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RESOLUTION 67-90 AUTHORIZING THE EXCHANGE OF <br />PROPERTY BETWEEN THE CITY OF SANTA ANAAND THE <br />SANTA ANA UNIFIED SCHOOL DISTRICT FOR THE <br />PURPOSE OF STREET WIDENING <br /> <br /> WHEREAS, the SANTA ANA UNIFIED SCHOOL DISTRICT OF ORANGE <br />COUNTY has executed a deed dated May 15, 1967, conveying to the <br />City of Santa Ana certain real property on the south side of Eighth <br />Street, east of Artesia Street, which property has a cash value of <br />$6,740.00, in exchange for which the City will convey to said Santa <br />Ana Unified School District other real property on the south side <br />of Eighth Street, east of Artesia Street, which property has a cash <br />value of $10,935.00; and <br /> <br /> WHEREAS, the SANTA ANA UNIFIED SCHOOL DISTRICT OF ORANGE <br />COUNTY has agreed to pay to the City the amount of $4,195.00 for <br />the difference in equity of the properties being exchanged hereby; <br />and <br /> <br /> WHEREAS, said transaction is to be handled through Escrow <br />Number 873673-hrb with First American Title Insurance and Trust <br />Company, Santa Ana, California; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED: That the City of Santa Aha <br />accepts said deed from the Santa Aha Unified School District of <br />Orange County granting to the City the following described property: <br /> <br />Ail that certain land situated in the State of California, County <br />of Orange, City of Santa Ana, described as follows: <br /> <br />Parcel No. 1: The Northerly 15.00 feet of the following: <br /> <br />Beginning at the intersection of the South line of Hickey Street <br />(Eighth Street) and the East line of Artesia Street in the City <br />of Santa Ana, thence South along the East line of Artesia Street <br />281.75 feet to the North line of Seventh Street; thence East along <br />the North line of Seventh Street, 443.18 feet to the intersection <br />of said North line with the West line of Western Avenue; thence <br />North along said West line of Western Avenue 281.75 feet to the <br />intersection of said West line with the South line of Hickey Street <br />(Eighth Street); thence West along the South line of Hickey Street <br />440.55 Feet to the point of beginning. <br /> <br />EXCEPTING the Easterly 140.55 feet. <br /> <br />Parcel No. 2: A spandrel shaped parcel of land bounded Northerly <br />by the Southerly line of Parcel 1, bounded Westerly by the <br />Southerly prolongation of the West line of Parcel 1, bounded <br />Southeasterly by the arc of a curve concave southeasterly, having <br />a radius of 25.00 feet and tangent to said Northerly and Westerly <br />boundaries. <br /> <br />and Carl J. Thornton, the City's designated agent, is directed to <br />place his Certificate of Acceptance on said deed; <br /> <br /> BE IT FURTHER RESOLVED: That the Mayor and the Clerk of the <br />Council are hereby authorized and directed to execute a deed for and <br />on behalf of the City of Santa Ana granting to the SANTA ANA UNIFIED <br />SCHOOL DISTRICT OF OR3~NGE COUNTY that certain real property in the <br />City of Santa Ana, County of Orange, State of California, described <br />as: <br /> That portion of the Northwest quarter of the Northwest quarter of <br /> the Southeast quarter of Section 11, Township 5 South, Range 10 <br /> West, described as follows: <br /> <br />-1- <br /> <br /> <br />