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CC Resolution No. 0886
886 A WISOLUTION OF 171TBWfION OP TRE OTTY COUACIL, OF IM CITY OF CzCMTIBO TO CALL Fall A OMRRAL OBL IGfAd I ON BOND BL T' ON Pon !1'Wti MRPOSR OF A0QUIR1W MIA PROPERTY FOR PAID PURPOSX8. I WHE certain aA•tiniens of the ocormmity have j a'b- WI t6d to the City 0�t7� an option for the par*Umw par of certain "Cl, property wtwn 13w CIVy known as the "horn" rwenvUll, con- slut'4g of 15.25 6.0"W nowep or lcman, along tb6 northerly x1de of S611ing Road rind no" pear tioularly doseribod In that cor- tcbi Option For Sale and Parchajoe of (teal Property, datiod Dscw ber 31, 1963, by aad 'bwtweeu If x•, ^suke Ln outye and Ruby C. Tnouye, Helen M. Prlanbm, and Donald P. Avila and lPatrioia A. Avila, referred to tharopin as "Seller ", and Taul. A. Nariani, V.r., and Mary Frances Piarimm1, and Eugene A. Ravizza cmd Ilsry B. R6tvirsa, referred. to th "in as "Buyer", and WHEREKAS, the optioroes are Milling to novign their rights tbuareiwnder over to the City at their own coat: proviCing the City Ca=oll piss ©s a general obligation bond issue tefore tho voters in April of 196b,, and further provided that said bond issue is successful and the procceds thereof urea available for the purchase of the property, and h' RE S, the City Gorwaoil deems it to be to the b Interests of the City to acquile said prapbr for the purposes of a park site. NOW. THEREFORE, BE IT RESOLVED that the City Council hereby doclares its intonti.on to place a general obligation bond is sue► before the votore in April, 1964 for the purpose of carrying out the purWase reo ".ted above. BE IT FURTHER RES01,TZ; that this resolution shrill in no "Irr obligate the City .flxwwciall or oomit the City Council to any contractual obilsatrfion of any nature. - 1. �1 PASSED AND J9DCPM at a rej3ular meeting or the City CTAmcll of tl" City op C1WQ2 -tl o, twa 20th fury of ;[&M ,* � 4 by tbA f of l ot6`l - ng '`afi a now 1 q c 6s- j�,_ ,a; c—,Aj ��1 %ror ,i!'!t'"T t City sir .._....._._._..,._.....__....