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HomeMy WebLinkAbout2847 - Sale of Property to W Arthur & Catherine FarrarQ I 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RESOLUTION NO �V �— I WHEREAS, W. ARTHUR FARRAR and CATHERINE FARRAR, husband and wife, have this day offered to the CITY OF NEWPORT BEACH, the sum of $250.00 for Lot 7, Block 535, 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 beat interests of said City that said property be sold for the said sum of $250.00; 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 W. Arthur Farrar and Catherine Farrar, husband and wife, for the sum of $250.00, free and clear of all encumbran- ces, 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 parties upon receipt of the consideration above set forth. BE IT FURTHER RESOLVED: That the sum of $62.50 be paid to W. J. Holcomb, as and for his commission for the negotiating , of the sale of said real property to W. Arthur Farrar and Catherine Farrar, husband and wife, as joint tenants, 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 I. . 1 2 the City of Newport Beach at an adjourned regular meeting thereof 3 held on the 9th day of August, 1943, by the following vote, to -wit: 4 5 �iS, F.4��f.e�t{a: AQVgCj vipa 6 7 8 9 10 11 12 tY 13 14' - 15 16 17 18 19 20 21 22 23 24 25 26 27 28 •29 30 31 32 le k or PSRer i REED NUL y or ivewporc be