HomeMy WebLinkAboutReso 1937-474 �, _ Resolution No. 474 _,� . '
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RFSOLUTSOId a74
REG9RDPG P[TRCFI,SE OF PARK SITE P*ID Ct'�ECREP.TIOPI C=..��FPER FR(�,S
S,AT D�TF.+GO TA6ST Yc S.:TIINGS 3.=NFC �
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YTh_.�R�'PS, at a snecial election held in the City oY C'nuls 4iste, Cali�ornia,
on Avril 9 1937 the voters of said City anproved the p�nnosition oP exnending
the sum of Five `1$ousand Flve I�Iindred Dollars (�5,500.00) for the acquisition
of e $eereation Centsr and ParL Sits oP nine acrea more or less in I.ots 25
and 26 in �arter Soction 137 in_said City; and
FhP�".r.r�S, the Sns! Diego Trust & Savings B�1;, oP San Diego, Californis, is
the ovmer of said land, and has agreed rrith said City to trA..nsPer to it the
said land by grant deed Pree and clear oY all liens and encwnbrances upon the
na,/ment oP said sum in the follovring nanner, to wit: 7�ro Thous�nd Five Hundred
Dollars ($2,500j cash at the time of the said transPer, and the balance on ar
bePore 7une 1 1938, vrith intereat thereoa at the rate o° 3,� per anaum payable
rrhen said belance or eny portion thereof is paid, save and eacept that no
interest shall be paid on said unnaid balance or eny portian thereof if said
balance be paid in PuL on or bePo*e Dece�ber 1 1937, said unpaid balance to
be eecn�edc evidenced by a promissory .note end secured by a Pirst trust deed
on said land, said note and trust deed to be in form apuroved by the City
Attorney of said City;
NOi9, ''i'f�.4�'OF�, � IT RFSOI,PED 3Y 'ir� CIT3C COIID?CIL QF T?R CI'F1' OF CH"JL� 4ISTA,
Cr1I.IF0_2NIA, as YO].ZOL9S� to vrit:
That the City Attorney oP said City be and he is hereby instructed to
cvork out and effect rrith the San Iliego �ust & Savings Bmk, of San Diego,
California, a11 necessary steps to the end tl�at _said transYer of said land
to said City be coacpleted on said tertas and conditions, said transPer to be
completed at tne earliest date practicable;
That the City Clerk be and he is hereby instructed to deliver to the
said Cgty Attorney the rrarrant oP said City in the sum of R�to Thousrind Five
Hundred Dollars (y2,500) as and for the initial nayment oY said land as
aforesaid; �
That the �.ayor of said City, and such other officials as �y be proper -
thereYor, be and they gre nereby instructed to execute any and all necessary
instructions and docu*_�ats to effect said trangfer as aYoresaid;
That sai3 transfer of said land to said City ahsll becone eYfective for
all puruoses unon the acceptance by said Council of pxvper Grant Deed to said
land supported by uroper Certificate of Title showing said land to be free
aad clear of all liens and enc�brances..
P1�SSID, kDOFPID AID ApPROPED th±s 3rd day o� �I+ay 1937.
AYF� COUI•�ZI��.�i Boltz, Brrn�rn, Horre, Timons and ?2iYe.
NOFS COUNC277�[R1 Rone.
ABSF'�N�P COUbICIItti�t ?vone.
�-U
C.Y. Brovm
*�syor oY the Cit;� of Chula Yista,California
A4TFST:
. A. Higgs�—
City �lerk of the City oP.Chu7.a
Vieta, California
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