HomeMy WebLinkAbout3083 - Sale of Property to Hugh & Frances Lynch.1
RESOLUTION N0.
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WHEREAS, Hugh S. Lynch and Frances E. Lynch, husband
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and wife as point tenants, have this day offered to the CITY
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OF NEWPORT BEACH, the sum of $225.00 for Lot 19, Block 43, River
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Section, in the City of Newport Beach, as shown on a Map recorded
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in Book 4, Page 25 of Miscellaneous Maps, records of Orange
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County, California; and
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WHEREAS, the said price is a fair and adequate price
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as and for the purchase price of said lot; and
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WHEREAS, the City Council of the City of Newport Beach
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deems that it is for the best interests of said City that said
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property be sold for the said sum of $225.00 and
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WHEREAS, the price offered is dust, fair and adequate
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and is not disproportionate to the real value of the property
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above described.
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NOW, THEREFORE, BE IT RESOLVED: That said property be
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sold to the said Hugh S. Lynch and Frances E. Lynch, husband and
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wife as point tenants, for the sum of $225.00, free and clear of
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all encumbrances, subject to the taxes for the fiscal year 1944 -45
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Also subject t6 conditions, restrictions and reservations of re-
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cord. The Mayor and the City Clerk are hereby authorized and
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directed to execute and deliver a deed for the said property to
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the said party upon receipt of the consideration above set forth.
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BE IT FURTHER RESOLVED: That the sum of $50.00 be paid
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to Ralph P. Maskey, as and for his commission for the negotiating
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of the sale of said real property to Hugh S. Lynch and Frances E.
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Lynch, husband and wife as point tenants, the said sum being a
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fair and reasonable commission to be allowed in said sale, and
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said broker being a licensed realtor of_the City of Newport Beach.
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I hereby certify that the above and foregoing Resolution
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was duly and regularly passed and adopted by the City Council of
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the City of Newport Beach,
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at a regular meeting thereof held on the 2nd day of October, 194
by the following vote, to wit:
ALLU STANLEY
ISBELL REED HA11
A Z'f ✓ITT' C:".Ia'L'b: MM; NONE
no
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