HomeMy WebLinkAboutReso 1940-579 Resolution No. 579 . - - • � ' ' I
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RE30LUTION N0. 5ryg •
Releasing Certain Real Property From Option
WiiEAEAB, the City .oP Chula Vista ie nota the owner and
holder of a certain option to purchase real property now owned by �
Santa Fe Land Imorovement Company, e corporation; and
t�iEREAB, it is to the advantage, intereat and benefit
� of said City tliat certain portions of the property sub�ect to said
option ahould be released therefrom,
NOV1, TF�REFORE, BE IT RE30LV�D BY THE CITY COUNCIL OF
��E CITY OF CFiULA VISTA, AS FOLLOW9: � - -
Citq of Chula Viata in oorisideration of the eum of Ten
Dollara (�10.Q0) paid by Rohr Aircraft Corporation, receipt of which
ia hereby acknowledged, and in consideration of the advantages and
benefits accruing to said City irom the eatabliehment and operation
of a subatantial manufacturing concern, does hereby release from
said option the folloYring described real property: ,
6 parcel of land in the City of Chula Vista, County
of San Diego, 9tate of California, and being
part of the Northeast Quarter of Fractional Quar-
ter-Section 171 of the Rancho de la Nacion, ac-
cording to 22ap thereof �by Morri.11 No. 166 on
file in the oPfice of the Recorder of eaid Countq,
and more particularly deacribed ae follows:
Beginning at t�e Northeaet corner of said
Northeast Quarter; thence Southerly along the
Easterly line of eaid Northeast @uarter, 170 feet;
thenee Westerly and parallel with the Northerly
line of said Northeast Quarter� 7.70 feet to a
point in the Northerly line of the Santa Fe
Land Improvement Company� s property in said Lot
171 as defined in deed dated Auguet� ll, 1930, and
recorded in Book 180a, page 223 of Deeda, said
County Recorda, the .true poittt of beginning for
thie description; thence from said true point of
beginning Southerly and parallel .vrith sa7.d Easterly
line of Northeast Quarter, 510 feet; thence Westerly
and parallel with eaid Northerly line of North-
east Quarter, 750 feet, more or lese, to the
ordinary high tide line of San Diego Bay; thence
Northrieaterlq alor� said high tide line to esid
Northerly litte of Santa Fe Land Improvement
Company� a property, which line is distant 170
feet 8outherly at right angles Yrom eaid Northerly
line of Northeast Quarter; thence Easterlq along
� . • ( � I
eaid property line parallel with and distant
170 feet Southerlq at right angles from said
Northerly line of Nort�east Quarter, 957 Peet
more or lesa, to said true point of beginning;
Consiating of ten (10) acres more or leas. '
Upon the conditions as followe:
Santa Fe Land Ieiprovement Company will, wit�in a period
of thirty (30) daqe from the date hereof, sell, and Rohr Aircraft
Corporation, . a corporation, will purchaae within said period the
above deecribed real propertq at a purchase price of Three Hundred
Dollars (�300.00) per acre. __
Santa Fe Land Improvement Company will, within said
tuirty (30) day period, execute and deliver to fiohr Aircraft
Corporation a grant deed to eaid real property, said�grant deed
to contain restrictions and conditione as followa:
(a) Use of said property shall be res$ricted
_ _ to industrialuse;
(b) Rohr Aircraft Corporation must comence con-
_ _ etruction of improvements upon said real
property of a value of not lesa than Thirtq_
Thousand Dollars (�30,000.00) �rithin a period.
of eia (6) months from the date oP the esecution
of said deed and complete. said construction of
improvemente within a reasonable time there-
after. In the event Rohr Aircraft Corporation
fail to commence or complete conetruction of
improvementa ae above �provided, title to said
property ehall revert to Santa Fe Land Improve-
aent Company. _ _ _
In tke event Santa Fe Land Improvement Comnany neglects,
_ _
fails or reYuaes, for any reason whataoever, to sell said real
property to Rohr Aircraft Corporation, within the time hereinabove
apecified, or in the enent Rohr Aircraft Corporation neglecte,
fails or rePuses, Por any reason�whataoever, to purchase said real
property r�ithin said time, the release of the City oY Chula Vista
shall become null and void and eaid real property ehall remain
sub,�ect to the option to purchaee noYr owned and held by the City
of Chula Viata. � .
In the ever.t eaid sale is oonauamated and Rohr Aircraft
Corporation Yail to commence or complete the constr.uction�of
improvements aa hereinabove provided for, the release of the City
� • � . � f I
oY Chula Vieta shall be null and void and said property shall remain
aub�ect to the option of the City of Chula Vieta to purchase.
City of Chula tEista further releases from eaid option
the follot�ing described real property:
TLat portion of E�ectionel.Quarter Section 171 in the City of '
Chula.Pista, in the Couaty of_San .Diego�,State oY CaliPornia, according to map
�166.on file in the office. oY.the Couaty Necorder of Ssn Diego County, described
as followe: _
Beginning at the Northeast corner oP said �iarter 3ection; theace
Southerly elong the Eaet line oY said �rter Section� 680 Yeet;,theace i7eater�y .
. parallel with the Norther�y line of said �arter 3ection 171 a dietance of 170
feet to the true point oi beginning; theace Southerly on a line tl�at is perallel
with and distent 170 Yeet at right anglea lYesterly Pron the Sast line of eaid
�uarter.Section, 680 Yeet to interaection with the Ylester�y prnlongation oY the
South. line oY "$" Street� ae shown on Map �1198 of Resubdivieion oY Bay Pille
._ Tract.on Pile in_said Eedorder!a office; thenae Weeterlp parallel with the Narth
.line,oY said Quarter Section 171 to the.meaa high tide ]Sne of ,the. Bqy of Sen ,
Mego; thance Northerly along said tide line to interaection with a line that ie
parallsl �sith.and 680 Yeet at right ang�es Southerly from the North line of said
. �uarter Section 171; thence Eeaterly parallel with eaid North line to the true
. polnt of_beginning.
Oonaisting of ten (10) acres, more or lese.
Upon the conditions as follo�rs:
Santa Fe Land Improvement Company �ill, _�ithin thirtq
(30) days from the date hereof, make and deZiver to Rohr .Air-
craft Corporation, and Rohr AircraYt Corporation will within said
period accept a valid option�to purchase said property at a purchase
price of Three Hundred Do2lare (�300.00) per acre, at any time on or
prior to April 1, 1941. Said option shall contain rAetriction as
Yo1loFrs:
- :. . . . .
� . � :t:; : � . , . ..
�, . ✓ - _ _ . ,t . �, . . . � _ �: �
. . � . . . . � ,. _ . , -:�. :. . _ = � �:, _ � . .
� - � . _ _ ,. � . � , . ._ : . .. -
" � �� . ; � .. . , . - : -� - - ' � � = : -._. , � _ _
' . � ; , (e) IIse oY said-property sball be �reatiicted:to plant eapanaion.»' ._, ` �
.. ; , Dy`gp� pircraft' Corporation. . ' , - , - - - ,
'.. ` . ' In tl�e event.`Senta Fe�Iend Improvemeat Compax�y�shell"fail to ma}�''�-� ..,- .
, � : end deliver eaid'!option� -or.ia .the, e6ent Bchr�AirczaPt' Corporation".shall fa13 ,' ' . _ •
„ ' .. . . . . _ - . . i. ' '. -
-- to accept��said option �'mithin said-thirty (30)�dQy perlod;`the, releasa of`the �, - �
- : City.of Chtila^Yiata-shsll,be'nulT�and' void and-said' property ehell.iemain,;snbjeat . - .
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, f.:. .. � �; ,• . � � . . . , � :: . . . , � , ._ _ .
= ' to the' aption oP .the�.City oP.Chale;Vista to purb2iaes. , � ' `, . �. - • . .
_ . _ . • , . -._ . • .- • . ' - . - • .
, ,-,'In� the'_event'eaid:option' is ezecuted`end.delivered and• &ohr Aircraft' �,
. � ,Corporation fail _to eaerciee�.eaifl`option•vrithin,.the� period oP time provided for by ,
. . : - ' .. .- �..` ' :- ' . : � � •: , , • .� . . : , . . .
' said-option; thea end in •tLat event�- this relesae shall:be:aull 8na_voia�ena �:. � � � �
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� said property,shall x�maia,auliject'to, tlie:option of :the City� oP Chula Vista 'to. '- ,
, . . , " - . • . .
�purchase: .' .. , _ . • � • • _ , � . , - � : ,
- _ . �This releese sLall not De;biading�upon the. City oY;Chula:-Vista�until- • -
. . - ; ' : . • : -. � . . , . „ ... . ., .._ . . : . . ...
� the terme hereof �ere `approved'�ia writing_by=8�ta Fe.I.�d'`Improvement� Compai�y : '
' �.end-Rohr�AliroraPt�Corporatioa.:. . : ` - . . . . ,,,�_ . ".� : � - ' :
" _ � ' � . . ! -� -. . . � '' � - F . ' • '
. r The�Mqvor of the City-oY�Chule �Vista is her'eby-authosized end�� . -
; �.directed to :eaecute eay and�all instr�enta'and coaveyances"necessery to carry� ,� -
. _ _ _ - , . - � ., . ,
� the:ob�ecta. oP'_this"resolution into' efPect. . ; " - . , _� ' • ' ' � _ �� _
. . . ' � . . . - � • ' , , ' � -.�i '. .. ' -
, - � , _.1 � PASSSD,:,ADOPR`SD AIdD APPROVED SY 7'�:CITY.COQNCIL.OF�.T�'CITY,OF'. ;' , ' - . ' �.
_ CHIILA PIS�P, �CAISFOZ�7IA, .the 26th� dey.oY 9eptember;'1940;;-by�the fo2lowing°_:- � • '
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