HomeMy WebLinkAbout2749 - Sale of Property to Douglas Oteya
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RESOLUTION NOACI
I
WHEREAS, DOUGLAS ROSS OTEY, a single man, has this day
offered to the CITY OF NEWPORT BEACH, the sum of $225.00 for
Lot 1, Block 642, Corona del Mar, in the City of Newport Beach,
as shown on a Map recorded in Book 3, pages 41 and 42 of Miscell-
aneous 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 $225.00; and
WHEREAS, the price of fered 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 Douglas Ross Otey, a single man, for the sum of
$225.00,
free
and clear of all
encumbrances,
subject to the taxes
for the
fiscal
year 1943 -44.
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 $56.25 be paid
to W. J. Holcomb, as and for his commission for the negotiating
of the sale of said real property to Douglas Ross Otey, a single
man, as his separate property, 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
held on the 19th day of April, 1943, by the following vote, to -wit:
EST: l )
y Clerk
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Mayor of the Civ of ewport Beach