HomeMy WebLinkAboutCC RESO 2017-149RESOLUTION NO. 2017 — 149
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
RATIFYING THE PURCHASE AND SALE AGREEMENT EXECUTED
ON JULY 11, 2017, AND AUTHORIZING THE PURCHASE OF REAL
PROPERTY LOCATED AT 420 WEST 21ST STREET FROM ISFAHAN, INC.,
FOR A TOTAL SALES PRICE OF $355,000 AND THE PAYMENT
OF CLOSING COSTS NOT TO EXCEED $2,000
WHEREAS, the real property located at 421 West 21st Street in National
City ("Property") is a long rectangular parcel that sticks out into an area that will be part
of the 4.4 acre expansion of Paradise Creek Educational Park; and
WHEREAS, the Property is key in creating proper access to the new park
and facilitating street improvements and drainage at West 21st Street and Harding Avenue;
and
WHEREAS, the Property was listed for sale at $355,000 and City staff
presented the opportunity to purchase the property in closed session on June 20, 2017; and
WHEREAS, the City Council provided direction in closed session on June
20, 2017 to begin negotiations and secure the purchase and sale of the Property subject to
City Council approval; and
WHEREAS, the City approached the listing broker and made an offer,
contingent on two factors: 1) the City could only pay the appraised value for the Property,
and 2) the City would have to obtain City Council approval of the purchase and sale of the
Property; and
WHEREAS, the property was appraised for $355,000 and the City entered
into a Purchase and Sale Agreement on July 11, 2017, contingent on City Council approval.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of National City hereby ratifies the Purchase and Sale Agreement executed on July 11,
2017, and authorizes the purchase of the real property located at 420 West 21st Street
from Isfahan, Inc., for a total sales price of $355,000 and the payment of closing costs not
to exceed $2,000.
BE IT FURTHER RESOLVED that the City Council of the City of
National City hereby authorizes the City Manager, Deputy City Manager, or designee
to execute any escrow documents necessary for the purchase of said Property.
[Signature Page to Follow]
Resolution No. 2017 — 149
Page Two
PASSED and ADOPTED this 1st day of August, 2 7.
on Morrison, Mayor
ATTEST:
Michael R. DaII.•', City Clerk
APPROVED TO FORM:
orris-J
Attorney
Passed and adopted by the Council of the City of National City, California, on August 1,
2017 by the following vote, to -wit:
Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
•.T .lt)
City Clerk of the City of Na onal City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2017-149 of the City of National City, California, passed and
adopted by the Council of said City on August 1, 2017.
City Clerk of the City of National City, California
By:
Deputy