1991/10/08 City Council Resolution (4)RE3ULUTI8N NO. 91-207
A RESOLUTION APPROVING SALE OF INTEREST IN PROPERTY
AND AUTHORIZING EXECUTION OF A GRANT DEED T0 DONALD L. DAVIS
AND BEVERLY G. DAVIS (EXECUTION OF TERMS OF GIFT DEED
ACCEPTED BY RESOLUTION N0. 91-185)
WHEREAS, the City has acquired certain interests in real property through a
gift deed from Jimmie N. Rogers and Sherlyn Joyce Rogers Trust, approved by
Resolution Mo. 91-185; and '
WHEREAS, the terms of the gift to the City of Rohsert Park were that the
City would immediately sell the interest in said parcel to the remaining owners
of the parcel` Donald L. Davis and Beverly G. Davis, at a stated amount of $15
per square foot; and
WHEREAS, the City's interest in said parcel is 15% of which the parcel is
determined to be 33`277 square feet, which results in proceeds of %74`873.25;
and
WHEREAS, in accordance with the terms of the gift deed, the City would
retain $40,000 to be distributed to the Dorothy Rohnort Spreckels Performing
Arts Center Endowment Fund, and that upon written notification by grantors,
Jimmie W. Rogers and 5hnrlyn Joyce Rogers` $20,000 would be distributed to the
Rancho CotDte High School and $14,873.25, or the remaining balance, distributed
to the Sonoma State University Sports Program.
NON, THEREFORE, BE IT RESOLVED by the Council of the City of Rohnort Park
that it does hereby agree t0 sell its 15% interest in Lot No. ] as indicated in
Parcel Map Nn. 137 to Donald L. Davis and Beverly G. Davis for on amount of
$74,873.25.
BE IT FURTHER RESOLVED that the City will distribute the proceeds, as
outlined above, to the following: (l) $40`000 to the Dorothy Rohnert Spreckels
Performing Arts Center Endowment Fund; and (2) upon written notification by
grantors, $20,000 to Rancho Cotate High School Sports Program; and (3) upon
written notification by grantors, $14,873'25 to the Sonoma State University
Sports Program.
BE IT FURTHER RESOLVED that any interest generated by the monies held prior
to distribution shall be retained by the City and credited to the Dorothy
Rohnort Spreckels Performing Arts Center's operations as general fund raising
interest.
BE IT FURTHER RESOLVED that the gifts to each agency shall be distributed
by and in the name of Jimmie N. Rogers and 5herlyn J. Rogers.
I
Resolution No. 91-207
BE IT FURTHER RESOLVED that that certain grant deed from the City of
Aohnert Park, n municipal corporation, to Donald L. Davis and Beverly G. Davis
be` and the same is hereby approved, and the Mayor is authorized and directed to
execute same for and on behalf of the City of Rohnort Park.
BE IT FURTHER RESOLVED that the City Manager is hereby authorized to handle
all the details and execute all documents necessary to complete the sale of the
property to Donald L. Davis and Beverly G. Davis, and to make all other
distributions as outlined in this resolution.
DULY AND REGULARLY ADOPTED this 8th day of October, I991.
CITY OF R0HNEAT PARK
CITY cza'==--L
Deputy City Clerk
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