HomeMy WebLinkAbout92-142 - Declaring Surplus PropertyRESOLUTION NO. 92 -142
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH DECLARING SURPLUS PROPERTY AT 4210
RIVER AVENUE, 6000 COAST HIGHWAY AND 323 MARINE
AVENUE.
WHEREAS, the City of Newport Beach in its capacity as a Municipal
Corporation has fee title to three parcels of land commonly referred to as 4210
River Avenue, 6000 Coast Highway and 323 Marine Avenue, more fully
described on Exhibit A attached hereto and made a part hereof; and
WHEREAS, no municipal purposes for this property can be identified;
and
WHEREAS, the electorate of the City of Newport Beach by popular
referendum on November 3, 1992 approved the sale of the property known as
4210 River Avenue; and
WHEREAS, appraisals of the Fair Market Value of these properties
have been conducted by a Certified Property Appraiser,
NOW THEREFORE BE IT RESOLVED by the City Council of the City
of Newport Beach that the city owned properties located at 4210 River Avenue,
6000 Coast Highway and 323 Marine Avenue are declared surplus.
BE IT FURTHER RESOLVED that the City Manager is directed to
arrange for the sale of these properties to the highest bidders but in no case for
prices less than the following:
4210 River Avenue
6000 Coast Highway
323 Marine Avenue
ADOPTED this 14th date of
ATTEST:
i
CITY CLERK
APPROVED AS TO FORM
EY
$350,000
$320,000
$320,000
December 1992.