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I RESOLUTION NO® 774
2 A RESOLUTION AUTHORIZING THE SALE OF CERTAIN
REAL PROPERTY PURSUANT TO THE AUTHORITY OF
3 SECTION 37350 OF THE GOVERNMENT CODE AND RE-
VOKING RESOLUTIONS NUMBER 768 AND 771 OF THE
4 CITY OF' SAN JACINTO.
511
61 WHEREAS, by its Resolutions No. 768 and 771 the Council of the
City of San Jacinto has declared its intention to sell certain real
llproperty`hereinafter described, conducted a public bearing on said
resolution of intention and by a unanimous vote of all five council®
S men authorized the sale of said real property at the conclusion of
said hearing on March 26 1968; and
�3
lOWHEREAS, it has been called to the attention of the council
( that an alternative' authority exists for the sale of said real pro-
� Iperty, by the provisions of Section 37350 of the Government Code
1,reading as follows e
Ili A city may purchase, lease, receive, hold and enjoy
real and personal property, and control and dispose
13 of it for the common benefit.
14 ' AND WHEREAS, it is the council 's desire to conduct the sale of
the real ;property pursuant to the above cited authority rather than
151pursuant ;to the authority and proceedings in connection a,7ith Resolu-
16 tions Number 768 and Number 771
T ' �� the i Council of the City of
17 � NOW THEREFORE BE I RESOLVEy., ���, e City y
iSan Jacinto, California, sitting in regular session this ' 2nd day of
�$ April, 1968 as follows :
1i1 . Resolutions Number 768 and Number 771 are hereby revoked
;land made 'void.
201 2 . The mayor of this city, or in his absence, the mayor pro
21ltempore, together with the City Clerk are authorized and instructed
to execute a deed to Howard E . Divine, as Trustee for most of the
22 property owners of Lots l through 5; inclusive, of Block 17, Town
�iof San Jacinto as per the same map hereinafter described, or to the
23 !San Jacinto Parking Lot Association, a California corporation ,or
1such other corporation to be created or acquired for the purpose of
holding title on behalf of said property owners as Howard E. Divine
24 shall designate, under the following terms of sale:
25 a. For the payment of $5=,000 .00 cash payable upon close i
26 of escrow, which shall close in thirty days . Standard title
insurance' policy shall be provided at the expense of the City
27 of San Jacinto, showing title vested in purchasers free of all
liens and encumbrances except the existing alley and those por-
28 tions of Sheriff and Fifth Streets .
29 b. The City shall be entitled to possession of said real
property without liability for rent until the buildings (except
30 for the service station) located on Lots 6, 7, 8 and 9 of Block
17 are substantially removed or demolished or until September
31 1, 1969, whichever evert occurs sooner. Thereafter the City
will reserve the right to lease said real property from the put
32 chaser for a term of five years at the annual rental of $500.00
payable in advance of each year, said term to commence upon the
�zXi
ONA .WIC KHAM
ATT.., cYS AT LAW 4
163 E.MAIN STREET
SAN JACINTO.CALIF.
TELEPHONE
l7141 S54-3251 '�
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I termination of the city' s right to possess the land without
2 � liability for rent . The City shall have the option to termin
ate said lease upon the giving of sixty day's written notice
to H. E. 'Divine at 142 E . Main St . , San Jacinto, California of
3 the City' s intention to terminate the lease . Upon such termin-
ation, the City's liability for rent shall cease and any por-
4 tions of rent prepaid for the unexpired term shall be refunded
to the city pro rata to the period not used. The purchasers
of shall have the right during the lease period to pave the unim-
proved area of said real 'property for parking subject to the
6'I joint use of said area by the City and the purchasers .
7 3 . Said officers are authorized to deposit said conveyance in:
,escrow under the above-described conditions and they are hereby em-
81powered to execute escrow instructions with the United California
CBank, as escrow, and to execute all other documents and papers nec
9 essa.ry to effect the closing of the sales transaction, including the
lease agreement concerning said real property.
101 ll
4. The real property to be sold is described as follows :
11
l` ' Real, property in the County of Riverside, State of Cal-
2 ifornia,described .as follows :
131 Lot 10 in Block 17 of the Town of San Jacinto, as shown
14 by Map on' file "in Book 7 page 329 of Maps, San Diego
County Records;
15 EXCEPTING therefrom the West 20 feet thereof.
16 Said property is also situated in the City of San Jac-
17 into.
5 ® The City Council finds and determines that the purchase
18lprice of $5,000 .00 is equal to or exceeds the fair market value of
19 ,the interest to be conveyed and the council further determines that
it is in the best interest and convenience of ;the public ;and of the
20lresidents of the city of San Jacinto that the real property herein
;above described be ;sold for the reason that the parcel is too small
21 to be developed for long-term use by the city ;due to the lack of
parking space, that it is located in a congested area near the main
,,shopping area of the city that is in desperate need of additional
Ii,parking space, and that the best use of the lot is that it be devel-
23 oped as a parking lot . These reasons are stated in; greater detail
lin ;paragraph A through F, inclusive, in alphabetical order in 'Reso-
lution No. 768 which paragraphs are referred to and incorporated
24 herein as fully and completely as if set forth at length herein.
25 6 . The Director of Finance is directed to allocate the net
26 proceeds of the sale herein authorized to the Civic Center fund.
27 ADOPTED AND SIGNED this 2nd day of April, 1968' by the following
vote:
28
AYES : Counclmen' Maughan, Stewart, Stevens, and Mayor Pierce
29 NOES: None
30 ABSENT: Councilman Hayhome
31 I ATTEST: ' ... '
i LGCY t1AY ALLEP1, CITY CLE„I.
$211D4 r g Yy , 4 Mayor, City of San Jacinto
my R K i; Deputy
ONF WICKHAMl
ATTo ..YS AT LAW
163 C.MAIN STREET
SAN JACINTO,CALIF. 11 -2-
TELEPHONE
I CERTIFICATE
2 The foregoing is certified to be a true copy of Resolution No.
3 duly adopted by the said City Council of the City of San Jacinto on the date
4 therein set forth.
5 ZByi'
ALLEN, CITY CLERK
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