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RESOLUTION N0. 58-186 AU~50RIZING EXECUTION OF A DEED <br />GRANTING A LIFE ESTATE <br /> <br /> ?;HEREAS, in the negotiation for the acquisition of a parcel of <br />real property located at ~he Southwest corner of Eighth and Ross <br />Streets, i~he Civic Center site, the City of Santa Ana entered into a <br />compromise a~reement whereby,~nong other things, it agreed to grant <br />a life estate to one Charles Smith in exchange for his one-third <br />interest in said parcel needed for Civic Center purposes, as a nec- <br />essa~y step in obtaining immediate oossession to said property, and <br />to deliver the same to the $o~nty ~erk of Orange County to be deliv- <br />ered to said Charles Smith only upon Order of the Court. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED THAT the L~ayor and the Clerk <br />of the Council are hereby directed to execute a deed granting a life <br />estate to Charles Smith in ar~ to that certain real property in the <br />Cit~ of Smuta Ana, County of Orange, State of California, described <br /> <br />as: <br /> <br />The easterly 13-1/2 feet of Lot ll and the westerly 28 <br />feet of Lot l0 of Gildmacher,s Addition, as per ~ap <br />recorded in Book 23, Page 37 of ~iscellaneous Records <br />of Los Angeles County, California, <br /> <br />and to deliver the same to L. <br />County; <br /> <br />B. Wallace, County Clerk of 0r~ge <br /> <br /> BE IT FURT~fER RESOLVED THAT the City Council hereby agrees to <br />reimburse Charles Smith for his costs of moving in an amount not to <br />exceed ~7~.00, the s~me to be paid upon presentation by said Charles <br />Smith to the Finance Officer of the City of Santa Ana of a statement <br />and receipts showing his actual cash disbursements necessary in the <br />~oving of his household snd personal effects from his present home <br />at Eighth and Ross Streets to the residence located at 10~3 West <br />Sixth Street, Santa Aha, Califo~ia; and <br /> <br /> BE IT FURTiER RESOLVED THAT tne City of S~ ta Ana, California <br />hereby agrees with said Charles Smith that upon the termination of <br />said life estate it will pay to the estate of said Charles Smith the <br />sum of ~,~00.00, less any an]ount necessary to repair the property at <br />10~3 West Sixth Street, Santa Ana, C~ifornia, to preserve the s~me in <br /> <br /> <br />