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HomeMy WebLinkAbout5388 - Real Property IndentureWWC:me 3/16/6 L (12) 1 RESOLUTION NO. 538 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ACCEPTING AN INDENTURE.GRANTING cif 3 REAL PROPERTY TO THIE.CITY�r� 4 5 WHEREAS, there has been delivered to the City of Newport g Beach an indenture dated the 26th day of January, 1961, in which 7 the Southern Pacific Company, a corporation, grants to the City of 8 Newport Beach, a municipal corporation, all that certain piece or 9 parcel of land situate in the City of Newport Beach, County of 10 Orange, State of California, being a portion of that certain strip 11 of land (100 feet wide) described in deed to Pacific Electric Rail - 12 way Company, recorded in Book 785, page 457 of Official Records, 13 in the Office of the Recorder of said County, described as follows: 14 BEGINNING at the point of intersection of the southerly line of land described in deed to 15 the City of Newport Beach recorded in Book 332, page 15 of Deeds in the office of said-Recorder 16 with a line..parallel with and distant 24.00 feet southwesterly, measured at right angles, from the 17 easterly line of said strip of land (100 feet wide); thence South 19 °42130" East along said parallel 18 line, 229.15 feet to a point; thence northwesterly along a curve to the left having a radius of 500.00 19 feet, through a central angle of 13 °24145" (a radial line to said curve at last mentioned point bears 20 North 70 017'30" East), an arc distance of 117.77 feet; thence North 33 012115" West, tangent to said 21 curve, 35.94 feet to a point; thence northwesterly along a curve to the right having a radius of 500.00 22 feet, through a central angle of 9 °56'19" (a radial line to last said curve at last mentioned point bears 23 South 56 04745" West), an arc distance of 86.73 feet to a point in said southerly line distant South 83 0231 24 00" West, thereon, 35.97 feet from the point of begin- ning; thence North-83 °23x00" East, along last said 25 line, 35.97 feet to the point of beginning, contain- ing an area of 3,580 square feet, more or less. 26 Subject to easements, restrictions, reservations, condi- 27 tions, and covenants of record. 28 EXCEPTING AND RESERVING unto Grantor, its successors and .• assigns, forever the title and exclusive right to all of the 29 minerals, minera ores and products of every kind within or underlying said land below a depth of 500 feet, including, 30 without limiting the generality of the foregoing, all petro- leum, oil, natural gas and hydrocarbon substances; TOGETHER 31I WITH the right of ingress and egress beneath the surface of said land to explore for, extract mine and remove the same 32 and the right to maintain well hoes through said land for the 0 0 1 2 3 4 5 6 7 8 9 10 it 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 purpose of removing substances from other lands, whether such lands are adjoining or removed, and every right and use neces- sary or useful to such rights, which uses may include lateral or slant drilling, boring, digging or sinking of wells, shafts or tunnels; provided, however, that Grantor, its successors and assigns, shall not use or enter upon the sur- face of said land and shall not disturb any improvements thereon and shall not penetrate or remove substances within 500 feet of the surface. ALSO RESERVING UNTO GRANTOR the right of surface access over the above described property in order to provide ingress and egress over said property to the adjoining property of Grantor until such time as said property is improved as a public street. Thereafter Grantor shall have access to said street subject to applicable regulations of the public body having jurisdiction thereof. SUBJECT TO, and in accordance with, all applicable State and local laws; and WHEREAS, said indenture is in accordance with the agree- ment to purchase said property; NOW, THEREFORE, BE IT RESOLVED that said indenture be accepted and the City Clerk is authorized and directed to execute and attach a certificate of acceptance and consent to the record- ing of said indenture in the County Recorder's office. ADOPTED at an adjourned regular meeting this 20th day of March, 1961, Mayor ATTEST: City Clerk — 2. 0 0 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF NEWPORT BEACH) I, MARGERY , City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and maintained in my office, the foregoing Resolution No. 5388 was duly and regularly adopted, passed, and approved by the City Council of adjourned the City of Newport Beach, California, at ar4regular meeting of said City Council held at the regular meeting place thereof, on the 20th day of vote, to wit: AYES, COUNCILMEN: NOES, COUNCILMEN: ABSENT, COUNCILMEN Dated this March , 19 61 , by the following Kingsley, Atkinson, Cook, Stoddard, Hart, Lorenz, Somers None None 21st day of March 19 61 . City er an x- cio er o t e City Council, City of Newport Beach, State of California.