HomeMy WebLinkAboutReso 1990-15982 RESOLUTION NO. 15982
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
AUTHORIZING THE PAYMENT OF $705,000 INTO ESCROW FOR THE
PURCHASE OF PROPERTY AT 1427 FOURTH AVENUE OWNED BY MUNEO
TORIMARU OF CHULA VISTA, ACCEPTING THE GRANT DEED AND
ADOPTING A NEGATIVE DECLARATION THEREFOR
The City of Council of the City of Chula Vista does hereby resolve as
follows:
WHEREAS, the City of Chula Vista desires to purchase land for the
development of a community park for the enjoyment and recreation of all
residents of the city of Chula Vista; and,
WHEREAS, the property located at 1427 Fourth Avenue is planned and will
be used for development of said community park; and
WHEREAS, the City has reached an agreement for purchase of 1427 Fourth
Avenue from Mr. Muneo Torimaru of Chula Vista for $700,000, with an additional
$5,000 required for closing costs.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula
Vista as follows:
1. The Council hereby accepts and certifies the attached Negative
Declaration, Case No. IS-89-79.
2. The Council hereby revokes the appropriation given for the future
expenditure of funds not currently committed for expenditure for
the following accounts: 641-6410-PR143, 641-6410-PR143A,
643-6430-PR143A, 640-6400-PR143, 640-6400-PR143A, 634-6340-PR143A,
634-6340-PR143, 632-6320-PR143, 633-6330-PR143, 631-6310-PR143,
630-6300-PR143, 644-6440-PR143 and reappropriates $705,000 of the
resources of the City for the purpose of acquiring title to the
Subject Property.
3. The City Council hereby authorizes the City Manager to execute a
purchase agreement and/or escrow instructions providing for the
purchase, by grant deed, of a fee simple interest in the property
commonly known as 1427 Fourth Avenue, free and clear of all liens,
and with title thereto insured by a reputable title insurance
company naming the City of Chula Vista as the insured fee simple
owner, and to expend the sum of not more than $705,000 in
connection therewith.
Resolution No. 15982
Page 2 -
4. Upon receipt of same upon close of escrow, the City Council of the
City of Chula Vista accepts the Grant Deed for the Subject Property.
Presented by r, , as o
Resolution No. 15982
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula
Vista, California, this 18th day of December, 1990 by the following vote:
AYES: Councilmembers: Moore, Nader, Rindone
NOES: Councilmembers: None
ABSENT: Councilmembers: McCandliss
ABSTAIN: Councilmembers: Malcolm
ATTEST:
Authelet, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do
hereby certify that the foregoing Resolution No. 15982 was duly passed,
approved, and adopted by the City Council of the City of Chula Vista,
California, at a regular meeting of said City Council held on the 18th day of
December, 1990.
Executed this 18th day of December, 1990.
A.' ~u~y Clerk