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HomeMy WebLinkAbout1796 - Sale of Property to Fred & Ruth Reinhold.� 4 ,* 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 N0. �7�� WHEREAS, FRED E. REINHOLD and RUTH M. REINHOLD, husband and wife, have this day offered to the CITY OF NEWPORT BEACH, the sum of $1150.00 for the Northeasterly and -half of Lot 16, all of Resub of Lots 18 and 20, Block 139; and Lots 29 and 30, Block 142, Corona del Mar, in the city of Newport Beach, as shown on Map recorded ii book 4, page 67 of Miscellaneous Maps, records of Orange County, California; and WHEREAS, the said price is a fair and adequate price as and for the purchase price of said lots; and WHEREAS, the City Council of the City of Newport Beach deems that it is for the best interests of said City that said property be sold for the said sum of $1150.00; and WHEREAS, the price offered is just, fair and adequate and is not disproportionate to the real value of the property above described. NOW, THEREFORE, BE IT RESOLVED: That said property be sold to the said Fred E. Reinhold and Ruth M. Reinhold, husband and wife, for the sum of $1150.00, free and clear of all encumbr„ subject to the taxes for the fiscal year 1940 -41 and unpaid improvement assessments of record. Also subject to conditions, restrictions and reservations of record. The Mayor and the City Clerk are hereby authorized and directed to execute and deliver a deed for said property to the said parties upon receipt of the consideration above set forth. BE IT FURTHER RESOLVED: That the sum of $115.00 be pai to Hal Will Smith, as and for his commission for the negotiating of the sale of said real property to Fred E. Reinhold and Ruth M. Reinhold, his wife, as joint tenants, said sum being a fair and reasonable commission to be allowed in said sale, and said broker being a licensed realtor of the City of Newport Beach. e e 1 2 3 4 5 6 7 8 9 10 11 12 13 14 10 t7-: 18 19 20 21 22 23 24 25 26 27 28 • 29 30 31 32 L� 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 an adjourned regular meeting thereof held on the 15th day of April, 1940 by the following vote, to -wit: T: :Cle