HomeMy WebLinkAbout2972 - Sale of Property to P Fred & Ida Johnstonu
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RESOLUTION N011 "
WHEREAS, P. FRED JOHNSTON and IDA M. JOHNSTON, husband
and wife, have this day offered to the CITY OF NEWPORT BEACH, the
sum of $275.00 for Lot 20, Block 443, 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 $275.00; 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 P. Fred Johnston and Ida M. Johnston, husband
and wife, for the sum of $275.00, free and clear of all encumbran-
ces, subject to the second half of 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 x$50.00 be paid
to W. J. Holcomb, as and for his commission for the negotiating
of the sale of said real property to P. Fred Johnston and Ida M.
Johnston, 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 df Newport Beach at a regular meeting thereof held on
the 7th day of February, 1944, by the following vote, to -wit:
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al Clerk
of -64e Ulty of tiNewport be
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