, payable ONE tIUNDRED FIFTY · ($150) per month and ali .accrued and unpaid. interest and pr. incipal due in two (2) years or upon a sale of the property, whichever shall occur first, note secured by a deed of trust on said property, City to provide at it.s expense a policy of title said wit~ insurance and City to pay. one-'half of the escrow charges; That the public inter'est, convenience 'and necessity require that the' 'property' be sold to CAR1, L. ~OOD for the 'aforesaid sum; . . That Resolution No. 74-73, hereto, marked' Exhibit "C" a copy of which 'is attach~' · and incorporated' herei·n bi this reference, was 'duly passed' and adopted by the City Council, City of Tustin, California, on October 7, 1974; That copy of Resolution No. 74-.73 'rel'ating to' the proposed sale was duly posted in three' (.3)· conspicuous ~ places upon-the' 'aforesaid 'real proper'ty at least ten (10)' days pr±or to said heat'±rig, and copy of the' afore- said Resolution No. · ten (10) days prior 74-73 was duly p'ublished at least to said he'aring in the TustJ. n News, a weekly newspaper published and circulated in the ·City of Tustin, California, and once 'in the Santa Ana Register, a daily newspaper .published in the' County Orange, California; That on November 18, 1974 the City Council duly held a protest hearing on this matter and no protests were · received. At the conclusion of said protest hearing a vote of not less than four-fifths ·(4/5ths) of the -2- 2 4 (k) City Council, the Council voted to complete the sale; That all of the provisions and requirements of law relative to the sale have been duly co~plted and that said sale should be approved, ordered and consummated. · 9 10 11 12 13 14 15 ::L.6 117 5 2.. That the sale of the subject property to CARL L. WOOD · for the sum of TWENTY TWO 'THOUSAND FIVE HUNDRE.D DOLLARS ($22,500) · payabie FIVE THOUSAND DOLLARS ($5,000) in cash, together with Buyer's promissory note for SEVENTEEN THOUSAND FIVE HUNDRED DOLLARS ($17,500) bearing interest of nine percent (9%) per annum, payable ONE HUNDRED FIFTY. DOLLARS ($150) per month and all accrued and unpaid interest and principal due in two (2) years or'- upon a Sale of the proper'ty, whichever shall occur first, said · note secured by a deed' of trust On Said proper'ty, with City to provide at its expen'se a policy of title insurance and City to ~8 mation of said sale, 19 of the City of 20 ~ PASSED AND ADOPTED at · ~1 City of Tus'tin, California, 1nd day of December, 1974 22 24 25 pay one-half of the' escrow charges, is hereby approved and the Mayor and City Clerk are hereby autho'rized and directed to .sign all documents reasonably required' or conve.aient, for the consum- including, but not limited Tustin to said purchaser. a regular meeting of the City Council, held on the c~~'~ ' .... d a y 0 f i"~Sz c ~, _~h?2.f'"' .... , MAYOR to, a Grant Deed · ATTEST. ~6 27 28 29' 3O 31 32 I:TAN K BUILDIN~ ~AN~A ANA, CALIF'. ~PHONE ;47-61~Jl JGR'sl . 11120/74. T1 -3- 119 ' LEGAL DE'S CRIPTION Lot 1, Block C of Tract No. 338 as per map recorded in Book . 14, page 51 of Miscellaneous Maps, Records of Orange County, California, except that portion described as follows: The southerly 17.00 'feet of said Lot 1 and a spandrel shaped parcel bounded westerly by the westerly line of said Lot 1, bounded southerly by the northerly l'ine of the.southerly 17.00 feet of said Lot 1 and bounded northeasterly by the arc of a curve, concave northeasterly t ,. havin~ a radius of 27.00 feet and being tangent to said westerly and southerly b°undaries. o EXHIBIT A - . -.. · .. · · .. .. . .. .- · . · .. . · **.....% (.ii ': .o $- 6'~°4<:2' ~o'' vv'. . ., - .... .... . .. o . . · . : F I RS"T" 5TI~ EET · `, 1 2 3~ 4 5 6 7 8 9 Ii 10 11 12 13 14, 15 16 17 18 l9 20 21 22 23 24 25 26 27 28 29 30 31 32 A RESOLUTION OF THE CITY COUNCIL, CITY OF TUSTIN, CALIFORNIA, FINDING AND DETERMINING TIIAT PUBLIC INTEREST AND CONVENIENCE REQUIRE~THE SALE OF REAL PROPERTY AT 145 WEST FIRST STREET, TUSTIN, CA. RESOLUTION N0. 74-73 The City Council, City of Tustin, California, does hereby resolve as follows: 1) The City Council hereby finds and determines as follows: (a) (b) That the property at 145 West First Street, Tustin, California, was acquired by the City of Tustin, in conjunction with and as a part of the project for the widening and improvement of First Street; That there is a portion of said property which is not needed for any present or prospective public use, and is therefore excess and surplas land, to wit, the property acquired by the City of Tustin with the exception of those portions required and to be retained for street and public purposes. (c) That the public interest and convenience require the sale of said site; (d) That the site to be sold is as described in Exhibit "A" attached hereto and incorporated herein by this (e) (f) reference and is as shown on the map thereof marked Ii Exhibit "B" and attached hereto; 1 That the City Council is informed and believes that the i reasonable value of~said property is the sum of TWENTY-TWO THOUSAND FIVE HUNDRED DOLLARS ($22,500); That CARL L.' WOOD has made a written offer to the City , of Tustin to purchase said property for the sum of i TWENTY-TWO TIOUSAND FIVE HUNDRL•'D DOLLARS ($22,500), j payable FIVE THOUSAND DOLLARS ($5,000) cash, together I i EXHIBIT "C" i .. •. .~, . 1 2 s ' •ss note in the sum of SEVENTEEN with Buyer s proms ory M THOUSAND FIVE HUNDRED DOLLARS ($17,500.) ,bearing inter; ~ 't of nine•percent (9~) per annum, payable at ONE HUNDRED , FIFTY DOLLARS ($150.) per month, all accrued and unpaid interest and principal due in five (5) years, secured by.a deed of trust on said property, with City to pay for a policy of title insurance and one-half of the 8 9, YO - 12 13 14 15 is i7 is ~s i zo 21 2L 23 2A 25 26 i, 27 28 29 30 31 32 escrow charges; • (g) That it is the intention of the City Council, City of Tustin, to sell the said property to CARL L. WOOD for the aforesaid sum unless further offers or evidence presented in the course of these proceedings indicate ~ that a different price or procedure should prevail. 2) That any person who wishes to make an offer to purchase! the said property for a price higher than that hereinabove.set i forth may do so at or before the time of the said hearing, and any and all such persons are hereby solicited to do so. 3) That a hearing is set for November 4, 1974, at 7:30 o'clock P.M."in the Council Chamber of the City of Tustin at f 275 South C Street, Tustin, California, at which time and place any and all persons interested in said proposed sale may appear, ~ make offers, protest the proposed sale, and/or otherwise be heard, and may at said hearing, or prior thereto, cause to be delivered to the City Clerk of the City of Tustin any written offer to purchase and/or protest concerning the proposed sale. The City Council shall pass upon any and all offers and protests• at said time and place. 4) That a copy of this Resolution shall be published once in the Tustin News, a weekly newspaper published and circular 1 2 3 4~ 5~ 6~ 7 8 9 l0 11~ 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 . 32 I ..~. .-. ti/ in the City of Tustin, California, and once I i~ ll~c~ Santa Ana Register, adaily newspaper published in tli-~ County of Orange, California. The' aforesaid publicat I,-„ r:l~:ill be made not less than ten (10) days prior to the d:~~-, of said protest hearing. Prior to said protest hearing, cc-I- I c~t~ of this Resolution shall be posted for not less th:i-i Ien (10) days in at least three (3) conspicuous places upc-i~ ll~c aforesaid real property. ' PASSED AND ADOPTED at a regular meetin}; „f tl~e City Council, City of Tustin, California, held on llic 7th day o f October 19 7 4 . MAY U It ATTEST: ~~ CITY CLERK ..... i r TS:4 JCR:sl 12,'t ' STATE OF CALIFORNIA) COUNTY OF ORANGE )SS CITY OF TUSTIN ) RUTI! C. POE,' City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, does hereby certify ~hat the whole number of the members of the City Council of the City of Tustin is five; that the above and.' foregoing Resolution No. 74-94 %.;aS duly and regularly introduced, read., passed ~.nd'adopt&d at a regular meeting of the City Council held on the 2nd day of December 1974, by the following vote-- ..... .. · . AYES ' ' COUNCII~EN /~-%NGLEY , S~I~R~, SALTARELLI , WEr_SH, EDGAt~ NOES ' ABSENT COUNCII2.~EN. NONE · . o City C].erk,~ihy o~ Tustin, · .o o . · · · · . -o . o · . ·