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RESOLUTION N0. 3895
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
EXTENDIP]G TIME OF PERFORMANCE OF CERTAIN OPTION AGREEMENTS
TO PURCHASE THE BONITA VALLEY COUNTRY CLUB, APPROVING SAID
AGREEMENTS AND AUTHORIZING THE MAYOR TO EXECUTE SAME
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the City Council has heretofore exercised, by
Resolution No. 3726 adopted on the 18th day of May, 1965, those
certain option agreements from RICHARD W.. WILSON and MARIAN B. WILSON;
GORDON PETTIT -and ELSA MARSTON PETTIT; and THE BANK OF AMERICA NATIONAL
TRUST AND SAVINGS ASSOCIATION, offering a portion of the BONITA VALLEY
COUNTRY CLUB for the amount of THREE HUNDRED AND SEVENTY THOUSAND
DOLLARS ($370,000.00), and from the BONITA'VALLEY COUNTRY CLUB, a
corporation, offering to the City a portion of the BONITA VALLEY
COUNTRY CLUB for the sum of SIX HUNDRED AND SEVENTY-FIVE THOUSAND
DOLLARS ($675,000.00), and
WHEREAS, said option agreements provide that the City of
Chula Vista would, on or before the 4th day of October, 1965, deposit
said sums in escrow, and
WHEREAS, the City of Chula Vista has not yet issued the general
obligation bonds in the amount of $895,000.00 as approved by the voters
of the City of Chula Vista in the election of September 14, 1965, nor
received the -funds from the sale of said bonds, and
WHEREAS, the City of Chula Vista shall have completed the
sale of said bonds on or before January 3, 1966, ahd
WHEREAS, RICHARD W'. WILSON and T~fARIAN B. WILSON; GORDON PETTIT
and ELSA MARSTON PETTIT; and THE BANK OF AMERICA NATIONAL TRUST AND
SAVINGS ASSOCIATION; and THE BONITA VALLEY COUNTRY CLUB"have agreed to
extend the time of performance from October 4, 1965 to said date of
January 3, 1966.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Chula Vista does hereby re-adopt those certain option agreements
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. ,. ' .~
' as set forth hereinabove, subject to'the change of date from
October 4, 1965 to,January'3, 1966, and does authorize the Mayor
of the City of Chula Vista to execute the, modification of said
agreements.
BE IT FURTHER RESOLVED that the City Clerk of -the City of
Chula Vista be, and he is hereby directed.to forward certified copies
of this resolution to RICHARD W. and MARIAN B. WILSON, GORDON and
EliSA MARSTON PETTIT, and the BONITA VALLEY COUNTRY .CLUB, attention. ..
Charles B. Provence.'_".
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F,
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Presented by
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Fred Ross,:CYiief Administrative.Officer
Approved as to form by
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;George'D.~ indberg, City Attorne,
ADOPTED AND APPROVED by the CITY COUNCIL of the
CITY OF CHULA VISTA, CALIFORNIA, this2nd day of November
19 65 by the following vote, to-wit:
AYES: COUNCILMEN Sparlinf; McMains McAllister. Anderson, McCorquodale
NAYES: COUNCILMEN
ABSENT: COUNCILMEN
None
None
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Mayor of the City of Chula Vista
ATTEST `~ / -~-~=-"~ ~~~+
City Clerk
STATE.OF CALIFORNIA )
. COUNTY OF SAN DIEGO } ss.
'- CITY OF CHULA VISTA )
I, KENNETH P. CAMPBELL, City Clerk of the City of Chula
Vista, California, DO HEREBY CERTIFY that the above and foregoing
is a full, true and correct copy
and that the same has not been amended or repealed.
DA
City Clerk
CC 652
389-5