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RESOLUTION NO. 60-127 AUTHORIZING EXECUTION OF ESCROW INSTRUCTIONS AND DEED TO BERNARD AND CECILIA M. BECKER FOR CLOSE OF SALE OF SYCAMORE FIRE STATION FOR NET CASH TO THE CITY OF SANTA ANA IN AMOUNT OF $20,226.00 WHEREAS, on February 3, 1958, the City of Santa Ana offered for sale at public auction, certain read property herein described and Mr. Becket was high bidder offering $24,000.00, and thereafter negotiated an escrow to allow buyer one year to pay bid price with a monthly payment o~ price of $100.00; and WHEREAS, thereafter buyer negotiated a further extension of one year on condition of said payment, on purchase price of $100.00 per month and payment of $113.00 per month as interest on deferred purchase price; and WHEREAS, purchaser has now negotiated a new agreement for sale of said property as follows: NOW, THEREFORE, BE IT RESOLVED: That ~he Mayor and the Clerk of the Council are directed to execute,Escrow Instructions with Bank of America National Trust and Savings Association, 801 North Main Street, Santa Ana, California as escrow agent, for sale of that real property in the City of Santa Ana, County of Orange, State of Call- fornia, described as: The East 115 feet of the following described parcel of land: Beginning at a point 38-2/llths rods West of a point 78-10/llth rods South of the Northeast corner of Section Twelve, Township Five South, Range Ten West, S.B.B. & M., and running thence North 55-2/5ths feet; thence East to the West line of Sycamore Street, as said Street is de- scribed in Decree of Condemnation, a certified copy of which Decree was recorded January 8th, 1929 in Book 227, Page 401 of Official Records of Orange County; thence South along the said West line of Sycamore Street 55-2/Sths feet to the North line of land conveyed ~o W. H. James and wife by deed recorded September 1st, 1928 in Book 184, page 488 of Official Records of Orange County; thence West to the point of beginning, whereunder, the City is to receive the net sum of $20,226.00, and to furnish a policy of title insurance issued by the Orange County Title Company showing title vested in the City of Santa Aha, and a deed granting said property to Bernard and Cecilia M. Becker. Ail escrow expense and Federal Document Stamps to be paid by purchaser. -1-