HomeMy Public PortalAboutResolution 62-228RESOLUTION NO. 62 - 228
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMPLE CITY AUTHORIZING PREPARATION OF DOCU-
MENTS FOR THE PURCHASE OF THE AMERICAN LEGION
PROPERTY LOCATED AT )941 NORTH GOLDEN WEST,
TEMPLE CITY, AS PART PERFORMANCE OF CITY'S
OBLIGATIONS UNDER JOINT POWERS AGREEMENT WITH
COUNTY OF LOS ANGELES RE CONSTRUCTION OF NEW
COUNTY LIBRARY FACILITY
WHEREAS, the City of Temple City and the County of Los An-
geles have heretofore entered into a Joint Powers Agreement
respecting the construction of a new County Library Facility
and acquisition by Temple City of the present County Library
Facility as a new City Hall, and
WHEREAS, one of the terms of the aforesaid agreement pro-
vides that the City shall acquire that certain real property
located at5941 North Golden West, Temple City, known and here-
inafter referenced as the American Legion property, and
WHEREAS, a price, mutually agreed upon has been arrived at
between the American Legion and the City, and certain terms and
conditions arrived at.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TEMPLE CITY
DOES RESOLVE AS FOLLOWS:
SECTION 1. The City does hereby determine that a fair apd
reasonable consideration to be paid for the aforedescribed
American Legion property, including land and improvements, is
the sum of Thirty Seven Thousand, One Hundred Sixty Dollars
($37,160.00).
SECTION 2. Possession of said real property is not re-
quired by the City until January 2, 1963 and since the American
Legion does not have premises in which to move at the present
time an element of consideration agreed upon is that the Ameri-
can Legion retain possession of the subject premises until same
shall be demolished or sold but no later than January 2, 1963,
subject to (1) the American Legion maintaining its present fire
insurance upon the Legion Hall building for the benefit of the
City of Temple City until possession is surrendered by the
American Legion, and (2) the American Legion obtain and have in
full force and effect at all times personal liability insurance
protecting the City as to the use by the American Legion of the
above described American Legion property in a sum of not less
than $300,000.00 to cover any one accident and with coverage' of
$100,000.00 upon any one person and with $5,000.00 property
damage.
SECTION 3. The American Legion, as further consideration
for entering into its agreement with the City to sell the afore
described property shall have the right of first refusal to
purchase the buildings upon the subject real property at such
price as shall be offered by any bona fida purchaser for value
upon the following terms and conditions:
(a) The City shall offer the building for sale (excluding
items which by law are denominated as fixtures) on or before
Nobember 1, 1962. All offers shall be made upon the basis of
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of completely removing all foundations, concrete slabs and con-
crete porches constituting a part of the building.
(b) Bids for the building shall be received on or be-
fore November 15, 1962.
(c) The American Legion shall be notified in writing
within three days after opening of the bids of the highest bona
fida bid.
(d) The American Legion shall have until December 1,
1962 to meet the aforesaid high bid, and pay the price of same
to the City.
(e) Irrespective of who shall acquire the building,
by the highest bidder (which phrase shall include the American
if it exercises its rights herein) the building (including the
concrete above referred to) shall be removed from the said
property by December 21, 1962, and if for any reason after ac-
ceptance of bid by the City the building (and concrete) is not
removed by December 21, 1962 the City shall cause the building
(and concrete) to be removed at the bidder's expense.
SECTION 4. The American Legion shall furnish the City with
a policy of title insurance issued by the Title Insurance and
Trust Company, in the total sum of $37,160.00.
SECTION 5. The American Legion shall cause any and all
necessary resolutions to be adopted by its governing body ap-
proving the proposed sale and authorizing its properly desig7
nated officers to execute any and all documents as shall be
reasonably required by the City to effectuate said sale.
SECTION 6. The City shall pay the consideration of
$37,160.00 forthwith upon the American Legion furnishing to the
City the aforesaid policy of title insurance and delivering to
the City its deed and such other documents as may be required
by the City Attorney to convey title to the said real property
to the City, subject to such easements, covenants and condi-
tions of record, which shall each and all be subject to approv-
al by the City Attorney.
SECTION 7. The City Attorney is hereby directed to prepare
all necessary resolutions and other documents as shall be re-
quired to legally complete the purchase by the City of the
aforedescribed real property pursuant to the terms hereinabove
set forth so that the City Council may by proper resolution
authorize the Mayor and City Clerk to execute the said documents
at its next regular meeting on August 27, 1962.
SECTION 8. The City Attorney is hereby authorized to handle
the purchase of the American Legion property through his office,
without escrow.
PASSED and ADOPTED th .:n Sth day of August, 1962.
ATTEST:
e City,
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e City, -CaIii .
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