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HomeMy WebLinkAbout1763 - Sale of Property to Ralph & Jeanne Hoard0 -0 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.�i U WHEREAS, there has this day been presented to the City Council of the City of Newport Beach a certain agreemert for sale of real estate, wherein the city of Newport Beach is the Seller, and Dr. Ralph D. Hoard and Jeanne B. Hoard, husband and wife, as joint tenants with the right of survivorship, are the purchasers; and WHEREAS, said agreement of sale provides that the Seller will sell to the Purchasers the following described property, to -wit: Lot 119 Block 3, Balboa Tract, in the City of Newport Beach, as shown on Map recorded in Book 4, page 11 of Miscellaneous Maps, records of Orange County, California. for the sum of $1000.00, payable as follows: $50.00 on accept- ance of this contract, and the balance at the rate of $50.00 or more per month, commencing on the 15th day of March, 1940, with interest at the rate of 6% per annum, payable semi- annually, upon the terms and conditions in said Agreement for Sale of Real Estate set forth; and WHEREAS, the City Council of the City of Newport Bea deems that it is for the best interests of said city that said Agreement be executed on behalf of the city of Newport Beach. NOW, THEREFORE, BE IT RESOLVED: That the Mayor and City Clerk of the City of Newport Beach be, and they are hereby directed and instructed to execute said agreement on behalf of the City of Newport Beach, and the City Clerk is instructed to deliver a duly executed copy thereof to the Purchasers therein named. I hereby certify thtt the above and foregoing Resolut was duly and regularly passed and adopted by the City Council i�a 1 of the City of Newport Beach at an adjourned regular meeting 2 thereof held on the 19th day of February, 1940, by the following 3 vote, to -wit: 4 5 6 7 8 9 10 - -- 11 J8Ti 12 13 J` :Ci�tY:..Q 15 16 17 18 19 20 21 22 23 24 25 26 27 28 i29 30 31 32 4PES, COIIN;UIEN: CORIPM MAIRE 17I". TSOF b'zL� IFS, COUNGEiir''_11: MLYor of YtIfe City o ewpart Beach /q