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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-