HomeMy WebLinkAbout2630 - Sale of Property to Sidney & Herma King32
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RESOLUTION NO.
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WHEREAS, SIDNEY D. KING and HERMA K. KING, husband and
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wife, have this day offered to the CITY OF NEWPORT BEACH, the sum
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of $175.00 for Lot 16, Block 37, River Section in the City of
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Newport Beach, as shown on a Map recorded in Book 4, page 25 of
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Miscellaneous Maps, records of Orange County, California; and
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WHEREAS, the said price is a fair and adequate price
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as and for the purchase price of said lot; and
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WHEREAS, the City Council of the City of Newport Beach
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deems that it is for the best interests of said City that said
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property be sold for the said sum of $175.00; and
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WHEREAS, the price offered is just, fair and adequate
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and is not disproportionate to the real value of the property
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above described.
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NOW, THEREFORE, BE IT RESOLVED: That said property be
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anld to the said Sidney D. King and Herma K. King, husband and wif
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for the sum of $175.00, free and clear of all encumbrances, subjec
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to the taxes for the fiscal year 1942 -43. Also subject to
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conditions, restrictions and reservations of record. The Mayor
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and the City Clerk are hereby authorized and directed to execute
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and deliver a deed for said property to the said parties upon
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receipt of the consideration above set forth.
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BE IT FURTHER RESOLVED: That the sum of $17.50 be
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paid to Ralph P. Maskey, as and for his commission for the
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negotiating of the sale of said real property to Sidney D. King
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and Herma K. King, his wife, as joint tenants, said sum being a
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fair and reasonable commission to be allowed in said sale and
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said broker being a licensed realtor of the City of Newport Beach.
I hereby certify that the above and foregoing Resolutic
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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
held on the 15th day of June, 1942, by the following vote, to -wit:
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Mayor of to it�f Newport Beach