Resolution No. 670RESOLUTION NO. 670
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
AUTHORIZING THE EXERCISE OF OPTION TO PURCHASE CIVIC
CENTER SITE PARCEL NOS. 4, 5, 6, and 7
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 Parcels 4, 5, 6, and 7 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 Parcels Nos. 4, 5,
6, and 7 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 or to Title Insurance and Trust Company for deposit
in the escrow for the purchase of said Parcels Nos. 4, 5, 6, and 7 in the
amount of the purchase price and acquisition expenses of said Parcels Nos.
4, 5, 6, and 7 pursuant to the option provisions of said Settlement Agree-
ment but not to exceed $102,000.00.
PASSED AND ADOPTED by the City Council of the City of Cypress, at a
regular meeting held on the 14th day of February, 1966.
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MAYOR OF THE CITY Q9" CYPRESS
ATTEST:
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CITY ERK OF THE 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 14th day of February, 1966, by the following vote:
AYES: 5 COUNCILMEN: Gorzeman, Kanel, McCarney, Wright, and Noe
NOES: 0 COUNCILMEN: None
ABSENT: 0 COUNCILMEN: None
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CITY CLERK OF TH' CITY OF CYPRESS