HomeMy WebLinkAbout1995-05-16; Municipal Water District; Resolution 899..-
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RESOLUTION NO. 899
A RESOLUTION OF THE CARLSBAD MUNICIPAL WATER DISTRICT FOR
APPROVAL AND EXECUTION OF AN ESCROW AGREEMENT, TWO
GRANT DEEDS AND ONE QUITCLAIM AND GRANTING OF ONE
QUITCLAIM FOR LAND EXCHANGE TO CORRECT PAST DEEDING
ERROR IN BOUNDARY LINES OF SANTA FE I1 RESERVOIR
WHEREAS, in connection with the refinancing of Palomar Mobile Home Park
interests in the subject property leased from Farmers and Merchants Trust Company of Long
Trustee of the various trusts named on the first page of Escrow Agreement, a survey was per
their property in 1986 or 1987, which survey disclosed that an error had been made in cerl
appearing in the chain of title to the property, and the result of that error was that certain imp
on the Palomar Property were actually located on property owned by Carlsbad Municipal Wa
and that certain improvements constructed by the Carlsbad Municipal Water District were locatl
which had been deeded to Farmers and Merchants Trust Company of Long Beach, as Trustec
WHEREAS, in order to rectify the foregoing error, it was agreed with represl
Palomar Mobile Home Park Associates that deeds would be exchanged so that each of Palom;
Water District would own the property on which its respective improvements were located, and
is no money or other consideration being paid in connection with the exchange except for $6C
January 12, 1995, and charged to Water District Operating Expenses for escrow fees and recorc
to accomplish the exchange and recordation of the deeds in proper sequence; and,
WHEREAS, the Board of Directors of the Carlsbad Municipal Water District has d
it to be in the public interest to approve and accept the escrow agreement, two grant deed!
quitclaim deed and grant one quitclaim deed for land exchange to correct past deeding error in
lines of Santa Fe I Reservoir;
NOW, THEREFORE BE IT RESOLVED by the Board of Directors of the Carlsbad
Water District, as follows:
1. That the above recitations are true and correct.
2. That the Escrow Agreement, two Grant Deeds and two Quitclaim Deec
exchange to correct past deeding error in boundary lines of Santa Fe I Reservoir which are on fill
, Diego Title Company and the Secretary and are incorporated by this reference; are approved.
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1 3. That the President is authorized to execute the Escrow Agreemeni
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Quitclaim Deed to be placed in Escrow with the San Diego Title Company to cause the original 5
Deed, and the Secretary is hereby authorized to cause the original three Certificates of Accepi 4
Deed, and that the President and the Secretary are authorized to execute the granting of one 3
Secretary is authorized to execute a certificate of acceptance for the two Grant Deeds and one
6 be recorded in the Office of the County Recorder of San Diego County which the two original Gr;
7 and one original Quitclaim Deed will be returned to Carlsbad Municipal Water District and or
8 Quitclaim Deed will be returned to Palomar Mobile Home Park Associates following recordatiol
9 PASSED, APPROVED AND ADOPTED at a special meeting of the Carlsbad
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wit: 11
Water District held on the 16th day of MAY , 192, by the followir
12 AYES: Board Members Lewis, Nygaard, Kulchin, Finnila, Hall
13 11 NOES: None
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ABSENT: None
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ATTEST:
CLAUDE A. LEWIS, president
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(SEAL)
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CMWD 76-202
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