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s _ <br />RESOLUTION NO. <br />1 WHEREAS, Charles H. Peaks and Helene G. Peaks, <br />2 husband and wife as joint tenants, have this day offered to the <br />3 CITY OF NEWPORT BEACH, the sum of $300.00 for Lots d and 24, <br />4 Block 45, River Section, in the City of Newport Beach, as shown <br />5 on a Map recorded in Book 4, Page 25 of Miscellaneous Maps, <br />6 <br />records of Orange County, California; and <br />7 <br />S WHEREAS, the said price is a fair and adequate price <br />9 as and for the purchase price of said lot; and <br />10 WHEREAS, the City Council of the City of Newport Beach <br />11 deems that it is for the beat interests of said City that said <br />12 property be sold for the said sum of $300.00; and <br />13 WHEREAS, the price offered is just, fair and adequate <br />14 and is not disproportionate to the real value of the property <br />15 above described. <br />16 NOW, THEREFORE, BE IT RESOLVED: That said property be <br />17 sold to the said Charles H. Peaks and Helen G. Peaks, husband and <br />18 wife as joint tenants, for the sum of $300.00, free and clear of <br />19 all encumbrances; subject to the last half of taxes for 1944 »45. <br />20 Also subject to conditions, restrictions and reservations of <br />21 record. The Mayor and the City Clerk are hereby authorized and <br />22 <br />directed to execute and deliver a deed for the said property to <br />23 <br />the said party upon receipt of the consideration above set forth. <br />24 <br />BE IT FURTHER RESOLVED: That the sum of $100.00 be paid <br />25 <br />26 to Ralph P. Maskey, as and for his commission for the negotiating <br />27 of the sale of said real property to Charles H. Peaks and Helen G. <br />28 Peaks, husband and wife as joint tenants, the said sum being a <br />29 fair and reasonable commission to be allowed in said sale, and <br />30 said broker being s licensed realtor of the City of Newport Beach. <br />31 I hereby certify that the above and foregoing <br />32 Resolution was duly and regularly passed and adopted by the City <br />Council of the City of Newport Beach, <br />