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ea-0 12326 <br />Resolution No. 7 <br />PARCEL B <br />Commencing at the point of intersection of the northwestern line of <br />Toler Avenue with the southwestern line of East 14th Street; thence along <br />said southwestern line of East 14th Street, north 300 55' 20" west 12.00 <br />feet; thence south 590 04' 40" west 20.00 feet to the ACTUAL POINT OF <br />BEGINNING; thence south 59' 04' 40" west 49.00 feet; thence south 300 55' <br />20" east 12.00 feet to the said northwestern line of Toler Avenue; thence <br />along said northwestern line of Toler Avenue, south 590 04' 40" west 3.00 <br />feet; thence north 30" 55' 20" west 46.00 feet; thence north 59' 04, 40" <br />east 52.00 feet; thence south 30° 55' 20" east 34.00 feet to the actual <br />point of beginning. <br />The above described parcel of land contains 1,804 square feet, more or <br />less. <br />AND WHEREAS, the Mayor of the City of San Leandro by letter dated March <br />28, 1984, addressed to the Chairman of the Board of Supervisors has served <br />notice of the City's intention to exercise the option to purchase the San <br />Leandro Municipal Court Building as provided for under Section 12 of said <br />lease; and <br />WHEREAS, Section 12, entitled OPTION TO PURCHASE THE PROPERTY, reads: <br />"Lessor hereby grants to Lessee the exclusive right and option which shall be <br />irrevocable during the term of this Lease to purchase the said Property at any <br />time, by paying to Lessor the full option price. The estimated total <br />investment of the Lessor for the purposes of this Lease is hereby agreed to be <br />$496,7W The option price at any time shall be the then unpaid balance of <br />the foregoing estimated total investment remaining after subtracting therefrom <br />all payments made by Lessee to Lessor pursuant to Section 3(a) of this Lease." <br />AND WHEREAS, the rental paid to the County of Alameda by the City of San <br />Leandro under Section 3(a) as verified by the Alameda County Auditor - <br />Controller's Office totals $225,000.00 thereby leaving a balance due from the <br />City of San Leandro under the terms of the option of $271,746. <br />NOW, THEREFORE BE IT RESOLVED, that the Chairman of this Board of <br />Supervisors be and he is hereby authorized and directed to execute on behalf <br />of the County of Alameda, a political subdivision of the State of California, <br />(GRANTOR), a Grant Deed conveying the hereinabove described real property to <br />the City of San Leandro, a municipal corporation of the State of California, <br />(GRANTEE), said deed to be forwarded to the Director, General Services Agency, <br />to be by him recorded upon GRANTEE'S compliance with all of the terms and <br />conditions of the aforementioned option to purchase property; and <br />BE IT FURTHER RESOLVED, that the payment made by GRANTEE in the amount of <br />$271,746. shall be deposited in the Auditor's Account Number 147-7001. <br />f ChRTI"� i! Itt i Ttir�FaFcGoamn IS A COR <br />'iECT COPY OK AP Zrl it UT 1011 ADOPT 4Q 47V <br />THE E1OARD OF SISPtRARa 1 U iOA <br />H4 <br />COUNTY, CALIFORNIAf +�------- �Cf <br />AA R 1Q�.'_._... <br />FITTEST: ----- CLERK Of. <br />MEHRWEIN, <br />AID C ERVI RS <br />BY• <br />Gi�.L /-14 <br />,4 AIV 7s !444- 4-,& <br />