HomeMy WebLinkAbout1971-03-02; City Council; 370; Purchase Elm Ave. Reservoir Site Group Ten PropertyC A R L S B A C, * CALIFOR
'-
Date: March 2, 19'
Referred To:
Hunter T. CI
City Engine1
March 2, 1971
e
Da te:
* r- a
AB No. 370
7,
City Nanaqer's Reconmendation
Concur with recommendation of City Engineer.
Council Action
3-2-71 Council adonted mction apnroving Exhibit #2 and directinq i Engineer to continue acauisition of the proDerty in accordance ther
as recommended by Enqineering Staff.
-2-
G F OUP TEN INVESTMENT P w -+: -
'.+X -
DEAfELOPMENT CORPORATI
A California Corporati
14621 Greenworth Drive
Lrs Mirarla, C8'lihdS
FftbrUary 26, 1971
Mr, Hunter T, Cook
City Engineer
City of Carlsbad
1200 Elm Avenue
Czrlsbad, California 92001
SUBJECT: klemorandurn Ayi'eement, Purchase and Sale of
Real, Estate
Dear Sir:
The undersigned, herein referred to as "sellers", are the
OWnerS of the following described real property, to wit:
That property more particularly described on
Attachments 1, 2 and 3, attached hereto and made
a part hereof.
W@ have been inforced that the City intends to acquire the
subject property under its power of eminent domain, for the
purpose of constructing a water storage reservoir and
appurtenant water lines.
The City has offered to purchase the property from us for
the sum of $12,600 for Parcel 1 and the sum of $1,900 for
Easements No. 13(b), 13(c), and Parcel 25, as described in
Attachments 2 and 3, and we wish to accept said offer.
The City and sellers agree to the following terms and condil
tiQnS:
k. The City agrees to pay to the order of the under-
signed sellers the sum of $14,500 within thirty
(30) days after title to the above described prop-
erty has vested in the City, free and clear of
all. liens, encumbrances, easements, assessments
and leases (recorded or unrecorded)
t:
f c v February 26, b37L Hunt-er T. Caak
Page Two
2. city agrees to assume the expense of obtaining
transfer of title and any deed transfer tax and
filing the necessary parcel map.
Any installment of County and City taxes or any
special assessment which is payable at the time
title to the property is transferred to the City
shall Be paid by Sellers.
to deduct the amount of any such taxes or special
assessments, together with any accrued penalties
and interest thereon, from the balance of the
purchase price fox said property and to pay said
has nat been previously paid by Sellers.
Sellers have executed a grant deed and two easement
deeds dated r
1971, which convey the above Bescribed property to
City, and Sellers authorize the City to record said
deeds ox Sellers shall immediately execute said deed:
describing the above describer? property and shall
deliver said deeds to the City forthwith.
authorize the City to record said deeds,
3.
City shall be authorized
amount to the County Tax Collector, if the game
4.
Sellers
CITY OF CARLSBAD
Dated: 1971 By
Seller
Seller