HomeMy WebLinkAbout1812 - Sale of Property to Edward Lau1
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P.
RESOLUTION NO.IL2fo
WHEREAS, EDWARD JOHN LAU, a single man, has this day
offered to the CITY OF NEWPORT BEACH, the sum of $150.00 for Lot
3, Block 233, Lake Tract, in the city of Newport Beach, as shown
on Map recorded in Book 4, page 13 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 lot; 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 $150.00; and
WHEREAS, the price offered is just, fair and adequate
land is not disproportionate to the real value of the property
labove described.
NOW, THEREFORE, BE IT RESOLVED: That said property be
sold to the said Edward John Lau, a single man, for the sum of
$150.00, free and clear of all encumbrances, subject to the taxes
for the fiscal year 1940 -4 and unpaid improvement assessments of
record. Also subject to conditions, restrictions and reservation
of record. The Mayor and the City Clerk are hereby authorised an
directed to execute and deliver a deed for said property to the
said party upon receipt of the consideration above set forth.
BE IT FURTHER RESOLVED: That the sum of $15.00 be
paid to Ralph P. Maskey, as and for his commission for the
negotiating of the sale of said real property to Edward John Lau,
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.
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2 I hereby certify that the above and foregoing Resoluti
3 was duly and regularly passed and adopted by the City Council of
40 4 the City of Newport Beach at a regular meeting thereof held on
5 the 6th day of May, 1940 by the following vote, to -wit:
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3T:
Ale:
AYES, COUNCILMEN: REED CLAIRE ALLEN
BROWN GORDON
NOES, COUNCILMEN: NONE
ABSENT, COUNCILMEN" NONE
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