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HomeMy WebLinkAbout69-059RESOLUTION 69-59 ACCEPTING DEEDS TO REAL PROPERTY FOR WHICH THE CITY IS PAYING CASH CONSIDERATION WHEREAS, PATRICIA S. LOERCH is the owner of an undivided one-quarter interest of the real property more particularly des- cribed below, and the said PATRICIA S. LOERCH is also conservator of the ESTATE OF ESTER C. LOERCH, which is also an owner of an undivided one-quarter interest in the same real property and the testamentary trust of JULIUS J. JACOBS is the owner of an undivided one-half interest in the said real property, and WHEREAS, PATRICIA S. LOERCH, for herself and RUBY MAE JACOBS and MARVIN JACOBS as trustees of the JULIUS J. JACOBS TRUST, have executed deeds conveying their respective interests to the CITY OF SANTA ANA in and to that parcel of real property generally located on the Southeast Corner of Third and Bush Streets in the City of Santa Ana, more particularly described below, for which the CITY OF SANTA ANA is paying a cash consideration of $25,759.90. The real property being conveyed is described as: An undivided three-quarter interest in and to Lots 7 and 10 in Block 8 of the Town of Santa Ana, as shown on a map recorded in Book 2, page 51 of Miscellaneous Records of Los Angeles County, california, and WHEREAS, the remaining one-quarter interest in and to the above described real property owned by the ESTATE OF ESTER C. LOERCH is to be conveyed to the CITY OF SANTA ANA at such time as court approval is obtained therefor; application having been made therefor and permission anticipated to be granted upon this routine applica- tion; the cash to be paid to the said Estate for the purchase of the one-quarter interest being $8,759.90; and the entire transaction to be handled through Escrow No. 56197C with the Security Title Insurance Company of Santa Ana, California; NOW THEREFORE, BE IT RESOLVED: That the Mayor is hereby authorized to sign the escrow instructions; that the city of Santa Ana accepts said deeds; and Carl J. Thornton, the City's designated agent, is directed to place his Certificate of Acceptance on said deeds. PASSED AND ADOPTED by the City Council of the City of Santa Ana at its regular meeting held on the 21st day of April, 1969. ATTE ST: CLERK OF THE COUNCIL MAYOR STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF SANTA ANA ) SS I, FLORENCE I. MALONE, 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 21st day of April, 1969, and was at said meeting passed and adopted by the following vote, to wit: COUNCILMEN: COUNCILMEN: COUNCILMEN: AYES, NOES, ABSENT, HEIJRIN, BROOKS, MARKEL, P^TTE'¥'ON, ]I'IUPJ~AN, VILLA, GRISET None None