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Home My WebLink AboutReso 1970-5540,.. ~ _. _ _ .. 5540 . _ - - _ ~. ,. _. , _ - - ' , ~ - , ,- ~ _ _ C r~ t _ .. t . - ~ )- ~. J : i i a ~ r ~- - - - C for ~.d1C'. :~~~_.° ci'~.1 l~l.. ...i;~S,_ O_ CF'i ._ _ri I:r'c~.1. ~Y'J[ ,_i Lj% IC:C:L~C~_ C1~' ~_'ii_I_x'!_l n ' a- n It a61~ I;i it nL- -~~• _ "-~ r~ ~-,)_ a~ A~7C-'~Q'_]t' i~~cL`'.''~~E?:il ~~ D~;_rE_:="C:~ ~_Tl Li~2 ~1 ~~ JL ~. U... ~ v 1S L<=i f Februa = - - , _. d.~~ ~ t ' ~ 24th c o _ _. ---- ~-- ..__.. _ _. ~, ~ . „ ~~ _ t , ~+~ rw~7.~ ..?. V____`E-,__:1 ,CSC:, cit1C ~.;I.,'', S=z~1_.. _.~ t:~.(,~~";'y~ ~T`UI`'... :'C ~E, 7 ~~ t'L~. T:_~~t :~}~SOI,V~~D ~.l:at r.ne ~`~-.yoc cl t.}.~ C~ c..~T . ~ C' .. -. c3 1A :~+ r rt ?' T?.: d: ~:. L.~":.i tom; °cxu'.j: F c._ ~?.~`S.E?~'L1.~-1 i_ 1.~1 ~rl'.i ~''~1 ~a~il~~_'_ Of C~lE' C.1.T~" G~~ ~.'il~llc? ~rlvr 1. . ,~~~.. r~or~:on r . T orn, ~.dT~ nis ~r_ ati~%e O~ficer ~ _ ~ s t~ri''.~.F'`yF,D c~:."J F 'PR~i~dED 17ti i~~~ C.~ i~Y CGLJ`JC! ~ t'~ %.}'i.. ~.,,I,.'.`' =~. ~-[.'i 70 ,~~ W1~""., C~.T l ";.Z .~-~,,+ ,,z ~ 24th dad c±_ February ;_y_ __ ~~ _ :_ ~oli~_c~~n'7 .~:~*~-., i:o-:;tip.. AYE'S: Co~w;:c~ ~mar~ Scott, Sylvester, Hamilton, McAllister, Hyde NAYF~;. Cour.~~~.1m~n. None V._ .~._~_,....__~__________.__---.~.. A!=s FAT. Cour:ui Imp ~ None ~_ __ _-~._-...________.-_.__.--___________~ (s) Will T. Hyde 1~layor of" the C,_r~, :T ~ .. _ _ v~.~ . a i~T~AF~'?' (s Kenneth Cam bell _ City Clerk 'T~,T;' ;;t:~ CALIFORNIA ' rr ~'~ C'~' L~JIA V15TA 1 %, __ Kenneth Campbell , City, ^lerk .:, tr,e. C; r ~,. ~;? ~ r. , ,':z%. f~cn a, P:. :~t•'~BY CE;r:i'Ir'Y t~:a~- tr= ~::~~.-~ ._ .. __ . . _ _ ,_ . t c ~.~ N ~, .o r. v . _ ~ r:. o r, '~1 ~ . 5 540 and c ~ a *_ !, t; t ~ ~ ~ _ ~> - _ .. , - ° -. - - ,_, ~ -- - ~~T . -~-- ~Februar 24 1970 t ~_i~ A,~i'.E_....y"~~T FO? ~1'HL SIiL~ zi=vim ~'JRi__irSE v= "Ei?~<~.I~, t:~'.':.i• Pi2G~a~RTI' FRC.''i S__1~' Cis. _~ 1.). ~._'_!l'r~~ L'IS'IA TG TI:E 1 -~ ~, Yt. ~,1 TELEPHONE AP~~D ~EL~G::.'~H CON'.F~~;_ R~ E~,ryyl~n m~ 24th TH1o AG J _ •. , ,de anc~ entered into th is day of _ _ February _ _ 1970, by and between ±he CIT'~ OF CHULA~". ~STA, a mu::iClpal COrpGrc'.t10n . h2r:12iait-'r referre t0 aS "Sellc?"" , and Tyr, P~?.CIFIC TELEPHONE' AND TELEGR?~Pii CO'-iPANY, a CG1ifo*-n is corpor=;lion, 5?_5 B Street; Room 1311, P. 0. Boy: 524, San Diego, California. 92-_12,. hereinafter called "Buyer"; W I T N E S S E T H 4`7HEREAS, the C1ty Of Chula V1Sta. 15 the OWr.er Of Certalri rec'.l property hereinafter described, being a parcel of record located in the City of Chula Vista, County of San Diego, State of California, described as a lot, or a portion of a lot or lots of -record, and GIuEREAS, Seller, the City of Chula Vista :wishes to sell_ and Buyer, The Pacific Telephone and Telegraph Company wishes to purchase said real property to be used for the purpose cf constructing and oper- atir.g a ?.0,000 square foot one-story building to serve as a new ~'raffic Operating Center. Said improvement to involve an estimated eight hundred thousand dollar ($800,000) investment, and the activit~% to employ an ultimate of 250-300 people, and WHEREAS, the parties hereto have reached an agreement which they now wish to reduce to writing. NOW, THEREFORE, IN CONSIDERATION OF TEiE FREMISES contained herein and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 1. Seller agrees to sell, and Buyer agrees to purchase that certain real property situate in the City of Chula Vista, County of San Diego, State of California, more particularly described as follows: All these portions cf Lcts E and 11 in Quarter Section 140, Rancho de la Nacion, in the City of Chula Vista, County of San Diego, State of California, according to Map No. 505, filed in the Office of the County Recorder of San Diego County, :larch 13, 1888. 2. The purchase price therefor shall be the sum of t~,~o hundred and thirty five thousand dollars ($235,000). 3. Buyer has heretofore deposited the sum of eleven thousand sever. hundred fifty dollars ($11,750) with the Finance Officer of the City of Chula Vista and Buyer agrees to deposit the balance of the purchase price, being the sum of two hundred taer_ty three thousand two hundred fifty ($223,250), upon issuance of a policy of title in- surance sho~•;ing title vested in The Pacific Telephone and Telegraph Company through an escrow established to provide for the transfer of title to said property upon the approval cr this agreement by the City Council of the City of Chula Vista and the autriorized representative of The Pacific Telephone and Telegraph Company. Buyer and Seller agree that a thirty (30) day escrow period would be desirable. Seller agrees to share allrrormal costs of escrow ar_d to provide a good and valid title policy for said property, the cost of which Bu~.;er and Seller agree tc share on a fifty-fifty basis. - 1 - ,.. The terms and conditions to be included in the escrow instructior..> shall be. as follows: _ (~.) Said escrow shall he terminated and said. property transferred and funds disbursed as stipulated hereinabove ~~~ithi_n thirty (30) days of the establishment of said escrow. (b? Tlie sale shall be subject to and conditioned upon Buyor's apr_roval of soil tests of the subject property, which tests shall show tl:e capability of the property to be use-d for the purposes desired by Buyer. (c) The City of Chula Vista shall secure the rernovai of the restrictive parking covenant and the termination of the t~4utual Parking Agreement with the Bank of America ever the north~~aest 100 x 150 feet of the subject property. (d) The City of Chula Vista shall covenant and does hereby agree that Buyer, The Pacific Telephone and Telegraph Company, shall assume no obligation nor shall any require- ment be imposed for the improvement in any manner of the existing drainage channel provided, however, that this agreement shall in no way relieve the Buyer from the obligations and responsibilities imposed by the ordinances of the City of Chula Vista regarding the maintenance of drainage channels to the extent of keeping said channels free and clear of obstruction. It is further understood and agreed that if Buyer should during the course of construction of the proposed facility encroach upon. said drainage channel, that Buyer will comply with the ordi- nances of the City of Chula Vista and be subject to the requirement of improving said channel in accordance therewith. It is further understood and acr,reed that this covenant and agreement shall in no way relieve Buyer from any obligation for participation in or assessment for under any lawful improvement procedures the cost of improving said drainage channel in accordance with the policies and standards of the City of Chula Vista, should such proceedings be instituted in the future. (e) Buyer further agrees to hold City harmless from any and all damage to the real property arising as a result of flooding because of any inadequacies in the existing drainage facility. (f) Buyer agrees to grant to the City of Chula Vista an easement over said drainage course. Seller agrees to assume the full cost of any required surveying or staking of said easement. (g) The City of Chula Vista hereby covenants and stipu- lates that said property is located i.n the C-T, Commercial Thoroughfare zone, which zoning permits the use desired by Buyer, i.e., a Traffic Operating Center. 5. This agreement shall bind, and inure to the benefit of the heirs, executors, administrators, successors and assigns of the parties hereto. _~i~ ia'T'iVESS L'drET:~'0' +hc, -,G_-`leS ,'leYetO ila~;c'' CaL'_S2d tf~'.S r . e.:"i:F?~ill._ ;t _..~ ~e e~e.cuted thy` dale ...S1C~. 1c'1Y.' fLrS+ i:~'l:c^-.'_:c;bOJe Set fo-ch. THE CITY Or' C'r?L~LA. ~.'i:.TA, Sel=er ~J~ ~ - Ma~~or of the City of Chu Vista ATTEST ``" ~~~___~ c~__ .i±.y Cle k Aoprcved as to form by E° i/, YGeorge D. .indberg, Ci y Attorr. l APProved to F r:n <f 7 ~ ---- GRdY, G'~~ , AiE - riiYE By -~ ' tio:neps v _ _ FORM i~'.~:iOV~ED - 3 - PILLSBURY MADIS .~ SUTRO,/Attorneys By awy F 'T'HE FAClL'IC T~LEPnOIQE AND T'yLF.G?.r~PH CON.PA.idY , Buyer