HomeMy WebLinkAbout1763 - Sale of Property to Ralph & Jeanne Hoard0
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RESOLUTION NO.�i U
WHEREAS, there has this day been presented to the City
Council of the City of Newport Beach a certain agreemert for
sale of real estate, wherein the city of Newport Beach is the
Seller, and Dr. Ralph D. Hoard and Jeanne B. Hoard, husband
and wife, as joint tenants with the right of survivorship, are
the purchasers; and
WHEREAS, said agreement of sale provides that the
Seller will sell to the Purchasers the following described
property, to -wit:
Lot 119 Block 3, Balboa Tract, in the City of
Newport Beach, as shown on Map recorded in Book
4, page 11 of Miscellaneous Maps, records of
Orange County, California.
for the sum of $1000.00, payable as follows: $50.00 on accept-
ance of this contract, and the balance at the rate of $50.00 or
more per month, commencing on the 15th day of March, 1940, with
interest at the rate of 6% per annum, payable semi- annually,
upon the terms and conditions in said Agreement for Sale of
Real Estate set forth; and
WHEREAS, the City Council of the City of Newport Bea
deems that it is for the best interests of said city that said
Agreement be executed on behalf of the city of Newport Beach.
NOW, THEREFORE, BE IT RESOLVED: That the Mayor and
City Clerk of the City of Newport Beach be, and they are hereby
directed and instructed to execute said agreement on behalf of
the City of Newport Beach, and the City Clerk is instructed to
deliver a duly executed copy thereof to the Purchasers therein
named.
I hereby certify thtt the above and foregoing Resolut
was duly and regularly passed and adopted by the City Council
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of the City of Newport Beach at an adjourned regular meeting
2 thereof held on the 19th day of February, 1940, by the following
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vote, to -wit:
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4PES, COIIN;UIEN: CORIPM MAIRE 17I". TSOF
b'zL�
IFS, COUNGEiir''_11:
MLYor of YtIfe City o ewpart Beach
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