HomeMy WebLinkAboutReso 15-1989 RESOLUTION NO. 15-89
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING AMENDMENT 0-3
TO THE 1988-89 OPERATING BUDGET
WHEREAS, the City Council has approved the purchase of tax defaulted
property on Sylvester Road, Parcel No. 015-031-160;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South
San Franciisco that it hereby approves the appropriation of $100,000 from the
General Fulnd to the nondepartmental portion of the operating budget.
I hereiby certify that the foregoing Resolution was regularly introduced
and adopte!d by the City Council of the City of South San Francisco at a
regular i meeting held on the 25th day of January , 1989 , by
the followiing vote:
AYES: Councilmembers Mark N. Addiego, Jack Drago, Richard A. Haffey,
Gus Nicolopulos, and Mayor Roberta Cerri Tegiia
None
NOES:
ABSTAIN:
None
ABSENT: None
City Clerk
AGREEMENT TO PURCHASE TAX-DEFAULTED PROPERTY
T~ Agreement i s ~ade this
day of , 19
· by and between
the Board of SuperVisors of San Mateo County, State of California, and the City of South San
Francisco ("PURCHASiER"), pursuant to the provisions of Division I, Part 6, Chapter 8, of the
Revenue and Taxation Code.
The real property situated within said county, hereinafter set forth and described in Exhibit
"A" attached hereto and made a part hereof, is tax-defaulted and is subject to the power of
sale by the tax col~lector of said county for the nonpayment of taxes· pursuant to provisions
of law.
It is mutually agreed as follows:
that as provided by Section 3800 of the Revenue and Taxation Code, the
cost of giving notice of this agreement shall be paid by the PURCHASER,
and
that the PURCHASER agrees to pay the sum of $100,000.00 for the real
property described in Exhi=it "A" within 270 days after the date this
agreement becomes effective, which shall be the date it is fully
executed. Upon full payment of said sum to the tax collector, the tax
collector shall execute and deliver a deed conveying title to said
property to PURCHASER. Payments will be made according to the schedule
and terms of paragraph 3 below.
Purchase price of $100,000.00 to be paid in four equal payments of
$25,000.00 each. The first payment to be made when Agreement is
executed, the second payment to follow three months after the date of
the first payment, the third payment six months after the date of the
first payment and the last payment to be made nine months from the
date of the first payment.
This agreement snaill be null and void if all or any portion of the property is redeemed prior
t~)__tne effective diate of this agreement. This agreement shall also become null and void and
t right of recemption restored upon the PURCHASER'S failure to comply with the term and
¢ ditions of this agreement· Time is of the Essence.
agen?~,
ATTESTi
Cify of ~outh San Franri~rn By
(pUrchaser)
(seal)
ATTEST:
Clerk of the
}oard of Supervisors
By By
Deputy
(seal)
BOARD OF SUPERVISORS
San Mateo
PresiJ~nt
COUNTY
~n~f
,TTEST:
Pursuant to the provisions of Section 3775 of the Revenue and Taxation Code the governing body of the City
South San Franc i sco hereby agrees to the selling price as provided in this agreement.
CITY OF South San Francisco
By
C~ty Clerk Mayor
By
Deputy
(seal)
This agreement was submitted to me before execution by the board of supervisors and I have compared the same with
the records of , San Mateo County relating to the real property described therein.
Pursuant to the provisions
selling price hereinbefore set forth and approves the foregoing agreement this
,19~
San Mateo County Tax Collector
of Sections 3775 and 3795 of the Revenue and Taxation Code, the Controller agrees to the
day of
BY
NOTE: EXHIBIT "A" MUST BE ATTACHED TO THIS FORM
STATE CONTROLLER
EXH I B I T "A"
PARCEl,
015-031 - li60
DESCRIPTION
I Ac Mol on Bayshore Freeway
Com 552.24 Ft Nly Frm S P Co
R/W Ptn of Parcel 17
ASSESSORS MAP OF S S F 26
CITY OF SO SAN FRANCISCO
FIRST YEAR
DELINQUENT
1978
DEFAULT
NUMBER
998
PURCHASE
PRICE
$100,000.00