HomeMy WebLinkAbout1532 - Sale of Property to Gerald MadiganU
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RESOLUTION NO. t
WHEREAS, GERALD:N. MADIGAN, a single man, has this day
offered to the CITY OF NEWPORT BEACH, the sum of $599.00 for
Lots 3 and 4, Tract 948, in the city of Newport Beach, as shown
on Map recorded in Book 30, page 7 of Miscellaneous Maps, records
of Orange County, California; and
WHEREAS, the said price is a fair and adequate price
as and for the purchase price of said lot; and
WHEREAS, the City Council of the City of Newport Beach
deems that it is for the best interests of said City that said
property be sold for the saidsum of $ 550.00; and
WHEREAS, the price offered is just, fair and adequate
and is not disproportionate to the real value of the property
above described.
NOW, THEREFORE, BE IT RESOLVED: That said property
be 'sold to the said Gerald N. Madigan, a single man, for the sum
of $550.00, free and clear of all encumbrances, subject to the
taxes for the fiscal year 1939 -40, and unpaid improvement
assessments of record. Also subject to conditions, restrictions
and reservations of record. The Mayor and the City Clerk are
hereby authorized and directed to execute and deliver a deed for
said property to the said party upon receipt of the consideration
above set forth.
BE IT FURTHER RESOLVED: That the sum of $55.00 be
paid to L. W. Briggs, as and for his commission for the negotiati
of the sale of said real property to Gerald N. Madigan, said sum
being a fair and reasonable commission to be allowed in said sale
and said broker being a licensed realtor of the City of Newport
Beach.
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ZTTEST:
{ �1
I hereby certify that the above and
Resolution was duly and regularly passed and
City Council of the City of Newport Beach at
regular meeting thereof held on the 25 -'$h day
by the following vote to —wit:
AYF{S, COUNCILMEN:��b`
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NOES, COUNCILMEN:
foregoing
adopted by the
an adjourned
of February, 1939,
-f e"
ABSENT, COUNCILMEN: I hie.
..
M
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