RES-10496 Escrow Execution AuthorizationRESOLUTION NO. 10496
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE FINDING AND DETERMINING
THAT THE PUBLIC INTEREST, CONVENIENCE
AND NECESSITY REQUIRE THE ACQUISITION
FOR PUBLIC PURPOSES OF PROPERTY
LOCATED AT THE SOUTHWEST CORNER OF
TUSTIN STREET AND MEATS AVENUE
ORANGE VILLA SHOPPING CENTER I) AND
AUTHORIZING THE EXECUTION OF ESCROW
INSTRUCTIONS THEREFORE.
WHEREAS, the City of Orange (the City) is a municipal corporation which exercises
governmental functions and powers and is organized and existing under the laws of the State of
California; and
WHEREAS, Section 37350 of the Government Code of the State of California
authorizes a city to purchase, lease, receive, hold, and enjoy real and personal property, and
control and dispose of it for the common benefit; and
WHEREAS, Orange Villa Shopping Center, a Limited Liability Company, as its
interests appear of record (Seller), is the current owner of that certain real property located in
the City of Orange, County of Orange, State of California, and legally described and shown
on the maps attached as Exhibits "A, B, C, D" to the City of Orange's offer letter which is
attached hereto as Attachment 1 and incorporated herein by this reference (the Offer Letter);
and
WHEREAS, Seller desires to sell and the City desires to purchase the Property in
accordance with the terms and provisions of the Offer Letter; and
WHEREAS, the City Council has duly considered all of the terms and conditions of the
Offer Letter, in the form presented, together with any testimony received by the City Council,
and believes that the acquisition of the Property from Seller is in the best interests of the City
and the health, safety, morals and welfare of its residents, and in accord with the public purposes
and provisions of applicable State and local law requirements.
NOW, THEREFORE, the City Council of the City of Orange resolves, on the basis
of the facts set forth in the agenda report and any testimony received as follows:
1. The foregoing recitals are true and correct.
2. The public interest, convenience and necessity require, and the City Council
hereby orders, the acquisition by the City from Seller for public purposes of the fee simpleestateintheProperty, subject to easements, covenants, rights and rights-of--way of
record, for the sum of One Hundred Thirty-Two Thousand Thirty Dollars ($132,030)
and related escrow costs, through escrow in accordance with the terms and provisions of
the Offer Letter.3. The City Council finds and determines that the terms and
provisions of the Offer Letter between the City and Seller with respect to the acquisition of
the Property are approved and that the Mayor is authorized to execute all escrow andrelateddocumentstoeffectuatethesaleonbehalf
of the City.ADOPTED this 13`h day
of July, 2010 yn V. ~awecc~e, Mayor,
City~
of Orange ATTEST:Mary E. City Clerk,
i y range I, MARY E. MURPHY, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly ado~ted by theCityCounciloftheCityofOrangeataregularmeetingthereofheldonthe13` day of July,
2010, by
the following vote:AYES: COUNCIL MEMBERS: Murphy,
Cavecche, Dumitru, Bilodeau NOES:
COUNCIL MEMBERS: None ABSENT:
COUNCIL MEMBERS: Smith ABSTAIN:
COUNCIL MEMBERS: None
Mary Eu - Iy, City Clerk, Ci
of