HomeMy WebLinkAboutCC RESO 7593RESOLUTION NO. 7593
RESOLUTION AUTHORIZING PARTIAL RECONVEYANCE
WHEREAS, all that real property hereinafter referred to is
subject to a deed of trust wherein and whereby City of National
City is named as beneficiary as security for the balance of the sum
due to City of National City for the purchase of said real property;
and
WHEREAS, said deed of trust provides for partial release of the
property given as security upon the pre -payment of a fixed sum to
City of National City; and
WHEREAS, said fixed sum has been paid to National City and a
partial release has been requested.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY ODUNCIL OF THE
CITY OF NATIONAL CITY AS FOLLOWS:
That the Mayor and the City Clerk and Bank of America National
Trust and Savings Association, as trustee under deed of trust, be
and hereby are authorized to execute any and all documents necessary
in order to effect a reconveyance to National City Development
Company, et al, of all that certain portion of S0 Acre lot 1 in
Quarter Section 130 of Rancho de La Nacion more particularly des-
cribed in Exhibit A hereto attached and by reference made a part
hereof.
PASSED AND ADOPTED this
ATTEST:/
CITY CLERK
day of September, 1959.
-MAYOR
That portion of 80.00 acre Lot 1 in Quarter Section 130
of RANCHD DE LA NACION, in the City of National City, County
of San Diego, State of California, according to the Map thereof
No. 166, made by Morrill and filed in the Office of the Recorder
of San Diego County May 11, 1869, described as follows'
Beginning at a point on the Northerly line of the Southerly
40.00 feet of said 80.00 acre Lot 1, distant thereon North 71°
17' 50" East 130.00 feet from the Southeast corner of El Toyon
Park as dedicated by Resolution No. 6902 of the City Council of
the City of National City, a copy of which was filed for record
on March 20, 1959 as Document No. 55834 in the Office of the
Recorder of San Diego County; thence along the Northerly line
of said Southerly 40.00 feet, North 71° 17' 50" East 335.48
feet; thence North 18° 35' 30" West 90.00 feet; thence South
71° 17' 50" West 335.00 feet to a line which bears North 18°
24' 45" West from the point of beginning; thence South 18° 24'
45" East along said line, a distance of 90.00 feet to the point
of beginning.
Drawn by: Prazmark
Typed by: Hoyt
Compared by: JP:mh
August 21, 1959
D-7680