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RESOLUTION 69-12 AUTHORIZING AN EXCHANGE OF PROPERTIES BETWEEN THE CITY AND JOHN R. AND JO ANN HAYES INVOLVING PROPERTY EAST OF LOGAN STREET AND NORTH OF FRUIT STREET RESULTING IN A CASH CONSIDERATION OF $21,000 DUE TO JOHN R. AND JO ANN HAYES WHEREAS, JOHN R. HAYES and JO ANN HAYES, husband and wife, have executed a deed dated January 15, 1969, conveying to the City of Santa Ana real property on the east side of Logan Street north of Fruit Street, and a temporary easement to be used in conjunction with the demolition of existing improvements, together with all vehicular access rights to the lands lying northwesterly of the southeasterly line of said property, for a cash consideration of $21,500; in exchange for which the City will convey to the said John R. Hayes and Jo Ann Hayes, husband and wife as joint tenants, other real property which has been declared surplus and is adjacent to the real property being conveyed to the City, which adjacent property has a cash value of $500; the sale of this property was authorized by the City Council on January 20, 1969; and WHEREAS, the City of Santa Ana has agreed to pay to John R. and Jo Ann Hayes the difference in equity of the interest in real property being exchanged hereby in the amount of $21,000; and Hayes WHEREAS, said transaction is to be handled through Escrow Number 56055-C with Security Title Insurance Company, Santa Ana, California. NOW, THEREFORE, BE IT RESOLVED: That the City of Santa Ana accepts said deed from John R. Hayes and Jo Ann Hayes granting to the City of S~nta Ana the following described property: PARCEL 1: That portion of Lot 15, Block E, Hawkin's Addition to Santa Ana, in the city of Santa Ana, as shown on a map recorded in Book 13, page 26, of Miscellaneous Records of Los Angeles County, California, described as follows: Beginning at the Northwest corner of said Lot 15; thence Southerly along the West line of said Lot 15 a distance of 42.99 feet; thence Northeasterly in a straight line to a point on the North line of said Lot 15 which is 92.18 feet Easterly from said Northwest corner; thence Westerly along the North line of said Lot 15 a distance of 92.18 feet to the point of beginning; including all vehicular access rights to the lands lying Northwesterly of the Southeasterly line of the above-described property. PARCEL 2: A temporary easement to be used in conjunction with the demolition of existing improvements over the following described property: That portion of Lot 15, Block E, Hawkin's Addition to Santa Ana, in the City of Santa Ana, as shown on a map recorded in Book 13, page 26, of Miscellaneous Records of Los Angeles County, California, described as follows: Beginning at a point on the West line of said Lot 15 distant Southerly 42.99 feet from the Northwest corner of said Lot 15; thence Northeasterly in a straight line to a point on the North line of said Lot 15 which is 92.18 feet Easterly from said North- west corner; thence Easterly a distance of 32.82 feet to the Northeast corner of said Lot 15; thence Southerly a distance of 50.00 feet; thence Westerly a distance of 125.00 feet; thence Northerly along the West line of said Lot 15 a distance of 7.01 feet to the point of beginning;