HomeMy WebLinkAboutReso 1963-3242. ~ ~`°~
RESOLUTION N0. 3242
RESOLUTION OF THE -0ITY COUNCIL OF THE CITY OF CHULA VISTA
AUTHORIZING THE SETTLEMENT OF T$E CONDEMNATION OF KROMYDAS
PROPERTY, BEING. SAN DIEGO SUPERIOR COURT ACTION 276322 AGAINST
NICHOLAS A. KROMYDAS, DEANA G. KROMYDAS, CENTRAL FEDERAL.
SAVINGS AND LOAN ASSOCIATION OF SAN DIEGO, et al
WHEREAS, the City of. Chula Vista has filed a condemnation action
against NICHOLAS A. KROMYDAS, DEANA G. KROMYDAS and CENTRAL FEDERAL SAVINGS
AND LOAN ASSOCIATION OF SAN DIEGO as beneficial owners of certain real
property involved in the extension of "E" Street right-of-way to Bonita
Road, being San Diego Superior Court Action No. 276322, and
WHEREAS, the owners of said real property have made an offer of
settlement of the said condemnation action, and
WHEREAS, the City Engineer and the City Attorney have investigated
said offer'of settlement and recommend same to the City Council.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. That the City Attorney of the City of Chula Vista is hereby
authorized to enter into such stipulations and agreements and stipulated
judgments as will effectuate the terms of settlement as set out hereinafter.
2. The City authorizes settlement of the said condemnation action
hereinabove referred to on the following basis:
(a) The City agrees to pay to defendants, NICHOLAS A. KROMYDAS,
DEANA G. KROMYDAS and CENTRAL FEDERAL SAVINGS AND LOAN ASSOCIATION OF SAN
DIEGO a total sum of $22,500.00 to said defendants according to their
agreement or as their respective interests appear and that the deposit of
money heretofore paid into Court shall be the full payment for the property
so taken.
(b) Interest upon any sums due or to be paid to defendants shall
be waived by defendant except that interest shall commence to run upon any
sums due to be paid to defendants at the rate of seven percent (7%) per
annum on the 20th day following the signing of the order for disbursement
if said monies have not been so disbursed prior thereto.
3. Defendants shall have ninety (90) days from the entry of Judg-
went of Condemnation in which to vacate the premises condemned.
~-firms '
ADOPTED AND APPROVED by the CITY COUNdIL of the
CITY OF CHULA VISTAy dALtFCRNIA,thia 5th day of November
19 63, D7 the following vote, to-wif:•
AYES: COUNCILMEN -Smith DeGraaf'.McMains, McAllister,. Menzel
NAYES: COUNCILMEN None ... ,;, ..
ABSENT: COUNCILMEN None
yor of the Cit of ula Vista
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ATTEST ~-/ ~~c.-~-~..t.G f'CPut.r,~ ~G-L~~~
~ City Clerk
~` STATE 'OF CALIFORNL9 )
','. ~ COUNTY OF SAN DIEGO ) 'se.
CITY 'OF CHULA VISTA )
I, KENI3ETH P, CAMPBELL, City CLerk of the City of Chula
Vista, California, DO HEREBY CERTIFY that the above and foregoing
is a full, tvue and correct copy of
and that the same has not been amended or repealed.
DATED:
City Clerk