HomeMy WebLinkAboutContracts & Agreements_6-1963AGREEMENT
THIS AGREEKENT, by and between the CITY OF REDLAUDS,
hereinafter called "City" and THE HRRRIS COMPANY, REDLANDS
SECURITY COMPROY, CUNNINGHAM PHARMACIES, INCORPORATED, and
PAUL E. LOHMAN, doing business as WESTERN AUTO ASSOCIATE STORE,
hereinafter called "Owners," is dated this 26th day of
MARCH 1963.-
WHEREAS, the City owns real property in the City of.
Redlands, County of San Bernardino, State of California (upon
which the Hall of Justice and Police Department buildings and
parking lot have been located in the past) described as follows:
Baker and Shoreys Subdivision, Lots
1, 2, 7, 8, 9 and 10 as recorded in
Map Book 1, page 23, records of San
Bernardino County. (See Exhibit "A"
attached hereto)
Said real property shall hereinafter he referred to as "premises";
and
WHEREAS, the Board of Parking Place Commissioners of the
City of Redlands, hereinafter called "Board," has requested the
City Council to retain possession and title to the premises until
such time as said Board determines whether such premises are
suitable for development into public parking lots within Vehicle
Parking District No. 1; and
WHEREAS, Owners hold title to assessible lands within
Vehicle Parking District No. 1, and have agreed to make a loan
to the City totaling $20,000.00 without interest for and in
consideration of the City's agreement to retain possession and
title to premises which shall be operated, maintained, and
controlled- by the -Board---unt'
the property shall be used for parking lots, or sold to obtain
funds which shall be empended for the acquisition of additional
parking places; and
WHEREAS, the cost of acquiring premises by assessments
or other means of raising funds in accordance with the powers
of the Board under the Vehicle Parking District Act of 1943,
shall not e%csed $35,000.00 which sum is stipulated by the City,
the owners herein, and the Board to be the fair market value of
premises; and
WHEREAS, the loans referred to shall not be due and payable
by the City before January 2, 1965; and
WEEREAS, the City Council authorized the acceptance of
such loans by City subject to the terms and conditions of this
Agreement in its regular meeting held on the 19th day of February,
1963; and
FOR RUD IN CONSIDEPATIM of the mutual covenants contained
herein, the city agrees as follows:
1. To retain title and possession to the premises
as herein described until such time as the Board determines
whether the premises should be permanently developed for parking
lot use or sold to obtain funds for the development of substitute
parking facilities;
2. To authorize the Board to operate, maintain,
and control premises until such a determination as to disposition
of the premises has been made;
3. To accept a loan of $20,000.00 or less,
interest free from Owners which loans shall become due and pay-
able on or before January 2, 19657
4. To require no more -than $35,000.00 to be
raidedMher by -MA "nten;"'tor o ?n % 9"WARIancing
in accordance with the Vehicle Parking District Act of 1943 to
-2-
pay the cost of acquisition of the premises for exclusive use as
parhing places within Vehicle Parking District No. 1.
FOR AND Ili CONSIDERATION of the mutual covenants set
Earth herein, Owners agree as follOWs:
1. To each loan 5,000.00 to City with such loans
to be due and payable on January 2, 1965, unless City shall
elect to pay such amount before that date.,
2. To charge no interest for the loans made to
City in accordance with this Agreement.
THE FEkRRS COMPANY
REDLANDS SECURITY COMPANY
1. -N . -'IVCQRP0P=U-
-N -RMACIES CU LINGHM,PHA
, ;�f ' �194
By
PAUL E. LOHMAN, dba WESTERN AUTO
ASSOCIATE -)STORE
B
APPROVED FOR FORK: CITY OF REDLANDS
sZ Edward F. Taylor By
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Numbers Shown !n Circles