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HomeMy WebLinkAbout1343 - Deed to City by Ralph MaskeyV t z1 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 RESOLUTION NO. WHEREAS, there has this day been presented to the City Council of the city of Newport Beach a certain agreement wherein the city of Newport Beach is referred to as the Optioner, and Ralph P. Maskey is referred to as the Optionee; and WHEREAS, said agreement provides that certain properties in West Newport have been deeded to the city of Newport Beach for non - payment of city taxes and assessments; and WHEREAS, said agreement further states that because of the tax moratoria enacted by the city of Newport Beach it will be difficult to clear title to said real property prior to the expiration of the calendar year 1938; and WHEREAS, Ralph P. Maskey and Irene Maskey, his wife, legal owners of said property above mentioned, have deeded said property to the city of Newport Beach in consideration of the said city of Newport Beach executing said agreement; and WHEREAS, said agreement provides that the city of Newport Beach shall derive certain benefits from said transfer, which said benefits are specifically set forth in said agreement; and {' WHEREAS, said agreement further provides that in consideration of the Optionee transferring said properties to the Optioner, that the said Optioner will grant to Optionee the right to purchase certain properties at the prices set forth in said agreement, for a period of 42 months from and after the date of said agreement; and WHEREAS, the City Council of the city of Newport Beach deems that it is for the best interests of said city that said agreement be entered into with the said Ralph P. Maskey, upon the terms and conditions and for the consideration therein set LAW OFFICES OF forth. ROLAND T'HOMPSON 310 SPURGEON BUILDING SANTA ANA. CALIFORNIA i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 2.2 23 y24 -25 ^26, 27 And WHEREAS, the City Council of the city of Newport Beach deems that the considerations for the making and execution of said agreement are in all respects fair, just and adequate and that it is for the best interests of said city that said agreement be executed. NOW9 THEREFORE, BE IT RESOLVED; That the Mayor and City Clerk of the city of Newport Beach be, and they are hereby directed, authorized and instructed to execute said agreement in the name of and on behalf of the city of Newport Beach, and that the City Clerk deliver a duly executed copy thereof to the Optionee therein named. 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 an an adjourned regular meeting thereof held on the 16th day of May, 1938, by the following vote, to —suit; AY S, COUNCI N; 2 NOES, COUNCILMEN; l \\mv�_ ABSENT, COUNCILMEN: Mayor gf the city of T• Beach 28 29 A 30 31 32 LAW OFFICES OF ROLAND THOMPSON 310 SPURGEON BUILDING SANTA ANA, CALIFORNIA And WHEREAS, the City Council of the city of Newport Beach deems that the considerations for the making and execution of said agreement are in all respects fair, just and adequate and that it is for the best interests of said city that said agreement be executed. NOW9 THEREFORE, BE IT RESOLVED; That the Mayor and City Clerk of the city of Newport Beach be, and they are hereby directed, authorized and instructed to execute said agreement in the name of and on behalf of the city of Newport Beach, and that the City Clerk deliver a duly executed copy thereof to the Optionee therein named. 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 an an adjourned regular meeting thereof held on the 16th day of May, 1938, by the following vote, to —suit; AY S, COUNCI N; 2 NOES, COUNCILMEN; l \\mv�_ ABSENT, COUNCILMEN: Mayor gf the city of T• Beach