Resolution No. 557. 280
RESOLUTION NO. 557
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
AUTHORIZING THE EXERCISE OF OPTION TO PURCHASE CIVIC
CENTER SITE PARCEL NO. 3
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 No. 7, inclusive, and
WHEREAS, the City of Cypress now desires to exercise such option
to purchase Parcel 3 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. 3 pur-
suant 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. 3 pursuant to the option provisions of said Settlement Agreement
but not to exceed $37,000.00.
PASSED AND ADOPTED by the City Council of the City of Cypress,
at a regular meeting held on the 8th day of March, 1965.
MAYOR OF THE CITY O F CYPRESS
ATTEST:
CLERK ERK'OF HE TY OF CYPRESS
STATE OF CALIFORNIA) SS
COUNTY OF ORANGE )
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY
CERTIFY, that the foregoing Resolution was adopted at a regular meeting of
the said City Council held on the 8th day of March, 1965, by the following
vote:
AYES: 5 COUNCILMEN: Gorzeman, Kanel, McCarney, Wright, & NOe
NOES: 0 COUNCILMEN: None
ABSENT: 0 COUNCILMEN: None
CI CLERK OF THE/CITY OF CYPRESS
RESOLUTION NO. 557