Resolution Number 98-4-7-6RESOLUTION NO. 98-4-7-6
APPROVING THE PURCHASE AND SALE AGREEMENT -
ASSESSOR PARCEL NO, 121-254-42 FORMERLY KNOWN AS
YMR SOUTHERN PARCEL (BLUE SKY PROPERTIES, LTD.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, APPROVING THE PURCHASE AND SALE
AGREEMENT BETWEEN THE CITY OF SAN JUAN CAPISTRANO AND
BLUE SKY PROPERTIES, LTD., FOR THE SALE OF EXCESS RIGHT-OF-WAY
OF 1.53 ACRES KNOWN AS ASSESSOR PARCEL NO. 121-254-42 AND
FORMERLY KNOWN AS YMR SOUTHERN PARCEL
WHEREAS, the City of San Juan Capistrano ("City") has approved the disposition
of excess right-of-way of 1.53 acres formerly known as the YMR southern parcels; and,
WHEREAS, Blue Sky Properties, Ltd., has submitted an offer to purchase said
excess right-of-way and assemble it with adjacent parcels to provide the highest and best use of the
land; and,
WHEREAS, the City has duly considered all terms and conditions of the proposal
to purchase made by Blue Sky Properties, Ltd.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of San
Juan Capistrano as follows:
1. The sale of the YMR southern parcel, Assessor Parcel No. 121-254-42 and
the proposed Agreement, which establishes the terms and conditions and escrow instructions thereof,
are hereby approved.
2. The City Manager of the City of San Juan Capistrano is hereby authorized to
sign all documents necessary to complete the sales transaction at close of escrow.
PASSED, APPROVED, AND ADOPTED this
April .1998.
G�YOR
ATTEST: _--
CITY CLERK
7th
day of
021
022
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, City Clerk of the City of San Juan Capistrano, California,
DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No.
98-4-7-6 adopted by the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 7th day of Anri1 1998, by the
following vote:
AYES: Council Member Swerdlin, Hart, Campbell
and Mayor Jones
NOES: None
ABSTAIN: None
ABSENT: Council Member Greiner
(SEAL)
r
CHERYL JO SM, CITY CLERK
-2-