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HomeMy WebLinkAbout1772 - Sale of Property to Cyril BorbridgeC: 1 2 3 0 RESOLUTION N0. ^2 WHEREAS, CYRIL BORBRIDGE, a single man, has this day fered to the CITY OF NEWPORT BEACH, the sum of $250.00 for Lot 4 1134, Tract 652, Corona del Mar, in the City of Newport Beach, as 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 on Map recorded in Book 20, page 19 of Miscellaneous Maps, 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 said sum of $250.00; 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 jsold to the said Cyril Borbridge, a single man, free and clear of I fall encumbrances, subjeot to the second half of 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 receipt of the consideration above set forth. BE I1T FURTHER RESOLVED: That the sum of $25.00 be paid Ito H. Cardoza Sloan, as and for his commission for the negotiating of the sale of said real property to Cyril Bor bridge, said sum being a fair and reasonable commission to be allowed in said sale, land said broker being a licensed realtor of the City of Newport 11 Beach. ... ci 0 1 2 3 4 5 6 7 8 9 10 11 _ 12 13' 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 I hereby certify that the above and foregoing Resoluti, was duly and regularly passed and adopted by the City Council of the City of Newport Beach at a regular meeting thereof held on the 4th day of March, 1940 by the following vote, to -wit: AYES, COUNCILVIER: &OPDQN CLAIRE WH=* BROWN WILLIAMSON 'DES, COUNCILMEN: NONE IBSENT, COURCILMEN: NONE A TEST: C y-C er Mayor o�/the C y of Newport Beach