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HomeMy WebLinkAbout2810 - Sale of Property to OB & Frances Reed1 2 3 4 5 6 7, 81 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RESOLUTION NO -Is i D WHEREAS, 0. B. REED and FRANCES M. REED, husband and wife have this day offered to the CITY OF NEWPORT BEACH, the sum of yJ650.00 for Lots 16 and 18, Block 430, Corona del Mar, in the City of Newport Beach, as shown on a Map recorded in Book 3, pages 41 and 42 of Miscellaneous Maps, records of Orange Eounty, California; and WHERFA9, the said price is a fair and adequate price as and for the purchase price of said lots; and WHEREAS, the City Council of the City of Newport Beach deems that it is for the best interests of said City that said property be sold for the said sum of $650;.00; and WHEREAS, the price offered is just, fair and adequate and Is not disproportionate to the real value of the property labove described. NOW, THEREFORE, BE IT RESOLVED: That said property be sold to the said 0. B. Reed and Frances M. Reed, husband and wife, for the sum of 0650.00, free and clear of all encumbrances, subject to the taxes for the fiscal year 1943 -44. Also subject to condit- ions, restrictions and reservations of record. The Mayor and the City Clerk are hereby authorized and directed to execute and deliver a deed for said property to the said parties upon receipt of the consideration above set forth. BF IT FURTHER RESOLVED: That the sum of $162.50 be paid to Ralph P. Maskey, as and forhis commission for the negotiating of the sale of said real property to 0. B. Reed and Frances M. Res his wife, as joint tenants, said sum being a fair and reasonable commission to be allowed in said sale, and said broker being a licensed realtor of 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 E L 1 2 3 4 5 6 8 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 !, 32 the City of Newport Beach at a regular meeting thereof held on the 5th day of July, 1943, by the following vote, to -wit: UEIE