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HomeMy WebLinkAboutCC RESO 11,627RESOLUTION NO. 11,627 RESOLUTION AUTHORIZING EXECUTION OF FORMAL PROPOSAL BETWEEN THE CITY OF NATIONAL CITY AND CALIFORNIA DEPARTMENT OF TRANSPORTATION (Excess Parcel of Property Adjacent to El Toyon Park) BE IT RESOLVED by the City Council of the City of National City, California, that the City Manager is hereby authorized and directed to execute that certain "PROPOSAL" for the acquisition of title to an excess parcel of property adjacent to El Toyon Park between City of National City and the State of California Department of Transportation. PASSED AND ADOPTED this 26th day of November, 1974. ATTEST: PROPOSAL Rte. 11-SD-805 P.M. 10.9 R/W 7791-03-01 The City of National City is interested in acquiring the parcel of excess land referenced above. This parcel is identified on your right of way r n as Parcel No. 7791-03-01 . We hereby bid the sum of ONE & no/100 - - - dollars ($1.00 ) as full yraent for the purchase price of said excess parcel, and enclose a cashier's 0 eck or certified check for this amount, payable to the order of the Califor z.aa Department of Transportation: We understand that this sale must be approved by the California Highway Commission. Upon acceptance by the Department of Transportation of the amount bid, and the approval of the proposed sale by the California Highway Commission, the State of California shall issue a Director's Deed to the CITY OF NATIONAL CITY conveying the right, title and interest of the State of California in said real property. We understand that we acquire no right, title or interest in said real property until the sale has been approved in the manner provided by law and a Director's Deed has been executed, recorded, and delivered. Said Director's( Deed will be processed in an expeditious manner by the Department of Trans- ¶ portation. We understand that the right, title and interest in the property to be trans- ferred by this sale shall not exceed that vested in the State of California, and that no policy of title insurance will be furnished by the State in connection with this transaction. The fee title to the parcel of land is vested in the State of California free and clear of all encumbrances, except special assessments, if any, restrictions, reservations, and easements of record. The property shall be conveyed by said Director's Deed to (Show how title is to be vested) We understand that the Department of Transportation shall forward to us said Director's Deed for recording and that we may take possession of said real property as soon as said Director's Deed has been recorded. Said State of California reserves the right to cancel the sale at any time prior to recording the Deed. In the event of cancellation of sale, all "coneys deposited shall be refunded without payment of interest. t is agreed that all notices pertaining to matters arising in connection ith this transaction may be made upon bidder in person or by registered ail addressed to bidder at: PHONE DATED Signed ZIP CODE I luta,e•YLK kw—Y.