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RESOLUTION NO. 5219
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON
BEACH APPROVING THE SALE OF CERTAIN SURPLUS REAL PROPERTY
TO THE HUNTINGTON BEACH REDEVELOPMENT AGENCY
WHEREAS, the City Council of the City of Huntington Beach has previously
declared a 10-acre parcel of land north and adjacent to Terry Park, between
Talbert Avenue and Taylor Drive, surplus and stated its intention to sell said
City-owned-property; and
WHEREAS, said 10-acre parcel is located within the Talbert-Beach Redevelop-
ment Project Area and is proposed to be acquired by the Huntington Beach Redevelop-
ment Agency for redevelopment purposes,
NOW, THEREFORE, the City Council of the City of Huntington Beach does re-
solve as follows:
Section l: The City Administrator is hereby authorized and directed to have
prepared for the Mayor's signature the appropriate documents needed to convey to
the Huntington Beach Redevelopment_Agency the surplus property more particularly
described as follows:
Parcel 1:
The south half of Block C and the north three hundred (300) feet of Block D
of Tract 570, as shown on a map recorded in Book 19, Page 71 of Miscellane-
ous Maps, records of Orange County, California.
Parcel 2:
The south half of the east half of the northeast quarter of the northwest
quarter of the northeast quarter of Section 35, Township 5 south, Range 11
west in the Rancho Las Bolsas, as shown on a map recorded in Book 51, Page
7 and following of Miscellaneous Maps, records of Orange County, Calfforni;a.
Excepting therefrom all minerals, gas, oil , petroleum, naptha and other
hydrocarbon substances in and under said land, together with all necessary
and convenient rights to explore for, develop, produce, extract and take
the same subject to the express limitation that any and all operations
for the exploration, development, production, extraction and taking of any
of said substances shall be carried on at levels below the depth of 500
feet from the surface of said land by means of mines, wells, derricks
and/or other equipment from surface locations on adjoining or neighboring
land lying outside the above described land and subject further to the
express limitation that the foregoing reservation shall in no way be
interpreted to include any right of entry in and upon the surface of
said land.
Parcel 3•
The east 10 feet of the northwest quarter of the northeast quarter of the
northwest quarter of the northeast quarter of Section 35, Township 5 south,
Range 11 west.
Section 2: The City Administrator is hereby authorized and directed to
sell said surplus property to the Huntington Beach Redevelopment Agency for
p p p Y 9 p 9 Y
fair market value which is determined to be $2,750,000. The Agency will com-
pensate the City for said conveyance from, and at the times Agency receives,
the proceeds from the sale of the 5-acre industrial site and from future tax
increment dollars. A ten percent (10%) annual interest rate shall be applied
to any unpaid balance of the original sales price from the date that the
Redevelopment Agency accepts the conveyances of the property until the full
sales price is paid.
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PASSED AND APPROVED by the City Council of the City of Huntington Beach,
California at a regular meeting thereof held on the 7th day of February ,
1983.
ATTEST:
yClerk-' Mayor
INITIATED AND APPROVED AS TO CONTENT: APPROVED AS TO FORM:
F
Director, Business and Industrial C ty Attorne
Enterprise
APPROVED:
City Administrator
Res. No. 5219
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, ALICIA M. WENTWORTH, the duly elected, qualified City
Cldrk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of more than a majority of all the members of said City Council
at a regular meeting thereof held on the 7th day
of February 19 83 by the following vote:
AYES: Councilmen:
Pattinson, Thomas, MacAllister, Mandic, Finley, Bailey, Kelly
NOES: Councilmen:
None
ABSENT: Councilmen:
None
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California