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HomeMy WebLinkAbout3164 - Sale of Property to E CettoRESOLUTION NO. 29 Y a WHEREAS, E. Cetto, a single woman, has this day 1 offered to the CITY OF NEWPORT BEACH, the sum of P0i0:00 -for 2 Lots, 5, 7, 14, 15, 16, 17 and 18, Block 32, First Addition to 3 Newport Heights, in the City of Newport Beach, as shown on a 4 Mao recorded in Book 4, Page 94 of Miscellaneous Maps, records 5 of Orange County, California; and 6 WHEREAS, the said price is a fair and adequate price 7 as and for the purchase price of said lot; and 8 WHEREAS, the City Council of the City of Newport Beach 9 deems that it is for the best interests of said City that said 10 property be sold for the said sum of $401Q.00; and 11 WHEREAS, the price offered is just, fair and adequate 12 and is not disproportionate to the real value of the property 13 above described. 14 NOW, THEREFORE, BE IT RESOLVED: That said property be 15 sold to the said E. Cetto, a single woman, for the sum of 16 04010.00, free and clear of all encumbrances, subject to the 17 taxes for the fiscal year 1945 -46. Also subject to conditions, 18 restrictions and reservations of record. The Mayor and the City 19 Clerk are hereby authorized and directed to execute and deliver 20 a deed for the said property to the said party upon receipt of 21 the consideration above set forth. 22 BE IT FURTHER RESOLVED: That the Sum of $401.00 be 23 paid to Ralph P. Maskey, as and for his commission for the 24 negotiating of the sale of said real property to E. Cetto, a 25 single woman, the said sum being a fair and reasonable commission 26 to be allowed in said sale, and said broker being a licensed 27 realtor of the City of Newport Beach. 28 I hereby certify that the above and foregoing 29 Resolution was duly and regularly passed and adopted by the City 30 Council of the City of Newport Beach, 31 32 • • 1 2 3 4 5 6 8 9 10 11 12 14' 15 16' 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 _9_ at a regular meeting thereof held on the7th day of May, 19+5, by the following vote, to —wit: y T: or o •r NONE 0 =i