HomeMy WebLinkAbout3050 - Sale of Property to Gerald & Beulah Ritchiea
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RESOLUTION NO. 0
WHEREAS, Gerald W. Ritchie and Beulah B. Ritchie, husband
and wife as joint tenants, have this day offered to the City of
Newport Beach, the sum of $920.00 for Lots 18 and 20, Block 532,
Corona del mar, in the City of Newport Beach, as shown on a Map
recorded in Book 4, at pages 41 and 42 of Miscellaneous Maps,
records of Orange County, California; and
WHEREAS the said price is a fair and adequate price as
nand 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
props rty be sold for the said sum of $920.00; and
WHEREAS the price offered is just, fair and adequate and
lie not disproportionate to the real value'of the property above
described,
NOW, THEREFORE, BE IT RESOLVED: That said property be
(sold to the said Gerald W, Ritchie and Beulah B. Ritchie, husband
and wife as joint tenants, for the sum of $920.00, free and clear
of all encumbrances, subject to the taxes for the fiscal year
1944 -445. Also, subject to conditions, restrictions and reserve-
Lions of record. The Mayor and tte City Clerk are hereby authorized
land directed to execute and deliver a deed for the said property
to the said parties upon receipt of the consideration above set
forth.
BE IT FURTHER RESOLVED: That the sum of $1CO.00 be paid
to G. W. Ritchie, as and for his commission for the negotiation
of the sale of said real property to the said Gerald W. Ritchie
land Beulah B. Ritchie, husband and wife as joint tenants, the said
sum being a fair and reasonable commission to be allowed in the
sale, said broker being a licensed realtor in the City of Newport
I Beach.
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I HEREBY CERTIFY that the foregoing Resolution was duly
and regularly passed and adopted by the City Council of the City
of Newport Beach at a regular meeting thereof held on the 5th
day of June, 1944, by the following vote:
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