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HomeMy WebLinkAbout69-028RESOLUTION 69-28 AUTHORIZING THE EXCHANGE OF PROPERTIES BETWEEN THE CITY AND MANUEL AND DOLORES ESQUEDAWHICH INVOLVES PROPERTY ON THE NORTH SIDE OF FIRST STREET, WEST OF OLIVE STREET, RESULTING IN A CASH CONSIDERATION OF $1,535 DUE TO THE CITY WHEREAS, MANI/EL ESQUEDA and DOLORES ESQUEDA, husband and wife, have executed a deed dated October 17, 1968, conveying to the City of Santa Ana a parcel of real property on the North side of First Street, 130 feet West of Olive Street, for a cash consideration of $6,600; in exchange for which the City will convey to the said MANUEL ESQUEDA and DOLORES ESQUEDA, husband and wife, as joint tenants, other real property which has been declared surplus and is adjacent to the real property being conveyed to the City, which adjacent property has a cash value of $8,135; the sale of this property was authorized by the City Council on WHEREAS, MANUEL ESQUEDA and DOLORES ESQUEDA have agreed to pay to the City of Santa Ana the difference in equity of the interest in real property being exchanged hereby in the amount of $1,535; and WHEREAS, said transaction is to be handled through Escrow Number 55932-C with Security Title Insurance Company, Santa Ana, California; NOW, THEREFORE, BE IT RESOLVED: That the City of Santa Ana accepts said deed from MANUEL ESQUEDA and DOLORES ESQUEDA granting to the City of Santa Ana the following described property: The South 40 feet of Lot 9, Block "B" of Hutchins Subdivision, in the City of Santa Ana, County of Orange, State of California, as per map thereof recorded in Book 3, Page 18, of Miscellaneous Maps, Records of said Orange County, and Carl J. Thornton, the City's designated agent, is directed to place his Certificate of Acceptance on said deed; BE IT FURTHER RESOLVED: That the Mayor and the Clerk of the Council are hereby authorized and directed to execute a deed for and on behalf of the City of Santa Ana granting to MANUEL ESQUEDA and DOLORES ESQUEDA that certain real property in the City of Santa Ana, ~County of Orange, State of California, described as: The West 43 1/2 feet of Lot 10 in Block "B" of Hutchins Sub- division, in the City of Santa Ana, County of Orange, State of California, as per map thereof recorded in Book 3, Page 18 of Miscellaneous Maps. records of said Orange County. EXCEPTING THEREFROM the South 40 feet thereof. ALSO EXCEPTING THEREFROM all oil, gas, minerals and other hydro- carbon substances in and under said land, lying below a depth of 500 feet from the surface thereof, but without the right of surface entry, as reserved in the Deed from William E. Vazzana, et ux., to the City of Santa Ana, recorded September 8, 1967 in Book 8366 page 775, Official Records of Orange County, and deliver the same into Escrow No. 55932-C with Security Title Insurance Company. PASSED AND ADOPTED by the City Council of the City of Santa Ana at its regular meeting held on the 17th day of Feb~~/~ ' CLE~ OF THE COUNC~ STATE OF CALIFORNIA) COUNTY OF ORANGE ) CITY OF SANTA ANA ) SS I, MAXINE VALLERY, do hereby certify that I am the Clerk of the Council of the City of Santa Ana; that the foregoing Resolution was introduced to said Council at its regular meeting held on the 17th day of February, 1969, and was at said meeting passed and adopted by the following vote, to wit: AYES, C OUNCI I24EN: NOES, COUNCILMEN: Herrin, Brooks, Carlson, Griset, McMichael IVlarkel ABSENT, COUNCILMEN: Thurman CLERK OF THE CO~L -2-