HomeMy WebLinkAbout2488 - Sale of Property to Gerald Ritchien
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RESOLUTION NO.y ^
WHEREAS, GERALD W. RITCHIE, a married man, has this day
offered to the CITY OF NEWPORT BEACH, the sum of ?180.00 for Lot
2, Block 734, Corona del Mar, in the City of Newport Beach, as
shown on a Map recorded in Book 3, pages 41 and 42 of Miscellan-
eous Maps, records of Orange County, California; and
WHERF..A.S, the said price is a fair and adequate price
as and for the purchase price of said lot; and
WHEREAS, the City Council. ofthe 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 8180.00; 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 Gerald W. Ritchie, a married man, for the sum of
160.00, free and clear of all encumbrances, subject to the taxes
for the fiscal year 1941 -42. Also subject to conditions, rastri.c-
tions and reservations of record. The Mayor and the City Clerk sr
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.
B^ IT FURTHER RESOLVED: That the sum of $45.00 be paid
to G. W. Ritchie, as and for his commission for the nepotiatina of
the sale of said .real pronerty to Gerald W. Ritchie, a marri.e0. man,
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.
I hereby certify that the above and foregoing Resolution
was duly and regularly passed and adopted. by the City Council of
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the City of Newport Beach at an adjourned regular meeting thereof
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held on the lath day of November, 1941, by the following vote,
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to —wit:
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TEST: Mayor of the City of Newport Apa
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ty Clerk
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