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HomeMy WebLinkAbout2972 - Sale of Property to P Fred & Ida Johnstonu 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 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 1 2 • 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 the City df Newport Beach at a regular meeting thereof held on the 7th day of February, 1944, by the following vote, to -wit: 1Li_gy� v.IRSt IS 1tlC ,> zf'� al Clerk of -64e Ulty of tiNewport be . '-v