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HomeMy WebLinkAboutCity Council Resolution 840 RESOLUTION NO. 840 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA DECLARING ITS INTENTION TO SELL REAL PROPERTY WHEREAS, the City of Saratoga is the owner of that certain real property located in the City of Saratoga, Santa Clara County, California, and hereinafter described; and WHEREAS, said property is not and will not in the immediate future be needed for municipal purposes; and WHEREAS, in conformance with Chapter 5, Article I, Sections 37350 and 37351 of the Government Code, it is the finding of the City Council it is for the common benefit and in the public interest and convenience that said property be sold; NOW, THEREFORE, BE IT RESOLVED that the City of Saratoga does hereby announce its~'intention to sell said real property, and notice is further given that a public meeting will be held at its regular place of meeting, namely: Saratoga City Council Chambers, 13777 Fruitvale Avenue, on Wednesday, March 15, 1978, at 8:00 P.M. BE IT FURTHER RESOLVED that said sealed proposals to purchase the aforementioned property will be received in the following manner: Saratoga City Clerk's Office, 13777 Fruitvale Avenue, Saratoga, California, Tuesday, March 14, 1978, at 2:00 P.M. A report of the bid opening will be made by the City Clerk at said City Council Meeting at the close of the public hearing on Wednesday, March 15, 1978. Said property intended to be sold is described as follows: DESCRIPTION That parcel of land situate in the City of Saratoga, County of Santa Clara, State of California, described as follows: PARCEL NO. 1: All that certain real property in the City of Saratoga, County of Santa Clara, State of California, described at follows: Beginning at an iron pipe at the point of intersection on the southwesterly line of Second Street with the northwesterly line of Big Basin Way, formerly called Lumber Street, as said streets are shown on the map hereinafter referred to; thence along said northwesterly line of Big Basin Way, south 42° 23' west 100 feet; thence parallel with said southwesterly line of Second Street, north 47© 44' east 120 feet to the point of beginning, and being portions of Lots 1 and 2 in Block 2, as shown on that certain map entitled, "Plan of the Town of Mc Cartys- ville" and which map is on file in the Office of the Recorder of the County of Santa Clara, State of California, in Book "A" of Maps, Page 43. Subject to all covenants, conditions, restrictions, reservations, rights, rights of way and easements of record. Said property to be sold to purchaser "as is", and purchaser will be responsible for the removal of any and all undesired improvements located upon said property. Purchaser is to be responsible for on-site and off-site development required by the City of Saratoga ~BE ITFURTHER RESOLVED, that the conditions of said sale are to be as follows: (1) Said property will be sold for cash at the minimum acceptable price for said property, to wit; $96,000; however, whether or not any bid will be accepted will be determined by the use to be made of the property, as well as by the price offered. (2) Written sealed bids for the purchase of said real property must be on the bid form provided herewith, and must include a written proposal for the use to be made of the property, including schematics of the intended structure or structures, and must be received by the City Clerk by the time and date heretofore set for hearing on this matter. Bidders are requested not to expend in excess of $500 for any schematics or renderings of proposed structures. Any successful bidder will be required to execute and deliver to the City a complete Surety Bond or other bond acceptable to the City Attorney guaranteeing the completion of the proposed project within time parameters to be established by the City Council at the time of acceptance of a proposed bid. (3) Each sealed or oral bid shall be accompanied by a certified cashier's check in the sum of not less than ten percent (10%) of the minimum price established by the City Council for the property described hereinabove. Said check shall be made payable to the City of Saratoga and shall be a guarantee that the successful bidder shall purchase said property if his proposal is accepted. Said check shall be subject to forfeiture at the option of the City Council if the successful bidder fails to complete the purchase in accordance with the terms as specified herein. (4) The successful bidder, if any, shall pay an additional fifteen percent (15%) of the accepted bid price at the opening of a thirty (30) day escrow. Said escrow must be opened by .the successful bidder within five (5) days of the bid ~cceptance. Tbmbalmc~ of the accepted bid price shall be paid on or before the close of escrow and the delivery of the deed to said property. (5) Said sale will be consumated through a title company, which company shall act as escrow holder for said transaction. (6) All costs of title insurance policy, cost and fees of escrow, internal revenue stamps, and all other fees for the transfer of title, including the recording of the grant deed herein, shall be borne by the purchaser. (7) No real estate commission will be paid by the City. (8) The City Council reserves the right to waive any and all defects in any and all bids. (9) The City Council reserves the right to reject any and all bids. (10) The City will require and/or reserve a 25' easement for vehicle access running perpendicular to Big Basin Way and along either the westerly or easterly property line to the rear of the parcel (to be finalized later) for access to future public parking. That the final acceptance by the City Council may be made either at the same session or any adjourned session of the same meeting held within the ten (10) days next following. That within two (2) working days following final action by the City Council, the City Clerk will return the certified cashier's checks to any unsuccessful bidders. The above and foregoing resolution was regularly introduced and therafter passed and adopted at a regular meeting of the City Council of the City of Saratoga held on the 1 stday of .~.ebruary 1978, by the following vote: AYES: Oou~.~tlm~n K~au~, ~r, B~fgham, Ma~'~c~i & Bridges NOES: None ABSENT: None ATTEST: c