HomeMy WebLinkAbout2661 - Sale of Property to Gerald Ritchie1
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RESOLUTION NO). q
WHEREAS, GERALD W. RITCHIE, a married man, has this
day offered to the CITY OF NEWPORT BEACH, the sum of $200.00 for
Lot 20, Block 742, 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
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 $200.00; 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 $200.00, free and clear of all encumbrances, subject to the
taxes for the fiscal year 1942 -43 and unpaid improvement assessment
of record. Also subject to conditions, restrictions and reservatio s
of record. The Mayor and the City Clerk are hereby authorized
directed to execute and deliver a deed for said property to
said party upon receipt of the consideration above set forth.
BE IT FURTHER RESOLVED: That the sum of $50.00 be paid
25 to Gerald W. Ritchie, as and for his commission for the negotia-
26 ting of the sale of said real property to Gerald W. Ritchie, a
27 married man, said sum being a fair and reasonable commission to
28 be allowed in said sale and said broker being a licensed realtor
29 of the City of Newport Beach.
30 I hereby certify that the above and foregoing Resolution
31 was duly and regularly passed and adopted by the City Council of
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the City of Newport Beach at a regular meeting thereof held on
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the 7th day of September, 1942 by the following vote, to -wit:
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sT: Mayor of-tPe City of Newport Beach