HomeMy WebLinkAboutCC RESO 10,482RESOLUTION NO. 10.,482
RESOLUTION AUTHORIZING EXECUTION OF OPTION
TO PURCHASE REAL PROPERTY
I
(Alice G. Murrer, 324 West 1-0 h Str- et)
BE IT RESOLVED by the City Council of the City
of National City that the Mayor be authorized to execute
that certain option to purchase real property between the
City of National City and Alice G. Murrer, a copy of which
is attached.
BE IT FURTHER RESOLVED that the City Finance
Officer is hereby authorized and directed to issue a war-
rant in the amount of $12,000 plus escrow fees as required,
to cover the cost of this transaction.
PASSED AND ADOPTED this 19th day of October,
1971.
ATTEST:
NOTICE OF ADOPTION OF RESOLUTION OF INTENTION NO. 10,475
(Alley between "Q" Avenue, "R" Avenue and 5th
Street, 7th STreet, Assessment District No. 176)
NOTICE IS HEREBY GIVEN that on October 12, 1971 , the City
Council of the City of National City, passed and adopted Resolution
of Intention No. 10,475 under the provisions of the Improvement Act
of 1911 for the purpose of ordering the following work to be done
and improvements to be made in the City of National City, County of
San Diego, State of California, to wit:
1
ALLEY BETWEEN "0" AVENUE, "R" AVENUE AND 5TH STREET,
That
7TH STREET,
ASSESSMENT DISTRICT NO.17G beimproved as
follows: earthwork, curb, paving
to any of the above and which may
be performed, excepting therefrom
of all said work that has already
and in accordance with the plans,
after described.
and that any other work auxiliary
be required to carry out the same,
all of the herein -described work
been done to the lines and grades
specifications and drawings here -
The estimated cost of the construction of said improvements is
the sum of $13,555,53 , including incidental_ expenses. The
City of National City has budgeted the sum of $ 800.00
as a
contribution toward the cost of said work. The remaining costs
thereof will be assessed upon the property benefited. According to
the last equalized roll for taxes you are the owner of property
within the boundaries of the district which will be assessed to pay
the costs and expenses of this improvement. Said Resolution of In-
tention No. 10,475 is on file in the office of the City Clerk of the
City of National City and is referred to for all particulars.
NOTICE IS HEREBY GIVEN THAT ON:
November 9, 1971 , at the hour of 8:00 p.m. of said day, at the
meeting place of the City Council of the City of National City,
1243 National Avenue, National City, California has been fixed as
the time and place of hearing any and all objections to the proposed
work and improvement, the grades to which said work is proposed to
be done, or the boundaries of the district. Any persons owning prop-
.erty within the boundaries of the district may present written pro-
test, not later than the hour hereinabove set for hearing, against
the doing of said work, the grades to which said work is to be done
or the boundaries of the district proposed to be assessed. Any pro-
test filed must be in writing and must contain a description of the
property in which the signer thereof is interested, sufficient to
identify the same, and must be delivered to the City Clerk of the
City of National City.
This work is to be done by special assessment proceedings under
the Improvement Act of 1911. Property owners will be able to pay
their assessments in cash at the termination of work and confirmation
of the assessment. If any property owner does not desire to pay for
the wort: in cash, a bond will be issued against the property for the
amount of any assessment of $50,00 or more, under the Improvement Act
of 1911, which bond will bear interest at the rate of six percent (6%)
per annum and will be payable in equal installments over a period of
nine (9) years.
Dated: 4 . /„1, /9 7 /
(Le 2c7r'7(5 1Q
/ City Clerk of t;he City of
j , ati na7.' City
/ f
•Bunk of Atticrirtt
NATIONAL -1,..;;;;;Arg ASSOCIATION
To:
Dear
City of National City
1243 National Ave
National City Ca
Attn: Steve Krenzer
Sir:
TRANSMITTAL LETTER
Date
Escrow No.
October 12, 1971
171-4014
In connection with our above numbered escrow, which was opened at this branch, we enclose the following
items for your approval, signatures and/or completion:
_rm.. Escrow Instruction
Statement of Information
xx Deed
Trust Deed (and Note)
For approval by the Council
Beneficiary's Statement
Inventory
XX We need the Resolution to purchase.
SIGN AND RETURN ONE COPY OF THE
ENCLOSED INSTRUCTIONS OR PAPERS;
2nd COPY IS FOR YOUR RECORDS.
COMPLETE IN DETAIL, SIGN AND
RETURN TO US.
IN7AINWITM79771INYTTIFIANDAMY
NWTA7IMAY7YN1711V1WYMWA
WAM7JPATNIAMMTAM1Y711M
SIGN, WHERE MARKED, TO INDICATE
YOUR APPROVAL OF PAPERS AND
RETURN THEM TO US. 2nd COPY IS
FOR YOUR RECORDS.
When returning the above papers to us we would appreciate your also sending us the following:
Fire Insurance Policy
Latest Tax Bill
A -return envelope is enclosed
for your convenience.
TRU-122 5.69
STATE OF CALIFORNIA
County of San Diego
Sincerely yours,
Margie Ford
Escrow Officer
SS
On October b..9-°":19 71, before me, the undersigned, a Notary Public in and for said.
County and State, personally appeared
murrer
known to we to he the person ‘vhose name. IS subscirbed to the within instrument .iiH acknox‘lidgi'd
a. v v 4.16 V TV
a• i L./ .. lib V V a V. a V
(REAL ESTATE TRANSACTION)
To: BANKOFAMERICA
NATIONAL TRUST AND SAVINGS ASSrx',ATION
Nati rtna1 ci ty Branch
National City
, Calif.
MEMO
PAID OUTSIDE OF ESCROW $
CASH THROUGH ESCROW
UNPAID BALANCE OF
ENCUMBRANCES OF RECORD
NEW ENCUMBRANCES
TOTAL CONSIDERATION
12 000
171-401 4-Escrow No.
324 West loth St.
Street Address of Property.
National City Ca
City State Zip
Unimproved
❑ Vacant Lot 0 Farmland ❑ Acreage
(If Applicable)
Marguerite Ford
Escrow Officer
October 7, 1971 , 19
In consideration of your acting as escrow holder herein, it is agreed that you shall in no case or even be liable for forgeries or false personations in connection
with these instructions, instruments of record, or those handled in this escrow.
It is further agreed that if any controversy arises between the parties hereto or with any third person, you shall not be required to determine the same or take
any action in the premises. but you may await the settlement of any such controversy by final appropriate legal proceedings or otherwise as you may require,
notwithstanding anything in the following instructions to the contrary, and in such event you shall not be liable for interest or damage. In the event of such
controversy, you shall be entitled to reasonable compensation for all services performed by you and to costs and reasonable attorney's fees if you intervene in or are
made a party to any litigation, the undersigned jointly and severally agreeing to pay the same, and you shall further be entitled to hold documents and monies
deposited herein pending payment thereof.
I will hand you S12,000.00 prior to close of escrow.
and will deliver to you any notes, instruments and additional funds required from me to enable you to comply with these instructions. all of which you are authorized
and instructed to use and deliver provided instruments have been filed for record entitling you to procure assurance of title in the usual form of a Standard
Owners Policy of Tide Insurance, issued by Security Title with a liability of S 12,000.00 covering
property in the County of San Diego
State of Cali forniadescribed as follows:
Lots 23 and 24 in Black 118 of National City, in tho City of National City, County
of San Diego, State of California* according to flap thereof No. 348,filed in the
Office of the County Recorder of San Diego County, October 2,-1882.
EXCEPTING therefrom that portion of, Lot 24 as deeded to the State of California, on
March 7, 1962 as mile No. 385810 described as foliose:
That portion of Lot 24, Block 118, National City, according to Hap thereof No.
348, filed in the Office of the County Recorder of San Diego County, October 2,
1882, lying Westerly of the following described lines
Begitininj et a point on the Westerly lines of said Block 118, distant for reference
along said Westerly lino North 17°45/12" Test, 88.34 feat from the Southwestorly
corner of acid Block 118, acid corner being at coordinates Y-185,015.10 fast and
Er1,735062C.97 feet; thence North 18°07117" East* 437.51 feet to the Easterly line
of Blocs 119 in said National City, distant for reference along said Easterly line
North 11045112" Went. 117.10 foot from tho Southeasterly corner of said Block 119.
NO PRORATES IN THIS ESCROW
As of
th,. :dlowin.. +.Ii,t. ,.., t...
• M
encumbrances of record based on statements by Benefician cr he'. ers of notes for collection: and interest on new encumbrances bs endorsements on notes
Seller represents and you are to a%scrne that the premium on any insurance policy which sePer hands to you or causes to be handed to you in this escrow. or
which is resealed to be in the possession of a beneficiary. has been paid in full and that such policy has not been hypothecated. Forward such policies and or
endorsement forms to be attached thereto, if any. after close of escrow to the agent with a request that the insurer consent to the transfer thereof and/or the
attachment of loss -payable endorsement or mortgagees clause or other additions or corrections as required, and that the anent thereafter forward such policies
and/or the endorsements thereto to the parties entitled thereto. Sellerwill pay prior to delinquency all taxes on real and personal property not being sold herein.
which tax is a lien on the herein described real property. You are not to be concerned with same. _ .
It is agreed by the parties hereto that so far as your rights and liabilities are concerned. this transaction is an escrow and not any other legal relation and you
are an escrow holder only.
The expression "close of escrow" if written in these instructions shall mean the date instruments are filed for record.
It is understood that all disbursements shall be made to parties in interest, by your remittance and that remittance and instruments will be mailed to one of the
parties entitled thereto, if more than one, to address given below. Instruct County Recorder to mail instruments in the same manner.
Deliver Title Policy to buyer
I will pay, on demand. regardless of the consummation of this escrow, all charges incurred by you for me, including your usual escrow fee and usual charges,
unless otherwise provided.
{
I WILL PAY ALL THE USUAL BUYERS AND SELLERS CHARGES IN THIS ESCROW.
IF YOU ARE UNABLE TO COMPLY WITH THESE INSTRUCTIONS ON OR PRIOR TO October 29, 1971
YOU WILL COMPLY AS. SOON THEREAFTER AS POSSIBLE UNLESS A WRITTEN DEMAND FOR RETURN OF MONEY OR INSTRUMENTS BY
A PARTY TO THIS ESCROW IS RECEIVED BY YOU SUBSEQUENT TO SUCH PATE AND PRIOR TO THE RECORDIN.S-OF-ANV INSTRUMENT.
PROVIDED FOR HEREIN.
CITY OF NATIONAL CITY, a Municipal Corporation
Signature By- Signature
Address 17et3 NaHii c1 Avantip Address
National City Ca
Telephone Telephone
THE FOREGOING INSTRUCTIONS AND CONDITIONS ARE HEREBY APPROVED AND ACCEPTED IN THEIR ENTIRETY AND
CONCURRED IN BY ME. I will supply you with funds, notes and instruments required from me to enableyou to comply with these instructions. which you are
authorized to use and deliver provided you hold for my account any instruments accruing to me and the sum of S12 , 000. 00 . When property being
conveyed is held in joint tenancy any cash derived therefrom in this escrow shall be joint tenancy funds.
Order search of title at once. Deduct all my expenses from funds accruing to me. I will pay on demand, regardless of the consummation of this escrow, all charges
incurred by you for me (except those other party has agreed to pay), including title charge, fee for preparing instruments I execute, your usual escrow fee and usual
charges, unless otherwise provided. ,.
Pay Documentary Transfer Tax for the deed 1 execute of S N/A
value less liens and encumbrances remaining of record at time of sale
Make following disposition of proceeds due me:
I. Credit Com 1 account of at
Say. your
Branch.
2. Mail Check to me at Address Below
computed on full value of property conveyed or computed on full
The undersigned seller is aware that they will by billed by the County
for taxes from July 1, 1971 to close of escrow.
of San Diego
BUYER IS TO PAY ALL MY USUAL CHARGES IN THIS ESCROW,
From proceeds due the undersigned seller at close of escrow Escrow holder is to pay all
delinquent county and city taxes and demands of Lien holder of record for full redonveyance;
of trust deed of record.
Signature a .
A/ G. Murrer
Signature
Address 1 519 Ins an st-
Address
Imperial Beach California
Telephone ._ .. .
Telephone