HomeMy WebLinkAbout2225 - Sale of Property to Loyd & Eleanore Folsom1
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RESOLUTION NO.)
WHEREAS, LOYD T. FOLSOM and ELEANORE FOLSOM, husband
and wife, have this day offered to the CITY OF NErPORT BEACH,
the sum of $175.00 for Lot 39, Block 239, Corona del Mar, in the
City of Newport Beach, as shown on a Map recorded in Book 3 pages
41 and 42 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
AREAS, 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 $175.00;and
WHEREAS, the price offered is just, fair and adequate
and is not disproportionate to the real value of the property
above described.
NOM, THEREFORE, BE IT RESOLVED: That said property be
sold to the said Loyd T. Folsom and Eleanore Folsom, husband and
wife, for the sum of $175.00, free and clear of all encumbrances,
subject to the taxes for the fiscal year 1941 -42, 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 $43.75 be
paid to Gerald W. Ritchie , as and for his commission for the
negotiating of the sale of said real property to Loyd T. Folsom
and Eleanore Folsom, 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
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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 May, 1941, by the following vote, to -wit:
AYES, C'O'"raCILMEN: REED CLAIRE ALLE14
BROWN GORDON
POES, CO ;NXILVEN: NONE
ABSENT, COUNCILMEN: NONE,