HomeMy WebLinkAbout16993 - RESOLUTIONS - 1/3/1990 RESOLUTION NO. 16993
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, APPROVING THE EXCHANGE OF LAND LOCATED
ON THE NORTH SIDE OF CAMI.NO PAROEELA, WEST OF GENE
AUTRY TRAIL IN SECTION 19.
WHEREAS the City of Palm Springs is the owner of a parcel of land on the
North side of Camino Paracela with frontage of 108.85 feet and a depth
of 300 feet; and
WHEREAS Michael S. Hoffman is the owner of a parcel of land located on
the North side of Camino Paracela with a frontage of 60 feet and a depth
of 300 feet; and
WHEREAS the property owners have agreed to exchange the 145 feet at the
back of the City property for the front 155 feet of the Hoffman property;
and
WHEREAS the property owners have agreed that both parcels of land are
equal in value, that the value is $32,000 and property owners agree to
pay title and escrow fees as stated in the exchange agreement; and
WHEREAS the descriptions of the land being exchanged and the terms of '
the exchange are set out in the exchange agreement executed by Michael
Hoffman, presently on file with the City Clerk, awaiting approval from
City Council .
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PALM SPRINGS
AS FOLLOWS:
Section 1. That the City Manager and City Clerk are hereby authorized
to sign the exchange agreement between the City of Palm Springs
and Michael S. Hoffman for the property located on the North
side of Camino Paracela, West of Gene Autry Trail on file
with the City Clerk and sign all documents on behalf of the
City of Palm Springs necessary to consumn"ate the exchange ,
of said property and pay title and escrow fees as agreed to
in said exchange agreement.
Section 2. That the City Clerk is hereby authorized to accept the deeds
and record them in the County Recorders office on behalf of
the City of Palm Springs.
Adopted this 3rd day of _ January 1990.
AYES: Councilmembers Apfelbaum,, Broich, Neel and Mayor Bono
NOES: None
ABSENT: None
ABSTAIN: Councilmember Foster
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
�-' City Clerk �a City Mafiager
REVIEWED & APPROVED
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