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RESOLUTION 68-15 AUTHORIZING EXECUTION OF A
<br />DEED FOR THE SALE OF SURPLUS PROPERTY TO
<br />BRUCE A. WALLACE FOR A CASH CONSIDERATION
<br />OF $5,590.0O
<br />
<br /> W~EREAS, by action of the City Council on January 3, 1966,
<br />certain real property located on the west side of King Street at
<br />Tenth Street was declared to be surplus; and
<br />
<br /> WHEREAS, heretofore, the City published a notice of sale of
<br />said surplus real property, hereinbelow described, at public auction
<br />to be held at a regular meeting of the City Council on December 18th,
<br />1967, and at said time and place said property was sold to BRUCE A.
<br />WALLACE, the highest bidder for the same, in consideration of the
<br />sum of $5,590.00, $560.00 paid on acceptance of said bid and the
<br />balance of the purchase price to be paid through Escrow No. 55421-C
<br />opened with Security Title Insurance Company, Santa Ana, California;
<br />
<br /> NOW, THEP~EFOP~E, BE IT P, ESOLVED: That the Mayor is hereby
<br />authorized to sign the escrow instructions, and the Mayor and the
<br />Clerk of the Council are hereby authorized and directed to execute
<br />a deed granting to BRUCE A. WALLACE, a married man, as his sole and
<br />separate property, all that real property in the City of Santa Ana,
<br />County of Orange, State of California, described as:
<br />
<br />Those portions of Lots 8 and 9 of lands of S. H. Finley, in the
<br />City of Santa Ana, as shown on a licensed surveyor's map recorded
<br />in Book 2, Page 9, Records of Surveys, in the office of the County
<br />Recorder of Orange County, California, described as follows:
<br />
<br />Commencing at the intersection of the center lines of King Street
<br />and Tenth Street, as shown on a map of Tract No. 1960, recorded
<br />in Book 126, Pages 20 and 21, Miscellaneous Maps, records of said
<br />Orange County; thence North 27° 30' 00" East, along said center
<br />line of King Street, a distance of 161.51 feet to the Northeast
<br />corner of the land described in the deed to the City of Santa Ana
<br />recorded May 1, 1961, in Book 5707, Page757, Official Records;
<br />thence North 62° 30' 00" West along said Northeasterly line a
<br />distance of 30.00 feet to the true point of beginning; thence
<br />South 27° 30' 00" West along a line that is parallel with and
<br />30.00 feet Northwesterly from said center line of King Street, a
<br />distance of 111.75 feet to a tangent curve concave Easterly,
<br />having a radius of 60.00 feet; thence Southerly along the arc of
<br />said curve, through a central angle of 23" 33' 23", an arc distance
<br />of 24.67 feet to a non-tangent line that is parallel with and
<br />25.00 feet Northwesterly from said center line of King Street;
<br />thence South 27° 30' 00" West, along said parallel line, a distance
<br />of 163.89 feet to a point on a non-tangent curve, concave Westerly,
<br />having a radius of 1050.00 feet, the radial to said curve at said
<br />point bears North 81" 07' 40" West, said non-tangent curve being
<br />the Easterly line of Fairview Street; thence Northerly along the
<br />arc of said curve, through a central angle of 18* 35' 05", an arc
<br />distance of 340.58 feet to a point on the Northeasterly line of
<br />said land conveyed to the City of Santa Ana; thence South 62~ 30'
<br />00" East along said Northeasterly line 153.77 feet to the true
<br />point of beginning;
<br />
<br />RESERVING all vehicular access rights to said Fairview Street
<br />from the Westerly line of the above-described parcel;
<br />
<br />and place the same in the above escrow for delivery to said grantee.
<br />
<br /> BE IT FURTHER RESOLVED: That there shall be filed concurrently
<br />herewith an agreement between the City and Purchaser, for recording,
<br />setting forth restrictions.
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