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HomeMy WebLinkAbout2429 - Sale of Property to Abe Cosby1 RESOLUTION NO. a,J aq 2 3 WHEREASP ABE COSBY, an unmarried man, has this day offered to the CITY OF NEWPORT BEACH, the sum of $1180.00 for Lot 10, 4 5 Block 439; Lots 21 and 22, block 440; Lot 21, Block 441; Lot 1, Block 539; and Lot 2, Block 542, all in Corona del Mar, in the 6 7 City of Newport Beach, as shown on a Map recorded in Book 3, pages 8 41 and 42 of Miscellaneous Maps, records of Orange County, California; and 9 10 WHEREAS, the said price is a fair and adequate price as and for the purchase price of said lots; and 11 WHEREAS, the City Council of the City of Newport Beach 12 13 deems that it is for the best interests of said City that said 14 property be sold for the said sum of $1180.00; and 15 WHEREAS, the price offered is just, fair and adequate 16 and is not disproportionate to the real value of the property 17 above described. 18 NOW, THEREFORE, BE IT RESOLVED: That said property be 19 sold to the said Abe Cosby, an unmarried man, as his separate 20 property, for the sum of $1180.00, free and clear of all encumb- 21 rances, subject to the taxes for the fiscal year 1941 -42 and 22 unpaid improvement assessments of record. Also subject to 23 conditions, restrictions and reservations of record. The Mayor 24 and the City Clerk are hereby authorized and directed to execute 25 and deliver a deed for said property to the said party upon 26 receipt of the consideration above set forth. 27 BE IT FURTHER RESOLVED: T1B t the sum of $295.00 be paid 28 to G. W. Ritchie, as and for his commission for the negotiating 29 of the sale of said real property to Abe Cosby, an unmarried man, 30 as his separate property, said sum being a fair and reasonable 31 commission to be allowed in said sale, and said broker being a 32 licensed realtor of the City of Newport Beach. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16G 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 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 Pith day of October, 1941, by the following vote, to -wit: ST: Cler AYES, 6PVEAL�W1E ?1: REED ALLEN BROWN MROUR ��...�., A,P.�. -'.' °'^ Nubs CL IUSIIMZN: C", "11 i r of the City of Newport Beac,