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HomeMy WebLinkAboutReso 33-1987 RESOLUTION N0.33-87 CITY C~UNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A! RESOLUTION AUTHORIZING THE PURCHASE OF REAL ESTATE CYPRESS AND MILLER AVENUES AND FOURTH LANE (APN 012-315-076) WHEREASi, by Resolution No. 3-87 the City Council, upon recommendation of the ParkingI Place Commission, authorized the expenditure of $250,000 from the Parking Disirict for the purchase of real property located at Cypress and Miller AvenOes and Fourth Lane (APN 012-315-076), subject to certain terms and conditions as reflected in the offer to purchase; and WHEREASi as a result of subsequent negotiations various terms of the sale have been a~tered as follows: 1. The City is purchasing the property under the threat of eminent domain for a sales price of $275,000 cash lump sum. 2. The Seller is responsible for conveying the property to the City free of all lease encumbrances and tenants. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San FrancisCo that it approves of the purchase of the property at Cypress and Miller Avem~es and Fourth Lane for $275,000 subject to the terms noted above, and authorizes the City Manager to execute all necessary documents to complete the purchase of the real estate on behalf of the City. BE IT FURTHER RESOLVED that upon completion of the transaction and the transfer oflthe deed, the City Clerk is directed to cause recordation of the deed in thelmanner provided by Civil Code Section 1169 et seq. I hereiy certify that the foregoing Resolution was regularly introduced and adoptec by the City Council of the City of South San Francisco at a regular meeting held on the 8th day of April , 1987 , by the following vote: AYES: ¢ouncilmembers John "Jack" Drago, Richard A. Haffey, Gus Nicolopulos, ~oberta Cerri Teglia, and Mark N. Addiego NOES: §one ABSENT: lone -2-