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HomeMy WebLinkAbout3386 - Property Exchange with Clara Schroeder1 RESOLUTION NO. 2 3 WHEREAS, the City of Newport Beach is the owner of Lot Ak 4 15 in Block 43 of River Section, Newport Beach, as shown on a Map 5 recorded in Book 4, page 25 of Miscellaneous Maps, records of 6 Orange County, California; and 7 of Newport Beach, the consideration for said WHEREAS, CLARA J. SCHROEDER, a single woman, is the owner 8 of Lot 13 in Block 141 of Canal Section, Newport Beach, as shown on 9 a Map recorded in Book 4, page 25 of Miscellaneous Maps, records of 10 Orange County, California; and 11 WHEREAS, the City is in urgent need of the property owned 12 11 by Clara J. Schroeder, a single woman, heretofore described, for 13 the widening of Coast Boulevard in said City; and 14 WHEREAS, the properties above - mentioned of Clara J. 15 Schroeder are worth approximately $232.50 more than the above - 16 mentioned properties of the City of Newport Beach; and 17 WHEREAS, the City has agreed to exchange the property 18 owned by it for the property owned by the said Clara J. Schroeder, 19 a single woman, and has further agreed to pay to the said Clara J. 20 Schroeder the sum of $232.50, and the said Clara J. Schroeder has 21 agreed to accept the said sum of $232.50 for proposed costs in 22 installing the following improvements: paving street, $75; paving 2311 curb, $45; paving sidewalk, $37.50; and sewer $75; and 24 WHEREAS, in the judgment of the City Council of the City 25 of Newport Beach, the consideration for said exchange is fair, 26 just, and adequate, as the property and money given by the City 27 is of approximately equal market value to the property which it is • 28 to receive; and 29 WHEREAS, it is for the best interests and benefit of the 30 City of Newport Beach and the inhabitants thereof that said excha 31 be made; 32 NOW, THEREFORE, BE IT RESOLVED that the City of Newport LAW OFFICES OF -1 ROLAND "0."0' 20S SFURGEON SLOG. SANTA ANA. CALIF.. _• • 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 Beach make, execute, and deliver to Clara'J. Schroeder a deed to properties heretofore described as being owned by it, in exchange for a good and sufficient deed to the properties owned by the said Clara J. Schroeder, and that the City of Newport Beach pay to the said Clara J. Schroeder the sum of $232.50, which the said Clara J. Schroeder agrees to accept for proposed costs in installing the fol lowing improvements: paving street, $75; paving curb, $45; paving sidewalk, $37.50; and sewer, $75. AND BE IT FURTHER RESOLVED that all escrow charges and charges of title be at the expense of said City, and that both pro- parties herein mentioned and described shall be conveyed to the ties hereto free and clear of all encumbrances of every nature, description or kind. AND BE IT FURTHER RESOLVED that the Mayor'and City Clerk of the City of Newport Beach be authorized, directed and instructed to sign and execute, on behalf of the City of Newport Beach and in the name of said City, a corporation grant deed, granting to the said Clara J. Schroeder, a single woman, the properties owned by said city and heretofore described, and that said deed be delivered to the said Clara J. Schroeder, when said named party has made, executed, and delivered a good and sufficient deed to the propertie owned by her to 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 the City of New ort Beach at aYregular meeting thereof held on the -dday of 1946, by the following vote, to -wit: AYES, COUNCILMEN: 30 TES 3 a 1k 32 LAW OFFICES OF ROLAND THOMPSON 208 SPURGEON BLDG. SANTA ANA. CALIF., NOES, COUNCILMEN:_ -(� ABSENT, COUNCILMEN Clerk -2- or n u STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF NEWPORT BEACH ) SS I, MARGERY bCHROUDER, City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and ::iaintained in my office, the foregoing Resolution No. 3386 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport Beach, California, at a regular meeting of said City Council held at the regular meeting place thereof, on the 3d day of September 9 19469 by the following vote, to wit: AYES, COURCILME14: Allen, Siler, Isbell, Robertson, Reed NOES, COUNCILMEN ABbiOT, COUNCILMEN None None Dated this 7th day of October 9 1959• City Clerld and Ex- Officio Clerk of the City Council, City of Newport Beach, State of California.