Resolution No. 472RESOLUTION NO. 472
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
AUTHORIZING THE EXERCISE OF OPTION TO PURCHASE CIVIC
CENTER SITE PARCEL NO. 2
WHEREAS, the City of Cypress and Manuel de Almeida have entered
into a Settlement Agreement on May 13, 1963, providing for the purchase
of certain real property described in Exhibit "A" attached to said
Settlement Agreement by the City of Cypress from Manuel de Almeida, and
WHEREAS, Article II of said Settlement Agreement provides the
City of Cypress with six (6) successive annual options to purchase one
or more parcels of that certain real property described in Exhibit "A"
attached to said Settlement Agreement as Parcels No. 2 through 7,
inclusive, and
WHEREAS, the City of Cypress now desires to exercise such option
to purchase Parcel 2 of said real property,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Cypress:
1. That the City Manager of the City of Cypress is
authorized and directed to cause the City of Cypress to purchase said
Parcel No. 2 pursuant to the terms and conditions of the option
provisions of said Settlement Agreement; and
2. That the City Manager of the City of Cypress is authorized
and directed to cause a Warrant of the City of Cypress to be issued
payable to said Manuel de Almeida in the amount of the purchase price of
said parcel No. 2 pursuant to the option provisions of said Settlement
Agreement but not to exceed $37,000.00.
PASSED, APPROVED, AND ADOPTED this llth day of May, 1964.
AYES: 5 COUNCILMEN: Gorzeman, Kanel, McCarney, Wright & Noe
NOES: 0 COUNCILMEN: None
ABSENT: 0 COUNCILMEN: None
ATTEST:
CITY CLERK'
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MAYOR
I hereby certify that the foregoing Resolution was duly and
regularly passed and adopted on the llth day of May, 1964, at a regular
meeting thereof .
CITY CLERK