HomeMy WebLinkAbout60-230 60-2~0 AUTHORIZING EXECUTION OF
RESOLUTION
NO.
DEED AFTER PUBLIC SALE OF "OLD LIBRARY SITE"
WHEREAS, after published notice and mail distribution of
advertising circulars to all persons known to b~, or who might hav~
been,interested in the purchase of said property, two written bids
were received and opened at the regular Council Meeting held on
November 7th, 1960, and after announcement of the highest written bid,
the question of selling of the "Old Library Site" was thrown open for
oral bidding, and eighteen oral bids were made, the closing and
highest bid being $101,700.00 made by LINCOLN SAVINGS AND LOAN
ASSOCIATION, which said Bidder made a deposit of $11,000.00, by
Cashier's Check, for thirty-day option to complete its bid.
NOW, THEREFORE, BE IT RESOLVED: That the sale which was de-
clared at the above mentioned meeting of the City Council at the
close of bidding, which may be completed by the deposit of the balance
of the purchase price so bid in escrow within a period of thirty days,
is hereby confirmed, and the Mayor and the Clerk of the Council are
hereby directed to execute on behalf of the City of Santa Ana a deed
conveying:Lots 1 and 4 in Block 20 of the Town of Santa Ana, as shown
on a Map recorded in Book 2, Page 51 of Miscellaneous Records of Los
Angeles County, California
Subject to taxes for the fiscal year 1960-61,
to LINCOLN SAVINGS AND LOAN ASSOCIATION, a California corporation,
and to deliver the same through escrow opened with the Orange County
Title Company under Order No. 389843-HRB, and to execute escrow
instructions providing for the deposit of the balance of said purchase
price of $90,700.00 to be paid into escrow on or before December 8,
1960.
PASSED AND ADOPTED by the City Council of the City of Santa Ana
at its adjourned regular meeting held on the 9th day of November, 1950.
ATTEST:
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STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
CITY OF SANTA ANA )
I, MARION SUTTNER, do hereby certify that I am the Clerk of
the Council of the City of Santa Ana; that the foregoing Resolution
was regularly introduced to said Council at its adjourned regular
meeting held on the 9th day of November, 1980, and was at said meeting
regularly passed and adopted by the following vote, to-wit:
AYES,
NOES,
ABSENT,
C OUNC II2~EN:
COUNCILMEN:
COUNC I I~MEN:
Royal E. Hubbard, Dale H. Heinly,
Bob Brewer, A. A. Hall
None
Stanley C. Gould, Jr.
'CI~K OF 'TH~ ~SIJNC~L
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