Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />KLG:rs <br />3-10-76 <br /> <br />AGREEMENT FOR MAINTENANCE OF SUM OF MONEY <br />IN ESCROW AND FOR PAYMENT THEREOF WHEN DISPUTED <br />RIGHTS THERETO HAVE BEEN SETTLED AND DETERMINED <br /> <br />THIS AGREEMENT, made and entered into this <br /> <br />day of <br /> <br />March, 1976, by and between the City of Santa Ana, a municipal <br /> <br /> <br />corporation of the State of California (nCity"), the Community <br /> <br />Redevelopment Agency of the City of Santa Ana, a public bOdy, <br /> <br />corporate and politic (nAgency"), and Southern California Edison <br />Company, a California corporation ("Edison"). <br /> <br />! !. ! ! ~ ~ ~ ~ ! !!: <br /> <br />Recitals: <br /> <br />1. <br /> <br />Edison is engaged in the business of furnishing <br /> <br />and distributing electrical energy to customers in various <br /> <br />locations in the State of California, among which is the <br /> <br />City of Santa Ana, where Edison operates under and pursuant <br /> <br />to a certain franchise agreement with the City, dated <br /> <br /> <br />October 17,1938, a copy of which is on file in the office <br /> <br />of the Clerk of the Council of City. <br /> <br />2. <br /> <br />Under and pursuant to said franchise agreement, <br /> <br />Edison has heretofore constructed and installed a certain <br /> <br />system of electrical conductors, conduits, and appurtenances <br />(nfacilitiesn) within Second Street, between Ross and Birch <br /> <br />Streets in the City of Santa Ana, which street was abandoned <br /> <br />on <br /> <br />City has demanded that Edison relocate <br /> <br />its said facilities to another location within said former <br />right~of-way, being the most northerly four feet thereof, in <br /> <br />order that the location of Edison's said facilities will accom- <br /> <br />modate the construction of a housing project being jointly <br /> <br />developed by Agency and the Housing Authority of the City of <br /> <br />Santa Ana. <br /> <br />Edison is unwilling to relocate its said facilities <br /> <br />as aforesaid unless and until City pays the cost thereof, not to <br /> <br />exceed the ~otal sum of $23,000. <br /> <br />Neither City nor Agency is <br /> <br />willing to pay said or any sum to Edison for said purpose. <br /> <br />1. <br /> <br />dlêl1- 3 ð <br />