HomeMy WebLinkAboutOrdinance 1737 N.C.S. 09/19/1988PIP, E-
.:ACT 19 1989
ORDINANCE NO. 1737 N.C.S.
Introduced by Seconded by
Larry Tencer John Balshaw
AN ORDINANCE AUTHORIZING THE SALE OF REAL PROPERTY
KNOWN AS THE BOND SUBDIVISION, IN THE CITY OF
PETALUMA (A.P. No. 149-280-45) .
BE IT ORDAINED by the Council of the City of Petaluma as follows:
Section 1. The real property known as the Bond Subdivision, owned
by the City of Petaluma and which is legally described as "Parcel 3 as
shown upon City of Petaluma, Parcel Map No. 202, filed and recorded on
March 19, 1986 in Book 383 of Maps, page 19, Sonoma County Records", is
hereby authorized to be sold to Benjamin- Tux horn and Associates, Inc.
Said purchaser was the highest bidder at the public bidding sale, which
was conducted by sealed bids received by the City on August 22, 1988.
The purchase price of the property is in the amount of Eight Hundred
Sixteen Thousand Eight Hundred Sixty Eight Dollars ($816,868.00) .
Section 2. The acceptance of the deposit in the amount of Eighty -One
Thousand Six Hundred Eighty -Seven Dollars ($81,687.00) shall be deemed to
occur upon the date of adoption of this Ordinance. The close of escrow
shall occur upon recordation of the Final Map for Bond Subdivision or
within ninety (90) days of the date of adoption of this Ordinance,
whichever date is earlier.
Section 3. It is deemed to be in the best public interest and for the
common benefit of the City of Petaluma for the City to sell this property in
the manner stated above. The City Manager is hereby authorized to
execute a purchase agreement on behalf of the City for the sale of the
Bond Subdivision property in accordance with the terms stated above.
ORD. 1737 N.C.S.
i'
Section 4.
The City Clerk
is hereby directed to post/publish this
ordinance for the
period and in the manner required
by the City Charter.
Introduced
and ordered
posted/published
this 6th day of
September
1988.
Adopted this
19th day of
September
1988, by the following
vote:
AYES: Tencer, Sobel, Woolsey, Vice Mayor Davis
NOES: 0
ABSENT: Cavanagh, Balshaw, Mayor Hilligoss
Mayor
ATTEST:
G
City Cler
ord. sale. bond
LAW13
ORD 1737 N.C.S.