HomeMy WebLinkAbout2094 - Sale of Property to H Durwood & Jean YoungI
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RESOLUTION NO.
WHEREAS, H. DURWOOD YOUNG and JEAN EMA YOUNG, husband
and wife, have this day offered to the CITY OF NEWPORT BEACH, the
sum of $500.00 for Lot 5, Block 24, First Addition to Newport
Heights, in the City of Newport Beach, as shown on a Map recorded
in Book 4, page 94 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 said sum of $500.00; 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 H. Durwood Young and Jean Ems. Young, husband and
(wife, for the sum of $500.00, free and clear of all encumbrances,
subject to the second half of the taxes for the fiscal year 1940-4
(Also subject to conditions, restrictions and reservations of record
The Mayor and the City Clerk are hereby authorized and dirbcted to
execute and deliver a deed for said property to the said parties
1upon receipt of the consideration above set forth.
BE IT FURTHER RESOLVED: That the sum of $50.00 be paid
to John D. Burnham,' as and for his commission for the negotiating
of the sale of said real property to H. Durwood Young and Bean Ems.
Young, his wife, as joint tenants, said sum being a fair and
11reasonable commission to be allowed in said sale, and said broker
Ilbeing a licensed realtor of the City of Newport Beach.
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I hereby certify that the above and foregoing Resolution
was duly and regularly passed and adopted by the City Council of
the City of Newport Beach at a regular meeting thereof held on the
3rd day of February, 1941, by the following vote, to —wit:
eLPa3
AYE S, GL'F�Ei$: REED CLAIRE ALLEN
GROWN GORDON
No,r:, COUNCILMEN: NONE
ABSENT, COUNCILMEN: NO
E!l1TEST: �� Mayor of the City of Newport Bea
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