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Ordinance 2879CITY OF ALAMEDA ORDINANCE NO. 2879 New Series APPROVING AND AUTHORIZING THE SALE OF CITY OWNED PROPERTY LOCATED AT 2834 ADAMS STREET, ALAMEDA, CALIFORNIA, AND WAIVING THE THIRTY (30) DAY DELAY IN EFFECTIVE DATE PURSUANT TO CHARTER SECTION 3 -12 WHEREAS, in a 1992 court approved Judgment of Distribution and pursuant to the 1990 Will of Margaret Howard- LaVoie, real property at 2834 Adams Street in Alameda, California was devised to Avis and Roger Jones in the form of a life estate; and WHEREAS, pursuant to the 1992 Judgment and the 1990 Will, upon the death of departure of Avis and Roger Jones from the residence at 2834 Adams Street, the property would be distributed to the City of Alameda to be used for a senior citizen program; and WHEREAS, Ordinance No. 2860, adopted by the City Council on July 17, 2001, authorized acquisition by Quitclaim Deed that real property located at 2834 Adams Street, Alameda, California; and WHEREAS, it is in the City's best interest that the currently vacant property, which is in need of foundation and termite repair, be sold, repaired and occupied, and that the proceeds from the sale be placed in a trust account for senior citizen programs; and WHEREAS, after listing the property and conducting two weekend open houses, the City has received a purchase offer from Anthony P. Appleby and Joseph A Landry to purchase the property located at 2834 Adams Street on an "as is" basis; and WHEREAS, the buyer's offer is contingent on their loan approval through a commercial lending institution at a certain interest rate, which loan approval shall expire within thirty days; WHEREAS, Section 3 -10 of the City Charter requires the affirmative vote of four members of the City Council and the adoption of an Ordinance in order to authorize a sale of real property; and. WHEREAS, pursuant to section 3 -12 of the City Charter, Council may, with a finding of necessity and four votes of Council, waive the thirty (30) day delay in effective date of the Ordinance; and WHEREAS, in order to close escrow on this property within 30 days and avoid triggering the contingency and loss of the loan, it is necessary to waive the thirty (30) day delay in effective date pursuant to Charter Section 3 -12. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Alameda, upon the affirmative vote of four members of the Council that: Section 1. That the City of Alameda convey unto buyers Anthony P. Appleby and Joseph A Landry, all that certain property known as 2834 Adams Street, Alameda, California. Section 2. That the proceeds from the sale of the property will be placed in a trust account established for a senior citizen program in compliance with the 1992 Court Judgment. Section 3. That the City Manager or his designee is hereby authorized and directed to execute, for and behalf of the City of Alameda, a deed conveying said real property to Anthony P. Appleby and Joseph A Landry, and the City Clerk is directed to attest to the same. Section 4. Pursuant section 3 -12 of the City Charter and the finding of necessity stated above, this ordinance shall be in full force and effect immediately following the day of its final passage. Attest: kaara W 'Sl City Clerk Pres tv Council I, the undersigned, hereby certify that the foregoing Ordinance was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 2nd day of April, 2002 by the following vote to wit: AYES: Councilmembers Daysog, DeWitt, Kerr, and Mayor Appezzato - 4. NOES: None. ABSENT: Councilmember Johnson - 1. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 3rd day of April, 2002. Gck,f,r , . L ara Weisiger, City Clerk City of Alameda