HomeMy WebLinkAbout2869 - Sale of Property to W Arthur & Catherine Farrar0
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RESOLUTION NO .��
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 theCity of Newport Beach
deems that /is for the best 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 disproportunate 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 encumbrance,
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, his 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
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the City of Newport Beach at a regular meeting thereof held on
the 7th day of September, 1943, by the following rote, to -wit:
AIPTEST: O
ity Clerk
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