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HomeMy WebLinkAbout2306 - Sale of Property to EB Ackerman Company+ J 1 2 3 4 5 6 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 Xo. WHERZAE, E. B. ACKERMAN COMPANY INC., has this flay offered to the CITY OF NEWPORT BEACH, the sun of "1050.00 for i Lots 1, 3, 5, 7, 9, 11 and 12, Block 740, Corona del Lax, in the City of Newport Beach, as shown on a Map recorded in Hook 3, pages 41 and 42 of Kiscellaneous Laps, records of Orange County, California; and T;iER']AS, 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 81050.00; and WHEREAS, the price offered is just, fair and adequate and is not disproportionate to the real value of the property i above described. i NOW, THEREFORE, BE 1T RESOLVED: That said property be ` isold to the said E. B. Ackerman Company, Inc. for the sum of $1050.00, free and clear of all encumbrances, subject to the taxes ;for the fiscal year 1941 -42 and unpaid improvement assessrents 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 party upon receipt of the consideration above set forth. BE IT FURTHER RESOLVED: That the sum of $262.50 be paid to G. W. Ritchie, as and for his commission for the negotiating of the sale of said real property to E. B. Ackerman Company, Inc. .said sum being a fair and reasonable commission to be allowed in i ;said sale, and said broker being a licensed realtor 6f the City of Newport Beach. A 1E-1 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 II 32 I 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 i the 2nd day of June, 1941, by the following vote, to-wit., rk REED CLAIRE BROWN GOROOK ALLEN