HomeMy Public PortalAbout86-129 (10-21-86)
SECTION 1. Approve the ten
acquisition of ten CALTRANS
development totalling $33,300,
$29,970 when due as follows:
A RESOLUTION OF' THE CITY COUNCIL OE THE C1'PY
OF' LYNWOOD APPROVING 'PHE PURCHASE OF' CERTAIN
REAL PROPERTI' F12OM 'PILE DEPARTMENT OF 1'RANS-
POR'1'A'fiON OF THE STA'1'E OF CALIFORNIA AND
AUTHORIZING E\ECU1'CON OF AGHEEMEN'1'S
WHL'RF:AS, on September 2, 1986, Council approved the
purchase of excess CALTRANS properti_cs for parkland
development for an amount not to emceed one million dollars;
and
WHEREAS, CALTRANS has offered to sell surplus
properties to the City as appraisals are completed, at E'ar
Market value for public purposes; and
WHEREAS, CALTRANS has completed appraisals on seven
surplus parcels and has offered to sell. them to the City ['or
$33,300; and
WHEREAS, CAL'I'RANS requires that a down payment of ten
percent (10%) of the sales price, $3,330, he submitl:ed
along with er:ecuted purchase sale agreements;
WHEREAS, the City is utilising CDBG funds for the
purchase of said surplus CALTRANS properties;
NOW, THEREFORE, the City Council of the City oI' Lynwood
does hereby determine, order and resolve as follows:
percent down payment for the
properties for parkland
and the remaining balance of
Parcel Total Cost S.F.
058423-01-01 $33,300 2,814
0584'14-01-01 2,877
058425-01-O1 2,509
058426-01-01 2,142
058427-01-01 1,775
058428-01-01 1,407
0584'29-U1-O1 1,040
058430-01-01 673
058431-01-01 295
058432-01-01 5
15,53/
SECTION 2. Approve
purchase sales agreements.
RESOLUTION NO. g6-129
Required
Down Payment
$3,330
the ehecution of the attached
and ADOP1'F.D this Z~ Sr day of
P'^
PASSED, APPROVEll
n~ror,P,• lsas.
/AT T E S T[/J/,~ ~ ~ (~~
ANDREA L. HOOPER, City Clerk
City of Lynwood
ROBERT HENNING, MAY
City of L,vnwood
APPROVED AS TU CONTENT:
~~~-.~~~
VICEN'PE L. h1AS, Director
Community Development Department
APPROy~D AS 'PO FORM:
/ ~~
• ~C
CI Y AT4 RNEY ~ ,
(~J~!zzP ~~~~
ACCOU TING MANAGER
STATE OF CALIFORNIA )
ss.
COUNTY OP LOS ANGELES)
I, the undersigned City Clerk of the City of Lynwood, ~
i
do hereby certify that the foregoing resolution was passed and ~
adopted by the City Council of the City of Lyntivood at a regular
meeting held on the 21st day of October 1986.
AYES: COUNCILPERSON BYORK, MORRIS, WELLS, HENNING
NOES: NONE
ABSENT: NONE
City Clerk, City o_ Ly aood