HomeMy WebLinkAbout1723 - Sale of Property to Lawrence & Pauline Lushbaugh1
RESOLUTION N0. o�, %c
2
3 WHEREAS, on the 3rd day of January, 1938, the City
4 of Newport Beach sold to LAWRENCE LUSHBAUGH and PAULINE LUSHBAUGH,
5 husband and wife, as joint tenants, under contract, all that
6 certain real property situated in the City of Newport Beach,
7 County of Orange, State of California, and more particularly
8 described as follows, to —wit:
9 The Southeasterly 40 feet of Lot 1 in Block
"D" of Tract No. 323, in the city of Newport
10 Orange County, California,
11 for the sum of $600.00, payable as follows: $100.00 upon the
12 execution of the contract, and the balance of $500.00 in the
13 following manner: $20.00 or more on the lat day of February,
14 1938, and like payments of $20.00 or more on the let day of
15 each and every month thereafter until the full sum of $600.00
16 should have been paid, together with interest at the rate of
17 six percent per annum, payable semi— annually; and
18 WHEREAS, the said Lawrence Luehbaugh and Pauline
19 Luehbaugh have paid the purchase price of said property in full
and now are entitled to a deed and policy of title insurance as in
20.
said contract provided, showing said title vested in the said
21
22 Lawrence Luehbaugh and Pauline Luehbaugh, husband and wife, as
Joint tenants with the right of survivorship; and
23
WHEREAS, in the opinion of the City Council of the
24
City of Newport Beach the sum of $600.00 for said described proper..
25
ty was and is a fair and just consideration and said purchase price
26
of $600.00 is not disproportionate to the actual market value
27
of said property; and
28
WHEREAS, the City Council ofthe city of Newport Beach
29
deems that it is for the best interests and benefit of said city
• 30 that said property be sold and a deed be given thereto as in said
31 contract provided.
32
LAW OFFICES OF
ROLAND THOMPSON
310 SPURGEON BUILDING
SANTA ANA. CALIFORNIA
1.
111
NOW, THEREFORE,
BE IT
RESOLVED:
That
J.
A.
Gant, as
2
Auditor of the city of
Newport
Beach, be
and
he
]s3
hereby
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
instructed and directed to obtain for the purchasers of said
property as in said contract provided, a Policy of Title
Insurance, showing the title to be vested in the said Lawrence
Lushbaugh andPauline Lushbaugh, husband and wife, as joint
tenants with the right of survivorship, free and clear of all
encumbrances except such encumbrances or liens made or suffered
by said Lawrence Lushbaugh and Pauline Lushbaugh, husband and
wife, and subject to all taxes and assessments nor of record.
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 make, execute and
deliver to the said Lawrence Lushbaugh and Pauline Lushbaugh,
a good and sufficientdeed to said described property, in form
this day presented.
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 5th day of February, 1940, by the following
vote, to —wit:
y.
28
�� t29, ATTE
-' 30-
F
31_ �.
32
LAW OFFICES OF
ROLAND THOMPSON
310 SPURGEON BUILDING
SANTA ANA. CALIFORNI.
, COUNCILMEN: V , r Q:n F T `a '% y e-1
NOES, COUNCILMEN:
ABSENT, COUNCILMEN:
ayo ArftheWityo ewport
Beach
20