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HomeMy WebLinkAboutResolution No. 1772 2535 RESOLUTION N0. 1 r' -i A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY FIXING THE ASSUMED VALUE OF LAND FOR WAIVING OFF- STREET PARKING REQUIREMENTS (Pacific Telephone Company) THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS: SECTION 1. The City Council finds that the owner of that portion of Lots 218 and 219 per Official Map filed January 13, 1964, as Document 5097 in Book 4, pages 76 -78 of Official Maps in the Office of the County Recorder of Los Angeles County, is desirous of granting certain land to the City and of paying an in -lieu fee in consideration for the require- ment of 533,67 square feet of off - street parking area being waived under and pursuant to the provisions of Section 9127.3 of the Downey Municipal Code. SECTION 2. The City Council finds that the owner of said land is the Pacific Telephone and Telegraph Company, and that said company desires to grant an easement for 358.5 square feet for public road and highway purposes for Downey Avenue, and to also pay an in -lieu fee of $875.85 for the remaining deficiency of 175.17 square feet of off - street parking area. SECTION 3. The City Council finds that said public roadway easement and the land for which the in -lieu fee is given for the purpose of fulfil - ing the requirements of Section 9127.3 and only for such purpose, have an assumed value equivalent to $2,668.35. SECTION 4. The City Council finds that if the conveying to the City of the Downey Avenue roadway easement and in -lieu fee of $875.85 as herein- above set forth is consummated, that the owner of said Lots 218 and 219 is entitled to have a waiver of 533.67 square feet of required off - street park- ing area, all as provided in Section 9127.3 of the Downey Municipal Code. SECTION 5. The City Clerk shall certify to the adoption of this resolution. APPROVED AND ADOPTED this day of t�c'tr . ,1966 y � ,1` ' Mayor e ' City Clerk I HEREBY CERTIFY that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Downey on the :}' day of i c�u?u J ,1966, by the following vote, to wit: � a AYES : - Councilmen: Z c ��%� ju, ' NOES: Councilmen: ABSENT: Councilmen: rzi City Clerk /