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RESOLUTION 65-35 AUTHORIZIL3G EXECUTION OF ESCROW I£~STRUCTIOifS Ai~D PAY~IEi~T FOR CAi~CELLATION A!~D RF2~iOVAL OF APPURTENAECY OF SAk%ITA ANA VALLEY IRRIGATION CO]~PA~f WATER STOCK WHEREAS, in the process of certain street work it was found to be necessary to remove and relocate certain Santa Ana Valley Irrigation Company structures or to arrange for service through them to be discontinued; and WHEREAS, the more economical and more satisfactory solution was determined to be discontinuation of the use of said San~a Ana Valley Irrigation line and appurtenant structures, and the City' has negotiated agreements with the only three owu~ers using said line; a nd WHEREAS, CORPORATION OF THE PRESIDING BISHOP OF THE CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS, a Utah Corporation Sole, is the owner of one certificate representing 3.22 shares of Santa Ana Valley Irrigation Company Water Stock and has agreed to the desira- bility of removing the water stock appurtenancy from the land owned by it l~ing east of Apricot Street and accepting water service from the City of Santa Ana, all as set out in the escrow instructions; and WHEREAS, RUSSELL G. ~cLEAN and GRACE ~cLEAN are the Owners of one certificate representing 3.28 shares of Santa Ana Valley Irriga- tion Company Water Stock and have agreed to the desirability of removing the water stock appurtenancy from the land owned b~ thea~ lying south of First Street, east of Hathaway Street, and accepting water service from the City of Santa Ana as set out in the escrow instructions; NOW, THEREFORE, BE IT RESOLVED: That the City of Santa Ana approves the agreement with the CORPORATION OF THE PRESIDING BISHOP OF THE CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS, a Utah corporation Sole, as expressed by Escrow No. 52380-C through Security Title Insurance Company and authorizes the Mayor of the City to execute the same for and on behalf of the City and directs that the sum of $1,650.00, a portion of the consideration to be given by the City, be paid into said Escrow for the benefit of said corporation; ~OW, THEREFORE, BE IT RESOLVED: T'hat the City of Sancta A~a approves the agreemen~ with RUSSELL G. ~cLEAN and GRACE ~cLEAN as expressed b~ Escrow No. 52381-C through Securit~ Title Insurance Compan~ and authorizes the ~4ayor of the City to execute the same for and on behalf of t'he Cit~ and directs tha~ the work described in sub-paragraphs (1), (2), and (3) of Paragraph 3 of the Escrow Instructions be carried out as set forth t'herein, and the Citp agrees to accept said 3.2d shares of water stock when appurtenancy has been removed from the property described in said escrow Which lies south of First Street and east of Hathaway Street. PASSED A~O ADOPTED by the City Council of the City of Santa Aha at its regular meetin9 held on the 15th day of February, 1965. ATTEST: CLERK O~ THE COUNCIL