HomeMy WebLinkAboutCC RESO 12,403RESOLUTION NO. 12,403
RESOLUTION AUTHORIZING EXECUTION OF ESCROW
AGREEMENT PROVIDING FOR THE PURCHASE OF CERTAIN
INTERESTS IN REAL PROPERTY FROM THE KOENIG
CORPORATION AND OTHERS
BE IT RESOLVED that the Mayor and the City Attorney
are authorized and directed to execute that certain escrow
agreement by and between the City of National City, the National
City Parking Authority, the Koenig Corporation, May Stores
Shopping Centers, Inc. and certain individuals which provides
for the acquisition of real property from the Koenig Corporation
and others, by the City of National City and its Parking Auth-
ority.
BE IT FURTHER RESOLVED that the City Treasurer is
authorized and directed to deposit $200,000.00 into an escrow
at the Land Title Insurance Company pursuant to the aforementioned
escrow instructions.
BE IT FURTHER RESOLVED that the Mayor and City Attorney
are authorized and directed to execute on behalf of the City of
National City and any and all ancillary documents and instruments
necessary to carry out the above described escrow agreement and
the terms thereof.
PASSED AND ADOPTED this 12th day of July, 1977.
ATTEST: