HomeMy WebLinkAboutResolution 1985 - 0080RESOLUTION NO.85-80-11
APPROVING THE SALE OF SURPLUS PROPERTY KNOWN AS BANNING
PUMP STATION
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.11 OF ORANGE COUNTY,CALIFORNIA,
APPROVING THE SALE OF SURPLUS PROPERTY KNOWN AS BANNING
PUMP STATION TO NABIL AND SUZAN NASRE
****.
WHEREAS,the Board of Directors adopted Resolution No.82—
58—11 on May 12,1982,declaring property known as the Banning
Pump Station in the City of Huntington Beach to be surplus to its
needs and authorizing the sale of the subject property;and,
WHEREAS,the District has received an offer to purchase said
property;and,
WHEREAS,the District’s General Manager and General Counsel
have recommended the sale,subject to certain terms and
conditions.
NOW,THEREFORE,the Board of Directors of County Sanitation
District No.11 of Orange County,California,
DOES HEREBY RESOLVE,DETERMINE AND ORDER:
Section j:That certain parcel of real property,commonly
described as the Banning Pump Station Site owned by the District
and previously declared to be surplus to its present and future
needs,is hereby authorized to be sold to Nabil and Suzan.Nasre,
husband and wife,for the price of Fifty—Eight Thousand Five
Hundred ($58,500.00)Dollars.
Section Z:That as terms and conditions of the sale,the
District approves the acceptance of a down payment in the amount
of Fifteen Thousand ($15,000.00)Dollars,and the execution of a
Promissory Note payable to the District in the amount of Forty—
Two Thousand Five Hundred ($42,500.00)Dollars,all due and
payable five (5)years from the date of closure of escrow.
Section 1:The District agrees that it shall subo~rdinate
its Deed of Trust to a construction loan and~a permanent loan
made to the Buyers for the installation and construction of site
improvements.The District’s position shall be maintained in a
subordinate position solely to that loan.
~.~:The General Manager and General Counsel are
authorized to execute any and all legal documents necessary to
effect the close of this sale transaction.
PASSED AND ADOPTED at a regular meeting held this 8th day of
May,.1985.
TLW:pj
STATE OF CALIFORNIA)
SS.
COUNTY OF ORANGE
I,RITA J.BROWN,Secretary of the Board of Directors of County
Sanitation District No.11 of Orange County,California,do hereby certify that
the foregoing Resolution No.85—80—li was passed and adopted at a regular
meeting of said Board on the 8th day of May,1985,by the following vote,
to wit:
AYES:Ruth Bailey,Chairwoman,John Thomas
NOES:None
ABSENT:Roger Stanton
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official
seal of County Sanitation District No.11 of Orange County,California,this
8th day of May,1985.
Rita J.Brown,Secretary
Board of Directors of County
Sanitation District No.11
of Orange County,California