HomeMy WebLinkAboutReso 1937-477 . , � Resolution No. 477 ' Proceedinge Yor Purchase of Park Site and Recreation Center �
Prom the Sen �ego Trust & Sav-`ings Bank o£ San Diego, Ce1iP,
L �45, at a sneciel election held in the City of ChuIDa Viste, CaliYornia,
on -Anril 9 1957, the electors of said City approved the nronosition Yor earnend-
ing the sum of rive Thousand rive Eundred Do2lars (�5,500.00} Por the acauisit'ion �
of a Recreation Center �nd Park Site consistirg of Nine (9) acres nore or less
in Lots 25 and 26 in Quarter Section 137 in said City; and.
F1�'R�SS, the San Diego Trust and Savings Bank of Sen viego, Cali£oraia, is
the or�er oY said land, end has agreed_ti�itr said City to transPer to it the said
land by grant deed, Pree and clear of all Liens and enet;mbraaces unon the p�yment
of said sum in the Pollorring manner, to rrit: T:�ro T�housand FYve Eundred Dollars
($2,500.00) cash at tuis time and the balance on or beYore June 1 1938, with
interest thereon at the rate of 3� per annum naqable before Tune 1 1938 ivhen
said balance or any uortion thereof is paid, save and excent,that no interest
suell be peid or. said unpaid balance or any nortion thereof iP seid balance be
naid in f1i11 on or before December 1 1957;
N�7, `I?iEf�,r'OFLF, Be it Resolved by the City Council of the City of Chula
4zsta, California, as. Pollocrs, to rrit:
That the City Attorney of the City of Chula Vista, Ca].ifornia, be ar.d he
is hereby instructed to v�vrk out and ePfect ti�rith the San �iego Trust & Savings
Rank oP San Diego, California, aa escrorr agreenent v,�hereby all necessery steps
to effect the trensfer of said land to said City shall be comoleted upon the
Pina� n�_neut by said City of seid Purchase urice;
'Phat the said City Attorney be and he is hereby instructed to ulace said
sun oP Tcvo Thousand_Five_Hundred Ibllars (�2,500.00) heretofore delivered to
him tinder instructions contained in Resolution numbered 474 oY said City in
said �scrac� as and for the initinl nayment of said lend as a£oresaid; provided,
• hor,�ever, tt�at +,he Esc*oi•r instructions made Por and on behalf of said City sha11
provide that said s� to be so deposited shall be returned to said City by the
Escroar holder if, for any raeson, said City shall Por any reason not elect to
coaplete� said purchase;
4'hat said ??esolution numbered 474 be end the same is hereby modified rruerein
t}e sa*se is in conPlic+ herevrith, -
P2SS�, ADOPT'_J and P.PP!?OTI�,'D +hie 7th day of Juae 1937, by the Yollow-
in� vote, to wit: _ .
AYr� COTTr?CII�+�T Ti�aoas, Bryant, Boltz, Bro;�n and iiorre.
N0� C6iLNCIII�rffid Idoae.
L�'�BTP COUIdCII2,3E[d 'a'one.
* ( ��� . .
C.V. �ot�m
N�..eyor of the City of �uls Viata, Californs_a
ATTFST:
R. A. ?�-bi gs�-
C±ty C1erY, oY said Sity
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