HomeMy WebLinkAbout1970-07-13; City Council; 146-1; SALE - SURPLUS CITY PROPERTY AKA RESERVOIR NO. 3C A L -T F 0 R f.
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THE C.r.'Y 0 F CARLSBAD,
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Agenda Bill NO. Dater July 13, 1970
Referred To:
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Subject: Subnii tted Bg ?*
Sale---SurPl us City Property h'illiac I MA Reservoir ilo. 3
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Statement of the Matter
The Water Committee recommended to the City Council that subj
property was not necessary to our water system and could be sold. The City Council ordered the Purchasing Departrcent to advertise th property for sale. Advertisement was placed in the Carlsbad Journ
and appeared in four issues without producing an inquiry. Purchas
Carlsbad Board of Realters Multiple Listing Service. Council conc and the property was listed at the' Water Committee price of $7,500
then recomrdended -to the Council the property be listed with the
Exhibit
1. Flap showirig Lot Split of property (subject to City approval) a condition of sale.
2. Copy of Real Estate Purchase Contract and Receipt for Deposit.
Staff Recommendations ---~
1. An offer of $7,500.00 cash has been received from Cal K Realty subject to conditions as shown on Exhibit 2--requiring a varia for the panhandle lat (the applicant being the City with the b named. )
2, The City Attorney could be instructed to draw the deed, and or( a Policy of Title Insurance saving the City's share of escrow (
(P. of T. Ins.--79.00, DOC Stamps--8.25, Drawing of Deed--3.50
C i t y n e t - - $6 , 9 5 0 . 0 0 .
3. The listing is signed at 6% commission or $450.00 while the of
reflects the customary 10% or $750.00. The City should hold original 1 i sting.
4. blith the above conditions I recommend the sale..
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AB Nc. Date: July 15, 1970 ,
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City Manager’s Recomnendation --
It is recommended we accept the offer of Cal K Realty, Inc. for
this parcel of surplus city property and instruct the City Attornel to draw the deed and order a policy of title insurance.
Co unci 1 Action
7-21-70 - The net offer of $6,950 for purchase of the property was accepted and the City Attorney was instructed to draw the Deed and order the Policy of Title Insurance.
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