HomeMy WebLinkAboutReso - CC - 041-1946RESOLJI-,TIO?? NO. 41-46
WTI-hR AS, the Hills ,"Vater Company$ a corporation, has
made an offer to lease and sell to the City of Burlingame all
of the assets of the said corporation, pursuant to the terms
of an offer, a copy thereof is attached hereto and included
herein by reference; and
lV:IEREAS, the City Council of the City of Burliname dee.iiing
it to be for tine advantage and best interest of the City that
the said offer be accepted;
NOVI THEREFORE, I IS IIEzEBY RESOLVED, by the City Council
of the City of Eurlingame, at a special rneeting }yield for the
purpose of considerinr,, the proposition, that the offer of the
Hills Water Company. a corporation, ,to lease and sell to the
City of Burlingame, all of the assets of said corporation
according to the terms set forth in said offer, a copy of which
is hereto attached, D. and the same is hereby accepted; that
the City !':lerk imr�_ediately notify said Dills Water Company, of
the acceptance of the offer to lease and sell its property to
the City of Burlingame, and accordin to the terms t1le-rei n set
forth.
IT IS q'URT-�ER RE'SOLITED that the City Attorney and t:3e City
Enn—i.neer are designated to ne otiate for the consilinyriation of
the aSreeraent and upon final conclusion, rep ort the s ar:ie to the
City Council for approval.
f',
erbert Larris - �'ayor
I, Herbert K. j1,Vhite, City Clerk of the City of Burlin-re
do ;Hereby certify that the foregoing resolution `eras introduced
at a special meetinm of the rurlin„ame City Council, held on
.iovezri)er 2Z, 1946, and au.opted by the ollu ir.q� vote:
A` ES: COUTIOIIIJEN: Dahl -Harr 1.s-Hun t-Si:.nonds -
NOES: C None
ABSENT CO:UFCILITEIv: Maitsell
HILLS WATER COMPANY
1319 HOWARD AVENUE
BURLINGAME, CALIFORNIA
November 22, 1946
To the Honorable Mayor and
members of the City Council
of the City of Burlingame
Burlingame, California
Gentlemen:
The undersigned, by resolution of its Board of
Directors, duly adopted and authorized ,�t here,,,�,,FY of
�f'ers to lease
to the CITY OF BURLINGAI,E all of the" x1 c�a"T'p4roperties of HILL
WATER COIVPANY, a corporation, including land, reservoirs, trans-
mission and distribution mains, services, meters, hydrants,
valves, fittings, pumping plant and all appurtenances, maps,
meter books, record books ana all other physical properties of
said company at a monthly rental of T1.1,10 L'UNDRED ANT- N01100
DOLLAMS ( 200.0 ayable in advance commencing on the tenth
(loth) day of ' r, 194Y and thereafter on the loth day
of each consecutive month up to and including June loth, 1947.
The CITY OF BURLINGA 3 shall have the right to collect and�-.,,
withhold as its own all proceeds of sales of water after
10th, 1944�' - water bills and consurners accounts to be pro -rated
as of that date. C40h a►� aece,ftfr reee-Prw6/e hof �nc,wda� hT
1{�'�
n addition to the foregoing lease, the said HILLS
VATER C014PAITY hereby grants to the CITY OF BURLINGAME an option
to purchase all of the above mentioned physical properties for
the sum of THIRTY FIVE THOUSxND ANM N01100 DOLLARS (��,35, 000. 00 )
cash, provided that this option to purchase be exercised and
the offer accepted on or before June 10,1947.
Time is the essence of this agreement,
Yours truly,
MILLS svAT iR 00YIPANY
"'W71, i .� , .__ �, _100,
T
1 �
Secretary
Nave r.,,ber 27, 1046
Hills Vlater Company
1311 11ovmrd Avenue
i Burlingame,, California
Gentlemen:
At a special meotln7 - 11
, of the City Council ;.,-old
Oaturday,, 1"3rd, your o:Ter, dated 11ove--,Abor
22n,d, to '.ease with the option to Purellaso t1ae
assets of the -Hills ','ater Company was accepted.
The Council at this raeetin:; adopted Posolution
ITo. 41-460 authoriZing the accopt"m--ce of Vie of"far.
It was dul-7 passed.
Yours very tzaly..
CITY OP BURLINGAME
TITMOFIE,
City