HomeMy WebLinkAboutCity Council - 5773 RESOLUTION NO. 5773
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF HUNTINGTON BEACH AUTHORIZING
THE CITY ADMINISTRATOR TO DELIVER WRITTEN
NOTIFICATION TO S.B.E. FINANCIAL CORPORATION
OF THE CITY 'S INTENT TO EXERCISE THE OPTION
TO PURCHASE THE OCEANVIEW MUSHROOM GROWERS
PROPERTY - PHASE III AND AUTHORIZING THE
MAYOR TO EXECUTE ALL INSTRUMENTS IN
CONNECTION THEREWITH
WHEREAS, the City of Huntington Beach and S.B.E. Financial
Corporation have entered into a Real Estate option agreement
effective August 5, 1985, for the purchase of Oceanview Mushroom
Growers Property Phase III ; and,
Such agreement provides that the optionee, City of
Huntington Beach, deliver notification of its intent to exercise
the option between May 1, 1987 and July 1, 1987; and,
The City wishes to exercise such option to purchase the
real property according to the terms and conditions contained
therein,
NOW THEREFORE BE IT RESOLVED, that the City Council of the
City of Huntington Beach hereby declares its intent to exercise
the option to purchase the Oceanview Mushroom Growers property -
Phase III according to the terms and conditions contained in that
certain agreement between the City of Huntington Beach and S.B.E.
Financial Corporation dated August 5, 1985 .
BE IT FURTHER RESOLVED, that City Administrator is hereby
authorized to cause to be delivered written Notification of the
City' s intent to exercise the option and that the Mayor of
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Huntington Beach is hereby authorized to execute any and all
instruments necessary and proper in connection therewith.
In ie
ATTEST: APPROVED AS TO FORM:
City Clerk i
_g�7ty Attorney
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REVIEWED PROVE : INIT ED D AP OVED:
Admin1 r a t o r u C dministrat
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Res. No. 5773
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF EMINGTON BEACH )
I, ALICIA M. WENTWORTH, the duly elected, qualified City
Clerk 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 4th day
of May 19 87 by the following vote:
AYES: Councilmen:
Winchell, Finley, Kelly, Erskine, Green. Bannister
NOES: Councilmen:
None
ABSENT: Councilmen:
Mays (out of room)
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California