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• <br />M <br />m <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />RESOLUTION N0 <br />WHEREAS, EDWARD Y. PORTER, has this day offered to the <br />CITY OF NEWPORT BEACH, the sum of $650.00 for Lots 32 and 34, in <br />Block 143, Resubdivision of Corona del Mar, in the City of Newport <br />Beach, as shown on a Map recorded in Book 4, page 67 of Miscellan- <br />eous Maps, records of Orange County, California; and <br />WHEREAS, the said price is a fair and adequate price <br />as and for the purchase price of said lots; and <br />WHEREAS, the City Council of the City of Newport Beach <br />deems that it is for the best interests of said City that said <br />property be sold for the said sum of $650.00; and <br />WHEREAS, the price offered is just, fair and adequate <br />and is not disproportionate to the real value of the property <br />above described. <br />NOW, THEREFORE, BE IT RESOLVED: That said property be <br />sold to the said Edward Y. Porter, a married man, as his separate <br />1property,' for the sum of $650.00, free and clear of all encumbrance l* <br />subject to the second half of the taxes for the fiscal year 1940 -4 <br />Also subject to conditions, restrictions and reservations of recor <br />The Mayor and the City Clerk are hereby authorized and directed to <br />execute and deliver a deed for said property to the said party <br />upon receipt of the consideration above set forth. <br />BE IT FURTHER RESOLVED: That the sum of $65.00 be paid <br />to H. Cardoza Sloan, as and for his commission for the negotiating <br />of the sale of said real property to Edward Y. Porter, as his <br />separate property, said sum being a fair and reasonable commission <br />to be allowed in said sale and said broker being a licensed realtor <br />of the City of Newport Beach. <br />