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CC RESOLUTION 198T -- RESOLUTION NO. 198 A RR30ZUTION OF THE CITY COULCI! OF THE CITY OF E! SEGUNDO, CALIFORNIA, AUTHORI "ING AND DIR:CTIM THE EXECUTION, DELIVERY AND PAYIENT OF VARIOUS NARRANTS ON THE CYPRESS AND OTHER 3TRE?.TS 02ENING FUND TO VARIOUS PERSONS, AS THEREM DESCRIBED, FOR VARIOUS PROPERTIES TO BE ACQUIRED FOR PUBLIC STREET PURPOSES, AND AUTHORISING AND DIRACTIDi THE CITY CIERK OF SAID CITY TO CAU65 SUCH DEEDS AS ITY NOW BE iN HIS POSSESSION AND AS HEREINAFTER SPECIFICALLY SET FORTH, GRANTING TO THE CITY OF EL SEGUNDO, CALIFORNIA, FOR PUBMC STREET PURIOSE3, THE REAL PROPERTY DESCRIBED It SUCH DEEDS AND 43 R QUIRED BY SAID CITY, PURSUANT TO THE PR07ISIONS OF RESOMUTION OF INTENTION NO. 154, TO BE ACCEPTED ON BEHALF OF SAID CITY AND FILED FOR RQCORD IN THr, OFFICE OF TH, COUNTY RECORDE3 OF LOS ANGEL`'3 COUNTY, CALIFORNIA. MREA), it nru appears that there are funds in the Cypress Y0 other street., op(nin; fund, as contemplated in the proceedings instituted under Resolution of Intention No. 154 of the legislative body of the City of El Segundo, California, sufficient for the expenditures hereinafter referred to; AND, 7HEREA3, it appears that the public interest and nece4sity of said city require that the various propert- ies hereinafter referred to should be acquired for public street parposes at the earliest convenient time; AND, UH -R?!3, deeds to the various properties hereinafter described have been tendered to said city for the considerations as hereinafter expressed enabling sail' 1- city to acquire said properties for public street purposes as contemplated under said proceedings; NOW, TaRF?ORF , BE IT R;'SOLVFD AS POLLO +','S : SECTION 1. That upon proper demand therefor, warrants for the respective amounts hereinafter set forth after the respective properties hereinafter described, be prepared, executed on behalf of said city by the Commis-9- ioners for the laying out and opening of Cypress and other streets and the proper officers of said city, on the Cypress and other streets openinf* fund of said city, and delivered respectively to the respective owners of the said respective properties hereinafter described upon receipt of conveyances of said respective properties to said city, enabling said city and the public thereof to make use of said respective: properties as contemplated under the proceedings above referred to. SECTION 2. That upon the execution of said warrants the City Clerk of said city shall be and he is hereby authorized and instructed to make delivery of said respective warrants to the persons respectively entitled to the same when satisfied by the report o-,'/responsible title company of the City of Los Angeles, California, that the deeds tendered said city actually convey to said city the respective properties hereinafter referred to for the purposes as contemplated under said proceedings, and that said warrants when so delivered be paid out of said fund upon presentation thereof. SECTION 3. (1) That that certain street deed dated the 12th day of July, A. D., 1928, from Oliver R. Stratton and Edith Td. Stratton, his wife, to the City of E1 Segundo, California, conveying to said city the property in the City of El 3egando, County of Los .Angeles, State of California, hereinafter described, to -wit: 2- 13C The Northerly 40 feet of hot 12, Block 106, E1 Segundo Sheet No. 3, in the City of E: Segundo, recorded in Boon 20, Pages 22 -23 of iviaps, :?ecords of Los Angeles County, California, on file in the office of the County Recorder of said County, for the sum of "i 875.00 , be and the same is hereby accepted on behalf of said city, and the City Clerk of said city is hereby authorized to deliver a vvarrant for the sum of w 875.00 _ to the grantors named in said deed or their order, in full payment for said deed and property. That that certain Partial 2econveyanee, dated the 18th day of July, 1928, from Title Insurance and Trust Company, a corporation of Los Angeles, California, as Trustee under Deed of Trust made by Oliver R. Stratton and Mrs. Oliver R. Stratton, Trustors, and reconveying the property hereinafter described, to-wit; The Northerly Forty-five (45) feet of Lot Twelve (12) in Block One Hundred Six (106) Sheet 3, df E1 Segundo Tract, as per map recorded in Book 20, Pages 22 & 23 of Maps, in the office of the County Recorder of said County, and releasing the premises described in said deed from the lien of that certain deed of trust recorded on the 2nd day of February, 1916, in Book 6212, Page 110 of Deeds, in the office of the County Recorder of Los Angeles County, Cali- fornia, be and the same is hereby accepted on behalf of said city. (2) That that certain Partial Release of Mort- gage dated March 17th, 1928, fron, S. S. Carter and ivirs. Billie E. Carter, his wife, releasing the real property hereinafter described, to -wit; The Northerly 40 feet of Lot 11, Block 13, Tract 1685, in the City of El Segundo, re- corded in Book 21, Page 98 of Mans, on file in the office of the Recorder of Los Angeles County, California, M from the lien of a certain mortgage executed on the 11th day of February, 1914 by E. C. Hunter, in favor of S. S. Carter and 'Lillie E. Carter, his wife, €.nd regis- tered July 31, 19-.4, in Document No. F69 and entered on Certificate of Title No. 257016 in the office of the Registrar o Titles of Los Angeles County, California, - be and the same is hereby accepted on behalf of said city. SECTION 4. The said City Council hereby de- termines that the action herein taken is required by the public interest, convenience and necessity of said city. SECTION F. The City Clerk shall certify to the passage and adoption of this resolution; shall cause the same to be entered in the Book of Resolutions of said City of E1 Segundo, and shall make a minute of the adoption thereof in the records of the City Council of said city, in the minutes of the meeting at which the same is passed and adopted. Passed, approved and adopted this 27th day of July, A. L., 1926. 130 " — Z�Lf ZL-2:�- Layor of the City of El 6� Fnndo, California. (SEAL) 4- STATE Or CALIFORNIA, ) COUNTY OF :.OS AVIFIE5, ) 38. ) CITY OF EL 3FGULW. } I, Victor L. McCarthy, City Clerk of the City of El Segundo, California, do hereby certify that the whole number of members of the City Council of the said city is five; that the foregoing resolution, being 2e- solution No. 198, was passed and adopted by the said City Council, approved and signed by the Mayor of said city, and attested by the City Clerk of said city, all at a regular meeting of the said council held on the 27th day of July, 1926, and that the same was so passed and adopted by the following vote: AY_"S: Councilmen, Gerow, Krismel, Love, Selby and Binder; NOES: Councilmen, done; AWKNO Councilmen, None. (axaz) 1300, VSUl 0,01y. V1 U110 V1 Uy VL 1.1 Segundo, California. 5-