HomeMy WebLinkAbout1365 - Escrow Instructions for the Maskeys0
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LAW OFFICES OF
ROLAND THOMPSON
210 SPURGEON BUILDING
SANTA ANA. CALIFORNIA
RESOLUTION NO. A2, I! �'—
WHEREAS, there has this day been presented to the
City Council of the City of Newport Beach certain Escrow
Instructions directed to the Orange County Title Company, dated
July 4th, 1938, signed by Ralph P. Mackey and Irene Mackey, and
covering Lot 4 in Block 338, Canal Section, Newport Beach Tract,
as shown on a Map recorded in Book 4, page 98, Miscellaneous Maps,
Records of Orange County, California; and
WHEREAS, said instructions provide that the considers -.
tion for the transfer of the above described property to the City
of Newport Beach is the sum of $500900, payable in thirty days
from date of escrow, and in consideration of which the said Ralph
P. Maskey and Irene Mackey agree to convey said real property on
the terms in said instructions reoited, from which the Orange
County Title Company is instructed to deduct its charges and
advances and also pay all encumbrances on said property necessary
to issue Policy of Title Insurance showing title to said property
vested in the new owner, free of all enoumbranoee, except
City of Newport Beach taxes and Orange County Taxes, and all
assessments for public improvements of record, whether due or
delinquent, or otherwise, including 1911 Improvement Act bonds,
it being understood and agreed in this connection that the city
of Newport Beach takes said property subject to all taxes, city
and county, whether delinquent or otherwise, and also subject to
all assessments whethere due or delinquent, or which may become
due in the future, including 1911 Improvement Act Bonds; and
WHEREAS, said instructions further provide that the
Orange County Title Company shall pay out of said $500.00, all
city taxes and all delinquent installments on 1915 Act Bonds on
Lot 8 in Block 539, and Lot F901- B3o. ok. '63.8, -Lot -3 -in ,BlpCk'339;.all
AxoOdna7, Section, :3iewpgrt .Beach, and;
1 WHEREAS, said instructions further provide that if said
2 $500.00 is not sufficient to pay said taxes and delinquent install -
3 meats that said Ralph P. Maskey and Irene Maskeyv his wife, agree
. 4 to deposit sufficient funds in escrow to pay the same; and
5 WHEREAS9 it is further provided that the City of Newport
6 Beach shall be at no expense in said escrow.
7 NOW9 THEREFORE9 BE IT RESOLVED: That the City Council
8 of the City of Newport Beach deems that the price paid for said
9 lot is the fair market value thereof at this time and that it
10 is for the best interests of said city of Newport Beach that said
11 city purchase said property for the sum mentionedv and upon the
12 considerations in said escrow specified; and
13 BE IT FURTHER RESOLVED: That the City of Newport Beach
14 will materially benefit from the purchase of said lot in as much
15 as it is contemplated and &greed that the said Ralph P. Maskey and
16 Irene Maskey, his wife, will exepnd said $500.00 in the payment of
17 delinquent city taxes on properties now owned by them and located
18 in said city, and all the moneys so paid for said lot by said city
19 will be returned to said city by way of the payment of delinquent
20 taxes as aforesaid; and
21 BE IT FURTHER RESOLVED: That the Mayor and City Clerk
22 of the city of Newport Beach be and they are hereby directed,
23 authorized and instructed to sign said escrow instructions in the
24 name of and on behalf of the city of Newport Beachq and the Clerk
25 is instructed to deliver the same into escrow with the said
26 Orange County Title Company as escrow holder.
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28 I hereby certify that the above and foregoing
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Resolution was duly and regularly passed and adopted by the
30 City Council of the city of Newport Beach at a regular meeting
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LAW OFFICES OF
ROLAND THOMPSON 2,
210 SPURGEON BUILDING
SANTA ANA. CALIFORNIA
1 thereof held on the 4th day of July, 19389 by the following
2 vote, to—wit-
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TEST:__
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CityR
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LAW OFFICES OF
ROLAND THOMPSON
210 SPURGEON BUILDING
SANTA ANA, CALIFORNIA
NOES, COUNCILMEN:
ABSENT, COUNCILMEN:
Oayo o ,the city of Newport
Beach
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LAW OFFICES OF
.M THOMPSON
SPURGEON BUILDING
ANA. CALIFORNIA
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PROPERTY ON WHICH JUDGMENT HAS BEEN TAKEN
Lot 53, Tract 682
Lot 65, Tract 682
Lotal, 2 and 3, Block 33, Resubdivision of Corona Del Mar
Lot 19 and the Northeasterly 10 ft of Lot 17, in Block 135,
Resubdivision of Corona Del Mar
Lot 17 in Block 27 of "Newport Beach"
zV 7�'
Lot 20 in Block 233 of "Lake Tract" 190
Lots 17, 18, 19, 20 and B1 in Block 225, "Lancasterts Addition
a i s', to Newport Beach"
Lots 4, 5, 6, 7 and 8, in Block 325, "Lancastets Addition to
"J 13, ,. 1>0 Newport Beach "
The Northeasterly rectangular five (5) feet of
Lot Five (5), all of Lot Seven (7) and the Southwesterly
rectangular five (5) feet of Lot Nine (9) in Block 237
of "Corona Del Mar", as shown on a Map recorded in Book 3,
pages 41 and 42 of Miscellaneous Maps, Records of Orange
County, California.
Lot 10 and the southwesterly rectangular 10 feet of Lot
12 in Block 236, of "Corona Del Mar", as shown on a Map
recorded in Book 3, pages 41 and 42 of Miscellaneous Maps,
Records of Orange County, California.
Note:— We have three other suite that are ready for judgment
and as soon as judgment has been taken, I will send you a list
of the property included therein.
Lenore