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HomeMy WebLinkAboutReso 3315-1961RESOnUTION NO. 3315 A RESOLUTION ACCEPTING DEED CONVEYING FEE TO RIGHT-OF-WAY FOR EAST HARRIS AVENUE AND A PORTION OF HARBOR WAY WHEREAS UTAH CONSTRUCTION & MINING CO. (formerly Utah Construction Com- pany, a corporation), a Delaware corporation (hereinafter, for purposes of conven- ience, referred to as "Corporation"), is willing to convey to the City of South San Francisco the fee title to the right-of-way for that certain public street known as "East Harris Avenue" and also the fee title to a portion of the right-of-way for the public street known as "Harbor Way" in return for said City's paying to Corporation a reasonable sum therefor; and WHEREAS it is in the best interests and welfare of the City of South San Francisco that the fee title to the aforesaid rights-of-way be acquired, provided that the same can be purchased for a reasonable sum; and WHEREAS it appears that the reasonable value of the aforesaid rights-of- way is Twelve Thousand One Hundred Dollars ($12,100.00), as determined by the ap- praisal made by Ralph F. Clark, a duly licensed and qualified appraiser of land, NOW, THEREFORE, BE IT RESOLVED by the City Council of Said City that said City shall, and it hereby does, accept that certain duly executed and acknowledged Grant Deed dated the 6th day of November 1961, whereby Corporation does convey to said City fee title to the rights-of-way mentioned iu the premises hereto, and that said City pay to Corporation in return therefor the sum of Twelve Thousand One Hun- dred Dollars ($12,100.00); provided, however, that Corporation shall, at its own expense, furnish to the City of South San Francisco a policy of title insurance in- suring iu said City good and marketable tit~ to said rights-of-way. BE IT FURTHER RESOLVED that the City Clerk of said City be, and he hereby is, directed to cause said Grant Deed, to~ether with a certified copy of this reso- lution and a draft of the City drawn in the sum of Twelve Thousand One Hundred Dollars ($12,100.00) (charged to the Harbor Way Assessment District's Fund) to be forwarded to the Redwood City Office of California Pacific Title Insurance Company, with in- structions to record said Deed and the certified copy of this resolution at such time as it is prepared to, and does, issue, at the expense of Corporation, its policy- of title insurance, insuring in the City marketable title to the aforesaid rights-of- way, whereupon said title insurance company may deliver to Corporation said sum of Twelve Thousand One Hundred Dollars ($12,100.00) . 306 RESOLUTION NO. 3315 (Continued): I hereby certify that the foregoing resolution was regularly introduced and adopted at a regular meeting of the City COuncil of the City of South San Francisco held ou the 6th day of November 1961, by the followin~ vote: Ayes, Councilmen Noe s, Absent, " G. J. Rozzi, Patrick E. Ahern, Emilio Cartesi, Andrew Rocca and Leo J. Ryan. None. None. ATTEST: ARTHUR A. RODONDI City Clerk