HomeMy WebLinkAboutReso 1963-3172Resolution No. 3172
Sears Roebuck and Company
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ItESOLUTIO~ NO.
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3172
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RESOLUTION APPROVING SALE' OF CITY PROPERTY
TO SEARS ROEBUCK AND COMPANY
WHEREAS, the City of Chula Vista did heretofore pass Resolution No.
. gj2<t ,being Resolution of Intention"to Sell City Property and :I!et
Tuesday, August 13, 1963, for a public hearing thereon.
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NOW 'llIEREFORE BE IT RESOLVED as follow:
The Council find.:
1. That no' protests have been recei:Ved. (OR The protests received
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and considered are hereby overruled.')
2.. That the property proposed to be sold is no longer adequate for
the purpose it is presently used for, namely, the corporation ;rard"and
the public convenience and'interest will be serVed by selling said property
to Sears Roebuck and 'Company, a Nev York Corporation; for a to:tal purchase
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price.-of,.$25,ooo~00 cash to be paid before the close of escrow.
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3. That th~ sale shall ,be made upon the further terms and conditions:
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(~) :,' That the:City of Chul!l Vista mayre~: in possess:!,q1,'n: .:.: ,
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. ,until: and inci1iding the ,+4t!1,-day~'o,f, :AUgu8t~'i.964,' at no~rei1t.> teethe':
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'5~)., ~t an escrow be op~ne(~~ ten (10) days here6f:at" union'>
T:i.~e: Insurance '&'fioust';C~Mp~~o,Csan Diego' . With ih~~~Ju!!:l..~,~~
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,and' <;:9ndi tions 'of California escrO!fS ,::provided that such' eS9row.shall
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te~ate wi~' sixty (60) 'days and costs of escrow shall be divided
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in"the usual and customary Dia.ruler~'
(~)l1That the.City,of ch;;i~:Vi~t;'silil f'utiiish a cUs~'~ahdiisuiil.
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policy of title insurance'in a comPany to be selected by the 'purchaser.
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,Ii.'. That the 1963 appraisal of' said property by Thomasi R~SandDieyer'of
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the Percy H. GoOdwin Company 'of San Diego in the 8U1II of $25,000.00-1s 'no'
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less than' the pres'ent. fair m8rket . value" ~.
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5. ' That it Will be advantageous to the ,City' of Chula Vista to have"
Sears Roebuck: and Company as a merchant and :property owner in the Chula
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. Vista Shopping' Center. complex.
6. That the, property so .to be'couv:eyed is described as:
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The ea!lterly 124' feet of the" Westerly' One-Half of Lot 12
( of QuarteI'-osection 118 of Chula Vista, according to Map
thereof. ,No..50S, filed. in the office of the County ,
'. 1p,Recorder'of:San Diego. March 13. 1888, . excepting therefrom
.' . that portioIilying within ~he right of waY 'of."H" Street.
1. The ,MaioI' and the Chief. AdnJinistrati ve ,Officer are authorized
. tosigJ;l iuiy and all documents. to;:'C!U'l'Y outtbe provisions, of' the ~ore~
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gOingjl8soiution.
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8'~ "'That said 'sale
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shall' be- 'subject, to the
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'furtherconMti,on that
Se;u.s' Roebuck ~d Company shall enter into an agreement satisfactorY to'
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the City Administrator and the: City , Attorney wherein and whereby the City
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of Chula'Vista may repurchase ,said property at the purchase 'p1j.ce of
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$2S ,000.'00 and reQ8nter arid retake possession :of the property herein ",
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authoriz'ed to be sold if grantee fails to use said property'as parto!
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a Sears Roebuck imd Company: retail store, facility, construction of which
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'said faci).ity, shari be commenced by August 11. 1968,. The Chief Administra-
.tive Officer ~d, the MaYo~ are hereby authorized to.eieCute such'agreement.
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ADOPTED AND APPROVED by the CITY COUNCIL of the CITY OF
CHULA VISTA, CALIFORNIA, this 13thdayof
August
19~
by the following vote, to-wit:
AYES:
COUNCIUIEN Smith, DeGraaf. ;'lcMai ns, McAllis ter. ^ienzel
NAYES:
COUNCIUlEN None
ABSENT:
COUNCIUlEN None
~jl/) Q?ie-v~--I.
. yor of the City of ChuJIVVista
ATTEST
'dt--< ~L-cy,f!a _u-'/~~.
"'--- 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 of
, and
that the same has not been amended or repealed.
DATED:
City Clerk