CC RESOLUTION 4079RESOLUTION NO. 4 0 7 9
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EL SEGUNDO, CALIFORNIA DECLARING REAL
PROPERTY LOCATED AT 160 SOUTH SEPULVEDA, EL
SEGUNDO TO BE SURPLUS PROPERTY AND
ORDERING ITS SALE
THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1: The City Council of the City of El Segundo (hereafter "City ") hereby finds,
determines and declares as follows:
a. The City of El Segundo owns the property located at 160 South Sepulveda
Boulevard, El Segundo, California, located near the southeast corner of El
Segundo and Sepulveda Boulevards (hereafter "Property"). The major portion of
the property is covered with an asphalt -paved parking lot, which provides
parking for the adjacent shopping center. A legal description of the Property,
which consists of approximately thirty nine thousand, nine hundred and one
(39,901) square feet as shown on Parcel Map No. 17749, recorded in Book 207,
Page 58, in the office of the County Recorder of the County of Los Angeles,
State of California, is attached hereto as Exhibit "A" and incorporated herein by
this reference.
b. The Property is no longer necessary for the City's use and its sale will provide a
public benefit to the City for including, but not limited to, the following reasons:
the proceeds of the sale of the Property will provide the City with additional
revenues to address other public needs within the City.
C. The Property has previously been offered for sale as required by state law.
d. An appraisal for the subject property was previously prepared by R.P. Laurain &
Associates establishing the fair market value for the property.
e. The El Segundo Planning Commission has previously found that the proposed
sale is consistent with the General Plan.
SECTION 2. The City Council of the City hereby authorizes the City Manager or his /her
designee to commence with the sale of the ,Property, subject to Council approval of the sale
price and other terms of sale.
SECTION 3: The City Clerk shall certify to the passage and the adoption of this
Resolution; shall enter the same in the book of original resolutions of said City; and shall make a
minute of the passage and adoption thereof in the records of the proceedings of the City Council
of said City, in the minutes of the meeting at which the same is passed and adopted.
RESOLUTION NO. 4079
DECLARING 160 S. SEPULVEDA
SURPLUS /ORDERING SALE 1-
PASSED, APPROVED AND ADOPTED this
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
4th da y of August 1998
,
4"",
Mike Gordon, Mayor
I, Cindy Mortesen, City Clerk of the City of El Segundo, California, do hereby certify that the
whole number of members of the City Council of the City is five; that the foregoing Resolution
No.4 0 7 9 was duly passed and adopted by said City Council, approved and signed by the Mayor
of said City, and attested to by the City Clerk of said City, all at a regular meeting of said Council
held on the 4th day of August 1998, and the same was so passed and adopted by the
following roll call vote:
AYES: Gordon, Jacobs, McDowell, Gaines
NOES: None
ABSENT: Wernick
ABSTAIN: None
,&,,dQ, ,A,
f7l Cindy Mo s n, City Clerk
RESOLUTION NO. 4079
DECLARING 160 S. SEPULVEDA
SURPLUS /ORDERING SALE
APPROVED AS TO FORM:
Mark D.
bZ
, City Attorney
EL SEGUN_DO - _ BLVD.
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