Resolution Number 69-6-23-1111
RESOLUTION NO. 69-6-23-1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JUAN CAPISTRANO AUTHORIZING AND DIRECTING THE MAYOR
AND CITY CLERK TO EXECUTE A CORPORATE PROMISSORY
NOTE IN CONNECTION WITH THE PURCHASE OF CERTAIN
REAL PROPERTY FOR PARK AND RECREATION PURPOSES.
WHEREAS, the City of San Juan Capistrano desires to
purchase certain real property within the City for park and
recreation purposes; and
WHEREAS, approximately two and one-half acres of land,
being Lot 60, Tract 5974, is available for purchase at a cash
consideration of $60,000.00; and
WHEREAS, the City Council finds that it is in the best
interest of the City to purchase said land; and
WHEREAS, it will be necessary to borrow the sum of
$60,000.00 from the Southern California First National Bank and
said bank is willing to loan said sum to the City.
NOW THEREFORE, BE IT RESOLVED, by the City Council of
the City of San Juan Capistrano that it borrow said sum on or
after the first day of July, 1969, and that the same be repaid
on or before the 30=" day of June, 1970.
BE IT FURTHER RESOLVED that the Mayor, the City Clerk
and the Director of Finance be, and they are hereby authorized
and directed to execute any and all papers necessary to complete
said loan.
AND BE IT FURTHER RESOLVED that the Mayor and City
Clerk be, and they are hereby authorized and directed to take
any and all steps necessary to acquire said real property.
The foregoing Resolution is approved and signed by me
this 24" day of June, 1969.
l
Mayor ot the City o
San Juan Capistrano
ATTEST:
M3KClerk ot the City o
San Juan Capistrano
112
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, ERNEST A. THOMPSON, City Clerk of the City of San
Juan Capistrano, California, hereby certify that the foregoing
is a true and correct copy of a resolution of the City Council
of said City numbered 69-6-23-1, adopted by the City Council
on the 23rd day of June, 1969, and was so passed and adopted
by the following stated vote, to wit:
AYES: COUNCILMEN:
NOES: COUNCILMEN:
ABSENT: COUNCILMEN:
DURNFORD, BATHGATE, FORSTER
and CHERMAK
OLIVARES
NONE
MOO