HomeMy WebLinkAbout66-27OR C-.,INAL,
RESOLUTION NO. 66-27
RESOLUTION AUTHOR~ZgNG EXERC,SE Sr
OPTION AGREEHENTS ACQUgRgNG PROPERTY
FOR PARK,NG PURPOSES OF PARKgNG
D~STR:CT NO. l; AUTHORIZING TRANSFER
FROM GENERAL FUND; AND AUTHORIZING
:SSUANCE OF WARRANTS.
The City Council of the City of Ukieh does hereby
,,
RESOLVE:
That the City Attorney is authorized and directed, on
behalf of the City of Ukiah to exercise the following option
agreements for the purpose of acquiring properties for parking
purposes for Parking District No. I of the City of Ukiah:
Michael Hendrickson, et ux
John Romero
Wm. E. Hildreth, et ux
Marjorie Richardson
Ruth Evans
Ernest M. Perry, et ux
Willard James Broaddus
O__ption Date Price
7-8-65 $ 25,000o00
7-8=65 15,900.00
7-8-65 16,000.00
7-8-65 14,000.00
7-8-65 17,500.00
7-8-65 16,000.00
7-8-65 15,300.00
and to establish escrows for each said properties in the
Western Title Guaranty Company pursuant to said option
agreements.
The Treasurer and Director of Finance are authorized and
directed to transfer the sum of $113,~50.00 from the General
Fund to the Parking District Fund. Such transfer shall be
deemed to be a loan to such fund pursuant to Section 35108.5
of the Stree~and Highways Code to be repaid from the pr,aceeds
of any ~oads sold on b~ha!f oF said District.
General Warrants numbered 868~874, inclusive, ,~r~ her~
approved and authorized to be issued in: t~e ~bov~ emo:~nts
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except that Warrant No. 872 for the Evans property is approved
in the amount of $5,000.00 as per the option agreement.
PASSED AND ADOPTED this 8th day of December~ 1965 by the
following vote:
AYES: Councilmen Norgard, Scotto, Harlowe and Mayor Buxton.
NOES: None.
ABSENT: Councilman Crook.
ATTEST:
C I lY CLERK
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