A104RECORDING REQUESTED BY
I
Noms
Shoat
gddreu
City a
State I_
MAIL TAX STATEMENTS TO
TO 905.1 CA (1.70)
SPACE ABOVE THIS LINE FOR RECORDER'S USE
DOCUMENTARY TRANSFER TAX $ ............................. ...............................
_COMPUTED ON FULL VALUE OF PROPERTY CONVEYED,
_OR COMPUTED ON FULL VALUE LESS LIENS AND
ENCUMBRANCES REMAINING AT TIME OF SALE.
Signature of Declarant or Agent determining tax. Firm Name
Grant Deed I—
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the
CITY OF EL SEGUNDO, a municipal corporation,
hereby GRANT(S) to
CHEVRON LAND AND DEVELOPNIIIJT COMPANY, a Delaware corporation
the following described real property in the City of El Segundo,
County of Los Angeles , State of California:
PARCEL 1:
�a Lot 4, and the North 89.56 feet of Lot 5, in Block 123, El Segundo Sheet
No. 8, as per map recorded in Book 22, Pages 106 and 107 of Maps, in the
office of the County Recorder of said County.
PARCEL 2:
SJ0 Lot 52, in Block 123 of El Segundo Sheet No. 8, in the City of E1 Segundo,
in the-County of Los Angeles, State of California, as per map recorded in
Book 22, Pages 106 and 107 of Maps, in the office of the County Recorder
of said County.
f� EXCEPT Therefrom the southerly 95.24 feet thereof.
Dated — August , I,U9
STATE OF CALIFORNIA
SS.
COUNTY OF --
On _ before me, the under
shoed, a Notary Public in and for said State, personally appeared
—, known to me
to be Ilia person who_.c name sub_([ibed to the within
instrument and acknowledged that— executed the sanle.
WITNESS in) hand and official seal.
Signature _
� mayor pro�emp e
— .. - -- —City Clerk
(SEAL)
r1
Name (Typed or
Title Order No._ -
I Tid, lo,a for nttl,ml notarial btu)
_Escrow or Loan No.— ___4330-02
MAIL TAX STATEMENTS AS DIRECTED ABOVE
Nome
Areel
Atl9rnr
City 6
sate
I
TO 905.1 CA (1.70)
SPACE ABOVE THIS LINE FOR RECORDER'S USE
DOCUMENTARY TRANSFER TAX $ ............................. ...............................
_COMPUTED ON FULL VALUE OF PROPERTY CONVEYED,
_OR COMPUTED ON FULL VALUE LESS LIENS AND
ENCUMBRANCES REMAINING AT TIME OF SALE.
Signature of Declarant or Agent determining tax. Firm Name
Grant Deed I—
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the
CITY OF EL SEGUNDO, a municipal corporation,
hereby GRANT(S) to
CHEVRON LAND AND DEVELOPNIIIJT COMPANY, a Delaware corporation
the following described real property in the City of El Segundo,
County of Los Angeles , State of California:
PARCEL 1:
�a Lot 4, and the North 89.56 feet of Lot 5, in Block 123, El Segundo Sheet
No. 8, as per map recorded in Book 22, Pages 106 and 107 of Maps, in the
office of the County Recorder of said County.
PARCEL 2:
SJ0 Lot 52, in Block 123 of El Segundo Sheet No. 8, in the City of E1 Segundo,
in the-County of Los Angeles, State of California, as per map recorded in
Book 22, Pages 106 and 107 of Maps, in the office of the County Recorder
of said County.
f� EXCEPT Therefrom the southerly 95.24 feet thereof.
Dated — August , I,U9
STATE OF CALIFORNIA
SS.
COUNTY OF --
On _ before me, the under
shoed, a Notary Public in and for said State, personally appeared
—, known to me
to be Ilia person who_.c name sub_([ibed to the within
instrument and acknowledged that— executed the sanle.
WITNESS in) hand and official seal.
Signature _
� mayor pro�emp e
— .. - -- —City Clerk
(SEAL)
r1
Name (Typed or
Title Order No._ -
I Tid, lo,a for nttl,ml notarial btu)
_Escrow or Loan No.— ___4330-02
MAIL TAX STATEMENTS AS DIRECTED ABOVE
MARK C. ALLEN, JR.
CITY ATTORNEY
Mayor and Members of the
City Council
City of El Segundo, California
350 Main Street
El Segundo, California 90245
Re: Authorization to Complete Sale of Center Street Sump
to Chevron Land and Development Company
Gentlemen:
(213)322.4670
July 31, 1979
On June 5, 1979 the City Council approved the sale of two storm drain basins
referred to as the Nevada Street basin and the Center Street basin.
One of those parcels (Nevada Street basin) was involved in litigation with,
Mr. Jack Morgan and his wife. We were engaged in negotiations with Mr. Morgan
through his attorneys working toward a resolution of those problems when
Mr. Morgan passed away. While we are continuing to work with Mr. Morgan's
estate in an effort to conclude the sale of the Nevada Street property, it
appears desirable to separately conclude the sale of the Center Street parcel
There is, therefore, submitted herewith escrow instructions calling for a
sale price of $162,750 for the Center Street sump.
It is recommended that:
(1) The City Council ratify the execution of the escrow instruc-
tions by the City Manager;
v
(2) Authorize the Mayor pro Tempore to execute the Deed required
to carry out the escrow instructions; and
(3) Authorize the Mayor pro Tempore, the City Manager, the City
Clerk, and the City Attorney to take such actions as may be necessary to com-
plete the sale in accordance with the escrow instructions.
Respectfully submitted,
`Mark'�'�len�` .
City Attorney
MCA:ps
Attach. (2)
ESCROW INSTRUCTIONS
TRANSAMERICA TITLE INSURANCE COMPANY
8487 West 3rd Street
Lot— Block _
Los Angeles,
CA
90048
Tract to be determined �
Telephone No. _(213)
655 -3000
preliminary title report
Escrow Officer
Jacque
Spivak
Book Page
Escrow Number
'433002 -2
Address vacant land)
DATE: May
31,
1979
Center Street Sump
AS ESCROW HOLDER
❑ I /We hand you herewith:
C� I /We will hand you:_ Cash and documents necessary to record
Deposit
$
_
Balance of Down Payment $
Cash Outside Escrow
S
New Encumbrance
$
S
Encumbrance of Record
$
Other
$
SELLING PRICE
S -�
DEED covering the property described above FROM CITY OF EL SEGUNDO GRANTOR,
rn CHEVRON LAND AND DEVELOPMENT COMPANY
GRANTEE
You are hereby authorized to deliver and /or record all documents and disburse said funds, together with the proceeds of any deed of
trust mentioned below, on account of the purchase price for the real property described in your above numbered escrow and on account
of the other costslkels ustments in that connection, when you can issue your Standard Coverage form Title Insurance Policy in
the amount of g �� insuring title as vested in the name of Grantee as shown above.
SUBJECT TO: COUNTY and /or CITY TAXES not delinquent; BONDS and /or SPECIAL ASSESSMENTS not delinquent; and COVENANTS,
CONDITIONS, RESTRICTIONS, RIGHTS of WAY, EASEMENTS and RESERVATIONS now of record.
❑ NONE Deed of Trust —in favor of
❑ NONE Deed of Trust in favor of securing a note in the
amount of $ ; repayable at per or more, including /plus interest at the rate of —%
per annum commencing- , first payment due all due and payable
I /WE will cause to be delivered to you the original executed Note(s) and Deed(s) of Trust indicated above, and such delivery to you will be
MY /OUR approval of the final terms of the obligation(s).
PRO -RATE as of ❑ Date of Recording ffi Mr THRIT ESCROW (based on a 30 -day month)
• Real Property Taxes (based on latest available tax bills) ❑ Fire Insurance Premiums ❑ Interest on Existing Loan
• Homeowner's Assoc. Dues ❑ Rents (based on statement provided by Seller) ❑
CREDIT SELLER and CHARGE BUYER ❑ Existing loan trust fund CREDIT BUYER and CHARGE SELLER ❑ Security Deposits
SELLER TO PAY: BUYER TO PAY: 2
IN Title Insurance Premium and one -half escrow fee ® Escrow Fee onP -lint f Le
❑ Loan discount fee not to exceed —% ❑ New Loan Charges w
Conveyancing fees 1/2 recording fees ❑ Loan Assumption fee
IN Transfer Tax ❑ Fire Insurance Premium not equired I
K Demand of al 7 enrmmhranrec of rarord. , i f any ® Recording fees n1le-half
❑ ❑ ALTA Loan Policy o u
❑ Real Estate Commission ® - I i
❑ I
The following are MEMORANDUMS OF ESCROW, neither escrow nor TRANSAMERICA TITLE INSURANCE COMPANY
ARE TO HAVE ANY LIABILITY AS TO SAME NOW NOR AT ANY FUTURE DATE.
Any proration or adjustment on property taxe s shall be outside of escrow( direct between buyer and
seller herein. Pursuant to Section 4986 of the Revenue and Taxation Code the county assessor may
assess and the county tax collector collect taxes from Chevron Land and Development Company for
the property transferred by the City of E1 Segundo to Chevron Land and Development Company for the
period of time that Chevron Land and Development Compamy holdstitle to that property as such
Property was tax exemptfrom taxation . while held by the city.
The sump shall be filled to the elevation as shown on a drawing by the City of E1 Segundo, File
Number F 425.
Chevron Land and Development Company agrees that the development of the sump will be limited to
single - family residential structures.
These instructions are effective until August 1, 1979 and thereafter until revoked by written demand on you by the
undersigned or any one of them. I hereby agree to pay all my proper costs and fees, including any adjustments, and request you to
remit balance to me at the address shown below.
If you are the prevailing party in any action or proceeding between you and some or all of the parties to this escrow, you shall be entitled
to all costs, expenses, and reasonable attorney's fees expended or incurred in connection therewith. If you are required to respond to
any legal summons or proceedings not Involving a breach or fault upon your part, the parties to this escrow jointly and severally agree
to pay all costs, expenses, and reasonable attorney's fees expended or incurred by you, and the parties hereto further agree to indemnify
you against all loss and expense in the said action or proceeding.
Sellers CITY EL SEGUNDO Buyers CHEVRON SAND F DEVELOPMENT COMPANY
Y.
ATTN• Art on ; y Manager ATTN: Frank P. Higgins, Project Representative
Address 350 Main street Address 20011 Cnlden wesxt Street
City El Segundo CA 90245 Phone No. City unntingf-nn Rearh T rn Phone No{z14)-- SnF -2S�Q
Received , 19_. Time
TRANSAMERICA TITLE INSURANCE COMPANY
By
Form 243 Rev. 3.79
T
92648
NOTE: Name and address to be placed on deed for mailing tax bill
Buyer , at their direction