CC RES 1987-019RESOLUTION NO, 87 -19
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES AUTHORIZING THE CITY
MANAGER TO SUBMIT NECESSARY MONIES TO PURCHASE
SURPLUS FEDERAL PROPERTY AT 30942 HAWTHORNE
BOULEVARD
WHEREAS , the City has planned and is using the entire area known as
30940 and 30942 Hawthorne Boulevard for Civic Center and park use.
WHEREAS, the City has allocated monies in its Capital Budget to acquire
the property known as 30942 Hawthorne Boulevard.
WHEREAS, the City Council of the City of Rancho Palos Verdes has auth-
orized the purchase of the property known as 30942 Hawthorne Boulevard from
the GSA pursuant to 40 U.S.C. 484 (e) (3) H for the sum of Four Hundred Thou-
sand Two hundred Six Dollars ($400,206).
WHEREAS, subsequent Federal appraisals have resulted in an increased
purchase price of Five Hundred Thousand Dollars ($500,000).
NOW, THEREFORE, the City Council of the City of Rancho Palos Verdes
does hereby resolve as follows:
Section 1: The City Council empowers and authorizes the City Manager
to sign on behalf of the City of Rancho Palos Verdes to submit to GSA Five
Hundred Thousand Dollars ($500,000) for certain surplus Federal real pro-
perty located at 30942 Hawthorne Boulevard, Rancho Palos Verdes, known as
the District Building, and more fully described in an Attachment to the
Offer to Purchase, dated April 15, 1986.
Section 2: The amount of Forty Thousand Twenty Dollars ($40,020_) has
been paid to GSA as an earnest money deposit with the Offer to Purchase.
Section 3: The amount of Four Hundred Fifty Thousand Nine Hundred
Eighty Six Dollars ($459,980) is hereby authorized for final payment to
GSA.
Section 4: The monies for the purchase of said property are to be paid
from Project No. 57600.
PASSED, APPROVED and ADOPTED on April 1 , 1987 .
MA OR
ATT •
t
CITY CLERK
Sta of California )
Cou ty of Los Angeles ) ss
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of the City of Rancho Palos Verdes,
hereby certify that the above Resolution No. 87 -19 was duly and regularly
passed and adopted by the said City cil a regular meeting thereof
held on April 21, 1987. C n _ _ , _ '4 /9()
City/ Clerk, City of Rancho Palos Verdes
707CP /RES3.1 Resolution No. 87 -19