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Ordinance 1505ORDINANCE 1505 New Series AN ORDINANCE AUTHORIZING ACQUISITION BY PURCHASE OF CERTAIN REAL PROPERTY FOR CITY PUBLIC UTILITY PURPOSES. (2.95 ACRES PACIFIC SHOPS, INC.) WHEREAS, public interest and necessity require the real property hereinafter described be acquired in the name of the City of Alameda for use by its Bureau of Electricity as the location of said Bureau's Operating Department Headquar- ters; and WHEREAS, Pacific Shops, Inc., owner of said property which con- sists of approximately .2.35 acres, is willing to sell the same to the City far the sum of $23,000.00 per acre, upon certain conditions here- tofore tentatively agreed upon be- tween •said owner and said Bureau; and WHEREAS, pursuant to Article X.II of the Charter of the City of Alameda, the Public Utilities Board has the power, among other things, to control and manage the said Bureau of .Electricity, a public util- ity =owned by the - City, and to - �ac- quire by purchase in the . name of the City real property necessary for its purposes; and WHEREAS, said Pacific Shops, Inc. is the successor lessee of ap- proximately 13.5" acres . of City- owned lands adjavenFt to other real property owned: by Pacific Shops, Inc., and said firm : desires to re- negotiate said lease by providing ;a new term therefor at an increased annual rental; and WHEREAS; it will be in the pub- lic interest and to the mutual bene- fit of said parties to . enter into said new lease, in connection with and as -a condition of the said acquisition of property by the City; NOW THEREFORE,. BE IT. OR- DAINED BY THE C'OUNC'IL OF THE CITY OF ALAMEDA: SECTION 1. That the Public Utilities Board purchas , in the name of. the City °cif Alameda; 'upon the condi- tions hereinafter , set forth, for the sum, of $54,050:00 that certain real property situated in. the City of Alameda, C'ounty Alameda, State of California described as follows: BEGINNING at . point on the southeasterly line of :Grand. Street : distant along _ said Brie 735.43 feet 'northeasterly from the northeasterly litre of Cle- ment - Avenue, said point being: the intersection of said south- easterly line with the Peralta Grant Line as said lines and intersection are shown on Sheet 7 "Official Resurvey of Portion of Segregation Lien , and Vi- cinity", recorded at Page 16 to 22, Book 3 of Surveys, Offi- cial Records of Alameda Court- ty and said. point having •eo- ordinates of y=470,077.22 feet and x= 1,494,121.76 feet based on the Californila Coordinate Sys- tem, Zone -ITT, as are all bear- Ordinance ear Cdr dinance No. 150: D New `cries ings end distances in this de scriptio THENCE ALONG said Peralta Grant :Line south 41° .47' 00" east 73;46 feet to Station 127 on said Peralta Grant Line; THENCE ALONG a line par- allel with said line of Grand Street and ,140 feet southeast - erly at right angles therefrom - south 29° 49' 25" west 265.81 feet; THENCE ALONG a .lime par - allel with said line. of Clement Avenue and 350 .feet at right angles therefrom south 60 13' 13" east 40 feet; THENCE ALONG a line par- aillel with :said . line of Grand Street and 180 feet at right angles therefrom. south 29' 49' 25" west 350.00 feet to the northeasterly line of Clement Avenue; THENCE ALONG said north easterly line of , Clement Ave- nue North 60' 12' 13" west 9.48 feet to the most -easterly corner of the par•eel . of land described in the deed from Barnes and Tibbitts to the City of Ala - meda, recorded.: at Page 73, Book :2698 of Deeds, Official Records of Alameda County, said c -orner being 170.52 .feet. southeasterly, along the north easterly lane of Clement Ave- nue, from said southeasterly line of Grand Street; THENCE ALONG the north easterly line of the last. said parcel of land northwesterly along a.: non - tangent curve con cave to the northeast having a radius: of 277.94 feet a distance of 227.80 feet to a point on said southeasterly line of Grand Street, said point being distant along the last said line north - easterly 141.34 feet, more or less, from said northeasterly line of Clement Avenue; THENCE ALONG said south- easterly line of Grand Street north 29° 49' 25" east •594.09 feet, more or " less to the beginning, (a) That said purchase and sale is contingent upon the _execution of a lease . of certain City- owned real property to Pacific Shops, Inc., upon terms and , conditions agreed upon by said parties, as set forth in the form of . said lease referred to in O'rdina'nce No. 1506,:N.'S. (b) Said purchase and sale is further subject to the parties' re- spective .instructions to the escrow holder, which shall. be . the title insurance company referred to h ereinbelow. (c) -That good and merchantable title in.. fee :simple in said real property be ,conveyed to the City of Alameda, free and clear of all objections, liens and encumbrances. (d) That the said title of said real property be evidenced by a California standard policy of title insurance, issued by Title Insurance & . 'Trust Company,' under : its Es- crow Nei. 1119697, AT -3, insuring title. in the City, as provided for in the preceding subdivision. (e) That upon deposit with said title company for delivery to -'tile