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HomeMy WebLinkAbout58-025RESOLUTION NO. 58-25 AUTHfE~IZING EXECUTION OF AN AGREER~NT TO SELL REAL PROPERTY TO WILLIAM AND VIRGINIA GUZMAN WHEREAS, heretofore the City acGuired a certain lot herein- below referred to for the purpose of placing thereon a public street, and when said work was completed the property hereinbelow described was left as surplus outside of the street right-of-way, was of such size and shape that the same was not adequate as a build- ing site and could be of value only to the adjoining property, or in the hands of other non-adjoining owners as nuisance value, and WHEREAS, to buy the same, which is fair, just NOW, THEREFORE, BE IT RESOLVED: of the City Manager, and after study, the buyers hereinbelow referred to have made an offer and satisfactory; That upon the recommendation the City Council determines that the real property hereinbelow described meets the requirements of Paragraph 2 of Section 2613 of the Santa Ana Municipal Code; that the total price of $500.00 is the fair value of said property, and that the same should be sold as it has no value to the City. The Mayor and the Clerk of the Council are hereby directed to execute an agreement for the sale of said property to William Guzman and Virginia Guzman, husband and wife as joint tenants, to cover that certain property in the City of Santa Aha, County of Orauge, State of California, described as: The South 18 feet of Lot 14 in Block B of Tract No. 233, as shown on a map thereof recorded in Book 13, Page 9 of Miscellaneous Maps, records of said Orange County; EXCEPTING THEREFROM that portion included within a spandrel shaped parcel bounded Northerly by the North line of said South 18 feet; Easterly by the East line of said Lot~ and Southwesterly by the arc of a curve concave Southwesterly having a radius of 25 feet aD~ tangent to said North line of the South 18 feet and tangent to said East line of said Lot, for the total price of ~500.00 payable ~20.00 down, receipt of which is hereby acknowledged, and the balance of $480.00 in monthly in- stallments of $20.00 or more, including interest, on the unpaid balance from January 17, i 958 at the rate of 5% per annum, payments to begin March l, 19~8, and to continue until fully paid. BE IT FURTHER RESOLVED: That said purchasers are hereby notified to and are required to make each and all psyments to the Finance Officer of the City of Santa Ana now located on the first floor of the City Hall at Third and Main Street, Santa Ana, California. BE IT FUR~ER I~ESOLVED: That the agreement form executed by the purchasers is hereby approved and that the same shall not he corded. PASSED AND ADOPTED by the City Council of the City of Santa Ana on the 20th day of January, 19~8, at its regular meeting held ATTEST: CLERK OF THE COUNCIL STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF SANTA ANA ) I, ERNA HUNTER, do hereby certify that I am the Clerk of the Council of the City of Santa Aha; that the foregoing Resolution was regularly introduced to said Council at its regular meeting held on the 20th day of January, 1958, and was at said meeting regularly passed and adopted by the following vote, to-wit: AYES, COUNCILMEN: Royal E. Hubbar~ Stanley C. Gould, Jr.~ A.f~.Hall, J. Ogden ~rke!~ Dale H. Heinly NOES, COUNCILMEN: ABSENT, COUNCILMEN: ~one CLERK OF THE COUNCIL -2- An Agreement --~-O-~;OE~?'~--'~O-D--~, .................................................................................................................................................. called seller ~d by ...................................................................... ~---~.--~a~.-~-~ ............................................................ ~lled buyer relative · e sale and purchase of ~e following land in ~e~ounty of -.Q~-~ ............................................ State of California: ~e South 1E feet of Lot 14 In Block B of Tract No. 233, as shown on a map themeof recorded In book 13, page 9 of Miscellaneous recomds of said Orate County; ~CEP~NG ~E~FROM that portion included ~lth~ spandrel shaped pm~cel bounded Northerly by the Nomth llne of said South 18 feet; ~ste~ly by bhe ~st llne of said Lot and ~ Southwesterly by the arc of a curve concave Southwesterly havl~ a radius of 25 feet and tangent to said North line of the South 18 feet and tangent to said ~st llne of said Lot. Selleragreesto ~ll andbuyeragreestobuytheprope~yfor$..5~04.0.O ................ ~....payable:$..~O. oO~ .............................. on executionofthisa~eement;and the balance of ~480.00 in monthly installments of $20.00 or more, including interest on unpaid balance from January 17, 1958 at the rate of 5% per annum, payments to begin March l, 1958 and continue until fully paid. Buyer agrees: To keep the buildings on said premises insured against loss by fire to the amount required by and in such insurance companies as may be satisfactory to the vendor, with appropriate clauses protecting vendor as his interest may appear. To keep the premises in as good a state and condition as a reasonable amount of use and wear thereof will permit (damage by the elements excepted); and to pay all taxes, water rents, and assessments as they become due and at least ten days before the same become delinquent. That if he fails to comply with the terms o£ this agreement, seller shall be released from all obligation in law or eq- uity to convey the property to buyer and all buyer's equities in the land, his improvements, and his right to possession shall be forfeited. That should seller have to sue to enforce this agreement, buyer shall pay seller's reasonable attorney's fees, necessary xpenses, and the cost of title evidence. L-83 (G,S,) (Rev, 2-53) 4-25-56 ($ pt.) ,eller agrees that when buyer has met and complied with the terms of this contract, except as modified by written agreement -of the parties, he will execute and deliver to buyer a deed effective to convey title to the land to buyer free of encumbrances, made, suffered, or incurred by seller together with. a policy of title insurance to be issued by Security Title Insurance Company showing title in the condition provided for by this agreement, for a liability not exceeding the sale price herein stated. Seller and buyer agree that this agreement shall be effective as to all their respective successors in interest; that time is of the essence of this contract; that whenever necessary the masculine includes the feminine; and that the singular includes the plural. Seller (s) Council ...... ............. 208 South Artesia ~t. ~anta Ana~ Ca~ ~ ~ ~!if. Buyer (s) STATE OF CALIFORNIA, County of ............................................................................ j ss. On this ........................................ day of ....................................................... 19 ......... :, before me, a Notary Public in and for said County and State, personally appeared .................................................................................................................... ........................................................................................................................................................................... , known to me to be the person .......... whose name ........................... ~ubscribed to the within instrument, and acknowledged to me that ............ he ............ executed the same. WITNESS my hand and official seal. Notary Public in and for said County and State. NOTE: This Agreement, prepared in triplicate and signed in duplicate, will be held as follows: Signed original in City Clerk's office. Signed duplicate, held by buyer. Hnsigned triplicate, held in City Finance office.