HomeMy WebLinkAboutReso 1937-491 � �. . Resolution No. 491 , ',', = _
,
RESOLUTI�V No. 491
DIRECTING EINAL PA�I�'P 'IO SAN DIEGO TR&ST & SAPINGS BANg FOR
P9Hg SI'ITs 9DTD RECREATION CENT�2 IN CfiIILA VISTA
l'Thereae, at a Special Election held in the City oP Chuls Vista, .California,
on April 9 1937, the electora of said City approved the propoaition Por eaoend-
ing the sum of $5,500.00 Por the acquiaition of a Recreation Center and Park
Site consisting oP Nine acrea, more or leas, in Lots 28 and 26 in Quarter
Section 137 in said City; aad
Frhereas, the San Diego 7�ust & 3avings Bank of San Diego, Californie, is
the owner o4 said land, and has a�eed with said City to traneYer to it the said
land by �ant deed, ehowing by certiPicate of title eaid land to be free and
clear oP all �liene ead encumbrencea, upon payment of said e� ea followa: $2,500.00
cash at thia time end the balaace on or before June 1 1938, with interest at 3,�
on a�y balance not paid on or bePore December 1 1937;• amd
Whereae, in accord�ce with Reaolutions 474 of �ay 3 1937 �d Resolution .
No. 477 of June 7 1937 oP said City there has been opened in the RY�uat Depar�ent
� of the said Bank aa eacrow far the p�spose of effecting said purchaee; end
Whereas, thsre is contained in seid Escrow instructions by and on behalP oi
said City eetting forth the terma and con3itiona under which said purchase shall
be made, and which terms and c�ditions are in accord with the pmvisions oP the
said Resolutiona hereinbefore reYerred to; and
l4hereas, there has been placed in said Escrom by said City the s� oP $2,500.00
to �ply on the purchase price oP said lend when and if said purchase be const�-
msted; and
Fihereas, there is a balaace due of ,�i,000.00 on said purchase price; and
flhereas, the said Bank ia reported ready, able and willing to deliver title
as required by said City, and said City is at this time able to pay the seid
balance oP �3�000.00;
NOPI, 7.4�R�FL�Ps, Be It Resolved by the City Council of the City of Chula Vista,
Californie, sa follocrs, to-Wit:
'�at a warrant be drawn by tae City C7erk far $3�000.00 in favor oP the San,
Dlego Trust & Savings Bank oP San Diego, Ca lifornis; '
That � �ha Citv 9ttorney place said amount in said s�ecrow with said Bank's
Trust Department With inatructiona to consu�vate said purchase at the earlieat
date practicable;
That the Cit•,r Attorney shall proc�.s e Pr� the said Bm k proper Grant Deed to
said property, ahich shall be supported by proper Certificate of Title showing
said land to be Pree and clear oP all liens and encunbrances save and eacept an
easement across said land Por placing aal *.m intaining a po�var line granted to the
Sen Diego Con. Cae & Slectric Company.
• P9SSF�D, ADOP�'sD and A.DPROVSD thia 7th day oP September 1937, by the
following vote, to-�it:
A7� COIINCILt�..,fi'N Holtz, Brorrn, Howe, Tiamons and Bryant,
NOFS COWCZI,MEN None.
6HSENT CO�vCILi�EN None.
l� - I/• �ry�wyr
(C. V. Brovm)
_� L;ayor of the City of Chule Vista, CaliPornia
A?T"cST:
(R, digga)
City Clerk oP the C ty of Chula Vista,Califoraie