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<br />ROLL CALL <br /> <br />I <br /> <br />PUBLIC HEARING <br />REPUBL IC DEV. <br />CONTINUED. _/ <br />.' f <br />,I- '/.'1-,1-- <br /> <br />EXECUTIVE <br />SESS ION <br /> <br />I <br /> <br />24: 9927 <br /> <br />MINUTES <br /> <br />CITY COUNCIL AND THE ARCADIA REDEVELOPMENT AGENCY <br /> <br />ADJOURNED REGULAR MEETING <br /> <br />DECEMBER 21, 1979 <br /> <br />The City Council and the Arcadia Redevelopment Agency met in an <br />adjourned regular session at 3:30 p.m., December 21, 1979 in the <br />Conference Room. <br /> <br />PRESENT: <br />ABSENT : <br /> <br />Members Gilb, Parry, Pellegrino, Saelid, Margett <br />None <br /> <br />Disposition and Development Agreement between the Arcadia Redevelop- <br />ment Agency and the Republic Development Company for the proposed <br />sale and development of real property in the Project Area east of <br />Second Avenue. An appraisal had been obtained for the City and <br />Agency owned parcels. Agency received the report from staff concern- <br />ing the purchase price, any loss from the properties being removed <br />from the tax rolls and other related data. <br /> <br />At 3:35 p.m. the Members entered an executive session and reconvened <br />at 4:l0 p.m. <br /> <br />Following is the property description and recommended sale price <br />of the individual parcels. <br /> <br />Parcel #1 (Agency Owned): Lot 1 of $ 54,000.00 <br />Parcel Map 10724 recorded in Book Ill, <br />pages 13 and 14 of Parcel Maps in the <br />office of the Recorder of Los Angeles <br />County. <br /> <br />parcel #2 (Agency owned): The southerly $229,8l5.00 <br />156 feet of the northerly l76 feet of Lot <br />9, Tract No. 5205, as per map recorded in <br />Book 54, page 61 of Maps in the Office of <br />the Recorder of Los Angeles County; except <br />the southerly 56 feet of the northerly 76 <br />feet of the easterly 99 feet of said Lot 9. <br /> <br />parcel #3 (City owned): That portion of $ 74,l85.00 <br />Lot 9 of Tract No. 5205, in the City of <br />Arcadia, County of Los Angeles, State of <br />California, as shown on Map recorded in <br />Book 54, page 61 of Maps, in the Office <br />of the County Recorder of said County des- <br />cribed as follows: <br /> <br />Beginning at a point in the easterly'line <br />of said Lot, distant thereon South 00 02' <br />00" West 40 feet from the northeast cor- <br />ner of said Lot; thence southerly along <br />the easterly line of said lot a distance <br />of 36.00 feet; thence westerly parallel <br />with the northerly line of said Lot, a <br />distance of 97.00 feet, more or less, to <br />che easterly line of westerly 98.35 feet <br />measured along the northerly line, of said <br />Lot; thence northerly along said last men- <br />tioned easterly line 56.00 feet, to the <br />southerly line of Huntington Dr. lOO feet <br />wide, thence easterly along the south line <br />of said Huntington Dr. 77.00 feet; thence <br />south 450 00" east 28.28 feet to the point <br />of beginning. <br /> <br />-l- <br /> <br />12-21-79 <br />