HomeMy WebLinkAbout1611 - Sale of Property to Capital Investment CoS
s
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 li
30
31
32
LAW OFFICES OF
"LAN. THOMPSON
- "'6PUR LEON BUILDING
ANA, CALIFORNIA
P-
RESOLUTION NO. _ [�
WHEREAS, the Capital Investment Company, a
corporation, of Los Angeles, California, has this day offered
to the City of Newport Beach, $300.00 for all of its right,
title and interest in and to all that certain real property
situated in the City of Newport Beach, County of Orange, State
of California, and more particularly described as follows:
Lot 19, Block "J ", Tract 518
And WHEREAS, the Capital Investment Company, a
corporation, also owns an interest in said property which is
equal to that of the city of Newport Beach; and
WHEREAS, the City of Newport Beach deems that the
offered
consideration for its interest in said property is fair, just
and adequate and not disproportionate to its actual value; and
WHEREAS, the City of Newport Beach further believes
that it is for the best interests and benefit of said city that
all the right, title and interest of said city be sold to the
Capital Investment Company, a corporation, for the price offered,
to -wit, $300.00.
NOW, THEREFORE, BE IT RESOLVED: That the City of
Newport Beach sell to the Capital Investment Company, a corpora -
tion, all of its right, title and interest in and to the property
hereinbefore described, for the sum of $300.00, and that said
interest be sold by Quitclaim Deed without warrantee or
guarantee of any description, except that said property shall be
transferred free and clear of all city taxes and assessments now
due or payable, including taxes and assessment for the fiscal
year 1938 -1939.
1.
r'
I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24 1
25
�s
26
27
28
29
30
31
32
LAW OFFICES OF
ROLANO THOMPSON
210 SPURGEON BUILDING
SANTA ANA. CALIFORNIA
7+ �
V
BE IT FURTHER 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 Quitclaim
Deed in and name of and on behalf of the city of Newport Beach
and that the City Clerk deliver said Quitclaim deed to the
Capital Investment Company, a corporation.
I hereby certify that the above and foregoing
Resolution was duly and regularly passed and adopted by the
City Council of the City of Newpor'y Beach at a regular meeting
of said City Council on the let day of May, 1939, by the
following vote,to —wit:
Newport -Beach
L*
l IY 1 .
NOES, COUNCILMEN:
ABSENT, COUNCILMEN:
Mayor gff the city of Newport
Beach