HomeMy WebLinkAboutR-6125 148-182 Higuera - Excercise Purchase Option from EvansRESOLUTION NO. 6125 (1986 Series)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS
OBISPO CONFIRMING EXERCISE OF THE.OPTION TO PURCHASE PROPERTY
OWNED BY LORRAINE EVANS AND THE ESTATE OF
GERALD B. EVANS AT 148 -182 HIGUERA STREET
WHEREAS, on November 19, 1985, by Resolution No. 5819 (1985 Series)
the City acquired an Option to purchase property owned by Lorraine Evans
and the Estate of Gerald B. Evans located at 148 -182 Higuera Street, San
Luis Obispo, California ( "Evans property "); and
WHEREAS, the City must acquire a portion of the Evans property to
widen Higuera Street, which widening is slated for fall of 1987; and
WHEREAS, on August 5, 1986, by Resolution No. 6046 (1986 Series) the
City approved an agreement, contingent upon the City exercising the Option
to purchase Evans property, to sell the remainder portion of the Evans
property that is not necessary for street widening purposes, to Paul and
Jacqueline Prather; and
WHEREAS, on October 7, 1986, in closed session, the Council
determined, by consensus, to acquire the Evans property by exercising the
Option, and directed the City Administrative Officer to exercise the
Option on behalf of the City of San Luis Obispo; and
WHEREAS, the City Administrative Officer did exercise the Option on
November 3, 1986, on behalf of the City of San Luis Obispo; and
WHEREAS, Ticor Title Insurance Company, as a condition to consummating
the transaction between the City of San Luis Obispo and Lorraine Evans and
the Estate of Gerald B. Evans, has requested a resolution confirming the
exercise of the Option.
NOW.THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo as follows:
R 6125
SECTION 1. The Council hereby confirms that it authorized the City
Administrative Officer to exercise the Option to purchase the Evans
property on November 3, 1986.
SECTION 2. The Mayor is authorized to execute all necessary documents
to facilitate the purchase of the Evans property, and the sale of the
remainder portion of the Evans property.
SECTION 3. The City Clerk shall furnish a copy of this Resolution
to: Finance Director, Public Works Director, and City Attorney.
On motion of Councilman Settle , seconded by Councilwoman
Rappa , and on the following roll call vote:
AYES: Councilmembers Settle, Rappa, Dovey, Griffin and Mayor Dunin
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this.-2nd day
of December , 1986.
"PMVO—R RON DUNIN
2."L ( " C-1
CITY CLERK PAMELA V ES
s* s s s s s s s s s
APPROVED:
Cify Administrative Officer
City At rney
Public Works Director
4g&4 S./
F an oW Di ector
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