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HomeMy WebLinkAboutMarigold Avenue, 414 (Corona del Mar Library & Fire Station #5)'1 I 1 1 ,1 1 1 1 1 1 I 1 I I I I APPRAISAL REPORT 414 Marigold Avenue Newport Beach, California for THE CITY OF NEWPORT BEACH Date of Value: November 18, 1965 A N1 E. R / CH lv First American Title Insurance & Trust Company 421 NORTH MAIN STREET . SANTA ANA, CALIFORNIA . 547 -7.371 CITY OF NEWPORT BEACH CITY HALL 3300 WEST NEWPORT BOULEVARD NEWPORT BEACH, CALIFORNIA ATTN: CALVIN E. MONSON Your No. Our Order NO. 1026493 The following is a report of the title to the land described in your application for a Policy of Title Insurance and is made without liability and without obligation to issue such policy. In addition to any exceptions shown herein, and not cleared, the policy, if issued, will contain conditions and stipulations and also exceptions from its coverage as may be embodied by the particular form of policy issued. Dated as f November 1, 1965 at 7:30 a.m. H. B. Dutton, TITLE OFFICER VESTEE: g,INIE S. HUGHES, an unmarried woman, by deed to her recorded April 19, 1951- SUBJECT TO: 1. General and Special taxes for the fiscal year 1965 -1966, amount $2711.18; Code Area 7 -001, A. P. No- 51- 262 -18. 2. The Rights of Way along the roads and highways shown and designated upon said Map for road purposes, pipe lines, electric railroad or any other form of rail transportation and for telephone and telegraph lines to the lands of 'The Irvine Company lying to the East of the herein described land as reserved by The Irvine Company in the deed recorded December 12, 1911 in Book 204, page 160 of Deeds. 3. Covenants, conditions and restrictions in an instrument recorded prior to February 15, 1950 in book 565, page 219, of Deeds, which provide that a violation thereof shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value. DESCRIPTION: All that certain land situated in the State of California, County of Orange, City of Newport Beach, described as follows: Lot 6 in Block 440 of Corona Del Mar, as shown on a Map recorded in Book 3, pages 41 and 42 of Miscellaneous Maps, records of Orange County, California. 52 -13 sit is - �10 C Q � I y$ a 4 t� It a tit It It to � ro 91 1 =oa N O � i�$ to N r a O M N n "ma hb. to duo o � q Y m N t•' COAsr r T T T T � ,r I� 0 A N sircaw t a, re OIL. l AVENUE 24 ytBjvw4r M N. cn t'irst American Title Insurance & Trust Company Form 1106 This Map Is a Copy of the Map Prepared by the County Assessor of the County of Orange and Is Not to be Construed n • Part of This Tide P.M.— V k 0 s a In a N I t BOINORTH BUSH STREET SANTA ANA,CA 1R 92701 I1 1 N JOSEPH A. MUELLER, M.A.I. REAL ESTATE APPRAISER November 18, 1965 Mr. Calvin E. Monson ' Assistant to the City Manager City of Newport Beach City Hall ' 3300 West Newport Boulevard Newport Beach, California OFFICE 17141 543 -1.144 RES[BENCE {7141 542'SBE3 ' Dear Mr. Monson: This is the appraisal report you authorized by your letter dated November 1 , ' 1965, and by your Purchase Order No. 1587. In my opinion, the market value on November 18, 1965, of the fee of the Annie ' S. Hughes property described more fully in this report was: TWENTY -NINE THOUSAND, FIVE HUNDRED DOLLARS ($29,500). ' A detailed description of this property and the basis and reasons for my con - clusions are explained in detail in this report. 1 I certify that I have no present or contemplated future interest in the property appraised, and to the best of my knowledge and belief, statements contained and opinions expressed in this report are correct. This appraisal has been made in conformity with the Professional Standards of tthe American Institute of Real Estate Appraisers, of which I am a member. Sincerely, Joseph A. Mueller, M.A. 1. JAM:B 1 I 11 Contingent and Limiting Conditions ' This appraisal is based upon the following assumptions and conditions: 1. That all information furnished to me by others as well as all maps, ' plats , legal descriptions, and area computations are assumed to be correct. ' 2. That I render no opinion as to the title, since I assume that it is good. Existing liens and encumbrances, if any, have been disregarded and the property is appraised as though free and clear. 1 3. That there exist no undisclosed restrictions or prohibitions concerning the possible use or development of the property for any purpose for which ' it is available. 4. That the enclosed photographs and maps are intended to help the reader ' visualize the properties. While the sketches and outlines on the photo- graphs and maps were prepared with care they may not be precisely correct. ' S. That dimensions and areas are based upon County Assessor Maps. 6. That no responsibility is assumed for matters which are legal in ' character. 1 1 1 1 1 1 1 1 L� ' Purpose of the Appraisal GENERAL INFORMATION 1 The purpose of this appraisal is to estimate the market value of the subject property. This valuation has been prepared to serve as a basis for the possible acquisition of this property by the City of Newport Beach. Definition of Market Value ' Market value is the highest price estimated in terms of money which the land would bring if exposed for sale in the open market, with reasonable time allowed ' in which to find a purchaser, buying with knowledge of all the uses and purposes to which it was adapted and for which it was capable. (Sacramento etc. R. R. v. Heilborn (1909) 156 C. 408) 1 Property Rights Appraised 1 The fee. Date of Value ' November 18, 1965 Surrounding Influences In my opinion the most important influences on this property in their approximate ' order of importance are: 1. The neighborhood which lies to the northwest, northeast and southeast t of it. This neighborhood lies northerly of the commercial uses fronting along Coast Highway. The improvements in this neighborhood consist of about 40% single family dwellings with the balance multiple family uses, ' principally duplexes. Although the improvements vary in age from before World War II to those just constructed, the majority of them have been built since 1950. Almost all of these improvements are well maintained. ' Their qualities range from modest to luxurious. Almost without exception the rule is that the newer the improvements the higher the quality of them. 2. The commercial development along both sides of Coast Highway. The development along both sides of Coast Highway through the community of Corona del Mar is almost completely devoted to good quality strip -type 1 I I ' Surrounding Influences (Continued) t commercial uses. The depth of these uses from Coast Highway is shallow, being a maximum of only about 140'. But both northerly and southerly of this commercial strip parking uses encroach into the R -2 zoned area lying ' north of Coast Highway and into the R -1 zoned area lying south of it. The depth of these parking uses is also shallow, being only one to a maximum of four, 30 -foot wide lots. ■ As can be seen from the maps included in this appraisal, narrow alleys run roughly parallel to Coast Highway, These tend to separate the commercial frontage from the parking, R -1, and R-2 uses lying northerly and southerly of the alleys. It is evident that the commercial uses along Coast Highway do not enjoy an abundance of parking. So it can be expected that parking 1 uses will continue to expand northerly and southerly from Coast Highway into the R -2 and R -1 zoned areas contiguous with it. ' 3. The city's fire department which lies between this property and the alley to the southwest. This station is constructed on a parcel consisting of two 30' x 118' adjoining lots. ■ 4. The city's public library which adjoins the subject parcel on the north- east. This improvement is known as the Corona del Mar Dorothy Harry Memorial Library. Although the city owns the four adjoining lots to the northeast, this library is constructed on the southwesterly three of them. This structure is of good quality construction, is well maintained and attractive. 1 I 1 1 1 1 1 1 . � 7 - © / :� ISUBJECT PROPERTY Identification of the Property A one - bedroom apartment built over a two -car garage. ' Location On the southeast side of Marigold Avenue, 195. 97' northeasterly of Coast Highway, ' in the Corona del Mar section of the City of Newport Beach, California. Vestee: Annie S. Hughes, an unmarried woman, by deed recorded April 16, 1951. Mailing Address 414 Marigold Avenue, Corona del Mar, California Legal Description All that certain land situated in the State of California, County of Orange, City of Newport Beach, described as follows: Lot 6 in Block 440 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. Dimensions and Shape This parcel is a perfect rectangle having 30' of frontage on Marigold Avenue and a uniform depth of 118' to a 14 -foot alley. Area t M, Utilities Water There is a 6" cast iron water main in the alley. It is located three feet from the rear property line. Water mains throughout this neighborhood are located in the alleys. Sewer A sanitary sewer is situated in the alley behind this property. A lateral runs into this parcel and is connected to the plumbing lines I Q0 N LO m W Q 4 0 � U OS Q M h 317N3Ad r '7d N! bt ) / b/ J// rq o O o N� K) : N � � O M � OO 0 a N ti p \ O 0 ti O O N h O O° M N V 0 ON003S 'h CLCCI W ti � Ln ° N N M h 317N3Ad r '7d N! bt ) / b/ J// rq o O o N� K) : N � � O M � OO 0 a N ti p \ O 0 ti O O N h O O° M N V 0 ON003S 'h CLCCI L 1 ,ca�tis1H 1 -L � �e•es Q ncw, Q .oS T C` W a � OS N Q N 0. O Z `9 y h ti m Qm� 1 � o , O O Qmv O tl M s� A 0 tp N h ` O � ` I L 1 ,ca�tis1H 1 -L � �e•es Q ncw, Q .oS T C` ,OS W a � Q�z N Q !. U 0. O Z y h ti m Qm� 1 � o , O O Qmv O ,OS J j � mWv y !. U Z Z 3 m Qm� 1 0 o , 1�. O tl 1 J 1SC00 Q \may O rN O Z °v h J y N � ac V O tl s� \may O rN O Z °v h J y ac V Utilities (Continued) of the structure on this parcel. Sewer mains throughout this neighborhood are situated in the alleys. Gas Gas is connected to this property and is available throughout the neighborhood. Electricity Available and connected. Zoning R -2, duplex residential uses permitted in this zone are: 1. Single family dwellings 2. Two detached single family dwellings or one duplex 3. Accessory uses normally incidental to single family dwellings or duplexes. These uses are not to be construed as permitting any commercial uses. Building Height Limit: 1. For dwellings -- maximum two stories, but not exceeding 35' 2. For accessory buildings -- maximum 15' Building Site Area and Lot Width Requirements: The current R -2 zoning requires a minimum of 5, 000 lot area and minimum of 50' lot width on interior lots for each two dwellings or one duplex. But because this lot was subdivided prior to the existing ordinance, it is a legal lot and another unit could legally be built on it. (Please see Planning Department Interview in the Addenda.) Streets Marigold Avenue Right of Way: 50' Street Improvements Paving: 27' of asphalt Curbs: 6" concrete both sides Gutters: 1.5' concrete both sides .°a� t� a i I I 1 J � 4x z N 'or w V' O `\ 4oJ h °r• �, �b2. PEE ry b2. � m o Q_ r P o P Q P °� P 5 LJ3 nHO��G °r. iIn (� L1I'J_JJL 2 o P w % ` I I a 1 z 1 X I ' Streets (Continued) 1 Sidewalks: 4' concrete both sides Street Trees: Both sides in 4. 5' parkways lying between the curb and sidewalk Street Lights: Neither side Alley in Rear 1 Right of Way: 14' Paving: Asphalt 1 Alley to the Southwest Right of Way: 14' Paving: Asphalt ' Improvements ' Exterior Foundation: Concrete ' Walls: Painted stucco up to second floor. Horizontally laid, painted wood siding above. Roof: Hip with wood shingles and open rafters. No gutters or down- ' spouts. Windows: Wood, double hung. Only upstairs windows on north and ' south sides have aluminum screens. Steps to Second Floor: Stucco sides with wood railing. Wood treads and risers, both painted. ' Outside Porch: Wood floor. Open rafter ceiling. Overall Exterior Quality: Average Overall Exterior Condition: Good but stucco needs paint and wood siding soon will need it. tInterior, First Floor This floor is divided into a two -car garage by a wall running through the length of the building. This wall is constructed of 2 x 4 studs, ' 16" o. c. covered one side only with 1 x 6 t. g. boards. There is a solid wood door constructed of 1 x 6 t. g. boards set vertically. ' Floor: Concrete Walls: All exterior walls are unfinished with exposed studs and tarpaper. However, there is a little diagonally- affixed sheathing on the ' alley wall. Ceiling: Unpainted plaster .' t I I I II 1 i II ALLEY MARIGOLD AVENUE ,1 " =20' PLOT PLAN 414 Marigold Avenue Corona del Mar i' Improvements (Continued) ' The north half of the garage has a stall shower with concrete floor, plaster walls and ceiling, but no door. Next to the shower there is a concrete laundry sink and in the corner, a toilet. Water Heater: 20 -gal. glass -lined Homart Interior, Second Floor ' This is an apartment having one bedroom, a living room, a dinette area, a kitchen and a bath. ' Floors: Hardwood, except linoleum in kitchen and bath Walls and Ceilings: Walls, ceilings and cabinets in bath and kitchen are enameled. All other paint is flat. ' Kitchen: Ceramic tile counter with 1' tile splash. There are painted wood cupboards under the counter, and on either side of the kitchen window there are wall and ceiling hung painted, wood t cupboards. In the corner of the kitchen there is a painted broom closet and on the southerly wall there is a painted wall hung cupboard and a painted floor- standing cupboard with ceramic ' tile counter. There is no forced air vent in the kitchen, or garbage disposer. Living Room: On the common wall between the living room and kitchen there is a panelray -type gas fired wall furnace manufactured by Ideal Heating Co. of Los Angeles. It has a 22, 500 B. T. U. per ' hour capacity. Bedroom: This room has two large painted wood closets with swing - out wood doors. ' Bath: Pullman -type lavatory with ceramic tile counter having 9" of ceramic tile splash. Above it there is a medicine cabinet with swing -out type, mirror door. The cast iron tub has 4' of ceramic ' the around it but no shower doors. There is a shower head above the tub. On the north wall below the window is a Thermador Electric Heater. ' Interior Doors and Trim: All softwood Interior Quality: Average Interior Condition: Good ' Yard Improvements ' Fences: Along the entire northeast property line except the easterly 6' there is redwood fencing. The rear portion near the building is 5' high solid redwood. The rest is part 3 -1/2' high and part ' 2' high rail fencing. All the posts are set approximately 6' apart. Along the southwest property line there is some solid redwood fencing. The portion near the structure is 5' high, while the ' portion closer to the street varies from 5' to 4 -1/2' to 4' high. 1 �t it I t t t t t 1 v 24' M N Second Floor First Floor 1 " = 10' FLOOR PLANS 414 Marigold Avenue Corona del Mar ' Improvements (Continued) ' Paving: The southeast 6' of the lot is paved with asphalt, while concrete paving exists around all sides of the structure except in front. ' Landscaping and Lawn; The front portion of the lot to a depth of about 30' has a very sparse lawn, almost nonexistant. Behind it for a distance of about 28' or 30' are some miscellaneous shrubs and 1 plants, principally geraniums. Between that area and the structure there is some average quality lawn with flower beds along the northeasterly fence. A concrete flagstone walk exists ' in front of the structure along the southwest line. ' Tax Information Assessor's Parcel No.: 51- 262 -18 ' 1965 -66 Assessed Values: Land $1,920 Improvements 1 , 730 Total $3,650 1 Assessee: Anne Hughes (Title Report shows Annie S. Hughes) According to the Assessor's records this property is improved with a residence containing 612[ and built in 1950. 1 Code Area: 7 -001 1965 -66 Tax Rate: $7.5121 Current Taxes on Land and Improvements: $274. 19 ' Future Taxes: The new County Assessor has stated he intends to adjust the assessments on all properties in the county to 25% of market value. ' Considering the value of this property it is apparent that assessments may be approximately doubled on this parcel. ' Photographs ' All the photographs were taken by me between November 11 and November 14, 1965. 1 I I ,1 ' VALUATION ANALYSTS ' Highest and Best Use ' In my opinion the highest and best use of this property (excluding public owner- ship) is to continue its use as a garage apartment and to construct an additional unit or house on the front portion of the lot. The existing zoning permits such a ' development and the demand for rental units in the area supports it. Another feasible and proper use and a very close second is to leave the existing ' improvements in place and to hold them without further development until a better use (e. g. parking or commercial) develops and /or until values in the area for other uses increase to the point where moving off of the existing structure is ■ economic. Before concluding that the above two uses are the best ones for this land, I have 1 carefully considered using all of it for parking now, after removing the existing improvements. The reasons I believe parking use of this property is not suitable at present are: ■ 1. The improvements existing are simply too valuable to demolish or to move off now. The cost alone to move them off would be excessive because ' the existing foundation and at least all of the plumbing on the first floor would have to be scrapped. As a result, the real cost of moving them would be not only actual moving costs but the cost of a new foundation, concrete paving on the first floor, plumbing, some electrical, major decoration both !' inside and out -, the cost of clearing off the concrete foundation and slab, paving, and other improvements. ' 2. The demand for parking here is not strong enough yet to merit such a use now. This parcel, being the third lot northerly from the alley, is simply too far from the commercial uses on Coast Highway now. 3. The fire station adjoining this parcel to the south tends to shield view of ' it from Coast Highway. 4. The service station use directly southwesterly of this property and fronting ' on Coast Highway appears to already have adequate parking. ' 5. Obtaining a conditional use permit for parking might be difficult or impossible now. Based upon interviews with numerous brokers, owners and inhabitants of this area, I have concluded that the city would probably be ' hard put to deny a parking use now because a hardship could be argued. This is true because this property lies between two municipal uses which closely resemble commercial uses. Besides, the fire station, and especially ' the library, serve as excellent buffers between a parking use on this land and adjacent residential uses. 1 'Highest and Best Use (Continued) t In this analysis I have considered the possibility that the front portion of this lot could be devoted to parking while the existing improvements be allowed to remain on the rear of it. I do not believe this is a feasible use even if zoning could be t obtained because the lot being only 30' wide is simply too narrow to permit ingress and egress of automobiles from solely the front of it. Since the existing structure has side yards of only 3' there is insufficient room to permit automobiles to exit ' into the alley. Before preparing this analysis I read the city's Corona del Mar Study prepared in t November, 1964. The plans for redevelopment and assemblages of super blocks outlined in that report are an example of the types of possibilities that exist for this property in the future. These plans I believe would fortify the desire of t many purchasers of this lot to simply hold it without further development as I have outlined under the second -best use above. IAnalysis t In the analysis of any property an appraiser should consider the three classical approaches to value: the Cost, the Income, and the Market Data. In this appraisal the Income approach is not applicable since this property is not fully developed. t Hence its income is not sufficient to carry the required return on its land value. The two other approaches were used. Each of them involved the use of market data. ' In the data collection process ten items were selected from several dozen uncovered. These data are included in the market data section of this report where details of them as well as a market data map showing their location with respect to the ' subject property may be found. All of the market data included in this report have paving, curbs, gutters, sidewalks ' and street trees in front. Also, all have sewers and all public utilities available. All have been trended for time at a rate of 1% per month from the recording date. And every item has been verified with either the buyer, the seller, or the broker who actually consummated the transaction. t General Valuation Considerations: Before analyzing the data I would like to point out some of the important general items of information I have observed from a study of the market. tThere is a strong demand for all kinds of property in the Corona del Mar area at present. Ample financing is available to facilitate sales of it and there is a t limited supply of properties on the market now. As a result of these things, properties comparable to the one being appraised have been rising in value at an estimated rate of 1% per month. I Analysis (Continued) t In a rising market sales tend to set a lower limit of value and must be trended for time before being used. Listings on the other hand if exposed for an adequate time tend to set an upper limit of value. Escrows tend to indicate current values. Cost Approach ' The first step in this approach is to estimate the land value of the subject property as if it were vacant. ' The best evidence of the land value of the subject property may be derived from Sale 4. This property which consisted of two lots sold in May of this year for t $42, 000. Although it was improved at the time of sale with an old house, the house was later demolished in order to permit new construction. The cost of demolition and preparation of the lot for the new construction was approximately ' $2,000. Hence it can be said that $44,000 was effectively paid for 2 lots in May of 1965. After trending this sale for time at 1% a month the indicated value of these two lots is $46,640, or $23,320 each. Although this sale included a ' 3' easement for sewer and public utility purposes over the adjoining lot to the north, I do not believe that easement contributed any significant value to the parcel being sold, as the lot already was a double one and hence wider than most, t so the side yard setbacks were and are adequate to allow sewer and public utility lines. t An upper limit for land value of the subject is set, I believe, by Listing 1. This parcel has an old house of cheap quality and poor condition on it. The structure is about at the point where demolition must surely be in the minds of many pros- ' pective buyers. Since demolition would cost an estimated $500, a purchaser of it would have to pay about $24,000 to acquire a buildable lot. Still, there are other buyers in the market who would purchase this property with the intention of ' rehabilitating its improvements to extend their life. As a result I judge this listing sets an upper limit of $23,500 for the subject's land. Escrow 9 is quite similar to Listing 1 in that the improvements also are old and in poor condition. For those reasons l believe the price of $23,500 is another upper limit for the land value of the property being appraised. I conclude from the above that subject's land if it were vacant would be worth $23,300. My processing of this estimate in the cost approach follows on the next page. i 1 t t t t t 1 I t 1 t 1 t 1 t t t 1 1 COST APPROACH Land Improvements Apartment 600[ @ $12. 00 Garage 552[ @ $ 3.00 Shower, toilet & laundry tub Stairs Balcony 44[ @ $4. 50 Paving Asphalt 180 @ $0. 21 Concrete 234 @ $0. 43 Fences Total Cost of Improvements Less Depreciation Estimated Economic Life When News 50 yrs. Age: 15 yrs. Depreciation: 30 Depreciated Replacement Cost Lawn, Landscaping & Misc. Indicated Value by the Cost Approach $ 7,200 1 656 200 150 198 38 101 300 C 2,953 $ 23,300 6,890 150 $ 39,349 I IMarket Data Approach This approach involves the comparison of sales, listings, and escrows with the subject property to get an indication of its value. ' Sale 2 sold in August, 1965 for $33,000. After trending at 1% per month the result is $33,990. The improvements on this property are superior to those on the subject because the house is of better quality, contains two bedrooms, and ' has bachelor quarters. I believe this sale indicates a strong upper limit of value for the subject of $33 '990. ' Sale 3 is also a recent sale having occured in August of this year. This property is on a wider street and has a better house which contains two bedrooms plus a den. Although it has a two -car garage, the garage would have to be moved in 1 order to construct units on the rear. But on balance, I consider the improvements on this property even after discounting the garage superior to those on the subject. After trending for time the sales price of $29,500 becomes $30,385. Since the ' improvements on this parcel are better this price tends to be an upper limit of value. However the broker reports that this was a distress sale and sold for from $1,000 to $1,500 below market value. Assuming this to be true and adding ' $1,250 to the $29,500 price and trending the result for time, the final result becomes $31,672. I believe this figure is certainly an upper limit of value for the subject. Sale 8 lies within the same block as our property. The improvements are approxi- mately equal to the subject although the sale has a two - bedroom house plus a two car garage. Again in order to construct units at the back of this property the garage would have to be removed. After trending the $27, 500 price for time we get $29,425. This figure, I believe, is a good indicator of the value of the subject. In this case too the buyer maintains she purchased the property at about $2,000 under the market. If this is true, the result is $31 , 565 after adding the $2 '000 to the $27 , 500 price, and after trending for time. I consider this figure a very firm upper limit of value for the subject. Sale 5, because it lies directly across the street from the subject, must be considered very comparable in location. It is also quite comparable in improve - ments. Although the house on this sale is superior to the apartment on the subject, the sale has no garage while the subject has. Since a unit over a garage could be constructed on this sale property it has a very similar potential to the subject. After trending the $23,500 price for time the result is $27,260. In this case the buyer claims he purchased it for about $2,000 below the market. Assuming this to be true and adding the $2, 000 to the $23 , 500 price we have $25 , 500. After trending this figure for time the result is $29,580 which I consider to be a firm upper limit of value for the subject. Sale 10 is one lot closer to Coast Highway than the subject. In addition, it was purchased by an adjoining owner who owns all the land between it and Coast Highway. Ordinarily such a buyer can be expected to pay top dollar. The [1 IMarket Data Approach (Continued) ' improvements here are a little superior to the subject in that they contain two bedrooms, have a fireplace and a two -car garage. But the garage in this case would have to be demolished in order to construct another unit. Considering the ' buyer, it is doubtful if he intends to add an additional unit. My information is that he purchased this property for eventual parking uses. After trending the $28,500 sales price for time, an effective price today is $29,355. I believe this ' is a good indicator of the approximate value of the property being appraised. It also suggests the subject is not worth more than $29,355. Sale 7 sold for $27,500 in August of this year. After trending for time, the price becomes $28,325. Since this parcel is zoned R -1, another unit could not be built on it as could be done on the parcel being appraised. Therefore this sale suggests a lower limit of value of $28,325 for our property. Escrow 6 has good locational comparability to the subject property. It is also ' on Marigold Street and is the third lot from the alley. However its zoning being R -1 is inferior to the R -2 zoning of the subject. Because of this zoning another unit could not be constructed on it. Also, the broker who sold it reports that it ' sold cheap because the seller was too anxious. He believes it could have brought more if he had been allowed more time to sell it. Considering all of these things, I believe this item suggests a firm lower limit of $25,000 for the ' subject. Escrow 9 which is selling for $23,500 is believed to set a firm lower limit of ' value for the subject. The improvements are much inferior to the subject's, besides this was a distress sale because it is a fact that prior to the first sale involved in this escrow a deed of trust on this property was in default and therefore foreclosure was imminent. In addition the owner was reported to be ill. I believe the $23,500 consideration to be paid for the second sale involved in this escrow sets a firm lower limit of value for the property being appraised. I II II J Summary of Market Data Approach Market Data No. Conclusions About the Value of the Subject Property 2 Definitely worth less than $ 33,990 3 Definitely worth less than 31 , 672 Probably worth less than 30,385 8 Definitely worth less than 31,565 Worth about 29,425 5 Definitely worth less than 29,580 Probably worth about 27,260 10 Probably not worth more than 29,355 Probably worth about 29,355 7 Worth more than 28,325 6 Definitely worth more than 25,000 9 Definitely worth more than 23,500 Considering the above, I conclude that the Market Data Approach indicates a value of $29,300 for the property being appraised. Conclusion Our two approaches to value have yielded the following: Cost Approach $ 30,340 Market Data Approach 29,300 I believe the depreciation estimate used in the Cost Approach is a most difficult factor to measure. But I believe the data collected in the Market Data Approach was unusually good. As a result I have given greater weight to the Market Data Approach. Therefore I estimate the value of this property at $29,500. Listing No. 1 LOCATION: 513 Larkspur Avenue DESCRIPTION: Lot 13, Block 537, Corona del Mar M. M. 3/41 OWNER: Donald Neill Autrey BROKER: Scenic Realty ZONING: R -2 PRICE: $23,500 IMPROVEMENTS: Cheap quality residence built in 1943, containing 590. Poor quality one -car garage. Both structures in poor condition DIMENSIONS: 30' x 118' 3,540 A. P. No.: 51- 191 -14 AS. VAL.: 1964 -65 Land $2,400 Improvements 1 , 100 Total $3,500 INTERVIEWED: R. D. Chamley in person DATE 11/13/65 BY JAM Can get an 80% loan. Single wall construction. 1 BR. Poor one -car garage (dirt floor), Was in multiple for 90 days @ $24,500 and didn't sell. Now he has an exclusive on it. Has been listed with him at $23,500 for 1 month. REMARKS: Sold 2 -5 -64 for $18,500 with $4,500 down. NIV 65 Sale No. 2 LOCATION: 511 Larkspur Avenue DESCRIPTION: Lot 11, Block 537, Corona del Mar M. M. 3/41 GRANTOR: Leonard & Alice E. Anderson GRANTEE: Rob Roy, Jr. & Frances E. Hiestand REC. DATE: 8 -25 -65 D OC. 19569 BK. 7642 PAGE 540 DEED DATE 7 -27 -65 I. R. S.: $27. 50 ZONINGS R -2 PRICE: $33,000 IMPROVEMENTS: Single family residence built in 1953, 1,169 0, one -car garage DIMENSIONS: 30' x 118' 3,540 A. P. No.: 51- 191 -24 AS. VAL.: 1965 -66 Land $2,400 Improvements 3,620 Total $6,020 INTERVIEWED: Mrs. Hiestand, in person DATE 11 -12 -65 BY JAM Price $33,000, $25,000 down. Was in good condition. 2 BR & bachelor quarters in garage consisting of large room, 3/4 bath, incl. shower, kitchenette. M.V. transaction. 30 da. escrow. niv 65 Sale No. 3 LOCATION: 505 Marguerite Avenue DESCRIPTION: Lot 5, Block 538, Corona del Mar Tr. GRANTOR: Mae Dell Merrick GRANTEE: P. D. and Florence M. Cook REC. DATE: 8 -10 -65 DOC. 6888 BOOK 7624 PAGE 484 DEED DATE 6 -21 -65 IRS: $32.45 ZONING: R -2 PRICE: $29,500 PMTD $23,600 IMPROVEMENTS: Single family residence, built 1959, 1,186 DIMENSIONS: 30' x 118' 3 , 540 A. P. No_: 51- 192 -10 AS. VAL.: 1965 -66 Land $2,490 Improvements 3,100 Total $5,590 INTERVIEWED: R. L. Strickler, in person @ $29, 500 DATE: 11 -13 -65 BY; JAM Cash to new loan. 2 + den. R -2. About 1,000 [ , LR fireplace, 1 bath, 2 -car garage. Seller paid for termite correction. Good condition except for termites. Sold cheap- - maybe $1,000 to $1,500 below market. Seller too anxious. Recorded about 8- 10 -65. ,IV 65 11 ' Sale No. 4 ' LOCATION: 716 -718 Marigold Avenue DESCRIPTION: Parcel 1: SW 25' of Lot 20, all of Lot 18 & NE 5' of Lot 16 Block 740, Corona del Mar Tr. ' Parcel 2: Easement for gas, water, sewer and public utility purposes over SW 3' of NE 5' of Lot 20. GRANTOR: Art C. and Marjorie J. Kistler ' GRANTEE: Harold R. and Fern M. Sproul REC. DATE: 5 -3 -65 DOC. 580 BOOK 7506 PAGE 1 DEED DATE 4 -30 -65 IRS: None 1 ZONING: R -2 1 11 1 1 ' PRICE: $42,000 IMPROVEMENTS: 2, 000 - Cost to demolish and clear house, patio, etc. LAND: $44,000 (New structures on 11- 13 -65) DIMENSIONS: 60' x 118' + 3' easement 7 , 080 ' A. P. No.: 51- 221 -22 AS. VAL.: 1965 -66 Land $3,650 Improvements 4,170 ' Total $7,820 INTERVIEWED: Maury Stauffer, with Don Franklin DATE 11 -13 -65 BY JAM ' Stauffer sold @ $42,000 including commission which buyer paid and including back payments which buyer paid. No payoff. ' Cost approx. $2,000 to demolish. Sold about April, 1965. Went for M. V. Was on market about 4 months. Buyer tried to use house but it straddled lot and city would not allow ' construction of additional units with it there. 1 11 1 1 LOCATION: 413 Marigold Avenue DESCRIPTION: Lot 5, Block 439, Corona del Mar M. 1\4 GRANTOR: Marvin M. & Leyla F. Ruwin GRANTEE: Fred R. & Ruth B. McBain REC. DATE: 7 -3 -64 DOC. 3245 BOOK 7117 PAGE IRS: $25. 85 ZONING: R -2 PRICE: $23,500 PMTD $17,500 IMPROVEMENTS Residence built 1951 840 [� DIMENSIONS: 30' x 118' 3,540 fi AP. NO.: 51-252-17 AS. VAL.: 1964 -65 Sale No. 5 3/41 62 DEED DATE 5 -18 -64 Land $2,400 Improvements 1,930 Total $4,330 INTERVIEWED: Mr. McBain, in person for $23,500 DATE 11 -12 -65 BY JAM Was asking $25,500. Felt bought below market. Seller in a hurry to leave country. $6,000 down, 2 BR, no garage, 1 bath Property in only average condition. Purchased as a home but intend some day to add an apartment & garage in rear. REMARKS: Across street from subject property. ' 4 65 Escrow No. 6 LOCATION: 327 Marigold Avenue DESCRIPTION: Lot 27, Block 239, Corona del Mar Tr. OWNER: Norwood F. Poindexter ZONING: R -1 PRICE: $25,000 EXIST. T.D. $17,500 orig. amount IMPROVEMENTS: Single family residence built 1946, 855 DIMENSIONS: 30' x 118' 3,540 A. P. No.: 52- 103 -15 AS. VAL.: 1965 -66 Land $2,400 Improvements 2,100 Total $4,500 INTERVIEWED: R. D. Chamley with Scenic Realty, in person DATE 11 -13 -6S @ $25,000 BY JAM Cash to existing loan. 2 BR , R -1 Were asking $29,900 LR, fireplace. Just entered escrow last week. 2 -car garage 5 V 65 LOCATION: 328 Marigold Avenue DESCRIPTION: Lot 30, Block 240, Corona del Mar Tr. GRANTOR: Josephine E. Small GRANTEE: Robert S. Clark and Paul S. Knotts REC. DATE: 8 -13 -65 DOC. 9841 BOOK 7628 PAGE 628 IRS: $30.25 ZONING: R -1 Sale No. 7 DEED DATE 8 -9 -65 PRICE: $27;500 IMPROVEMENTS: Single family residence, built 1947, 83 6 DIMENSIONS: 30' x 118' 3,540 A. P. No.: 52 -131 -1 AS. VAL.: 1965 -66 Land $2,560 Improvements 1 , 700 Total $4,260 INTERVIEWED: Mrs. Chris Hopper, with R. L. Strickler, broker, in person for $27,500 cash. Very nice house with built -ins etc. Sold about 5 mo. ago. DATE 11 -12 -65 BY JAM Mr. R. L. Strickler in person @ $27 , 500 cash. Has 2 BR house. Bought by property owner contiguous with Coast Highway frontage. In good condition but small. No tub. 2 -car garage. Buyer plans to demolish eventually. Rented for $140 with only water paid. DATE 11 -13 -65 BY JAM tov 65 LOCATION: 423 Narcissus Avenue DESCRIPTION: Lot 13, Block 440, Corona del Mar GRANTOR: Murray & Mary Jane Gardner GRANTEE: Julie E. Ary REC. DATE: 4 -30 -65 DOC. 25566 BOOK 7503 IRS: None ZONING: R -2 Sale No. 8 M. M. 3/41 PAGE 622 DEED DATE 3 -31 -65 PRICE: $27,500 DOWN: $5,500 PMTD $22,000 DIMENSIONS: 30' x 118' 3,540 IMPROVEMENTS: Residence built 1950, 812 2 -car garage A. P. No.: 51- 262 -10 AS. VAL.: 1964 -65 Land $2;400 Improvements 2,520 Total $4,920 INTERVIEWED: Mrs. Ary @ 545 -1673 for $27,500 with $5,500 down. Was in very good condition when purchased but interior needed some painting. Has since painted. Felt purchased it at about $2,000 under the market. Bought for an investment with the intention of moving into it some day. 2 BR, 1 bath, fireplace, 2 car garage. Rented for $165' /mo. with tenant paying all utilities except water. DATE: 11 -12 -65 BY: JAM �W 65 Double Escrow No. 9 LOCATION: 716 Orchid Avenue DESCRIPTION: Lot 18, Block 742, Corona del Mar Tr. GRANTOR: R. H. Edwards GRANTEE: Elsie Painter ZONING: R -2 PRICE: $23,500 IMPROVEMENTS: Cheaply built single family residence. Built 1950, 1, 280[ DIMENSIONS: 30' x 118' 3,540 fi A. P. No.: 51 -223 -2 AS. VAL.: 1965 -66 Land $2,030 Improvements 2,640 Total $4,670 INTERVIEWED: Mr. Edwards @ OR 3 -1047. Said sold (but still in escrow) for $22,000 net to seller. Was listed for $25,000. 1 BR apt. upstairs which rented for $80 unfurnished, and 2 BR apt. down- stairs which rented for $90 unf. Believes there is a double escrow going on but thinks fair price was $23,000 with seller paying commission. Was old and run down. DATE: 11 -13 -65 by JAM Mrs. Painter @ 673 -5290. She bought for $22,000 net to seller and is selling for $23,500. She is a real estate saleswoman. Both sales are still in escrow. 1 BR & 2 BR. Carport. Buyers from her intended to fix up. DATE: 11 -13 -65 BY: JAM REMARKS: Prior to first sale a trust deed on this property was in default. •OV 65 Sale No. 10 LOCATION: 412 Orchid Avenue. Next to Post Office parking lot. DESCRIPTION: Lot 6, Block 442, Corona del Mar GRANTOR: John W. Bartholomew GRANTEE: Frances M. Hubbard REC. DATE: 8 -3 -65 DOC. 1490 BOOK 7616 PAGE 634 DEED DATE 6 -9 -65 IRS: $31.35 ZONING: R -2 PRICE: $28,500 PMTD $22,800 IMPROVEMENTS: Single family residence built 1949, 934 [fi DIMENSIONS: 30' x 118' 3 , 540 A. P. No.: 51- 282 -17 AS. VAL.: 1965 -66 Land $2,400 Improvements 2,240 Total $4,640 INTERVIEWED: R. L. Strickler, in person, @ $28,500. Cash to new loan. Recorded about August, 1965. 2 BR, 2 -car garage. Good condition. Carpets & draperies, stove & refrigerator included & worth about $200. Bought by adjoining owner who owns post office and service station. Rented now for $150 /mo. with water paid. NIV 65 See File for Market Data Map ' Planning Department Interview (673 -2110) With: Charles C. Zimmerman, Planning Associate, City of Newport Beach Date: November 15, 1965 t Since the tract in which the subject property is situated was subdivided prior to the enactment of the R -2 portion of the zoning ordinance, the 5, 000 � minimum lot size does not apply. Therefore the subject's lot is a legal lot and another ' unit could be constructed on it. If a lot zoned residentially is contiguous to commercial uses, its owner will usually be granted a Conditional Use Permit to permit parking on it. Contiguity is construed to mean lots across an alley or t a street are contiguous since ownership usually goes to the center of a street or alley. Conditional Use Permits for parking ordinarily require that the lots be landscaped, paved, etc. The fire station and library are considered municipal, not commercial, uses. Consequently a CUP for parking would not be automatically granted to permit t parking use on the subject property under the contiguity rule. But the Planning Commission might consider the property being appraised a hardship situation and might allow it to be used for parking. tAn R -1 lot lying on the ocean side of Coast Highway in this neighborhood would almost certainly not be granted a variance to permit construction of another unit t on it. 11 II II II I I IJ ' QUALIFICATIONS of ' Joseph A. Mueller, M. A. 1. , S. R. A. Real Estate Appraiser EDUCATION A. B. , U. C. L. A. Concentrations in Business Administration and Mathematics Certificate in Real Estate, University of California Extension, upon successful completion of real estate courses in Law, Finance, Salesmanship, t Practice, Appraising, Advanced Appraising, Condemnation Appraising, Urban Land Economics and Residential Construction and Design American Institute of Real Estate Appraisers: Course II, Advanced Appraising, 1957 Course IV, Condemnation Appraising, 1959 Course VI, Techniques of Capitalization, 1965 TEACHING University of California Extension: ' Principles of Real Estate Appraising: eight one - semester courses (1960 -63) Advanced Real Estate Appraising: six one - semester courses (1963- ' 1965) Los Angeles City Board of Education: Principles of Real Estate Appraising: three one - semester courses '(1957 -19 58) 1 REAL ESTATE APPRAISAL EXPERIENCE County of Orange, Department of Real Property Services (1958 - 1965) 2 years (1958 -1961) staff appraiser (Associate Right of Way Agent) 3 years (1961 -1964) senior appraiser (Senior Valuation Agent) 2 years (1964 -1965) Assistant Director (in charge of Valuation i Division) Los Angeles City Board of Education, Real Estate Branch (1957 and 1958) All time as staff real estate appraiser (Realty Agent) William P. Robinson, S.R.A. , independent appraiser, Reseda, California ' (1954 -1958) Real estate appraiser (part time) VALUE OF REAL ESTATE APPRAISED Personally appraised over $165,000,000 worth of real estate Supervised the appraisal of over $100,000,000 worth of real estate TYPES OF PROPERTIES APPRAISED Vacant Land: Lots: single family residential, multiple family residential commercial, industrial, resort, ocean front, bay front, view, special purpose, etc. Acreage: single family residential, multiple family residential, commercial, industrial, agricultural, ranch, orchard, mountain, resort, ocean front, bay front, view, gravel bearing, sand bearing, submerged, water bearing, special purpose, etc. Residential: Single family dwellings (modest to palatial) Multiple family dwellings (furnished and unfurnished) Commercial: Retail stores, general office buildings, garages, service stations, parking lots Industrial: Warehouses, loft buildings Special Purpose: Schools, churches, fire station, library, cemetery, reservoirs, parks, wells and well sites, dumps (partially filled and filled) dump sites. EMINENT DOMAIN APPRAISALS FOR: Full and partial takings (fee and easement takings) Freeway, highway, road (widenings and new alignments) , flood control (channels and levees) , electrical transmission, school, civic center, parking lot, airport, storm drain, pipeline, reservoirs and well takings Inverse condemnation Employers who were sometimes condemning and sometimes being condemned State and Federal acquisitions COURT TESTIMONY In Superior Courts in Orange and Los Angeles Counties PROFESSIONAL AFFILIATIONS AND HONORS ' Member American Institute of Real Estate Appraisers (M. A. 1.) Senior Residential Appraiser of the Society of Real Estate Appraisers (S. R. A.) President (in 1965) of the Orange County Chapter of the Society of Real ' Estate Appraisers Member American Right of Way Association Affiliate Member Santa Ana Board of Realtors 1 APPRAISAL REPORT 414 Marigold Avenue Newport Beach, California for THE CITY OF NEWPORT BEACH Date of Value: November 18, 1965 I ' 601 NORTH BUSX STREET SANTA ANA, CALIF. 92701 1 1 O JOSEPH A. MUELLER, M.A.I. REAL ESTATE APPRAISER November 18, 1965 Mr. Calvin E. Monson Assistant to the City Manager City of Newport Beach City Hall 3300 West Newport Boulevard Newport Beach, California Dear Mr. Monson: OFFICE 0141 S43.1144 RESIDENCE 17141 SG2-6863 This is the appraisal report you authorized by your letter dated November 1 , 1965, and by your Purchase Order No. 1587. In my opinion, the market value on November 18, 1965, of the fee of the Annie S. Hughes property described more fully in this report was: TWENTY -NINE THOUSAND, FIVE HUNDRED DOLLARS ($29;500). A detailed description of this property and the basis and reasons for my con- clusions are explained in detail in this report. I certify that I have no present or contemplated future interest in the property appraised, and to the best of my knowledge and belief; statements contained and opinions expressed in this report are correct. This appraisal has been made in conformity with the Professional Standards of the American Institute of Real Estate Appraisers, of which I am a member. JAM: B Sincerely, Joseph -A. Mueller, M.A.I. II 1 Contingent and Limiting Conditions This appraisal is based upon the following assumptions and conditions: 1. That all information furnished to me by others as well as all maps, plats, legal descriptions, and area computations are assumed to be correct. 2. That I render no opinion as to the title, since I assume that it is good. Existing liens and encumbrances, if any, have been disregarded and the property is appraised as though free and clear. ' 3. That there exist no undisclosed restrictions or prohibitions concerning the possible use or development of the property for any purpose for which ' it is available. ' 4. That the enclosed photographs and maps are intended to help the reader visualize the properties. While the sketches and outlines on the photo- graphs and maps were prepared with care they may not be precisely correct. 11 11 5. That dimensions and areas are based upon County Assessor Maps. 6. That no responsibility is assumed for matters which are legal in character. Purpose of the Appraisal GENERAL INFORMATION t The purpose of this appraisal is to estimate the market value of the subject property. This valuation has been prepared to serve as a basis for the possible acquisition of this property by the City of Newport Beach. Definition of Market Value Market value is the highest price estimated in terms of money which the land would bring if exposed for sale in the open market, with reasonable time allowed in which to find a purchaser, buying with knowledge of all the uses and purposes to which it was adapted and for which it was capable. (Sacramento etc. R. R. v. Heilborn (1909) 156 C. 408) Property Rights Appraised tThe fee. Date of Value INovember 18, 1965 ' Surrounding Influences In my opinion the most important influences on this property in their approximate order of importance are: ' 1. The neighborhood which lies to the northwest, northeast and southeast of it. This neighborhood lies northerly of the commercial uses fronting along Coast Highway. The improvements in this neighborhood consist of t about 40% single family dwellings with the balance multiple family uses, principally duplexes. Although the improvements vary in age from before World War II to those just constructed, the majority of them have been 1 built since 1950. Almost all of these improvements are well maintained. Their qualities range from modest to luxurious. Almost without exception the rule is that the newer the improvements the higher the quality of them. t2. The commercial development along both sides of Coast Highway. The development along both sides of Coast Highway through the community of ' Corona del Mar is almost completely devoted to good quality strip -type 1 Surrounding Influences (Continued) commercial uses. The depth of these uses from Coast Highway is shallow, being a maximum of only about 140'. But both northerly and southerly of this commercial strip parking uses encroach into the R -2 zoned area lying north of Coast Highway and into the R -1 zoned area lying south of it. The depth of these parking uses is also shallow, being only one to a maximum of four, 30 -foot wide lots. As can be seen from the maps included in this appraisal, narrow alleys run roughly parallel to Coast Highway. These tend to separate the commercial frontage from the parking, R -1, and R -2 uses lying northerly and southerly of the alleys. It is evident that the commercial uses along Coast Highway do not enjoy an abundance of parking. So it can be expected that parking uses will continue to expand northerly and southerly from Coast Highway into the R -2 and R -1 zoned areas contiguous with it. 3. The city's fire department which lies between this property and the alley to the southwest. This station is constructed on a parcel consisting of two 30' x 118' adjoining lots. 4. The city's public library which adjoins the subject parcel on the north- east. This improvement is known as the Corona del Mar Dorothy Harry Memorial Library. Although the city owns the four adjoining lots to the northeast, this library is constructed on the southwesterly three of them. This structure is of good quality construction, is well maintained and attractive. View of the Subject Property from Marigold Ave. View of the structure from the library's parking lot. Looking northeasterly up Marigold Ave. Front of Subject Property is shown on the right. N 1V 65 NOV 65 NOV 65 II SUBJECT PROPERTY j' Identification of the Property ' A one - bedroom apartment built over a two -car garage. ' Location On the southeast side of Marigold Avenue, 195. 97' northeasterly of Coast Highway, ' in the Corona del Mar section of the City of Newport Beach, California. Vestee: Annie S. Hughes, an unmarried woman, by deed recorded April 16, 1951. Mailing Address 414 Marigold Avenue, Corona del. Mar, California Legal Description All that certain land situated in the State of California, County of Orange, City of ' Newport Beach, described as follows: Lot 6 in Block 440 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. IDimensions and Shape t This parcel is a perfect rectangle having 30' of frontage on Marigold Avenue and a uniform depth of 11.8' to a 14 -foot alley. ' Area ' 3,540 Utilities ' Water There is a 6" cast iron water main in the alley. It is located three feet from the rear property line. Water mains throughout ' this neighborhood are located in the alleys. Sewer A sanitary sewer is situated in the alley behind this property. A ' lateral runs into this parcel and is connected to the plumbing lines 1 i N LU O U k0 I as Z `p - I L 317N3Ad r "7e M1 0,9 1 ON0939 '0 e m N N N o 0 Ui M N e `p - I L 317N3Ad r "7e M1 0,9 1 ON0939 '0 e m N N N o 0 � O � N O rn e ti O � m o � I �c R a U °m sii N b P/ 1 1 t. Qc O o M M ' J O N O 0 ° 0 N O 0 N ON M O aj A// L 1 1 A- 1 � 1Sd00 os ti 0 a N N a ,AJo IQ cm O O j Q m v mW� j U z 2 y o Q � y 1 N ,os CCfl V N r o T � N O rn O M Z � � I �c °m L 1 1 A- 1 � 1Sd00 os ti 0 a N N a ,AJo IQ cm O O j Q m v mW� j U z 2 y o Q � y 1 O M O Z 2 o , So ,Sf N � i vl J � I �c O M O Z 2 o , So ,Sf vl J Z 2 Zv .S9 .oc a �Q: F Z��Z� IUtilities 1 Gas (Continued) of the structure on this parcel. Sewer mains throughout this neighborhood are situated in the alleys. Gas is connected to this property and is available throughout the neighborhood. Electricity Available and connected. ' Zoning R -21 duplex residential uses permitted in this zone are: 1. Single family dwellings ' 2. Two detached single family dwellings or one duplex ' 3. Accessory uses normally incidental to single family dwellings or duplexes. These uses are not to be construed as permitting any commercial uses. ' Building Height Limit: 1. For dwellings -- maximum two stories, but not exceeding 35' 2. For accessory buildings -- maximum 15' tBuilding Site Area and Lot Width Requirements: The current R -2 zoning requires a minimum of 5,000 lot area and minimum of 50' lot width on interior lots for each two dwellings or one duplex. But because this lot was subdivided prior to the existing ' ordinance, it is a legal lot and another unit could legally be built on it. (Please see Planning Department Interview in the Addenda.) ' Streets Marigold Avenue tRight of Way: 50' t Street Improvements Paving: 27' of asphalt Curbs: 6" concrete both sides ' Gutters: 1. 5' concrete both sides 1 Pi/ W� l/.a I U ` J Z/' \ /�r�l i ii ... Ja� ...• Y.UJ � 1 d 1 i °t Q ✓� d r h 4 p Oq \ e 'o '� IL <i ° Q O u z L• ?• J ��++ o z s ? 'ot p of P pry .� t. Ph •o., ���� l P�� try O ph a pry �\l 1p �Jpo OPO s�m�pQ Pry i, 1— U i r v ui f"0. p a pry o pry P ui 0 zf 2 :m a' ? r I IL o3 an°12 l ot• �'Oa [,d'� (1Ch �r 0 _ z W Nil M1 L < h � Y ll „ �p 0 I o a { o° Vf ° moa < 8 1 Streets (Continued) Sidewalks: 4' concrete both sides Street Trees: Both sides in 4. 5' parkways lying between the curb and sidewalk Street Lights: Neither side Alley in Rear Right of Way: 14' Paving: Asphalt Alley to the Southwest Right of Way: 14' Paving: Asphalt Improvements Exterior Foundation: Concrete Walls: Painted stucco up to second floor. Horizontally laid, painted wood siding above. Roof: Hip with wood shingles and open rafters. No gutters or down- spouts. Windows: Wood, double hung. Only upstairs windows on north and south sides have aluminum screens. Steps to Second Floor: Stucco sides with wood railing. Wood treads and risers, both painted. Outside Porch: Wood floor. Open rafter ceiling. Overall Exterior Quality: Average Overall Exterior Condition: Good but stucco needs paint and wood siding soon will need it. Interior, First Floor This floor is divided into a two -car garage by a wall running through the length of the building. This wall is constructed of 2 x 4 studs, 16" o. c. covered one side only with 1 x 6 t. g. boards. There is a solid wood door constructed of 1 x 6 t. g. boards set vertically. ' Floor: Concrete Walls: All exterior walls are unfinished with exposed studs and tarpaper. However, there is a little diagonally- affixed sheathing on the ' alley wall. Ceiling: Unpainted plaster 11 ALLEY MARIGOLD AVENUE /1= 20' PLOT PLAN 414 Marigold Avenue Corona del Mar Improvements (Continued) The north half of the garage has a stall shower with concrete floor, plaster walls and ceiling, but no door. Next to the shower there is a concrete laundry sink and in the corner, a toilet. Water Heater: 20 -gal. glass -lined Homart Interior, Second Floor This is an apartment having one bedroom, a living room, a dinette area, a kitchen and a bath. Floors: Hardwood, except linoleum in kitchen and bath Walls and Ceilings: Walls, ceilings and cabinets in bath and kitchen are enameled. All other paint is flat. Kitchen: Ceramic the counter with l' tile splash. There are painted wood cupboards under the counter, and on either side of the kitchen window there are wall and ceiling hung painted, wood cupboards. In the corner of the kitchen there is a painted broom closet and on the southerly wall there is a painted wall hung cupboard and a painted floor- standing cupboard with ceramic the counter. There is no forced air vent in the kitchen, or garbage disposer. Living Room: On the common wall between the living room and kitchen there is a panelray -type gas fired wall furnace manufactured by Ideal Heating Co. of Los Angeles. It has a 22, 500 B. T. U. per hour capacity. Bedroom: This room has two large painted wood closets with swing - out wood doors. Bath: Pullman -type lavatory with ceramic the counter having 9" of ceramic the splash. Above it there is a medicine cabinet with swing -out type, mirror door. The cast iron tub has 4' of ceramic the around it but no shower doors. There is a shower head above the tub. On the north wall below the window is a Thermador Electric Heater. Interior Doors and Trim: All softwood Interior Quality: Average Interior Condition: Good Yard Improvements Fences: Along the entire northeast property line except the easterly 6' there is redwood fencing. The rear portion near the building is 5' high solid redwood. The rest is part 3 -1/2' high and part 2' high rail fencing. All the posts are set approximately 6' apart. Along the southwest property line there is some solid redwood fencing. The portion near the structure is 5' high, while the portion closer to the street varies from 5' to 4 -1/2' to 4' high. u 24` M N Second Floor First Floor 1" = 10' FLOOR PLANS 414 Marigold Avenue Corona del Mar t' Improvements (Continued) ' Paving: The southeast 6' of the lot is paved with asphalt, while concrete paving exists around all sides of the structure except in front. ' Landscaping and Lawn; The front portion of the lot to a depth of about 30' has a very sparse lawn, almost nonexistant. Behind it for a distance of about 28' or 30' are some miscellaneous shrubs and 1 plants, principally geraniums. Between that area and the structure there is some average quality lawn with flower beds along the northeasterly fence. A concrete flagstone walk exists in front of the structure along the southwest line. ' Tax Information Assessor's Parcel No.: 51- 262 -16 1965 -66 Assessed Values: Land $1,920 ' Improvements 1,73Q Total $3,650 .' Assessee: Anne Hughes (Title Report shows Annie S. Hughes) ' According to the Assessor's records this property is improved with a residence containing 612[f and built in 1950. ' Code Area: 7 -001 1965 -66 Tax Rate: $7.5121 Current Taxes on Land and Improvements: $274. 19 1 Future Taxes: The new County Assessor has stated he intends to adjust the assessments on all properties in the county to 25% of market value. ' Considering the value of this property it is apparent that assessments may be approximately doubled on this parcel. ' Photographs ' All the photographs were taken by me between November 11 and November 14, 1965. I, 1 1 I VALUATION ANALYSIS Highest and Best Use I In my opinion the highest and best use of this property (excluding public owner- ship) is to continue its use as a garage apartment and to construct an additional t unit or house on the front portion of the lot. The existing zoning permits such a development and the demand for rental units in the area supports it. t Another feasible and proper use and a very close second is to leave the existing improvements in place and to hold them without further development until a better use (e. g. parking or commercial) develops and /or until values in the area for other uses increase to the point where moving off of the existing structure is 1 economic. 1 Before concluding that the above two uses are the best ones for this land, I have carefully considered using all of it for parking now, after removing the existing improvements. The reasons I believe parking use of this property is not suitable 1 at present area 1. The improvements existing are simply too valuable to demolish or to ' move off now. The cost alone to move them off would be excessive because the existing foundation and at least all of the plumbing on the first floor would have to be scrapped. As a result, the real cost of moving them would ' be not only actual moving costs but the cost of a new foundation, concrete paving on the first floor, plumbing, some electrical, major decoration both inside and out, the cost of clearing off the concrete foundation and slab, ' paving, and other improvements. i 2. The demand for parking here is not strong enough yet to merit such a use now. This parcel, being the third lot northerly from the alley, is simply i ! too far from the commercial uses on Coast Highway now. ' 3. The fire station adjoining this parcel to the south tends to shield view of it from Coast Highway. ' 4. The service station use directly southwesterly of this property and fronting on Coast Highway appears to already have adequate parking. 5. Obtaining a conditional use permit for parking might be difficult or impossible now. Based upon interviews with numerous brokers, owners and inhabitants of this area, I have concluded that the city would probably be ' hard put to deny a parking use now because a hardship could be argued. This is true because this property lies between two municipal uses which closely resemble commercial uses. Besides, the fire station, and especially ' the library, serve as excellent buffers between a parking use on this land and adjacent residential uses. 11 ' Highest and Best Use (Continued) ' In this analysis I have considered the possibility that the front portion of this lot could be devoted to parking while the existing improvements be allowed to remain on the rear of it. I do not believe this is a feasible use even if zoning could be ' obtained because the lot being only 30' wide is simply too narrow to permit ingress and egress of automobiles from solely the front of it. Since the existing structure has side yards of only 3' there is insufficient room to permit automobiles to exit into the alley. Before preparing this analysis I read the city's Corona del Mar Study prepared in November, 1964. The plans for redevelopment and assemblages of super blocks outlined in that report are an example of the types of possibilities that exist for this property in the future. These plans I believe would fortify the desire of many purchasers of this lot to simply hold it without further development as I have outlined under the second -best use above. Analysis ' In the analysis of any property an appraiser should consider the three classical approaches to value: the Cost, the Income, and the Market Data. In this appraisal ' the Income approach is not applicable since this property is not fully developed. Hence its income is not sufficient to carry the required return on its land value. The two other approaches were used. Each of them involved the use of market data. ' In the data collection process ten items were selected from several dozen uncovered. These data are included in the market data section of this report where details of t them as well as a market data map showing their location with respect to the subject property may be found. t All of the market data included in this report have paving, curbs, gutters, sidewalks and street trees in front. Also, all have sewers and all public utilities available. All have been trended for time at a rate of 1% per month from the recording date. ' And every item has been verified with either the buyer, the seller, or the broker who actually consummated the transaction. ' General Valuation Considerations: Before analyzing the data I would like to point out some of the important general items of information I have observed from a study of the market. ' There is a strong demand for all kinds of property in the Corona del Mar area at present. Ample financing is available to facilitate sales of it and there is a ' limited supply of properties on the market now. As a result of these things, properties comparable to the one being appraised have been rising in value at an estimated rate of 1% per month. 1 ' Analysis (Continued) ' In a rising market sales tend to set a lower limit of value and must be trended for time before being used. Listings on the other hand if exposed for an adequate time tend to set an upper limit of value. Escrows tend to indicate current values. Cost Approach ' The first step in this approach is to estimate the land value of the subject property as if it were vacant. The best evidence of the land value of the subject property may be derived from ' Sale 4. This property which consisted of two lots sold in May of this year for $42,000. Although it was improved at the time of sale with an old house, the house was later demolished in order to permit new construction. The cost of ' demolition and preparation of the lot for the new construction was approximately $2,000. Hence it can be said that $44,000 was effectively paid for 2 lots in May of 1965. After trending this sale for time at 1% a month the indicated value of these two lots is $46,640, or $23,320 each. Although this sale included a 3' easement for sewer and public utility purposes over the adjoining lot to the north, I do not believe that easement contributed any significant value to the ' parcel being sold, as the lot already was a double one and hence wider than most, so the side yard setbacks were and are adequate to allow sewer and public utility lines. ' An upper limit for land value of the subject is set, I believe, by Listing 1. This parcel has an old house of cheap quality and poor condition on it. The structure ' is about at the point where demolition must surely be in the minds of many pros- pective buyers. Since demolition would cost an estimated $500, a purchaser of it would have to pay about $24,000 to acquire a buildable lot. Still, there are ' other buyers in the market who would purchase this property with the intention of rehabilitating its improvements to extend their life. As a result I judge this listing sets an upper limit of $23,500 for the subject's land. Escrow 9 is quite similar to Listing 1 in that the improvements also are old and in poor condition. For those reasons I believe the price of $23,500 is another upper ' limit for the land value of the property being appraised. I conclude from the above that subject's land if it were vacant would be worth ' $23,300. My processing of this estimate in the cost approach follows on the next page. IL I' COST APPROACH Land Improvements Apartment 600; @ $12. 00 Garage 552f @ $ 3. 00 Shower, toilet & laundry tub Stairs Balcony 44� @ $4.50 Paving Asphalt 1806 @ $0. 21 Concrete 235ij @ $0.43 Fences Total Cost of Improvements Less Depreciation Estimated Economic Life When New: 50 yrs. Age: 15'yrs. Depreciation: 30 % Depreciated Replacement Cost Lawn, Landscaping & Misc. Indicated Value by the Cost Approach $ 7,200 1,656 200 150 198 38 101 300 $ 9,843 2,953 $ 23,300 m 150 $ 30,340 Market Data Approach This approach involves the comparison of sales, listings, and escrows with the subject property to get an indication of its value. Sale 2 sold in August, 1965 for $33,000, After trending at 1% per month the result is $33,990. The improvements on this property are superior to those on the subject because the house is of better quality, contains two bedrooms, and has bachelor quarters. I believe this sale indicates a strong upper limit of value for the subject of $33,997. Sale 3 is also a recent sale having occured in August of this year. This property is on a wider street and has a better house which contains two bedrooms plus a den. Although it has a two -car garage, the garage would have to be moved in order to construct units on the rear. But on balance, I consider the improvements on this property even after discounting the garage superior to those on the subject. After trending for time the sales price of $29,500 becomes $30,385. Since the improvements on this parcel are better this price tends to be an upper limit of value. However the broker reports that this was a distress sale and sold for from $1,000 to $1,500 below market value. Assuming this to be true and adding $1,250 to the $29,500 price and trending the result for time, the final result becomes $31 , 672. I believe this figure is certainly an upper limit of value for the subject. Sale 8 lies within the same block as our property. The improvements are approxi- mately equal to the subject although the sale has a two- bedroom house plus a two car garage. Again in order to construct units at the back of this property the garage would have to be removed. After trending the $27,500 price for time we get $29,425. This figure, I believe, is a good indicator of the value of the subject. In this case too the buyer maintains she purchased the property at about $2,000 under the market. If this is true, the result is $31,565 after adding the $2,000 to the $27,500 price, and after trending for time. I consider this figure a very firm upper limit of value for the subject. Sale 5, because it lies directly across the street from the subject, must be considered very comparable in location. It is also quite comparable in improve- ments. Although the house on this sale is superior to the apartment on the subject, the sale has no garage while the subject has. Since a unit over a garage could be constructed on this sale property it has a very similar potential to the subject. After trending the $23,500 price for time the result is $27,260. In this case the buyer claims he purchased it for about $2,000 below the market. Assuming this to be true and adding the $2,000 to the $23,500 price we have $25,500. After trending this figure for time the result is $20,580 which I consider to be a firm upper limit of value for the subject. Sale 10 is one lot closer to Coast Highway than the subject. In addition, it was purchased by an adjoining owner who owns all the land between it and Coast Highway. Ordinarily such a buyer can be expected to pay top dollar. The ' Market Data Approach (Continued) ' improvements here are a little superior to the subject in that they contain two bedrooms, have a fireplace and a two -car garage. But the garage in this case would have to be demolished in order to construct another unit. Considering the t buyer, it is doubtful if he intends to add an additional unit. My information is that he purchased this property for eventual parking uses. After trending the $28,500 sales price for time, an effective price today is $29,355. I believe this ' is a good indicator of the approximate value of the property being appraised. It also suggests the subject is-not worth more than $29,355. ' Sale 7 sold for $27,500 in August of this year. After trending for time, the price becomes $28,325. Since this parcel is zoned R -1 , another unit could not be built on it as could be done on the parcel being appraised. Therefore this sale suggests a lower limit of value of $28,325 for our property. Escrow 6 has good locational comparability to the subject property. It is also on Marigold Street and is the third lot from the alley. However its zoning being R -1 is inferior to the R -2 zoning of the subject. Because of this zoning another unit could not be constructed on it. Also, the broker who sold it reports that it sold cheap because the seller was too anxious. He believes it could have brought more if he had been allowed more time to sell it. Considering all of these things, I believe this item suggests a firm lower limit of $25,000 for the ' subject. Escrow 9 which is selling for $23,500 is believed to set a firm lower limit of tvalue for the subject. The improvements are much inferior to the subject's, besides this was a distress sale because it is a fact that prior to the first sale involved t in this escrow a deed of trust on this property was in default and therefore foreclosure was imminent. In addition the owner was reported to be ill. I believe the $23,500 consideration to be paid for the second sale involved in this escrow sets a firm tlower limit of value for the property being appraised. I I I I 11 1 I 1 1 1 1 1 i 1 1 1 1 1 Summary of Market Data Approach Market Data No. Conclusions About the Value of the Subject Property 2 Definitely worth less than $ 33,990 3 Definitely worth less than 31,672 Probably worth less than 30,385 8 Definitely worth less than 31,565 Worth about 29,425 5 Definitely worth less than 29,580 Probably worth about 27,260 10 Probably not worth more than 29,355 Probably worth about 29,355 7 Worth more than 28,325 6 Definitely worth more than 25,000 9 Definitely worth more than 23,500 Considering the above, I conclude that the Market Data Approach indicates a value of $29,300 for the property being appraised. Conclusion Our two approaches to value have yielded the following: Cost Approach $ 30,340 Market Data Approach 29,300 I believe the depreciation estimate used in the Cost Approach is a most difficult factor to measure. But I believe the data collected in the Market Data Approach was unusually good. As a result I have given greater weight to the Market Data Approach. Therefore I estimate the value of this property at $29,500. Listing No. 1 LOCATION: 513 Larkspur Avenue DESCRIPTION: Lot 13, Block 037, Corona del Mar IM. M. 3/41 OWNER: Donald Neill A.u7ey BROKER: Scenic Realty ZONING: R -2 PRICE: $23,500 IMPROVEMENTS: Cheap quality residence built in 1043, containing 590;. Poor quality one -car garage. Both structures in poor condition DIMENSIONS: 30' x 118' 3,540 g A. P. No.: 51- 191 -14 AS. VAL.: 1964 -65 Land $2,400 Improvements 1,100 Total $3,500 INTERVIEWED: R. D. Chamley in person DATE 11/13/65 BY jf'.\ Can get an 80% loan. Single wall construction. is SR. Poor one -car garage (dirt floor). Was in multiple for 10 da:yG C $24,500 and didn't sell. Now he has an exclusive xi 4t. Has been listed with him at $23,504 for 1 month. REMARKS: Sold 2 -5 -64. for $18,500 with $4,500 down. ,IV 65 Sale No. 2 LOCATION: 511 Larkspur rvenue DESCRIPTION: Lot 11, Block �',7, Corona del lvlar ivl.'M. 3/41 GRANTOR: Leonard & Alice E. Anderson ;GRANTEE: Rob Roy, Jr. & Prances E. Hiestand REC. DATE: 8 -25 -65 'DOG. !.-1569 BK. 7642 PA 'h 540 DEED DATE 7 -27 -65 I. R. S. i $27. 50 'LONINit 1 -2 PRICE: $33,000 I:riPR�JVEMENI'S: Single family residence built in 1 j 53 , 1, 1669 i one -car garage DIME SIGNS: 30' x 118' 3,540 A. P. No.: 51- 191 -24 AS. V.A.: 1965 -86 rand $2,400 Improve:r.ents 3,620 offal $6,020 INTERVIEVIED: Mrs. Hiestand: _-: person DINE 11 -12 -65 BY JAM Price $33,000, $2., jO0 dow .vas in good condition. 2 BR & bachelor quarters in garage consisting of large room, 3/4 bath, incl. sh) ver, kitchenette. N . V. transaction. 30 da. escrow. NIV 65 Sale No. 3 LOCATION: 505 Marguerite Avenue DESCRIPTION: Lot 5, Block 538, Corona del klar Tr. GRANTOR: Mae Dell Merrick GRANTEE: P. D. and Florence M. Cook REC. DATE: 8 -10 -65 DOC. 6888 BOOK 7624 PAGE 484 DEED DATE 6 -21 -65 IRS: $32.45 ZONING: R -2 PRICE: $29,500 PNiTD $23,600 Iib1PROVEMENTS: Single family residence, built 1959, 1,186 DIMENSIONS: 30' x 118' 3,540T. r. P. vo.: 51- 192 -10 AS. 'JAL.: 1965 -66 Land $2,490 Improvements 3,100 Total $5,590 INTERVIEWED: R. L. Strickler, in person t $23, 500 DATE: 11 -13 -65 BY; JAM Cash to new loan. 2 + den. R -2. About 1, 000 LR fireplace, 1 bath, 2 -car garage. Seller paid for termite correction. Good condition except for termites. Sold cheap- - maybe $1, 000 to $1, 500 below market. Seller too anxious. Recorded about 8- 10 -65. ,IV 1 65 I ' Sale No. 4 ' LOCATION: 716 -718 Marigold Avenue DESCRIPTION: Parcel 1: SW 25' of Lot 20, all of Lot 18 & NE 5' of Lot 16 Block 740, Corona del Mar Tr. ' Parcel 2: Easement for gas, water, sewer and public utility Purposes over SW 3' of NE 5' of Lot 20. GRANTOR: Art C. and Marjorie J. Kistler ' GRANTEE: Harold R. and Fern M. Sproul REC. DATE: 5 -3 -65 DOC. 580 BOOK 7506 PAGE 1 DEED DATE 4 -30 -65 IRS: None ZONING: R -2 PRICE: $42,000 IMPROVEMENTS: 2, 000 - Cost to demolish and clear house, patio, etc. LAND: $44,000 (New structures on 11- 13 -65) DIMENSIONS: 60' x 118' + 3' easement 7,080 A. P. No.: 51- 221 -22 AS. VAL.: 1965 -66 Land $3,650 Improvements 4,170 Total $7,820 INTERVIEWED: Maury Stauffer, with Don Franklin DATE 11 -13 -65 BY JAM Stauffer sold @ $42, 000 including commission which buyer paid and including back payments which buyer paid. No payoff. ' Cost approx. $2, 000 to demolish. Sold about April, 1965. Went for M. V. Was on market about 4 months. Buyer tried to use house but it straddled lot and city would not allow ' construction of additional units with it there. 1 1 1 1 LOCATION: 413 Marigold Avenue DESCRIPTION: Lot 5, Block 439, Corona del "vicar M. M GRANTOR: Marvin M. & Leyla F. Ruwin GRANTEE: Fred R. & Ruth B. MCBain REC. DATE: 7 -3 -64 DOC. 3245 BOOK 7117 PAGE IRS: $25.85 ZONING: R -2 PRICE: $23,500 PMTD $17,500 I1viPROVEMENTS Residence built 1951 840 DIMENSIONS: 30' x 118' 3,540 ;} AP. NO.: 51- 252 -17 AS. VAL.: 1964 -65 Sale No. 5 3/41 62 DEED DATE 5- 18--64 Land $2,400 Improvements 1,930 Total $4,330 INTERVIEvVED: Mr. McBain, in person for $23,500 DATE 11 -12 -65 BY JANI Jas asking $25,500. Felt bought below market. Seller in a hurry to leave country. $6,000 down, 2 BR, no garage, 1 bath Property in only average condition. Purchased as a home but intend some day to add an apartment & garage in rear. REMARKS: Across street from subject property. • ?V 1 65 Escrow No. 6 LG "AT ION: 327 'Marigold Avenue DESCRIPTION: Lot 27, Block 239, Corona del hlar rr. O'vVNER: Norwood F. Poindexter ZO *.+iI1.°.3: R -1 PRICE: $25,000 7"XIST. T.D. $17,500 orig. amount IMPROVEMENTS: Single family residence built 1946, 855 DIIVIENSIONS: 30' x 118' 3 , 540 A.. P. No.: 52- 103 -15 AS. VAL.: 1965 -66 Land $2,400 Improvements 2,100 Total $4,500 !INTERVIEWED: R. D. Chamley with Scenic Realty, in person DATE 11 -13 -65 Cu $25,000 BY JA M Cash to existing loan. 2 BR , R -1 'Were asking $29,900 LR, fireplace. Just entered escrow last week. 2 -car garage IV 65 Sale No. 7 LOCATION: 328 IMI - :rigold Avenue DE 0, dPTiOP.: Le :dock 240, Corona de.:; '4/Lar 'Tr. GR l' ii : Josel:h ne E. Small GRA:h TEE: Robert S. Clark and Paul S. Knotts REG. DATE: 8 -13 -65 DOC. '9841 B ;C;K 7628 PAGE 62E, DEED DATE 8 -9 -65 IRS: $30.25 ZONING: R -I PRICE: $27,500 IMPROVEINIENTS: Single family residence, built 1947, 836 if DI_- MENSIONS: 30' x. 118' 3,540 F F=. P. No.: 52 -131 -1 j:3. :'AL.: 1965 -66 Land $2,560 I =; prov8.nent$ 1, 7,10 Total $4,260 INTERVIEWED: Mrs. Chris Hopper, with R. L. Strickler, broker, in person for $27,500 cash. Very rice house with built -ins etc. Sold about 5 mo. ago. DATE 11 -i2 -65 BY JAM sir. R. L. Strickler in person " $27,5,00 cash. Has 2 BR house. Bought by property owner cor_Uguous with Coast Highway frontage. In good conditin: but small. No tub. 2 -car garage. Buyer plans to demolish _eventually. Rented for $140 with only water paid. DATE ii -13 -65 BY JAM Nov 65 sus Avenue 4 23 DESC,g PT. I -,)h: 'i 9. K 440, Corona Jel «ar M. M. 3/4' _'Aurray 6 5 ary jane Gardner GiUa T-EE julie E. A-ry REC. DATE: 4-30-6; ,-)")C. 25566 BOOK 7503 PAGE 622 DEED DATE 3-31-65 IR 3 . None ZONING: R-2 PRICE: 27,27, DOWN: $5,500 P1\14TD $22,000 D, I 1VI E N 8 i ON S: 30, x 1! 6 I!,APRt'-)VEN1ENTS-. Res4deric;e built 1950, G2? 2-car garage A. P. N c). :.S«: 222: Land $21,406, 01 ImproamenLs 2- 1 2, Total $4220 1 1: V1 E D ',1 rs. P 4 D- 67 3 'or $ 2 7, b 0 0 with $ 5, 5 0:0. A -)wn. V as in very good --Onditon when purchased but interior needed some pa . "Has since painted. Felt purchased ml at dbout $2,030 under th- mark-et. Bought an investment wiU-, ::be ltilenciDr, ..)f -vi, .- -n- -1, -it- eplace, 2. garage. it s,.)me day. 2 BR, 1 bath, ftr- rmo. with tenant paying all ---x, ep' water, DATE: I 1- 1 2-65 BY: JAM Double Escrow No. 9 LOCATION: 716 Orchid Avenue DESCRIPTICN: Lot 18, Block 742, Corona del Mar Tr. GRANTOR: R. H. Edwards GRANTEE: Elsie Painter ZONING: R -2 PRICE: $23,500 INI PROVE 1biENTS: Cheaply built single family residence. Built 1950, 1,280;! DIiviEN31ONS: 30' x 118' 3,540 3 A. P. No.: 51 -223 -2 AS. VAL.: 1965 -66 Land $2,030 Improvements 2,640 Total $4,670 INTERVIEWED: Mr. Edwards OR 3- 1047. Said sold (but still in escrow) for $22,000 net to seller. Was listed for $25,000. 1 BR apt. upstairs which rented for $80 unfurnished, and 2 BR apt. down- stairs which rented for $93 unf. Believes there is a double escrow going on but thinks fair price was $23,000 with seller paying commission. Was old and run down. DATE: 11 -13 -65 by JAM Mrs. Painter Cc� 673 -5200. She bought for $22,000 net to seller and is selling for $23,503. She is a real estate saleswoman.. Both sales are still in escrow. 1 BR & 2 BR, Carport. Buyers from her intended to fix up. DATE: 11- 1.3 -65 BY: JAM REMARKS: Prior to first sale a trust deed on this property was in default. 4'IV • 65 Sale No. 10 LOCATION: 412 Orchid Avenue. Next to Post Office parking lot. DESCRIPTION: lot 6, Block 442, Corona del ivlar GRANTOR: John W. Bartholomew GRANTEE: Frances M. Hubbard REC. DATE: 8 -3 -65 DOC. 1490 BOOK 7£16 PAGE 634 DEED DATE 6 -9 -65 IRS: $31.35 ZONING: R -2 PRICE: $28,500 PMTD $22,800 IMPROVEMENTS: Single family residence built 1949, 934 } DIMENSIONS: 30' x 118' 3,540 A. P. No.: 51- 282 -17 AS. VAL.:' 1965 -66 Land $2,400 Improvements 2,240 Total $4,640 INTERVIEWED: R. L. Strickler, in person, Co' $28,500. Cash to new loan. Recorded about August, 1965. 2 BR, 2 -car garage. Good condition. Carpets & draperies, stove & refrigerator included & worth about $200. Bought by adjoining owner who owns post office and service station. Rented now for $150 /mo. with water paid. Inv 65 See File for Market Data Map Plannina Department Interview (673 -2110) With: Charles C. Zimmerman, Planning Associate, City of Newport Beach Date: November 15, 1965 Since the tract in which the subject property is situated was subdivided prior to the enactment of the R -2 portion of the zoning ordinance, the 5,000 � minimum lot size does not apply. Therefore the subject's lot is a legal lot and another unit could be constructed on it. If a lot zoned residentially is contiguous to commercial uses, its owner will usually be granted a Conditional Use Permit to permit parking on it. Contiguity is construed to mean lots across an alley or a street are contiguous since ownership usually goes to the center of a street or alley. Conditional Use Permits for parking ordinarily require that the lots be landscaped, paved, etc. The fire station and library are considered municipal, not commercial, uses. Consequently a CUP for parking would not be automatically granted to permit parking use on the subject property under the contiguity rule. But the Planning Commission might consider the property being appraised a hardship situation and might allow it to be used for parking. An R -1 lot lying on the ocean side of Coast Highway in this neighborhood would almost certainly not be granted a variance to permit construction of another unit on it. I QUALIFICATIONS of Joseph A. Mueller, M. A. I. , S. R. A. Real Estate Appraiser EDUCATION t A. B. , U. C. L. A. Concentrations in Business Administration and Mathematics Certificate in Real Estate, University of California Extension, upon successful completion of real estate courses in Law, Finance, Salesmanship, ' Practice, Appraising, Advanced Appraising, Condemnation Appraising, Urban Land Economics and Residential. Construction and Design American Institute of Real Estate Appraisers: Course II, Advanced Appraising, 1957 Course IV, Condemnation Appraising, 1959 Course VI, Techniques of Capitalization, 1965 TEACHING University of California Extension: Principles of Real Estate Appraising: eight one - semester courses (1960 -63) Advanced Real Estate Appraising: six one- semester courses (1963- 19 65) Los Angeles City Board of Education: Principles of Real Estate Appraising: three one- semester courses (1957-1958) REAL ESTATE APPRAISAL EXPERIENCE County of Orange, Department of Real Property Services (1958 -1965) 2 years (1958 -1961) staff appraiser (Associate Right of Way Agent) 3 years (1961 - 1964) senior appraiser (Senior Valuation Agent) 2 years (1964 -1965) Assistant Director (in charge of Valuation Division) Los Angeles City Board of Education, Real Estate Branch (1957 and 1958) All time as staff real estate appraiser (Realty Agent) William P. Robinson, S.R.A. , independent appraiser, Reseda, California (1954 -1958) Real estate appraiser (part time) ' VALUE OF REAL ESTATE APPRAISED Personally appraised over $165,000,000 worth of real estate Supervised the appraisal of over $100,000,000 worth of real estate 11 ' TYPES OF PROPERTIES APPRAISED Vacant Land: Lots: single family residential, multiple family residential commercial, industrial, resort, oceanfront, bay front, view, special purpose, etc. ' Acreage: single family residential, multiple family residential, commercial, industrial, agricultural, ranch, orchard, mountain, resort, ocean front, bay front, view, gravel bearing, sand bearing, submerged, water bearing, special purpose, etc. Residential: Single family dwellings (modest to palatial) ' Multiple family dwellings (furnished and unfurnished) Commercial: Retail stores, general office buildings, garages, service stations, ' parking lots Industrial: Warehouses, loft buildings ' Special Purpose: Schools, churches, fire station, library, cemetery, reservoirs, parks, wells and well sites, dumps (partially filled and filled) ' dump sites. EMINENT DOMAIN APPRAISALS FOR: . 1 Full and partial takings (fee and easement takings) Freeway, highway, road (widenings and new alignments) , flood control (channels and levees) , electrical transmission, school, civic center, 1 parking lot, airport, storm drain, pipeline, reservoirs and well takings Inverse condemnation Employers who were sometimes condemning and sometimes being condemned ' State and Federal acquisitions COURT TESTIMONY In Superior Courts in Orange and Los Angeles Counties PROFESSIONAL AFFILIATIONS AND HONORS Member American Institute of Real Estate Appraisers (M. A. I.) Senior Residential Appraiser of the Society of Real Estate Appraisers (S. R. A.) President (in 1965) of the Orange County Chapter of the Society of Real Estate Appraisers Member American Right of Way Association ' Affiliate Member Santa Ana Board of Realtors � . Y MINUTES OF THE BOARD OF SUPERVISORS OF ORANGE COUNTY, CALIFORNIA April 26, 1966 ✓ •L O' 01N OF p041, T1� IN RE: CANCELLATION OF TAXES CITY OF NEWPORT BEACH PROPERTY On motion of Supervisor Featherly, duly seconded and unanimously carried, the request of the City of Newport Beach for the cancellation of taxes on the following described property, is granted and so ordered and the County Auditor- Controller is ordered to transfer to the unsecured roll the portion of the tax chargeable to the assessee pursuant to law: Deed recorded gn April 4, 1966, in Book 7889, Page 391, Official Records of Orange County, California. All A.P. 51- 262 -18 C.A. 7 -001. Effective date of cancellation - 4 -4 -66 (Recording date)tf, �NEO 066 ­NGF511T.ATIG" OF TAXES QPANGE- COUNTY WATER DISTRIC RTY On motion of Supervisor Featherly, duly seconded and unanimously carri d, the request of the Orange County Water District for the cancell ion of taxes on the following described Orange County Water District p perty is granted and so ordered and the-County Auditor - Controller is ordered to transfer to the unsecured roll the portion of the tax chargea a to the assessee pursuant to law: Deed recor d on February 7, 1966, in Book 7832, Pages 784 -787, Official Reco s of Orange County, California. All A.P. 77 -150- C.A. 1 -064. All existing impro ments. Effective date of can llation - 2 -7 -66 (Recording date). 1� IN RE: CANCELLATION OF TAXES BUE PARK SCHOOL DISTRICT PROPERTY On motion of Supervisor Featherl duly seconded and unanimously carried, the request of the Buena Park Scho District for the cancellation of taxes on the following describ d property acquired by the Buena Park School District for the use of th school, is granted and so ordered and the County Auditor - Controller is ord ed to transfer to the unsecured roll the portion of the tax chargeable t the assessee pursuant to law: Deed recorded on April 17, 1961, in Book 5692, \91, al Records of Orange ,County, California. Portion A.P. 70- 090 -65 C.A. 14 -001 1961 -62 roll - All - A.P. 70- 090 -33 C.A. 14 -0 „°" jve date o €- -c- ancellation 4 i7 6'. `' F 1 -013 -2.1 CITY 9IVOWPORT BEACH CI ATTORNEY DEPARTHEMT April 12, 1966 Tot City Clerk Fromt City Attorney Subjects Purchase of property from Annie S. Hughes Attached is the original grant deed dated March 1, 1966, from Annie S. Hughes to the City which conveys the property located at 414 !Marigold Avenue, Corona del Mar. This deed was recorded on April 4, 1966, in Book 7889, page 391, Official Records of Orange County. The deed should be retained in the official file of the City pertaining to the purchase of the subject property. THStmec Att. Tally H. Seymour City Attorney cc - City lMana;er (Attentiont Assistant to the City Manager) April 11, 1966 The HonoraV a Board of Sdpsvisors Orange County Court House Santa Ana, California Gentlemen: On behalf of the City of` "ort Beach, the undersigned hereby consents to and requests the cancellation of taxes on the following described property: Lot 6 in Block 440 of Corona del liar, as shown on a clap recorded in book 3, pages 41 and 42 of Miscellaneous Maps, records .of Orange County, California. This property was acquired by' the City of Newport Beach by a grant deed dated March 1, 1966, and recorded on April 4, 1966, in Book 7889, at page 391, Official Records of Orange County, California. Thank you for your consideration in this matter. Very truly yours, Tully H. Seymour City Attorney THS :aem cc - City Manager City Clerk April 11, 1966 Mr. E. Broley Travis >' Chief, Valuation Division State Board of Equalization P. 0. Box 1799 Sacramento S. California Dear Sir: The City of Newport Beach recently acquired the following described property from Annie S. Hu heal an unmarried woman, by a grant deed recorded April 49 1966, in Book 7889 at page 391, Official Records of Orange County, Cali- fornia. Lot 6 in Block 440 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. This information is supplied to you in order that you may make any changes necessary in your records for assessment purposes. Very truly yours, Tully H. Seymour City Attorney THS :aem cc City Manager City Clerk 4. California Land Title Association s COI-1-90 PoI;CY or . Cop,,ight 1963 CS p M E R � c . Z 92 a POLICY OF TITLE INSURANCE ISSUED BY First American Title Insurance & Trust Company FIRST AMERICAN TITLE INSURANCE $ TRUST COMPANY, a California corporation, herein called the Company, for a valuable consideration paid for this policy, the number, the effective date, and amount of which are shown in Schedule A, hereby insures the parties named as Insured in Schedule A, . the heirs, devisees, personal representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation, against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys' fees and expenses which the Company may become obligated to pay as provided In the Conditions and Stipulations hereof, which the Insured shall sustain by reason of; 1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the land described or referred to in Schedule C, existing at the date hereof, not shown or referred to in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or 2, Unmarkelability of such title; or 3. Any defect In the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as Insured in Schedule A, but only insofar as such defect affects the Lien or charge of said mortgage upon the estate or interest referred to in this policy; or 4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred to in Schedule B, or excluded from coverage in Schedule B or in the Conditions and Stipulations, said mortgage being shown in Sched- ule B in the order of its priority; all subject, however, to the Conditions and Stipulations hereto annexed, which Conditions and Stipulations, together with Schedules A, B, and C are hereby made a part of this policy. In Witness Whereof, First American Title Insurance & Trust Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers, on the date shown in SCHEDULE A. First American Title Insurance & Trust Company �Q •i�reito: �, oBY PRESIDENT rid 40 Y •SFPL 2?••' ! ,� ATTEST SECRETARY w 111111 t i'i C ^Q(AIF0Co COP \.. N Form No. IOB4.2 Owner's Land Sta Association • • , Owner's Policy—Standard Form 8 -1962 and c Ste nd erd Cov<re9e Policy Form copyright 1967 SCHEDULE A Total Fee for Title Search, Examination and Title Insurance $..167.00 ....... _____ Amount $ 29,500.00 Policy No. 874053 Effective Date April 4, 1966 at 8 :00 A. M. Insured CITY OF NEWPORT BEACH, a Municipal corporation. I. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF NEWPORT BEACH, a Municipal corporation, by deed recorded April 4, 1966, in Book 7889, page 391 of Official Records. 2. The estate or interest in the land described or referred to in Schedule C covered by this policy is: A Fee. Page 2 Smrdo,fe Lend Title /;I, Kon • . Cande,d Cand Tie Policy form copy' ;qht 1963 Form 1084-3 SCHEDULE B 874053 :.Mis .}>ofi.y - .�:,ez ara'nnaq^ Z. s,. s nn y:3-`z ca,S a-ad }Wy ca. ,a, -ag: Part One- I. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easement or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose. S. Unparented mininq claims;. reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. Part Two: 1. General and Special Taxes for the fiscal year 1966 -1967 a lien not yet payable; Code Area 7 -001, A. P. No. 51 -262- 18. 2. Second installment General and Special Taxes for the fiscal year 1965 -1966, Amount $137.09, Code Area 7 -001, A. P. No. 51- 262 -18. 3. The Rights of Way along the roads and highways shown and designated upon said map for road purposes, pipe lines, electric railroad or any other form of rail transportation and for telephone and telegraph lines to the lands of The Irvine Company lying to the East of the herein described land as reserved by The Irvine Company in the deed recorded December 12, 1911 in Book 204, page 160 of Deeds. 4. Covenants, conditions and restrictions in an instrument recorded prior to February 15, 1950, in Book 565, page 219 of Deeds, which provide that a violation thereof shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value. Page 3 Form No. 1056.4 All Poky Forms SCHEDULE C 874053 The land referred to in this policy is situated in the State of California County of Orange, City of Newport Beach and is described as follows: Lot 6 in Block 440 of Corona Del .far, as shown on a Map recorded in Book 3, pages 41 and 42 of Miscellaneous Maps, records of Orange County, California. HRD:emb Page 4 n u -.Te S.i:cwieg tote's whoa used in this policy mean: (a) "land": the land described, specifically or by reference , in Schedule C and Improvements affixed thereto wuieh by law constitute teal property; (b) "vubHe rtvsds "; those records which im- ",Ir.._-_:dve Wtiy of matters relating to. said do "` 'alga ": actual knowledge, not con - strucpvi la, "wle5gc or notice which may he imputed to the Insured by rouses of any ppuhlie records; (d) "date ": the effective date; (e) "mortgage ": mortgage, deed of trust, trust deed, or other security fns currents; and (f) 'insured': the party or parties named as Insured, and if the owner of the indebtedness secured by a mortgage shown fn Schedule B is named as an Insured in Schedule A,. the Insured shell include ( 1) each successor in interest in ownership of suehin- dehiedness, (2) any such owner who acquires the estate or interest referred to in this policy by fore - elosore, trustee's sale. or other legal manner in satis- faction of said indebtedness, and (3) any federal agency or instrumentality which Is an insurer or guar- antor under en issue". contract or guaranty insur- ing or guaranteeing sold indebtedness or any part thereof, whether named as an Insured herein or not. subject otherwise to the provisions hereof. 2. BENEFITS AFTER ACQUISITION OF TITLE If an insused owner of the indebtedness secured by a mortgage described in Schedule B acquires said estate or interest, or any part thereof, by foreclosure, trustee's sale, or other legal manner In satisfaction of said indebtedness, or stay part thereof, or if e federal agency or Instrumentality acquires sold estate or interest. or any part thereof, as a consequence of an insmence contract or guaranty insuring or guaran- teeing the indebtedness secured by a mortgage cov- ered by tTis policy, or .say part thereof, this polley shall continue in form in favor of such Insured, agency or instrumentality, subject to all of the mn- ditions and stipulations hereof. 2. EXCLUSIONS FROM THE COVERAGE OF THIS POLICY This policy does not insure against loss or damage by remon of the following: (a) Any law, ordinance or governmental regu- lation (including hot not limited to hutldtng and zoning ordinances) restricting or regulating or pro- hibiting the occupancy, use or enjoyment of the land. or regulating the character, dimensions, or location of any improvement now or hereafter crested on said land, or prohibiting a separation in ownership or a ceduetion in the dimensions or men of any lot or parcel of land. (h) Governmental rights of police power or eminent domain unless notice of the exercise of such rights appear in the public records at the date hereof. (s) Title to any property beyond the lines of the land expressly described in Schedule C. or stile W streets,roads avenues. lanes ways or waterways on which such tend abuts, or ibe right to maintain therein vaults, tunnels, ramps or any other structure or improvement; or any rights or casements therein unless this policy specifically provides that sveh property, rights or easements are insured, except that if the land shuts upon one or more physically open streets or highways this policy insures the ordinary rights of shutting owners for access to one of such streets or highways, unless otherwse excepted or excluded herein. (d) Defects, liens, encumbrances, adverse claims against the title as taloned or other matters (I) created, suffered, assumed or agreed to by the Insured claiming loss or damage; or (2) known to the Insured Claimant either at the dote of this Policy or at the date such Insured Claimant acquired on estate or interest insured by this policy and not shown by the goalie records, unless disclosure thereof to writing by the Insured shell have hoe. made to the Company prior to the data of this policy; w (3 resulting in no loss to the Insured Claimant; or (4) attaching or created suhseggent to the date hereof. (e) Lose or derange wit ieb would not hove keen sustained If the tutored were n moel mar or eneum- braneer far vahm without k novIrogo. 4. DEFENSE AND PROSECUTION OF ACTIONS — NOTICE OF CLAIM TO BE GIVEN BY THE INSURED r Tin rirtrmar•v, at its nwn eon sell without :::) sail pprvb)n (1 i No tha drLnuC of the i.nr :ii,m von iaieg of .. tiunx ar Pra- 01 agnimt Ihu Listrud. or 1,.fansee, rr :vaitiin$norden. or miunHiNU iournaosed rgninat u fineelosure or soli- rf he mortgage and indebted - mss covered by this policy or a sale of the estate or interest in said land; or (2) for such action as toy he appropriate to establish the title of the esI.,, or interest or the lien of the mortgoggc m insured... hieh litigation or action in any of eurL events is founded 0 ng, i..;i i.y ;his 1 city, od i...:> ;;weuv Lt.), h :i"xliiat to in al determination fn the court of last tunes. (b) In ease any such action or proceeding shall he begun, or defense interposed or in ease knowl- edge shall come to the Insured of any claims of title or interest which is adverse to the title of the estate or interest or lien of the mortgage as insured, or which might cause loss or damage for which the Company shall or may he liable by virtue of this popes, or 8 the Insured sled] to good faith contract to sell the Indebtedness secured by a mortgage cov- ered by this polity, or, if an Insured in good faith leases or contracts to sell, lease or mortgage the same, or if the successful bidder at a foreclosure sale under • mortgage covered by this pulle refuses to purchase end in any such event the ti tle to said estate or interest is rejected as unmarketable, the Insured shell notify the Company thereof in writing. If such notim shall not he given to the Company within ten days of the receipt of process or pleadings or if the Insured shall not, to writing, promptly notify the Company of any defeet, lien or encumbrance insured against which shail come to the knowledge of the Insured. or if the Insured shall not, in writing. promptly notify the Company of any such rejection by reason of claimed unmerketnhtlity of title. then ell liability of the Company in regard to the suMee I matter of sveh action, promeding or matter X.'Il ease end msoet- nete; provided. however, that failure to notify shall In no ease prejudim the claim of any Insured unless the Company shell he actually prejudiced by such failure and then only to the extent of such prejudice. (e) The Company shot] have the right at its own cost to institute and prosecute any action or promeding or do any other net which in its opinion me he necessary or desirable to establish the title of the estate or interest or the lien of the mortgage as insured; end the Company may take any eppro- prime action under the terms of this policy whether or not it shall he liable thereunder and shall not thereby conmde liability or waive any provision of this policy. (d) In all eases where Uns policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the Insured shall secure to it the right to so prosecute or provide defense in such action or proceeding, and all appeals therein, and permit it to use, at its option, the name of the Insured for such purpose. Whenever requested by the Company the Insured . shall give the Company ell reasonable aid in any such action or proceeding, in effecting settlement, securing evidence, obtaining witnesses, or prosecuting or defending such action or proceeding, and the Company shall reimburse he Insulted for any expense so intrusted. S. NOTICE OF LOSS — LIMITATION OF ACTION In addition to the notices required under pars - graph 4(h), a statement . in writing of any loss or damage for which it is claimed the Company is liable seen actermmeu ono no ngni or action soon accrue to the Insured under this policy until thirty days after such statement shall have been furnished, and no recovery shall he had by the Insured under this policy unless action shall he commenced thereon within five years after expiration of said thirty day period. Failure to furnish such statement of loss or damage, or to commence such action within the time hereinbefore specified, shall he o conclusive bar against maintenance by the Insured of any action under this policy. 6. OPTION TO PAY, SETTLE OR COMPROMISE CLAIMS The Company shell have the option to pay or settle or compromise for or to the name of the Insured any claim insured against or to pay the full amount of this policy, or, in ease loss is claimed under this policy by the owner of the indebtedness secured by a mortgage covered by this policy, the Company shn8 have the option to purchase sold indebtedness; such purchase, payment or tender of payment of the full .mount of this policy, together with oil costs, attor- neys' fees and expenses which the Company is obli- gated hereunder to pay shot) terminate ell liability of the Company hereunrer. In the event; after notice of elnlm has been given to the Con.panY by the l ssured, the CnmPatty offers to purehmse said in- dolnaducss, the owner of such indebtedness shall transfer and assign said indebtedness and the mort- gage securing the same to the Company upon pay- ment of the pulehose prim. 7. PAYMENT OF LOSS (a) The liability of the Company under this P olicy shall it, no ease exceed, to all, the actual loss n( the Insured and cost., and nttnmuys' fees which the Company may be obligated hereunder to pay. (h) The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon the Insured in litigation carted on by the Compony for the Insured, and all costs and attorneys' fees in litigation carried on h the Insured with the written nuUsorirntion of the (Ampaay. ... .� ... ... .. ....0 .. 1.. .:im; 'ceit, I gec, n( m. al(L) fl s d A G­,, Y. oftcr ha ub racout 'Mice le r,,:i hen moves such defeat lien or cneu b etc within a for liability time after receipt of such notices re (2) set ing any elm or na assumed by the !neared in settling any , or or suit a event written is rejected mines, of the Company, le ec in the event the tide o rejected as unmarketable because of a defeat, Ben li encem- there not can .f el excluded ti thin policy, until comp ten hero a final determination re a court of competent jurisdiction sustaining such rejection. (d) All payments under ys' policy, except sea; ments ace for coats, , of the fees and expenses: shell reduce the amount of the Insurance without pro icing and o payment shall he made cpas producing this policy for endorsement of such payment unless the policy he lost destroyed, in wltieb ease proof of such Toss or destruction shell he v led. how to the the owner of the Company; provided, however, e the owner of an Indebtedness B a secured TY a mortgage shown in Schedule 8 is Insmed herein then such Payments shell not reduce pro matt the amomt of the ipt to ace afforded hereunder as a such ace the except to the extent that such payments reduce the amount of the Indebtedness secured by such mort- gage. Payment to full by any person or voluntary satisfaction this release by the mussed of a mortgage covered. by this polies shall terminate to all liability of the Company to the roamed owner a the indebted- new secured by such mortgage, except as Provided in paragraph 2 hereof. (e) When ehco has been definitely fixed in t accordance with the conditions ditions o! this Polley the lose or damage shall he payable within thirty days there- after. 8. LIABILITY NONCUMULATIVE It is expressly understood that the amount of this Policy is reduced by say amount the Company may Pay under any Policy insuring the validity or pri- ority of any mortgage shown or referred to in Sched- ule B hereof or any mortgage hereafter executed by the Insured which is a charge or Ben on the estate or interest described or referred to in Schedule A, and the amount so paid shall he deemed a Payment to the Insured under this policy. The provtsons of this paragraph numhered d shall not apply to an Insured owner of an indebtedness seemed by a mort- gage shown in Schedule B unless such Insured air quires title to said estate or interest in satisfaction of said indebtedness or any part thereof. 9. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under this Policy, all right of subrogatton shall vest in the Company unaffected by any act of the Insmed. and it shall he suhrogated to and he entitled to all rights and remedies which the Insured would have had against any person or property in respect to such claim had this policy not been issued. If the payment does not cover the loss of the Insured, the Company shall he suhrogated to such rights and remedies in the proportion which said payment hears to the amount of said loss. If loss should result from any net of the Insured, such act shall not void this Polley, but the Company, in that event, shall he required to Pay only that part of any losses insured against here- under which shall exceed the amount. if any, lost to the Company by reason of the tmpaimsem of the right of suhrogation. The Insured, if requested by the Company, shell transfer to the Company all rights and remedies against any person or property nems- sary in order to perfect such. right of suhrogation, and shall permit the Company to use the name of Ute Insured in any transaction or litigation involving such rights or remedies. If the Insured is the owner of the indebtedness secured by o mortgage covered by this policy, such Insured may release or substitute the personal Band. ity of any debtor or guarantor, Or extend or otherwise modify the terns of payment, or release a portion of the estate or interest from the lien of the mortgage, or release any collateral security for the indebted- ness, provided such set does not result in any low of priority of the lien of the mortgage. 10. POLICY ENTIRE CONTRACT Any anion or actions or rights of action that the Instred may have or may bring against the Company arising out of the stews of the lien of the mortgage covered by this policy or the title of the estate or interest insured herein most he based on the provf- sions of this policy. No provtston or condition of this policy can he waived or changed exeePt by writfng endowed hereon or attached hereto signed by the President, a Vice President, the Secretary, an Assistant Secretary or other validating o8scer of the Company. 11. NOTICES, WHERE SENT All notices re .... licit to he given the Compatty and nay .an Lennon in writing required to he fur- nished the Company shall he addressed to it at its home office at 421 North Main Street, Santa Ana. California, or to the office which issued this policy. To. City Clerk From; City Attorney March 25, I %C-;= Subjecti Purchase of property from Annie S. Hughes The attached resolution, if adopted by :he City Council, will accept and authorize the recotg of the grant deed from Annie S. Hughes which convoys to the City the property`Tocated at 4,14 Marigold Avenue in Corona del Mar. The grant: deed is being hold in escrow pending completion of the property purchase. As this matter is being handled by the Assistant to the City Manager, following adoption of the resolu- tion a certified copy thereof should be furnished to his together with the certificate of acceptance and consent to recording,Of the deed. THStmec Atts. Tully H. Seymour City Attorney cc - City Manager (Attentiont Assistant to the City !tanager) r To. City Clerk From; City Attorney March 25, I %C-;= Subjecti Purchase of property from Annie S. Hughes The attached resolution, if adopted by :he City Council, will accept and authorize the recotg of the grant deed from Annie S. Hughes which convoys to the City the property`Tocated at 4,14 Marigold Avenue in Corona del Mar. The grant: deed is being hold in escrow pending completion of the property purchase. As this matter is being handled by the Assistant to the City Manager, following adoption of the resolu- tion a certified copy thereof should be furnished to his together with the certificate of acceptance and consent to recording,Of the deed. THStmec Atts. Tully H. Seymour City Attorney cc - City Manager (Attentiont Assistant to the City !tanager) 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 30 31 32 Annie S. WAO&O has O"cutead a j et deed grautba to the "ty of iiseepoag Smack the seal testy in thm City of har*ut Bach, County 40, Via. BFate of Cil ia, desewibod as folio"$ Lot 6 is SLaccJk 440 of G"O" Bel/lyWv aeA � a mp recorded in book 3, papa 41 and 42 of ul"011wase" baps records of die County, Cal I it is in dw intezeet of the City to. 4rc+eyt mth t died; , hT IT BXSGLVIO tbat said Brae►t deed :is bulby aaaept d Ow the CIO CI4vk is &Uthariaed and disaA"d to esecute aadattach tbasoto a certificate of •ceegtans* and commot to its weastdift -and to.wo*Wd said doommeat in R4 qty Bacorder's Office. ADOFM this . *h day of ,g.Y6; 19". ;m �7 Nz WHEN RECORDED, PLEASE MAIL THIS INSTRUMO TO City Of Newport Beach City Hall Newport Beach, Calif. Attention: Calvin E. Monson / Order No, Escrow Loan N 370 JOOri 78$9 PAGE 3-9 RECORDED AT REQUEST OF ORANGE COUNTY TITLE CO. IN OFFICIAL RECORDS OF ORANGE COUNTY, CALIF. 1 8:000 APR 4 1966 FREE 1• WYLIE CARLYLE, County Recorder 1. sa13l,ys PLACE INTERNAL REVENUES' j 6 GRANT DEED OR. CO. T. CO. }•u `] =UNITED STATES �tNTERNAL REVENUE=" NMI OEUMfNTARY = .EO APR 4'66 0 OO.MFTER- :aaaauAaa FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, ANNIE S. HUGHESp an unmarried woman , do hereby GRANT to CITY OF NEWPORT BEACHA a Municipal corporation the real property in the City of Newport Beachp County Of Orange State of California, described as: Lot 6 in Block 440 Of Corona del Mar, as shown on a Map recorded in book 3r pages 41 and 42 of Miscellaneous Maps, records of Orange Countyp California. Subject to 2nd installment taxes for fiscal year 1965 -1966. Also subject to covenants, conditionso reservationso restrictionso easements and rights of way of record. I I , j Dated:_ March 1, 1966 I STATE OF CALIFORNIA COUNTY OF v. ORANGE �/ On THr 4TH DAY OF MARCH, 1966 ,. before me, the undersigned, a Notary Public in and for said i State, personally appeared Annie S. Hughes known to me to be the person_ whose name a subscribed to the within Instrument and acknowledged that She executed the lame. WITNESS my he and official seal. i Signature. CARD, FR NCH Name (Typed or Printed) MAIL TAX STATEMENTS TO: RETURN ADDRESS ABOVE Annie .. Hughes OFFICIAL eeA4 CAROL FRENCH " NOTARY PuRLIC {:aLIfORNIA �., PRINr,IPAI 4FFICt, IN ORANGE COUNTY try Commixlon Expires My 11, 1967 (This area for oRiciel notarial. seal) FORM 1002 Zip Coda First Amer an Title Insurance & Tr t Company h q��� Yri•,6;`. -` CALIFORNIA • TELEPHONE TOW P: ME,,, ESCROW INSTRUCTIONS � 41111111111k h BUYER Order Number M053-11111rb Date To FIRST AMERICAN TITLE INSURANCE & TRUST COMPANY ESCROW SUMMARY PAID OUTSIDE ESCROW $ CASH HEREWITH ADDITIONAL CASH TO COME :ENCUMBRANCE OF RECORD ENCUMBRANCE OF RECORD PURCHASE MONEY ENCUMB. ' TOTAL CONSIDERATION $ I hereby agree to purchase the hereinafter described property for a total consideration of $ 29,50.00 and will on or before 1sr" "1 19" hand you said consideration which is payable as follows: $0000.00 to be deposited is escrow an or berms March l+j, 1986. I will deliver to you any additionarfunds and execute any instruments which are necessary to, comply with the terms hereof, all of which you may use when you hold for me a deed executed by A>1iIii S. M $, an »orsied sciesa and when you can issue your standard coverage form policy of title insurance with liability of $ gql5W.00 on the following described property situated in the City of County of ormw , State of ali orma, e Lot 6 in Moak 4W of del Or, u sbssvn as a llip reward" is book 39 poem 41 WA 4t or IflsCaUmsasa laps, reaorda or O V&V Cov*Wq Calitorbis. kaesra as 47,4 llarivu Avoid dosses Tai liar, Clliforais showing fitle vested in Q4aI (W FSVPW BVJ36 a l6lmdeipl►l sozgOratlon i free of encumbrances except: 1. General and special taxes for fiscal year 19 6g - 19 2. sAA"04"nds not delinquent ' 3. Covenants, conditions, restrictions, rights of wa gments and reservations of record,.if any. sorer agrees to pay tufts to arse or sees=. 3Wm 60" b"Vb7 7 ?1t19 Reyost No. U111 3 dated pom6or 1, 190. An a smsaraedva to tL escrow vKeh Uw swarm hoMor ohsil set be bald rSW#csI tm the ralfil2mat or the rollaei.n6 sonatioess Seller agrass to rest the property bask fr the bqw as a manth to moth tummy. I ESCROW INSTRUCTIONS —Page 2 Order Number 874053 -brb t 40 At the close of escrow you will prorate and /or adjust: I. Taxes based on the latest available tax figures to none. 2. Insurance (including FHA mortgage insurance, if any) to now . 3. Interest on all encumbrances, except on any improvement assessments or bonds, to aow . 4. Rental per statement handed you to 1l 5. "Charge the buyer and credit the Seller the amount of any funds held in an impound account, if any, in connection with an existing Loan." You are to hold for me shares of water stock of the Company. No I hereby agree to pay any charges including usual buyers escrow fee and any advances and expenses that are properly chargeable to me. At the close of escrow you are to mail all documents, etc., to the persons entitled thereto. GENERAL PROVISIONS All disbursements shall be made by your check. All funds received in this escrow shall be deposited in one or more of your general escrow accounts with any bank doing business in the State of California and may be transferred to any other general escrow account or accounts. The expression "close of escrow" means the date on which instruments referred to herein are filed for record. All adjustments are to be made on the basis of a 30 -day month. Recordation of any instruments delivered through this escrow, if necessary or proper in the issuance of a policy of title insurance called for, is hereby authorized. Execute on behalf of the parties hereto, form assignments of interest in any insurance policies (other than title insurance) called for herein and forward them upon close of escrow to the agent with the request, first, that insurer consent to such transfer or attach loss- payable clause or make such other additions or corrections as may have been specifically required herein, and second, that the agent thereafter forward such policies to the parties entitled to them. In all acts in this escrow relating to fire insurance, including adjustments, if any, you shall be fully protected in assuming that each such policy is in force and that the necessary premium therefor has been paid. Should you before or after close of escrow receive or become aware of any conflicting demands or claims with respect to this escrow or the rights of any of the parties hereto, or any money or property deposited herein or affected hereby, you shall have the right to discontinue any or all further acts on your part until such conflict is resolved to your satisfaction, and you shall have the further right to commence or defend any action or proceedings for the determination of such conflict. The parties hereto jointly and severally agree to pay all costs, damages, judgments and expenses, including reasonable at- torneys' fees, suffered or incurred by you in connection with, or arising out of this escrow, including, but without limiting the generality of the foregoing, a suit in interpleader brought by you. In the event you file a suit in interpleader, you shall ipso facto be fully released and discharged from all obligations imposed upon you in this escrow. Time is declared to be the essence of these instructions. If you are unable to comply within the time specified herein and such additional time as is required to make an examination of the official records, you will return all documents, money or property to the party entitled thereto upon satisfactory written demand and authorization. Any amendment of and /or supplement to any instructions must be in writing. The seller agrees to sell and the buyer agrees to buy the property herein described upon the terms hereof. Cif! 0 HHi&= BLUE Name rg. Address My 11�, l Phone 03,211 XWWV=t Ham, CaUt. Name ff. Attar ORIVJA E. 1auft SELLER I approve of the foregoing instructions and agree to sell and will deliver to you papers, instruments and /or funds required from me within the time limit specified herein, which you are authorized to deliver when you can issue your policy of title insurance as set forth above. I agree to pay any personal property taxes properly chargeable to me. You are instructed to use the money and record the instruments to comply with said instructions and to pay all encumbrances of record necessary to show title as herein provided. I agree to pay charges consisting of your usual sellers escrow fee, the policy of title insur- ance premium and recording fees which are properly chargeable to me and such other charges which are advanced for my account, including U.S. internal revenue stamps in the amount of $ which you are authorized to affix to the deed. At the close of this transaction you are authorized to pay commission in the amount of $ to: 03"' Broker's License No. Name Address Phone tal Name Amle s• On-wo. &I MP, CoUfllarnl % At the close of escrow you are to mail your check and any documents to which I am entitled to the above address. 11 CITY OF NEWPORT BEACH OFFICE OF THE CITY MANAGER February 10, 1966 0 TO: CITY COUNCIL �/ I FROM: City Manager SUBJECT: PURCHASE OF PROPERTY AT 414 MARIGOLD AVE., CORONA DEL MAR RECOMMENDATIONS: 1. By motion authorize the City Manager to purchase the property at 414 Marigold Ave., Corona del Mar for the appraisal price of $29,500. 2. By motion authorized the City Manager to enter into a one year lease with Mrs. Annie Hughes (present owner) for the house and rear portion of lot at 414 Marigold Ave. in Corona del Mar. DISCUSSION: The 1965 -66 budget contains $29,000 for the purchase of property at 414 Marigold Ave. on the east side between the City's library and fire station ($22,000 originally budgeted and $7,000 transferred in January budget adjustment). Purchase of this 30 foot lot will consolidate the existing City properties and make possible future expansion of the Corona del Mar library. Pending the possible expansion of the library the property can be utilized for additional parking. An appraisal was obtained from Joseph A. Mueller, M.A.I. He places the market valuation at $29,500, it is proposed that the property be purchased at the appraised price. The title policy and other charges would be paid by the seller with the City as buyer paying 507 of the escrow fee which amounts to $56.50. The rental valuation has been placed by Mr. Mueller at $105 per month for the entire property or $80 for the portion of the lot and house proposed to be leased back to Mrs. Hughes. The $80 rental figure excludes 70 feet of the lot which would then be available to the City for parking at such time as it is needed. It is proposed that the lease provide the following terms: 1. A fixed term of one year with month to month thereafter. 2. 30 day termination clause by either party. 3. Lessee cannot sublet without the permission of the City. 4. City pay possessery interest tax (estimated at $40 for one year). 5. City provide free water to lessee. 6. City maintain the exterior of the house. 7. City retain the westerly single garage for library storage purposes. 8. City move front portion of fence between library and lot to enclose a small front yard of the house. • ey L. Hu lburt CEM /HLH /bl AL At E R I C 9 4 � 3 First American Title `. �tsurance &Trust Conrpaay 421 NORTH MAIN STREET • 9 A ANA, CALIFORNIA 547 -7371 em a Allow In= +iii ✓� _' ... , 3a Also, .. ? list Clam '!r ` Your NO. Our Order No. I. The following Is report of the title to the land descnbkAn your application for a Policy of Title Insuronce and is made without liability`and without obligetjpn to issue such policy In addition to any exceptions shown herein, and not cleared g, �R the policy, if issued, will contain conditions and stipulations and also exceptions from its coverage as,;inay be embodied by the particular form of policy issued r* I Dated as of 396s at 7:30 a.m. so 36 Downie VESTEE: A• ;ansrriet warns. 17 Ma 11• Lar. "Oel l 79. 1911. a !At 3. asalata►1 # alasial tsawo is: tea ltaaeat Yaaor 296163966} rai'' tsM Area T-0103.9 A. IN fa. 53 ' 'w U41111m or Ville, Vii. � ;w" salt lto o"s shwa � upw sons 114 � raw p�MOS• of/s, Iftese. 4111uIlluft ratlwiol[ w at%.Nbr !!1M d :aril tnumpe s aat aw tai saff isles ti us 2seft or "W 1srlols 009W 60 to 11W Not er ow bwda isaartlat um :s seem is 1V so !"bw f9a4 to qa 6" MOMS" Swallow 39s 1911 in foot "hs PW 369 at D"dv* 30 4oasaaatts, asi -M tartr+oMnet srawrt�t.eiat to 1+ra! M Im to Malt %so or BMW ftgo POVIM th" a TIOU"M unrest stall not Ml+sat sr, *now 3ololtt its 211 st so r iroamssoa or And or bast mole Is am& t&M am i w .lei... AU 094 awWs 3aed a38MRai Its Ow alste or C"aliirraiy asuft or f=uses, ester at swpwt a .q, asswU as as faLloves Lot 6 is wAst 110 or Harems ssi xwo se sLaw on a no tnaairad to last 30 Daoaa 11 lead 1E se 1l.tassnomws movas asosar3s or *raw* osany* wiibstiia. � - ."�"•;_-[I 112 -13 xx "• b N V Q Cn O I Q N s• es• Y a a * • � � N P • b � A 10 Form 1106 6 R I i O >♦ O � N 2 ~ N 2 C 2 n 0 N caj ^1b b N n � 2s� A i Caasr r T T T T � • O Rohr r 6A a m ' oma — g; SECQVD t sa riv PL. t AVENUE O 2 a' 24 n e � ^I r C 1 First American Title Insurance & Trust Con any This Map Is a Cepy of the Map Prepared by the County Assessor of the County of Orange and Is Net to be Construed 45 8 PM IT This Title Evidence. O A b N N WWC "Met z (12) f 0 ' • Y A 0* Oi ,:...ar. .IF" a Cljwm. OF fir i zY • Y .3 ', A GRAIr i D 4" 5;: WIC, ¢lti veil invite€! Bide fogy the p"rehaso g j+ of ?togsrty by 'ReseWt 496:!; anti `W:KB S, Marvin Lec was the higt, bidder and purchwieer of g ? as. Parcel B in said. vesolat:iOns' ; and ' KRW, tYte descripti u of `fir .e.;. 8 container: in said 10 Te4c�lutIcn and in Ree#oJut ti, ;:s{ }7'': authi.M. ag tt�2 c+AeCiLti�[T _i Of .a :iesii ha& b4se>pk ;_sMVLoad to r wo as fox .lam: e14. Lot ' 1. ^. blocs, 51 of River Section, in the City of rtecaporc s',rK:c: ? €, Minty of orafts, atate c of Californip, as per m.p thereel: res '_% book 4 page 25 of ;wtste:t?.aueous RSSpa, is tb ai r=ice of cent- recorder of said county. SJ . 6 1; 2n :i 21 22 23 24 25 2,5 27 28 ii +s ?9 :50 1 and 31 I: shuthvseorzter .y 119.00 feet of said Zvi S. Parcel is gnat certain parcel of land`s:ituatC4 in tstwt ion 29, Township b ^.youth, &ante 10 i"t, of the San Bernardirc merldiaa, in t``te nit�e�rr of - �!�o3rt. 73eaa:z, ^aunty, of Grange, state 3 r" Califcrtrcia, accord - :n ;n az official Piet of said land '.tle in the District Land Offices Augast 4, 183L« iescribsd.::ss faleows: Beginning at the :.noat -asteriy corror of-Lot 3, in block 51 of river Section, as p�++ar mapp..t1ierep_€ recorded is book 4 pare 25.oi Car INADa, in the office of this county recorder of said county; thence westerly along tae northeasterly line of said. lot 8 to ehji mat Wrtherly cornet tltereof;i thsmx e northeasterly aloe�,, the northeasterly P"Ibv atim of the nort4westerly l ins of said lot :8. to its intersection with the lies of clr4ina3t7 high ride of the Faeific Ocean in 4awport He;y d"ttmted as "Scirni i Un" in final decree entered August 2e, 1928; in 5u�er1or Court action 23856, a carti.f %.12u copy thereof toeing recorded September 19, 1928, in ti3c cV� 201 page 253 of ^f €icLal Kecords of ssid bra a County; thence southeasterly along said 'Isou'ti LINE , to its inter- section with the northeasterly pprelongatio>z of the southeasterly line of said lot 8; hence southmsast- arty along said northeasterly prolongation of said southeasterly line to the point of beginninyg WRER"86 the City Counc-il wishes to convey the property purchased by Marvin Los to him iv.. accorclauce with the term of the purchase; U . m4 26 17 LJ 20 22 22 23 24 25 2? 29 City Clerk z. NOW, TWOMOR-L tile yor and City i 3Z IT that Ma, erk be and jj* hw#by auttwojjzzA�, au"4 d:Xected to axecut* 3 d"d ou behalf of the city of Newpovt `' aach grautiM the 4: above 4ftWibed r"I pvqp" to the purchaser or VOCS.M. 'ies 14-nate'd . 5 by him in Writing, a LT RUMVED t-w-I said Resoiucio a No. 4974 tba prior d"i;L71PtLCKI anti authozi the OxAcution of bi rescinded. 9. This resolut.ion was adopter b-.,, the City fo-ra-HI. of the LiLy Of meWport 344C-ki at 4 *SgUlar Q&4LI11j; ur, the 24th day of AUSUS t j, 1959, y 6,m followir,& to wi-t yJ AYES ("T i3 . m4 26 17 LJ 20 22 22 23 24 25 2? 29 City Clerk z. 1 ! 4 C_'° ' A.TTt NEY TO: Director o d 17inance FR%I: City Attorney h September 14, 1959 S"' !O CT: Sale of property under do. 4962 The ppolicy of title _nsuranca o.l .arc�:l � 'ezc:ribed a Reso =ution No. k9b2 Kas been received from Title Insarans:e and Trust 'Ca.-VallY and forwarded to the purchasers. It could appear to be ir, ;rder to pay the commission to the broker in this transaction, since the sale of Parcel E, € riow complete-d- L.:d Y'7 li 1 T,:J'• L. \,il_4�Vn'u, wl.bil AVbert The hi;h sea ?.ed �� ;;i::; .; ,3,.0 Dy< .. _r_:.c .� Brose being shown as the broker. The sale was made to Marvin Lee and V` cla "AlteIl ..cc ,Ur yL- "275J. �r"'K.�re v?:213 islGb:er :,�re- senting Mr. and Airs. Lee and, therefore, the only commissbai payable on t ?is -ale raver the telu s c.i t is r- -,SC' UtiOn i : �i82.5L to Robert Brose, representing 271 of the high sealed b;.ci on this -cl. It Ls _ gvested t lu t •'.• :v .. r. 'rose, ald that an appropriation be obtained from the City Council therefor, if necessar !-`.r. Bro:se's address is c/o "c `. rf Realty, "9120 West Balboa Boulevard, Newport Beach. Forwarded is a statement from Title Insurance and Trust GIO=Vany irc t`1:' amou :lt o` Y111.00 i "or 1-he po '.cy = : title insur::_.c , tax title insurance, revenue stamps and recording fees ou Parcel B. The bill. has been approvers and should be ;laid. Wultcr 17. Gaaramza a:-iC : ra C Encs. cc - City Manager " CITY ATTORNEY July 21, To! Director Q Vinmc:� From City Attorney Subject: Salz 0 ponpoa :liter 7esolution No. 4962 The policy M UtIC MOVY,00L an Parcel A described in Resolution No. 4962 has been rVWIL% the Title insurance and Trust Corpany and forwardej to tha qvyTmer. Vnce tKa completm the axle of Parcel ", it vyonam to be in orCer to pay the commission to tae 1rokur = rrovided by the resolution. On Parcel A, the hieh ao.-joi bid wu3 :01�7,00 9 7 Faurice D. Turban., with Robert Pro= of To!-,:i 1,, =4nrf nealty, MO v9st Balboa Boulevard, lac yspt EanwO, bainG 3 vR1 ti-ic. hookar. The sale irl-z made to Dr. ToPlow fno 0,550. it, tmrefi.re, a.ppearn thiat 11r. EroSe = entltlan �; he ontlys y, !no nn, anaunt%L to $377.50. It Q requezted that this commission bo valil "Im. Prose and,, if necessary, your offics obv"in an Cr•u the CIQ Council therefor. The Me of Parcel B under Resolutim No, 4962 has not yet been completed. We will advice you wham 1wcar7)lished. WWC! Mee cc - City Manager City Clark- ';"Ulteo 1% f71h1—miTr_a City Attosm.y -. I - a M - July 2:1, 1955 Dr. �1aurioe D. lurwow 1502 E. Florence Avenue Los Angeles 1, California Dear Sir: Enclosc-d is p-, icy of t._c i.n.:ur4ne No. 2730230 dated July 16, -sued uy Tltle Insurance and Trust Co,.y*�any, with a guarantee of $7,550.00. This policy ail -Ms title vested In you or the real property Parcel A ,; Re6olution No. 4062. The deed haz not yet been ret *tar.icd a rom the Recorder's office, but will L-e sent to you when it 13 _returned. fiery traa,j yours, WWC:Mee Ci.ti, �-tcrney m Rnc. ec - City 'aaa z�r City Cher,= - Director or Fl -ance r W. CITY OF NE.TORT BEACH CITY ATTORNEY DEPE RT4ENT To: City Clerk From: City Attorney VtV .IV ED i liE CITY uF Date June 10, 1959 Subject: Grant deeds, Parcels A and B described in Resolution No. 4962, consisting of Lot 8, Block 51, River Section Forwarded are the original and one copy each of deeds to convey Lot 8 to Marvin Lee and Viola Auten %ee, purchasers of Parcel B, and Maurice D. Turbow, purchaser of Parcel A, described in Reso- lution No. 4962. It is requested that the deeds be executed and returned to this office, together with a certif.ed_ copy of resolutions Nos. 491,4 and ?±9 40. authorizing the execution of these deeds, for forwarding to the title company for recording. It is also requested that a certified copy of Resolution No. 4962 be furnished for transmittal to the title company. [Walter W. Charamza WWC:mec City Attorney Encs. CITY OF NE!,.R'ORT BEACH CITY- ;A -TTORNEY DEPERT, iiNT To: City Clerk From:q City Attorney Subject: Resolutions Nos. 4990 and 4991 May 12, 1959 Forwarded are the following resolutions adopted by the City Council on May 11, 1959: 1. Resolution No. 4990 authorizing the execution of a grant deed to Maurice D. Turbow or his designee. 2. Resolution No. 4991 rescinding Resolution No. 4966 adopted April 13, 1959, being its resolution of intention to amend Sections 9103.34 and 9107. 28 of the Newport Beach Municipal Code, I Al- T U Walter W. Charamza WWC:mec City Attorney Encs. AFFIDAVIT OF PUBLICATION Newport Harbor ENSIGN STATE OF CALIFORNIA County of Orange Z 14 I, ......... ��RVO * _AAPA ...................... being first ....................................... duly sworn, and on oath depose and say that I am the printer and publisher of the Newport Harbor Ensign, a weekly newspaper printed and published in the City of Newport Beach, County of Orange, State of California, and that the.._ -- !T.0.t_.i_0_e ..... of ----- S.a.1.8.-, _........Parcel A and B ........................................................................... .......................................................... ............................. of which copy attached hereto is a true and complete copy, was printed and published in the regular issue(s) of said newspaper, and not in a supplement, ..... ........ consecu- tive times: to-wit the issue(s) of April 9, 16, 23, 1959 ( Signed)..'.:... .. . ...... . .... .. a ................................... Subscribed and sworn to before me this_2:4qh .... day; of ........ .......April ................... April .................................. 19:...59.. .......................... . ....... . . ...................................... Notary Pubhe in and for the County of Orange, State of California. NOTICE OF :SALE Notice is hereby given that the City of Newport Beach offers for sale, in ap rdance with Resolu. tion.No. 4962 adopted by the City �CBuncil -df- -the City, of Newport Beach on April 6, 1959, the fol -, lowing described property: PARCEL A The southwesterly 119 feet of Lot 8 in Block 51 of River Section, in the City of New- . port Beach, County of Or- ange, State of California, as per map thereof recorded in Book 4, .Page 25; of Miscel- _laneous Maps in the office of the County Recorder of said County. Excepting therefrom the southwesterly 15 feet. PARCEL B Lot 8 in Block 51 of River - Section, ,in the City of New- port Beach, County of Or- ange, State of California, as per map thereof recorded in Book 4, Page 25, of Miscel- laneous Maps in the office of the County Recorder of said County. Excepting the southwesterly 119 feet of said Lot 8. Excepting also that 'Portion lying: northwesterly of the northerly line of Lot 2, See - tion,29, T. 6 S„ R. 10 W., San BernUdino meridian. Inci'iiding that certain parcel of land situated in Section 29, T. 6 S„ R. 10 W., San Ber- nardino meridian. City of Newport Beach, County of Orange, State of - California, described as follows: Beginning . at the point of intersection of the south. easterly line of Lot 8, in Block 51, said River Sec- tion, and that certain course of the northerly line of Lot 2, Section 29, T. 6 S.. R. 10 W., San Bernardino m e r i d i a n, which course bears ':South 630 43' East; thence westerly along the north- erly line of said Lot. 2, Section 29. to its inter- section with the north- westerly line of said Lot 8, said Block 51; thence northeasterly along said northwesterly line of said Lot 8, and its north- easterly prolongation to its intersection with the line of ordinary high tide of the Pacific Ocean in Newport Bay desig- nated as "SOUTH LINE ", in final decree entered August 22, 1928 in Su- perlor * Court action 23- 686, a certified copy thereof being recorded September 19, 1928 in Book 201, Page 253,. Offi- cial Records; thence southeasterly along said tide line to its intersec- tion with the northeast- erly prolongation of the southeasterly line of '.said Lot 8; thence south- westerly in a straight line to the point of be- ginning. Notice is further given that sealed bids must be submitted to the City Clerk by 7:30 P.M. on April 27, 1959, and will be pub- licly opened at a City, Council Meeting in the City .Council Chambers at 7:30 P.M. on April 27, 1959. Additional information may -tie obtained from the City Clerk'i -Office, including infor- mat' i;to procedure for sub- mitt ral bids at the time of the s am -.: Margery Schmuder ' City Clerk City of Newport Beach, California `Publish: April 9, 16, 23; 1959, in ths1qewport Harbor Ensign. _ i Date: J' J /-J`,� a CITY OF NEWPORT BEACH Receipt No. If Received of y the sum 4 -�1 . of ��l J� as deposit to establish eligibility to make bids on land for gale by City of Newport Beach. epos or For city or ewpori Mead -- This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby Acknowledged. Date: Depositor TOWN SURF REALTY 1920 W. BALBOA BLVD., NEWPORT BEACH, CALIF. 0 HARBOR 4072 Newport Beach, Calif. May ll, 1959 Honorable Mayor Stoddard and City Council Newport Beach, Calif. Gentlemen: I. Hobert V. Brose Realtor, as agent for client Dr. M.D.Turbow, raise our previous bid of6,300.00 and submit the following bid for the purchase of ,o Parcel A. Lot S. Block 51, River Section, Newport ,a Beach, Calif;;;as per resolution no. 4962. Jr�, We bid the sum of 47,250.00 and enclose herewith Calif. Bank cashiers checks totaling $725.00. RVB /jb i "THE; Vi Respectfully Robe V. Brose, Realtor *R 0 a - -.-- -- - -- --w - - -- - - - POD pvur $No may 1954 REGIS D PO - --------------- Vill S --- R --- V— Spr- ddy fee $ -------- - - Fm i ------- 5r-A-- Rey receipt fft$L-/h Sumintge ------------- Rest deVy fee $----- - - - - -- PaWe Ai mail Pos .eta POD pvur $No may 1954 0 CITY OF NEWPORT BEACH CALIFORNIA REGISTERED RETURN RECEIPT REQUESTED May 14, 1959 Mr. Roy G. Christensen, Jr. 2107 -A - 48th Los Alamos, New Mexico Dear vx . Christensen: As you know, the Co.xncil of the City of Newport Reach conducted an auction of Parcel A, Lot. 8, Block 51, River Section, at its Council sleeting held May 11, 1959. Your sealed bid, offering $7250 for said lot was pre- sented and Mr, S. A. Ahlman bid on your behaif ap to the sun of $7500. The property was cold to another bidder for the slue of $7550. We are therefore, returning your Cashier's Check, numbered 370406, d ?racm on the Balboa Branch of the Bank of America payable to the City of Newport Beach, 4.n the amount Vr $'5t?, being a deposit for the presentment of your sealed bid.. It is asked that you acknowled3e receivt of this check by signing the enclosed copy of f-his wetter at the space provided. We understand that you mach a special trip to Newport Beach to bid on this property and although we are happy that we received a higher bi.d, your interest in the matter is greatly appreciated. Yours very truly, Margery Schrouder City Clerk City of Newport Beach MS: em Enc. Z. ) DAVE: Gjq POST INSTRUCTIONS: Fill in items below and Com- plete #I on other side, . when applicable. hfoislen gummed ends and attach to back of article. Print on front of article RETURN RECEIPT REQUESTED. REGISTERED NO. NAME OF SENDER i) TT FOR PRIVATE USE TO RVO10 1EMSNS OF POSTAGE, 5300 POSTMARK Of ., RETURN TO ;e Y .5 C h ✓t V" 0 efq- C.; Tr h CERTIFIED N07' STREET AND NO. OR P. O. BOX L'; E3 NO. ICITY, ZONE AND STATE O a REGISTERED RETURN REC$rpT BESTED May 14, 1959 Mr. Roy G. Christensen, Jr. 2109•A - 48th Los Alamos, ,1•1c_ +w 24exico Dear Mr. Christensen; As you know, the �cil of the City of Newport Beach conducted an auction of Parcel A, Lot 81 Block 51, River Section at its COUncil meeting held May 11, 1959. Your sealed b1d, offering 17250 for said lot was pre- sented and Mr. S, A. Ahlnan bid on your behalf up to the sum of $7500. The pproperty was sold to another bidder for the sum of 07550. We are& therefore, returning your Cashier's Check, numbered 370406, drawn on the Balboa Branch of the Bank of America payable to the City of Newport Beach, in the amount of 5750 being a deposit for the presentment of your sealed bid. It is asked that you acknowledge receipt of this check by signing the enclosed copy of this letter at the space provided. We understand that you made a special trip to Newport Beach to bid on this ppir��oophheeeerty and although we in are thepmatteerrtiss greatly appreciate bid' y interest Yours very truly, Margery Schrouder City Clerk City of Newport Beach MS :em Enc. Date: 4' , // - 0 CITY OF NEWPORT BEACH Receipt No._ 7` Received ofey_ .°d. �% �'� v the suns of J 4 as deposit to establish eligibility to make bids on land for sale by City of Newport Beach. Depositor or city or ewport eaa '" This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged. Date: epos or May 11, 1959 City of Newport Beach Newport Beach California Gentlemen: Re: Parcel A Lot 8 Block 51 River he southwesterly 11 feet of Lot 8 in Block 51 of River Section, City of Newport Beach) We wish to bid the sum of $7250.00 on the above named lot and a cashier's check in the amount of $750,00 is attached hereto. Sincerely, Roy G. Christensen, Jr. Title is to be taken as follows: Roy G. Christensen, Jr, and Kilda Christensen, husband and wife as point tenants Date: J jj �9 CITY OF NEWPORT BEACH Receipt No. Received of /i?4-r V )n a xzL, the sum o£ /�' o o as deposit to establish eligibility to make bids on land for sale by City of Newport Beach. Depositor VaF My o Newport eac- This receipt crust be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acicnowledged. Date: "�` T Depositor i JJ ''� --�� � U/j //ll'' ✓ 2 fT�_ . J S� llt TOWN & SURF REALTY 1920 W. BALBOA BLVD., NEWPORT BEACH, CALIF. HAR- BeR­4&?2 ORiole 3 -8920 NeiTport Beach, Calif.. April 27, 1959 Honorable Idayor Stoddard and City Council Newport Beach, Calif. Gentlemen:. I, Hobert V. Brose Realtor, as went for my client T ;I.D.Turbow, submit the following bids for the purchase of Parcel A and Parcel B, Lot 8, Block 51, River Section, Newport Beach, Calif; as per resolution no. 4962. For Parcel A, the sum of $6,300.00 and enclose here- with Calif. Bank cashiers check no.1774963 in the amount of 44630.00. For Parcel B, the sum of ;47,300.00 and enclose here- with Calif. Bank cashiers check no. 1774962 in the amount of $730.00. RVB /jb 1 4 Respectfully C Robort V,, Brose, Realtor "THE VOLUME OUTDOOR ADVERTISER" / W 2 F1j O n F'• ;h CO n N• C1' U O H m 0 K cr w m C) ct n N (D G� tj Ft n G 0 z CD F1 Z N o O A > D m 00 ? D D0 O T �- O �+ " D Z A D o 10 Mrs. W. Hatok 1857 Newport Boulevard Costa Mesa, California Dear Mrs. Hatok: i April 15, 1959 You have requested information regarding any proposed sale of property owned by the C-.tq of Newport Beach. I an attaching a copy of Resolution 4962 which is self explanatory and which was adopted by the City Council of Newport Beach. Very truly yours, Margery Schrouder City Clark City of Newport Beach MS:gg Attach. 0 Mr. Herb Kalmbach 3355 Via Lido Newport Beach, California Dear Mr. Kalmbach: April 15, 1959 You have requested information regarding any proposed sale of property owned by the City of Newport Beach. I am attaching a copy of Resolution 4962 which is self explanatory and which was adopted by the City Council of Newport Beach. MS:gg Attach. Very truly yours, Margery Schrouder City Clerk City of Newport Beach April 15, 1959 Mr. Wayland T Leonard 548 South Spring Los Angeles 13, Califom is Dear Mr. Leonard: You have requested information regarding any proposed sale of property owned by the City of Newport Beach. I am attaching a copy of Resolution 4962 which is self explanatory and which was adopted by the City Council of Newport Beach. MS :gg Attach. Very truly yours, Margery Schrouder City Clerk City of Newport Beach 0 Mr. Charles C. Martin 312 Marine Avenue Balboa Island, California Dear Mr. Martin: April 15, 1959 You have requested information regarding any proposed sale of property owned by the City of Newport Beach. I am attaching a copy of Resolution 4962 which is Self explanatory and which was adopted by the City Council of Newport Beach. Very truly yours, Margery Sehrouder City Clerk City of Newport Beach MS;gg Attach. i ! CITY OF NEWPORT BEACH CALIFORNIA NOTICE OF SALE Notice is hereby given that the City of Newport Beach offers for sale, in accordance with Resolution No. 4962 adopted by the City Council of the City of Newport Beach on April 6, 1959, the following described property: Notice is further given that sealed bids must be submitted to the City Clerk by 7:30 P.M. on April 27, 1959, and will be publicly opened at a City Council Meeting in the City Council Chambers at 7:30 P.M. on April 27, 1959. Additional information may be obtained from the City Clerk's Office, including information as to procedure for submitting oral bids at the time of the sale. Margery Schrouder City Clerk City of Newport Beach, California CIS T ATTOWr March 1T, 1959 To: Director of gInAnae From: City Attorney Subject: Brill fvom orange Countyy ` 'j* 'le CoMany, Sale of Lots 9 and 11, Block u40, Corona Del Mar Forwarded 1s a Statement showing the anount of 6108 payable to orange Cooney _lle Corany, This =aunt is the premium for the policy of title insurance ftu— niched by the City in the sale of Lots 9 aid 11, Bloelt 440, Corona Del r :r. The statement has been approved and should be paid. If any appropriation is requlred i t the payment, it is re- quested that it be obtained from the City Council, The policies : f tide Insurance hi vc been received and for- warded to Colonel cndreo ;:iith end C. W. Travers, the purchasers or the property. Walt ter W. Charii=a iz ^:C:meo City Attorney Enos, cc - City Manager City iil� It l,T Y ATTORT ".I. 1•o: Director ol, From: City Attorne,, Subject: Sale Df property under "ieaolution No. 4885. The policies of iiil:r n> «.:ranee :;n a' . three parcels described in Resolutior, No. 4885 h::vL been received from the Title Insurance and Trust Company and have been forwarded to the purchasers. ,Since the sales have been completes, 1i would appec,r to be in order to pay the commissions to the brokers in acc.ardance with the nrovisions of the resolution. In t.iiis regard, it wppeure that the following; 001-xiisslona uhou1..< be pain: Parcel A was sold to r411liam D. Ross, et al, for $7,100.00. Stock - dill, of :_.;67 L. Coai.sl:.'iighway, Corona Del ?.tar, was shown on the high sealed bid of $70100.00 ws the broker. It, therefore, appears that he is entitled to the entire 5% corimisaion, amounting to $355.0)0. Parcel B was sold to Mary Irma Traev under a sealed bid of $7,051,00. Na broker Was shown an the sealed bid afly, Lherefore, no cormaission is payable. On Parcel C, the high sealed bid was f�,500.00 by David Hyatt, with Pugh tiubbaru b<Ang shown as the broker. The sale was made t:% Butler, et al, for $8,500,00, with Hobert Brose shown as the broker. II ^der the terms of the resolution, the 50% commission, amounting to $4:'5,00, should be split L�rtween Hubbard, the broker submitting the high sealed bid, and Brose, the bf•ofer who obtained the actual buyer. t?u�bard should receive }162.50, which is 2j" of the high sealed bid, and Brose should receive the remainder of 5; of the sales price, or $262.50. It is requested that the commissions be paid and, if necessary, your office obtain an appropriation from the City Council. WVIC : me e cc - City `tanager City Clerk._. 4alter V. Chararza City Attorney r %a�• , l�, a959 Mr. Robert V. Prose Town. � Surf pealty 1920 West Balboa. Boulevard Newport Peach, Ca.ifornla Dear Sir: Enclosed is a. r l4cy cf title insurance No. 267052, dated YArch 6, 1959, with a guarantee of $8,500.00, in favor of Minot :E. cutler, ":nnn "�. Butler, ana Florence C. Corlett. This policy guarantees title to the land soled, t- the City 11-rd ^r the. pr- �v!s7ons of Resolution No. 4885. The purchasers authorised the title nalloy to be to y,-P?. The Director finance .4s `,oen requested to pay the commission in accordance with the resolution. The deed has not yet been returned from the Recorder's Office. It will `e °pr%lartjC� 1. ,ii' `41e1'. IYE' receive it. We appreciate your efforts in obtaining a buyer for this parcel of property and <ill keep ;; .0 ad- ris;�d of future sales. Very truly yours, Walter W. Charamza WWC :mec City Pttorney Eno. 00 - City Manager City* Clerk Director of Finance March 12, 1959 Mr, Willi�_:r; D. ;­vas 630 West 6t1i Street Los Angeles i , California Dear Mr. Rosa: Enclosed is a policy of title :insurance No. 26`051, dated March 6, 1959, with a guarantee of $7,100.00, shovring t tle vested In you, Ilr. Kaufman n and Mr. Beaumont. This policy covers the land sold to you under t;­(; }Zrovialons of R .zo ution No. 4'885. In figu -J.ng ti?e cl�,sing e >a s, we eatinated the cu:it of recording at $3.60. The actual cost of recording was $4.4o. Tiro additional ura3us ?t of &3j should be forwarded to the City in accordance with the resolu- tion and your letter authorizing the closing of the sale. Please send that amount to m4' attention and I will forwErd it to the Iirector of Finance. The deed has not yet been r (:turned rpor,; the Recorder's offices but will be sent to you when it is returned. Very truly yours, Walter W. Charamza WWC:mec Oity Attorney Eno. as - City Manager City Clerk-- Director of Finance :. ! • Mrs. Mary Irma Tracy 306 Navilla Place Covina, California Dear Mrs. Tracy: Lnolosed is a policy of ti 267053, dated March 6, 195 of $7,051.00, showing titl described in Revolution No YOU as owner. This policy Title Insurance and Trust request to guarantee title under Resolution No. 4885. E i iui'eh l<.- 1959 tle insurance No. 9, with a guarantee e to Parcel B as 4895 vested in was supplied by Company at the City's to the land sold to you In estimating the costs of closing the sale, we figured recording coats at $3.60. The actual re- cording cost was $4.40, leaving a balance of &0e which, under the provisions of the resolution and your letter to me authorizing the completion of the sale, should be paid by you. Please forward that amount to the City of Mewport Beach to my attention and I will forward it to the Finance Office. The deed has not been retiirned from the Recorder's office. It will be forwarded to you when we re- ceive it. Very truly yours, Walter W. Charamza 6TdC:mee City Attorney Eno. ac - City Manager City Clerk- Director of Finance CITY CLEM March 5, 1959 City Attorney Walter W. Charamza City Clark Margery Schrouder Corona del Mar Library lots Attached please find two certified copies of Resolution No. 4910, together with the subject Deeds. EM Att. Margery ro er x n WWI 2/ { }' Y ... 3 1 A;; CCKSIDERATION, receipt of which is he:°+eby 41 ac d, the C2' hIpORT PJEACHs dipal aoryOrat on b ized s uefaietr the Constitution and lags of the St#1p(e of Califor -" fi. n t�..her*ty ,A=M W. SMITH and FLORENCE A,. SM11TH, 711 ` ;knd wife., as tti `" � plsnts, the follawif,. described real. 8 Px i9as .state of California, C(A# * Oi Orange, Cif t: of 9.. Nettport ' IO ^1 Lot 11 "ol'Block 440, Corona del t+lar, as shown 11 upon a m. T) reworded in book 3, D we 41 a" 42, of Miscellaneous ii A4apa, Records of (d .County, I� Ce�,it�niax 12 1'} ExsMted on 1959. . X14- CITY OF NEWPORT BEACH, a municipal co ration 15 16 By mayor lq S 18 MW Clerk 19 STAITE CP EALIgORNIA ) 1'fis .20 Cater CW MUM 2.1 Ski,_ 3 y 1959, before me, the undersigptt :. . 22 E,UOU3yf public In and for said County and State, personally ap- 23 peared JAMS I B and 14AIRGERY SCHROUDERt, known to me to be 24 the.: Myor and City " Clerk, respectively, of the CITY OF NWPORT 2.5 RUCY AM to be the petrsons .w'hose .names are subscribed to the 26 Within' Imtrume nty. Wid a.0kMawledged that they executed the same on 27 behalf of the City of X"port Beach. .28... MITMM nV hand and official seal. 29 30 MW FM d 31 County w d State 32 . x n j WWC! 2J25 J9 a it l MAV.DErD 2 3 FOR A yAMJK -E Z CMSIDERATION, receipt of which 3s hereby ii 4'i °¢fledged, the CI`T'Y OF NEWPORT WACH, a minieipal corporation 5I; orEanj"d under. the Constitutl4d and laws of the State of C 1ifor- 61 n1a, hereby grant's to ANDM W. SMITH and FLOMWCE A. SMITE, 71 husband and wife, as JoInt tenants, the following described real 811 DroPft4v in the S at c California, County of Orange, City of I 9 � Nex^��rt Beach: I 10 j Uf7kt 11 of B' -10Ck 44C1, Corona del Mar, as anown I 'i "'i a nap recorded 4n book 3, _ages 41 and 42, - llii of N sc- 1laneous Maps, Records of Orange County, California, 12 r? 1,3 II Executed on 1959. w...�1 r %14 CITY iF NEWPORT BEACH, a municipal co ration 15 n �1- By jZ 16 yor `A ^ 18 T city ClerTc"'" 19 STATE OF CALIPGRNIA ) s sg - 20 COUREY OF ORMCF, } 21 On 3 Y 1959, before me, the undersign 221 a notary public in and for said County and State, personally ap- i 23 peared JAMES B. STODDARD and MARGERY SCHRO[TDER, known. to roe to be 24 the Mayor and City Clerk, respectively, of the CITY OF NEWPORT 25 BEACH and to be the persons whose names are subscribed to the 26 within Instrument, and acknowledged that they executed the same on 271, behalf of the City of Newport Beach. 28 WITNESS my hand and official seal. 29 30 o c M gn r5F g County and State 31I �. 32I II a "I 6 T!I 8 9' 10 11 1 i 12 1 13 II 14 15 16 17 In 19 20 FOR A VALUABLE CONb- ME@ATION receipt of WhUh is hereby acknonledged, the CITY EP NEwp(MT BEACH, a municipsl corporation o:rgar,ized under the Coastittutioq,: aqd laws of the State of Califor- nia, hereby grants tr, dOLLnf W. Tom, ' RS and MnMED S. TRAVERSy .husband and wife, as ,point giants, the following described real property in tt,o State of California, County of Orange, City of Newport Beach: Lot 9 of Block 440; Corona del tsar, as shown up?n a nap recorded in book 3, paos 41 and 42, Of Miscellaneous Maps, Records of Orange County, Ciifornia. Executed on s 1959, CITY OF NEWPC RT BEACH, a municipal STATE OP CALIFORNIA ) : as COUNTY OF ORANo 21� On _Nti) l 3 , 1959, before me, the undersigned, 22 a notary public in and for said County and State, personally ap- 23 peared JAMES B. STODDARD and MARGERY SCHROUDf3R9 Imooen te' me to be 24 the Mayor and City Clerk, respectively, of the CITY OF NEWPORT 25 26 27 I 281 29 30 31 321 BEACH and to be the persons whose names are subscribed to the within instrument, and acknowledged that they executed the same on behalf of the City of Newport Beach. WITNESS my hand and official seal. n ary ,511c In and or iMIZI County and state i CITY OF NEMRT BEACH w. i �LCi,K CITY ATTORNEY C1 OF NEWYORTB "Co DEPARTMENT Date March 2, 1959 To: City Clerk From: City Attorney Subject: Grant deeds, Lots 9 and 11, Block 440, Corona del Mar Forwarded are the original and a copy of grant deeds conveying Lot 9 to Collin W. Travers and Mildred S. Travers and Lot 11 to Andrew W. Smith and Florence A. Smith. Purchasers have requested that the lots be conveyed separately. It is re- quested that the deeds be executed and returned for forwarding to the Orange County Title Company for recording. It is also requested that you send us two certified copies of resolution No. 4910 which authorized the execution of a grant deed conveying the property. Walter W. Charamza WWC:mec City Attorney Encs. 0 Mr- Val1W W, Charamea City Att*Tay, city or Newport Beach City Hall t Soulevard MOMPGVt loch$ California briny 25, 1959 WQ are the purchasers of Lots 9 Md 1.1 Block 440, in Corona de-1 Mar, and a:rj writij%, this letter t- ' authorize you to complete the trfinu"otion, We male paid the entire purchase price of 15*525 to the pity of Newport Beach and have also forwarded 21.20 in edditift to the purchase price. This amsant is to coeW the estimated seat of $3.60 for recording and Ali 1 for interesel revenue L_A,: vs. Since we ere r - IIuosting that epip�rato deeds bo.made, we agree to M $3.6 a:; - additional record n6 chance aVA an addition,' $5.00 for ttt? a casts in addition to those the My would have paid if boti, lute had been conveyed in One deed.. We are forwax4ing that ancunt with this letter. If the" are any addition . coats f or a- cording, stamps or the addi- tlpn" title policy made necessary -,y the separate cc nvoyanceao we asree to P�iy them. We have reviewe(i the doe" showlnL Si oula'as conveyed to Collin W. Travels and Mildred S. 'iravers, h1;s%:�nd and wife, as ,joint tenants, and Lot :il being conveyed ; .f t:ndrenw V. Smith and Florence A, Smith, hueband and wile, a8 jolYat tetxants, and approve bvth deeds. You arc authorized to forward them to the 01VAP County; Title Cos arty► for recording when that oompsxV will issue standard owner's policies of title insurance viaowlaz title to the prcnerty rested as indicated in wic deeds. it is agreeable that t:ae policies be issued subject is the condition: Laadicated in the prerlir~tl=7 title report under oranse= County Title- %n. 394936 dated January 15, 195S, at 8e00 A, M. We have oaqbted the atate nts of ini'or=tion :sailed to us In your letter of February 25, 1959, and c rs returning a statejaent for each grantee, You are authorized to forward the statw-j nts to the title company. In addition, you are authorized to take all steps necessary to complete the sale of the property to the &runtees, and it Is re- quested that this do" and policy of title insurance in favor ilf Andrea W. Smith be forded to hirL at 3400 ocean rmlevard, Core del Mar, California, and the deed and policy of title insurar►ee in favor of Collin W. Travers be forwarded to him at 3221 Orchid, Corani. ciel Mr. Csaifor :� Vcry truly yours, C011111 W. d vers . 1* 0 CITY 0; BEACH CITY A 'RNEY DEPARTMENT 0 Date January 14, 1959 To: City Clerk From: City Attorney Subject: Resolutions authorizing execution of grant deeds Attached are the following resolutions which were adopted by the City Council on January 12, 1959: Resolution No. 4910 authorizing the execution of a grant deed to Andrew W. Smith or to the person designated by him, covering the Corona del Mar library lots. Resolution No. 4911 authorizing the execution of a grant deed to Minot E. Butler or to the person designated by him, covering Parcel C described in Resolution No. 4885. Walter W. Charamza WWC:mec City Attorney Encs. 6 City Council Newport Beach, California Gentlement Letterman Army Hospital Ward A -1, Room 15 San Francisco, California I was surprised to find that the City Council night confiscate the deposit made on the two so- called library lots. Under the direction of the City Attorney, Mr. C. W. Travers and myself mailed our individual checks to cover the balance on these lots; checks were made out to the City of Newport Beach and sent to the Treasurer. After considerable time elapsed, the letter was reported as not having been received. We have reason to believe that the checks were mailed in good faith and on report from the City Treasurer that they were not received, we notified the bank informally that payment should not be made if they showed up. In the meantime, it was believed that perhaps they would be delivered and we are willing to share the blame for this delay but not to take all of it. Your reputation in the City Hall of losing communications in your own distribution system is not above reproach. Checks replacing the original checks have been written and I believe delivered to the proper source but I don't quite get what necessitated the uproar by the Council over this incident of slight delay with a threat to confiscate original. payment. Perhaps In view of the fact I am somewhat at a disadvantage at the moment I may feel it more keenly. Yours truly, z: A. W. Smith Colonel, USAF (MC) -Retd J • i CITY OF NEWPORT BEACH No 671 NEWPORT BEACH. CALIF. � 7 Q Received From .�/J,{� /ae ....b"/1.__iy[. d t....._/ aR. ..... ............_.................. $..Jp --- .. FOR: —_ � -•,_/ �i. l_ �e-ti..I.4"t-t7 . ACCOUNT NC. AMOUNT )C �INhNGE DEPARTMENT:" 0 0 Date: /_ /,z _ 4— 9 CITY OF NEWPORT BEACH: Receipt No. Received of C Vtk2" Y-1 K Of h.�...�. -?. ,&�a,,L,.�, >° �, adeposit to establish eligibility to make bids on land for sale by City of Newport Beach. Deoesi3r ✓� 4s�Q For City Of Newport Bean This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above depoel:t is hereby acknowledged. Date: -7o 1 2 3 4 6 7. e 9 10 11 12 13 14 15 16 17 is 19 20 21 22 231 24 25 26 27 2& 29 30 31 32 A nsdw'1` ON '3P # M'Y cwNCIL OF THE CITY_ A GRANT DES.i W <Tm1 S the Ci* Cctmail of the City of Newport Mach a: $.,01161y SAvited lr 5i' the purahaae of suryiUa MY • Property ccrosistlgB ,atm uft$ $ sad 11 of Bloch 4�4o, careet�e► del Mar, as aha�vp-m a map recorded in book 3s Pave 41 and . ; at paseelum as mss, A*eord* of o'er tetra . Caiifamia, sittia'p0.1n the Citg i `Rat Beach. Caust3► of craws state of California►)'d zmm 'both ikstea and oral bids were. meeived by the City CoumoU..on 120 _1959, at which time Andrew W. Satith was the high bidder for tho- , h"e of said property; and MHB[a ASAr the`144 of said ?ilgh bidder was ***opted by the City am! tbW Vr4pftty armed sold by the City Council; 10 T.MWO@E, BE IT RESMVXD that the Mayor and . City Clerk be and.Aio hereby authortSed and directed to ezee"G a grant deed an boWf of the 'City of Newport Beach granting the above deacribed s*l property t0 said high bidder or to the pereen dead nested by hM.:U vrlting. ftle rm0alution was adopted by the City Council Of the City of Newport Beach at a regular meting on the 12th day of januaryx 19390 by the following vote, to Witt AYES, COUNOILMOt Finom1gy- Atkimarn+� Highfa -qicdd"A YM, CMNCILN=s ABSENT COUNCILMEN: None A rM t - T or.. 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 30 31', 32 �6) 'MIqUMON104 4911 A. IMMVTIGN 00 ZrI11' O:ANCII, OF THE CITY Cr 11WORT BU ICRIZING THE EIS.CUTI(M OP A 6FtANT D= gs = Cowtell of the City of Newport Beach, by RE�solutjaft no, 4835„ has iml �d bido for the purchase of surplus city Pregarty described therein] and 4IHy MS j WWO received on December 22, ' 1958, and additional bids weri' iielved on January 12, 1959; and 4t?'.EREASs an auction Was held and Minot L. Butler was the high bl"Or on the following described property, and the City Council ordered said property sold to himi V W, THMUWCPE, BE IT REa4LVEA that the Mayor and City Clerk be and are hereby authorized and directed to execute a grant deed on behalf of the City of Newport Beach granting the following described real property to said high bidder or to the person desig- nated by him In writing. The property is described: Ths northwesterly 3$,00 Peet of the southeasterly 54,00 toot of the following described parcel: Lot 7 Gird Let, 8,, Block 54, River Section, as shown on a Mp.thereat recorded in Book 4, page 25 of mi.scellane- VA XappRc, Reeterds Of Orates County, California, together With that PW%10n Of Section 29, Township 6 South, PAW4P 10 W*St, S.B,B.& K., In the City of Newport Beaeh, CslifQMi &,:cache particularly described as follows: Begilfgiag at 6he zaOSt easterly corner of said Zot 7, Block 54i t3feezae North 33' 31' 38� East alax�g a dine sl with t� southeasterly line of said Lota 7 and ,60 tcet to the southerly line of Mean xigh Tide, ss per �►erior Court Cs.se No. 235$6, recorded is Book 201s paSe R53 oP Official Records of said Mange C�'+yf therts�r South 66° �* 1$" East along said. southerly liras ®f f�eas► High Tide, 1x3.98 Peet to the northeasterly prolongation of the northwesterly line of 54th Street* as shown on said map of River Sc >etioni 6beuao South 33° 31' 30" West Ulong said northeasterly :s�t►tisa set the northwesterly line of 54th Street, k 544; North 56•y28 corner of West aloft the saitttneesttr line of said Lot 7, 122,00 feet to the . Excepting therefrom the south- westerly 30.00 30.00 feet thereof, being Neptune Avenue, situated In the City at Newport iii^.:], County of Orange, State of 4tI 1 2 3 4 5 6 7 i 8 91 I 10 11 I'I 12' 13 14 15' 16 17 18 19 20 21 22 231 24 25 26 27 28 29 30 31 32 1 nUs resolution rww adegted by the 'City Coaocil at the City at Newport Beach at a regidw meting an the 12th day of Jam, 19599 by the f*Uvrij:, vote , to wits kayo, CotrAciu : ld n 1�- l7 I I I I I SEC 29 , TG S, R /O VV,' S..5.6 .M 0 01 WE.�TUNE i� 9 N S.1= A? R. 34 �5 LAND SURVEYOR LICENSE No. 2312 I SC � P. O. Box 117 COSTA MESA, CALIF. FIELD BOOK CALL. BOOK JOB NO. Go/-9 4 `I N � 1 — � ° p ..yu. I I .61`2 3800.:.; I a of �•n `�,;.I �' Sc• e is t., 1�- l7 I I I I I SEC 29 , TG S, R /O VV,' S..5.6 .M 0 01 WE.�TUNE i� 9 N S.1= A? R. 34 �5 LAND SURVEYOR LICENSE No. 2312 I SC � P. O. Box 117 COSTA MESA, CALIF. FIELD BOOK CALL. BOOK JOB NO. Go/-9 4 `I N � 1 — � =c p ..yu. I I .61`2 e is t., c= � °l' Sar i'x2`sto4c I VE- i NOTE: YET IRON PIPE AND BRASS DISK STAMPED "4 6.2312" AT POINTS SHOWN THUS O FOUND IRON PIPE AT POINTS SHOWN THUS Y SKETCH SHOWING SURVEY OF i o S O G. Oi N' LOT 6 • B dl— OCi-C 54 ANO A PORT /ON OF SECT /ON 29, T6 Sy R /OWE 58.9:M. R /VER SECT' /ON NEdN.oORT BE.gC/ -7 , CigL /F, JACK S. RAUB 136 ROCHESTER STREET DATE SCALE DI[T[RIOH.00[T OL[ARRRIHT IDDDH L LAND SURVEYOR LICENSE No. 2312 P. O. Box 117 COSTA MESA, CALIF. FIELD BOOK CALL. BOOK JOB NO. Go/-9 L CITY OF NEWPORT BEACE Date: /- /1 -,4-? R ceived of �� n— «� /I ti_e sum of /1 D s O as dcoosit to establish eligibility to make bids on land for s:-ale by City of Newport Beach, or icy—o!'Re' This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged. fi DeposItor r / 1 l 0 . J "X� So 0 n -t�Q s n 0 A 0 Z D O m r A n D T � Ooa��,�Cy a a�y�hay p X64 I f 0 Date: /- / b ' d 9 of CITY OF NEWPORT BEACE Receipt No. Received of—z::2 --Q � f _ �r� sum, )--00. O o as deposit to establish clilgibility to make bids on land for sale by City of Newport Beach, -° epos -- - 'For y o-r-Mewpor£-Nes^ ....- This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged. Date -Ddspasitor '°`- i SALES AND . EXCHANGES "Once Our Client, Always Our Client" G. H. LATHROP REAL E S T AT E 3635 EAST COAST HIGHWAY CORONA DEL MAR, CALIFORNIA Gz l oj���7 �`'Ly.' ✓ LPL- Zi(- Ly��i��T�t�Q-- <�[��x— "'v�_, PHONE: HARBOR 54,42 REa. - HARBOR 5680 r 1 rsLVXONL CLINTON 0-134e T. H. HINCHCLIFFE MAILING ADDRESS- 0. BOX 221 1450 LA LOMA ROAD P. PAOADENA 2. CALIFORNIA eouTX ►ASADiwA. CALIF. January 12, 1959 City Council Newport Beach, Calif. We hereby bid twelve thousand dollars (12,000.00) for purchase of the following described property: Lots 9 and 11 of Block 440, Corona del Mar, as shown upon the map recorded in Book 3 Page 41 and 42 of Miscellaneous maps, records of Orange County, situated in the City of Newport Beach, County of Orange, State of California Said lots are located at 419 and 421 Narcissus Ave. and zoned R -2. Certified check in ($1200.00) payable attached herewith. which would be ten (,$19,$00.00) will escrow. the amount of twelve hundred dollars to the City of Newport Beach is The balance of purchase price thousand eight hundred dollars )e paid in full at close of 90 -day If this bid is accepted, said property is to be de- livered subject to conditions, restrictions, easements, reservations, rights of way of record, and taxes for the fiscal year 19 8 -59. Taxes to be prorated to the close of escrow. Title and escrow expenses to be shared between buyer and seller in the manner customary to the area. This offer is submitted for acceptance by January 14, 1959. Theodore Hi'nc cliffe ' Emily Hitthcliff a (Mrs. AV H. This property has been shown to us by Mr. G. H. Lathrop, realtor of Corona del Mar, and we herby authorize him to submit this bid. i �� pax ow � ;�. I d �, r r � �" H xx � E �% '�O I b I ^� � i �eJ �' �\� �� ° � i � �;; `�` ' i r �^ r� �`h .J �, o� I i r i { ....�,.: ,.M:._......... . .N Date: / - / 1 - J'9 CITY OF NEWPORT BEACH 22eceipt No, a Received of 1p"O'd �^ �- —z� the sum of D J'Q, oa as deposit to establish eligibility to make bids on land for sale by City of Newport Beach. Depositor or y of ewpor eac This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above o it is hereby acknowledged, �14n 4�� •eA- Date: epos or 0 i , n O A. s� C. E: �v N a a Z ~ 0 a m �. m yo m Z +_ a Fri �w n a a m n _ w o CITY OF NEWPORT BEACH Date � �' / a- �, Receipt No. Received of - � � '�" L"L` LJ the aura 00 of y o O as deposit to establish eligibility to make:A)lds on land for sale by City of Newport Beach. Pos or For CIty of ewpor eae " This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged. Date: epos or CITY OF NEWPORT BEACH mr- Date: I' y ' Receipt No. Received ofZj ' "�`�P� zi `""j the scum of Y SrO o ° as deposit to establish eligibility to make bids on land for sale by City of Newport Beach. Mp'oslfor Vor City of ewpor eac This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged. Depositor • a 2667 E. COAST HIGHWAY, COR DEL MAR, CALIF.. REAL TAIT T E L E P H O N E O R 1 0 -A E 3 - 2 0 2 0 W January 12, 1959 City Council, Newport Beach, California. Dear Siren. Regarding Corona del Mar lots offered for sale — I hereby submit the following bid in the amount of $140000.00 and request payment of a 5% commission. I will be present at the Council Meeting with the required cash deposit, the name of the bidder is Barren Hendrickson. ES /jh Very tr 3jv, i Mljay Stoclodill Associate of the Vogel Compary rr. V Do i , , Receive FOR: 0 CITY OF NEWPORT BEACH °r'9 N° 672 ACCOUNT NO. AMOUNT 1 DEPARTM Date: CITY OF NEWPORT BEACH Receipt No. Received of the sum of D O. ° ° as deposit to establish eligibility to make bids on land for sale by City of Newport Beach. �X a I�vv 0 or Vor y or ewpor teach This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged. Date: epos or or° // ,zp CITY OF NEWPORT BEACH Date: /1 /x �J{'� Receipt No. Received of /)D4,'U4 C • �L� the sum T" is on. of m0- a /-w, -,4!LAa *4a-La .t. AxL `M3'deposlt to establish eligibility to make bids on land for sale by City of Newport Beach, �d, Depositor Vor or ewporz eaa- "` This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged. Date: �l•h, _ / % 5 % k //l Depositor cL/ "�ep'osi or ..... AA. ' CITY OF NEWPORT BEACH N° 670 NEWPORT REACH, CALIF. , _ Yo 19-0 O G Received From ,.... /...�J..?%..4R ..'EsQ ACCOYNT NO. AMOUNT DEPARTMENT! ' CITY OF NEWPORT BEACH • Date: /Z /yy /j'� Receipt No. 3 _ Received of �., �Q. the sum of -Q -u 11 .�- c,„�j /o =4�s deposit to establish eligibility to make bids on land for sale by City of Newport Beach. Depositor For City of ewpor eac This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged. Date: epos or - .-A ..: 0 CITY OF NIIViORT BEACH a Date: /y /i > " Receipt ,do Received of yU .A� .J _ _ c )e si rc. 214.3 deposit to . t establish eligibility to make bids on lard for sale by r "1 -.r of Newport Beach, 08 on �or• city or -Newpo4n srs -�: This receipt must be returned to obtain a refund of the deposit. Refund of the full amount of the above deposit is hereby acknowledged, 1,2 Date: —. epos o.. • • oa DAVID HYATT submits bid in the amount of $, 3-009 on Parcel C as shown on "Exhibit A" of Resolution No. 4885. This bid was procured by real estate broker Hugh Hubbard and he is entitled to the commission if accepted. • r w . . . t • • 80 DAVID HYATT submits bid in the amount of $,DOD, -, on Parcel A as shown on "Exhibit.A" of Resolution No. 4885. This bid was procured by real estate broker Hugh Hubbard and he is entitled to the commission if accepted. 0 l -mom 211 A R4&lklr�! ; ZI)MU w "Z CITY A ortw op" 4 5 Cltf COSOU -X U�o Clty *r "WpWt te&*h* 6 . a h" SW* 3 bWa Izr the purobaw *V 7 awmaw city pworty sm"Ouna a! ParvQ Z* an dooWlb" in iRb*%U*AfA MO. 4WI 10 j W-""&Rus# an Awti9R4 um has m DoomAwr Wt 19A at WIS AN h tUW W" tho mo wader 12 f w the pwojw o r =" pwarts, 4av 13 WilUbWo. Uw U$ or Said Ulgh bi"Or fte &OPopted IW the 14; ity so the pvwcrtw ftvaamd sad bw aw city comwil, 15 Ismt l5MpjzlQmo 'm IT P-i�64�m ws a* wqw 4w 011W CUpok be Ud *Xw kM*tW UUUMUW iaM &WW,&.O to *MMUU a WFAA 17 J, do" WA bobw at w cilw at ftwovt Bomb womft vw owe rml 181' to -&I*sw w to the ramm "OsputO4 tv "a in 19 20 ZMA s a VW adap%ed, %W W* CIty COMMU of UW 21 �t uewpwt I*zab at a rvgdw =*tU* sa a* 2.44 dW of 22:;i 23 24 25 26 27 28 29 70 0 31 32 RY SCHROUDER _Mft.— "-OTWOD�� Vl- JAMES B. STODDARD Date: Receipt No. Reciivcd f the Sum of as deposit to establish eligibility to make oral bids on land for sale by City under .T'ezolution No. 4875. Depositor _ .3r City of ewpor ac This - -aceipt :sast return--d to obtain a r^fund of deposit. R, funld Df th_ Rill ;:Aacunt zt;. bnv^ d ^: sit is h,-r.-by acknowl.r "" 3ged Date Depositor �y LEGAL NOTICE I feet thereof, being Neptune _ -? SOTICE OF SALE Avenues. xctice is hereby given tha:ti PARCEL C The 34.00 feet of the. City of Newport Beach offers' northwesterly with Res - feet Of rlycr - fm sale in accordance . the following bed No. -3885 adopted by the g olution City Council of the City of New- .Lot 7 and Lot 8; Block 54, River on a map port Reach. on November 24, 1958,1 Section, as :shown the following described property: thereof recorded in Book 4, page. 25 of Miscellaneous Maps, PARCEL A Records otof Orange County, Cal- Lot 7 and Lot 8, Block 54, Riv- ifornia, gether with that por- LEGAL NOTICE 'er Section, as shown on a map tion of Section 29, Township 6. NOTICE OF SALE thereof recorded in Book 4, South, Range 10 West, S.B.B.& Notice is. hereby given that the, page 25 of Miscellaneous M in the City of Newport City of Newport Beach offers for Maps, Records of Orange Beach, California, more partic. sale, in accordance with Resolu -,, County, California, together ularly described as follows: tion 4875 adopted by the City with that portion of Section Be inning at the most wester- Rang 10 g Council of the City of Newport. 29, Township 6 South, ly corner of said Lot 7, Block Beach on October 24, 1958, the west. S.B.B. &NI., in the City 54:; thence. North 33° 31' 30" following escribed property: g p p y' of Newport Beach, California, East. along a line parallel Lots 9 and 11 Block 440, more particularly described as with the southeasterly line of Corona de] Mar, as shown r, follows: i said Lots 7 and 8, 134,60 feet upon the map recorded in Eeginning at the most west- to the southerly line of Mean Book'3, Pages 41 and 42 of erly corner of said Lot 7,1 High Tide, as per Superior miscellaneous maps, records: Block 54; thence North 33` 31'l Court Case No. 2pag of Orange County, g Y. parallel . 253 Of 30" East along a line p ed in Book 201, page 253 of situated in the City of New- with the southeasterly line of Official Records, of said Or- port Beach, County of Or- paid Lots 7 and 8, 134.60 feet I County; thence South ange, State of California. Y 66 - 44' 18" East along said. to the southerly ine of Mean 66- Said.lots are located at X119 and High Tide, as per Superior Bout herly line of Mean High. 421 Narcissus. and are each 30' in Court Case No. 23686, record. Tide, 123.98 feet to the north-1 width and 118' in depth, Zone ed in Book 201, page 253 of easterly prolongation of tile[ R'2. Official Records of said Or- northwesterly line Of 54th Notice is further given that all County:; thence South Street, as shown on said maps sealed bids,must be submitted 66- 44 18" East along said of River Section; thence South to the City Clerk by 7:30 P.M. on ,motherly' line of ➢ -lean High 33' 31' 30" West along said November. 24, 1958, and will be: Tide, 123:98 feet to the north -j northeasterly prolongation of i publicly opened at a City Coun- easterly Prolongation of tile[ northwesterly line of 54th; cil Meeting in the. City Council northwesterly line of 54th i Street. 156.69 feet to the south. i, Chambers at 7:30 P.M. on No- Street as shown on said map corner of said Lot T. erly vember 24, 1958; the minimum of Baer Section, thence So Block Block :54; thence North a6 sil bid the City Council will con- aidl 33' 3l' 30' west along said � 30" West along the southwe I -. sider for the sale of said prop- northeasterly. prolongation of erly line Of said Lot r 1221is;� city' is $16,IX7000; additional in- the northwestecl% line ofl feet to the point of be mmua.. formation may be obtained from 54th Street, 15669 feet to the l Excepting t b e r e f r o m the the City Clerks Office, i n c l u d i n g . o re * h e r l y corner of said hot southwesterly 30.00 feet there - information as to procedure for 7, Block 54; thence North 56°. of being Neptune Avenue. subrltitting oral bids at the hole° 0S, 30" West along the south- 1'rrcals A, B, and C are located, of the sale. ''- -'A �yc�terly' line of said Lot 7 respectively, at 5104, 5402 and CITY CLERK SCHROUAR. 122.00 feet to the point of be -1 5400 Neptune Avenue. Each par. .. MARGERY ginning. Excepting therefrom cel is located in an R -2 Zone. OCTOBER 31, 1958. November 6, 13, 20, the southeasterly' 85.00 feet Notice is further given that Publish: -'En- and also excepting therefrom' sealed Bids must be submitted to 1958, . in the" Newport Harbor the soulbeing rly 30.00 feetitile City Clerk by 7:30 P.M. on sign. g ... thereof, being Veptrn:e Ave - 22. 1988, and will be 'December nue. l h op`clhed at' a City COun- pubti PARCEL B l cil Meeting in the City Council westerly 34.1)0 feet of - l Chambers at 7:30 P. iVI on the southeasterh 88.00 feet of forma her 22, 1908' Additional informs -. the following described parcel: tion may be obtained from the Block 5a Riv. . Lot 7 and Lot 8, City Clerk's Office, including fin- er Section, as shown on a map formation as to precedure for thereof recorded in Book 4,1 oral bids at the time. submitting flog e 25 of &miscellaneous I of the sale. maps, Records of Orange Coun -I MARGERY SCHROUDER� tc, California, together with•. City Clerk that portion of Section 29,� City of Newport Beach, Township 6 South, Range 10 California. Rest, S.B.B. &M., in the CitY Of Cal i forn ia,� Newport Beach, more particularly described as follows: Beginnnig at the most west' erly corner of said Lot 7, E1ock 54; thence North 33' 31' ID" East along a line parallel with the southeasterly line of said Lots 7 and 8, 134.60 feet to tine southerly line of Mean High Tide, as per Superior Court Case No. 23GS6. record - ccl in Book 201, Page- 253 of i Official Records of said Or- ange County: thence South 66' 44' 1S" East along said southerly line of Mean High l Tide, 123.98 feet to the north- easterly prolongation of the northwesterly line Of 54th Street, as shown on said map 1 of River Section; thence South 33'° 31' 30" West along said.. northeasterly prolongation of the northwesterly line of 54th f Street, 156.69 feet t, the southerly corner of said Lot 7, Block 54; thence North 56 ". 401 N. NEWPORT BLVD., NEWPORT BEACH, CALIF. TELEPHONE Midway 61671 October 23, 1950 A E BOARD OF DIRECTORS MATT LA BORDE PRESIDENT WM. C. FISHER SECRETARY.TREASURER ART F. ADAIR THOMAS E. COX ROBT.GOOSSEN ART C. KISTLER RALPH P. MASKEY JACK MULLAN RUTH PARDOLL LOIS VOGEL FAREL WALKER. EXEC..SECV. Mr. Charles E. Hart, Counc \I' man ,j $ — City of Newport Beach 1 I, Y ll' Re: Evaluation of 4.8 Acres City Hall `JS M - Owned by City of Newport Beach, California Imo_ - -Newport Beach nt1-��t�•,�, Dear Charles: X- A market evaluation was made On the above property by three members of our Board. It is our opinion that this 4.8 acres on the East side of Bushard, South of Hamilton has a current market value of approximately $15,000. This figure is assuming that the domestic water now being supplied by pipeline from the 88 acre parcel at Adams Street and Wright Street is continued. If the sale of the 88 acre parcel causes the removal Of the well supplying water to this property, the value of the subject property would diminish to approximately $11,000. Also the sewer facilities of subject property are non- existant. In making this market evaluation, it is difficult to determine value without knowing the amount of income from oil storage on the property, income from drill sites, if any, or recorded pipeline easements which apparently are many. All of these possibilities exist and must be comsidered when determining value. This property may be of no practical use if it is 'honey - combed' with pipelines and easements. Sincerely, NEWPORT HARBOR BOA OF REALTORS pl ttaBorde,, esident ML:f tit Tik MMIO MOM Of Sal Notice is bereby 9i"m that WO cl-:-I, of iiewpwt so&* off"s for stLe In accordance vita *""In LVI-I %10' -A—ted the 07 Y -Wriber City il of the City of 21��Ath tai am 6 '�' $ 0 OW I I!t the following described prqmM2 wil� Lot 74 -arlc Lot & DlockS4 River Sectiong Ac storm on � mi;j� thcroof rec;;iWin Book 4, page 25 Miscellaneous I&V91 Recam" of Or~ county, Califoratal, together with that portion of Secrion 2,32 Township 6 Saudi, Range 10 !,'astt U09034fim*2 L" thei-ity of NavTort neac` - •ezliformis, more pwticularLy desezibed as follows: SOI&L "Ing at the ivost umeterlt corner of said aL I a Block 540 themes lorth 336 31 30:; fast alb Une 3azallel with the e southasterly line of said "ots MW a 134.60 feet to the southerly Lim of mean W4h TiAe ; per ftpWIW Court Cam No. 236*. V*CQVdQd In Book 201. pW M of Offftial Recom4a of said Orange County; theiux South fi6qP 440 16" zast aloe said southerly Itne of i4aao High TL44 123,98 fast to the northeasterly prolongation of NO north- westerly 'lice of 54th Straotg as showom on &&JA cum of PA-mr Section; thence South 330 31" 30" West aa% said northeasterly prolongation of the line of 54th Street 156.69 feet to do "mtkorly - carner of "MI Lot f . Block 54 themes North 56'm 26' 30" tftet alas* the southwesterly LIZ of sm" Lot 7. 122,00 feat to the point of beginning. mxceptiM therefrom the hem—erly 88,00 foot and also excepting therefrom the sout1im 00 esterly 30. feet thwrimWs being .4optuno Avemm. I The northwesterly 34,00 foot of the southeasterly 8840 feet of the following described parcel: Lot 7 and Lot to Black 54, River Section an shown an a mep tbecoof recorded in hook 4, page 23 of miscellaneous M*4v RODONVO of OrMW County, California together with that LOU Of Section 29, Town shIp I South am 16"= 3630SAM In tin City of No" ca%�Miav _port ioach. Cal partrzaarly desermied as follows fatimal sat the most msterly pnWr If IdA 7 71 # &' 2Wk 34; theme Worth 3 XV 30'2 ga" Am% a ices Parallel with the —%easterl line of "M and Lots 7 a 8 134*60 feet to the =ly line of Assm TiAs, so per Superior Court Case No, 236"s TION=rIn book 2019 p*V 253 of OHL of s#dA QrsmW Count South is" amt 41W& GWW *Wm*hmlyYIX" " *fftm No Tide IUO" foot to the --myti-046tOtly VrQUM&AtiOU Of ;6 UWth- !ep 2 reisterly line of NO Street , as She re an said mw of River Itlion., r Seath 330 9t' 10" =nest Oons said wsrthaasterly rcol isaet of t'+ =.srihwaetociy liars of 54th tit 146. to the southerly corner of said ',at 7. $lock 54; theqsq-.Me!rth 56' 26, 30' Jest 31.0eng the southwas orl line of. d Lot 7, 122.00 feet to the point of b"Urr��g Excepting therefrom thz svuthwasterly 30. rT, feet thereof, being leptane Avenue. T%o northwesterly 34,00 feet of ehe aoutheastorly 54.00 feet of the follar4l" descrit*4 i _.:-cel t Lot 9 'nd ?tot @, Block 54, River Siectios, as shown on < w:* t3hereof recorded in hook 4 25 of !- Uceila s M;ps. Records of Or m" County, C� it fovula. together with ttt.t ;portion Of Stcti" 29 ToAnlshIp 6 South, to West, to the City oi NevMt IWach, r °.lifornta, more rsrtietinrly descrfbed as follows! Aagitming at the most waster' wasterly coraaer of said Lot 7, Sine >k 54 ; thence "m tit 330 111 ?,Of' East :;+loth, : l ins parallel with the soatheartnz3v line of C1116 l.,ots 7 aM 6, 194.50 feet to the smit..fterfv tine of Moran Rig% Tide, as %tern![ Court r., a te4. 736s . r.ecordod 4n seek M. P &g• 7" of MFIcA -et Recorest of a .ld Orxng@e fbtMtg', thencb Sa *h At: G4 V nest le „ CA soothe- y Tine of Mean tta.gh Tide 123.98 Feet to the nOrthezalterly prolonat3.on of the northrestoey line of 54th Street, ti atom on sz4id 'ftP of River Section; thence south v% ",.' 1041 ?east d :long s=fd northeasterly pre! -tion of the northwesterly Line of 54th Street, 156.69 feet to the southerl_! earner of said Lot 71 Block 54; thmwo north 560 ' 10" !test aloes time southwesterly ?inn of said i.ot 7, 127.00 feet to the point of tasginning. Etcartinp, therefrom the southwesterly 30.00 feet thereof, Mein$ Neptune .4vsenue . Parcels 4, iiad C ere locate e r a ,re l y, it VO"; s_ 5402 =nd 5400 Neptt Avenue. Each parcel Is 1 *ac ated In in R-21 '?ona _ Sotice is further giv®n th-A f;c.<l. u SfdA crust be sub ftre4. to the City rlerl.. by 7:10 P.M. on nceer'*r Ig5p .anO „tls !'A T- O.t.tela, Opened at a Cite Council %�aeting in tau r .tp Council ctt s Akira it 7.3C P.M. on teasoher 22, 1958; the F 'r.I --qin hid the Cii: , .max :nom ±'. All consider for the sale of said property is I dditional infoarm tton may be obtained f: w ? :y �:, � 4 lea, including information ss to proc���sre =n.. sc :bratty ;g c+";� '� d =t the tip of the male. Argonr-y e r r 'ity Clerk City of Newport Reach, ?",tliforni.a AFFIDAVO OF POSTING CITY OF NEWPORT BEACH STATE OF CALIFORNIA) ss: COUNTI RANGE being duly sworn, depose and say: That on theS�m day of 19S-t:K at Z_E'S P. H. , I posted Notice of Public Hearing regarding in accordance with Ordinance No. 635, Section of the Municipal Code of the City of Newport Beach, on the following described property: Legal: Address: e. 'e Subscribed -and sworn to before me this 26xf% day of )Aw G, 19 sue. Y1� C�,Qo Notary blic in arld for said County and State. 401 N. NEWPORT BLVD., NEWPORT BEACH, CALIF. TELEPHONE Midway 6.1671 23, 1958 DISP'����, �,0 w�'• �, rmmw� BOARD OF DIRECTORS MATT LA SOROE PRESIDENT WM. C. FISHER SECRETARY. TREASURER ART F. ADAIR THOMAS E.COX. ROBT.GOOSSEN ART C. KISTLER RALPH P.MASKEY JACK MULLAN RUTH PAROOLL LOIS VOGEL FAREL WALKER. EXEC. SECY. Mr. Charles E. Hart, Councilman I - A City of Newport Beach — City Hall Re: 3 Vacant Lots on 54th St. Newport Beach, California between Neptune Ave. and River Ave, City of Newport Beach Dear Charles: A market evaluation was made this date by three members of the Newport Harbor Board of Realtors. These three members are all specialists in this area and we feel most qualified to give an opinion. The lack of a street already in on Neptune and on 54th Street and the possibility of additional costs in connection with street and sewer improvement had some bearing on the valuation of the south lot and the center lot. The south lot, even being near the ocean with a probable view was valued at $10,000. The center lot, since there is no alley existing or proposed, even with a 45' frontage was valued at $8,000. The northern lot facing on 54th Street and also on River Street was valued also at $10,000 since it has sewer and paved at least on River Street. If they were to be sold in one package, the evaluators felt that a price of $25,000 would be a price at which the entire parcel would be readily saleable. If you have any question do not hesitate to let us know. NEWPORT HARBOR BOARD 0 ALTORS XELLr� Matt 2o�rd",e, President ML:f i ol ... -..+ ». .v11�i✓v�`. -c..zx . s::s`.:it ea... � a�Pi.::i 'y.;',. �.�y 'i� a Avg �- --- `r s a' fGZ In F :! x NE-P ?-UiV 4t c x o " ;,us+t•_..___. =ter �- •» -. -- -'.cam ��a S �' �- �,�-i.:_: ��.:.:.:ac.� , Y. ' - .... -: `•.- ._o�L+ ____""- ^°-•'mss. _. ..:.tfr','7wW:�; L'E F?a..•"4 "r..- to o.i �i..:.,° rt;.. C~/7 ol ... -..+ ». .v11�i✓v�`. -c..zx . s::s`.:it ea... � a�Pi.::i 'y.;',. �.�y 'i� : hs: em • 11 -24 -58 SALE OF SURPLUS PROPERTY PUBLIC AUCTION PROCEDURE In order to conduct proceedings fairly and without prejudice to any bidder, certain procedures must be followed. The Mayor shall be the Chairman and shall conduct the auction pursuant to the resolution authorizing the sale of the surplus property. Rulings of the Mayor on procedural matters shall be final unless they be immediately appealed to the City Council. Such appeal may be taken by asking to be heard on a "point of order ". The Mayor shall then inter- rupt the proceedings until the matter is settled by ruling of the City Council, after which proceedings shall be continued. Persons desiring to speak from the floor, unless they are bidding, shall stand and wait to be recognized unless they rise to a "point of order" and if so, they shall so state upon arising. Persons desiring to make an oral bid from the floor shall raise their hand and show their deposit receipt, and upon being recognized, shall state the receipt number, their last name and the bid. The Mayor will repeat the bid, bidder's name and receipt number after each bid. Oral bidding from the floor shall be by qualified persons only, i.e., persons having previously submitted a sealed bid, or persons having made a deposit as specified in the resolution authorizing the sale. Opening the proceedings. The Mayor will give a brief description of the property to be sold, information on publication of notices, the resolution number authorizing the sale and shall ask if all sealed bids are in the hands of the City Clerk. Sealed bids rocedure. The Mayor will open all sealed bids and announce the dder s name an d amount bid. The Mayor may designate a committee composed of the City Manager, the City Attorney and the City Treasurer to examine the bids for items specified in the resolution. This committee shall then take all sealed bids, examine them and report back to the Mayor upon completion of their duty. While the committee is studying the bids, the Mayor may continue the regular Council business until the committee is prepared to report. Result of sealed bids. The Mayor shall announce the highest sealed bid, giving the name ot buyer and the name of the broker, if any. The Mayor shall then read a list of persons qualified to bid from the floor by reason of submitting proper sealed bids and these persons shall be given a receipt. The Mayor shall ask that anyone wishing to make an oral bid, who has not submitted a sealed bid shall deposit with the City Treasurer immediately a certified or cashier's check or cash for 15% of the minimum bid specified in the resolution. Persons submitting such certified or cashier's check or cash shall be given a receipt. All such persons holding receipts shall then be qualified to join in the oral bidding. RBidding from the floor. The Mayor shall open the bidding from the floor, announcing the amount of the minimum acceptable oral bid (the first oral bid must exceed the highest sealed bid by 10%). During oral bidding, a committee composed of the City Clerk, the City Manager, the City Attorney and the City Treasurer shall record such oral bids as they are repeated by the Mayor. Award of high bid. _After bidding ceases, the Mayor shall announce the highest bid, the name of the bidder, the name of the broker, if any, and shall declare the property sold, subject to the approval of the City Council. If in order, the Council shall, by motion accept the highest bid, order the property sold, and direct the City Attorney to complete the sale. By Council motion, unsuccessful bidders' deposits shall be ordered returned upon presentation and signing of receipt previously issued. During these proceedings, the City Treasurer shall have final responsi- bility and accountability for deposits, receipts, return of deposits and collection of receipt. ,CIO '3�1� 2667 E. COAST HIGHWAY. COROINA DEL MAR, CALIF. REAL TAI T E L E P H O N E O R I O L E 3 - 2 0 2 0 December 22, 1958 City Council, Newport Beach, California. Gentleman: Regarding Resolution #4885 setting forth property for sale by the City of Newport Beaebt Enclosed please find Cashiers Check in the amount of $770.00 (seven hundred and ten dollars) which represents 10% of bid in the amount of ;7100.00 (seven thousand one hundred dollars) for purchase of property described as Parcel "A.' contained in map attached to said resolution. Name of bidder is William D. Use of Los Angeles. Please pay commission to Eljay Stockdill, licensed Beal Estate Broker, associated with 7he Vogel Cor4mW, 2667 E. Coast Highway, Corona del Nar, California. Very t:;ckcli3-1 , MIE VCUEL CONPAN% U� ES /jh enC • , ._T�., . .. �'Y -1 rn m tu to tv IZ5 En En co 40 oa to C -, X49 gL�. I c9t-� 7 P,L"a --4-- 2- "ri 5 0 0 6" � ly 520 l9s�' Cl 0� I 0 0, 00 �' �. n �� �� i f � < � CJ � � "1 nJ NOTICE OF SALE: Notice is hereby- given that the City of Newport Be.ach'of&ra- fprsale, imaccord Alution No, 4885 a he .pity Council of th - �ort Beach onlYoveno A e following describeWpropetf_y PARCEL A `t Lot 7 and Lot 8, Block 54, RN erSection, as shown'gn a map ' thereof recorded r Book 4, page 25 of M .Inneous Maps, Records ;;," Orange' County, California;; -; - togethet with that portion a n ; Section 29, Township 6 South 'Rang 10 West, S.B.B. &M., lithe City of Newport Beach, iGalifornia, more particularly described a® -.- follows:. Beginning at the`;trfost, west. erly corner of said Lot 7„ Block 54; thence Noltth 33 31' 30" East along a. liiYe paaalid. with the southeasterly 1, a of said Lots 7. and Sy 139,60 feet to lire southerly line of Mean High Tide, as per Syryeriorl Court Case No. 23686, record.' ed in Book 201; page, 253 of Official Records of slid Or- ange: County;'thence, South .-66°`44' 18" East alol *said southerly line of Mgn;$rghl Tide, 123:95 feet to n. -- h. easterly prolongatiq�- af' ties ;northwesterly Irne . - _, -,S$th c`Streetj as shown on Said>rhap 'of•Ziiver Section, thenee:Sr.A14h 33° "$1' 30" West along said northeasterly prolongattdn.,bf .the; northwesterly line of . 54th?,$treet, 156.69..deet -to the southerly corner of said, Dot 7, Block 54; thencg North. 56' .28' 30." West along£,the iiouth: wooly' ?line of *xid 'tot 1, 122:*.feet to the point of be- gii ii$k. Excepting. therefrom f the southeasterly 88.00 feet. and also excepting therefrom' the southwesterly 30N feetf thereof, being Neptune ..Ave -' nue. ° PARCEL, B The northwesterly 34.00 feet of the southeasterly 88.00 feet of the following describedliarceL. Lot 7 and Lot S Block 54, Riv- er Section, as shown on a map thereof recorded in Book -: 4,1 p a g e 25 of MisccHlarieous i -Maps, Records of Omnge -Coon' ty, California, together with that portion of Section 29i:'. Township 6 South, Range °lb: West, S.B.B. &M., in the City of Newport Beach, California,. more described as follows: Beginnnig at the most west- erly corner of.. said Lot 7, Block 54; thence North -33° 31' 3W East along a line'parallel with the southeasterly line ofi said Lots 7 and 8, 134,60 feet:: to the southerly line of Mean High Tide, as per Superior Court Case No. 23686, record - ed in Book 201,.PAge'253 of Official' Records".of. said Or- ange County; thence South 66' 4I' 18" East 'along said southerly line of Mean High Tide, 123.95 feet to the north- easterly prolongation of the northwesterly line of 54th. - Street as shown en said map, of River Section thence South 33° 31' 30" West along said northeasterly prolongation of the northwesterly line t ofISith. Street, 156.69 feet to -lire southerly corner ,of -safd Lof 7, Block 54; thence North `56" 28' W'. West alf5tig'fii ;south= AFFIDAVIT OF PUBLICATION Newport Harbor ENSIGN STATE OF CALIFORNIA County of Orange ss. /iHVO E• tiAAYFl _.,__, being first duly sworn, and on oath depose and say that I am the printer and publisher of the Newport Harbor Ensign, a weekly newspaper printed and published in the City of Newport Beach, County of Orange, State of California, and that the...rt;Ot!C2. ... Of ... aa!!' ....... i.P.Rr"c ! s....A,.... ...Q). .. .. ... .... ....... ................... of which copy attached hereto is a true and complete copy, was printed and published in the regular issue(s) of said newspaper, and not in a supplement, ....... consecu- tive times: to -Mt the issue(s) of Nov. 27, llec. 4, 11, 1958 (Signed) �.�.:._.. ' .. �! :' :':..l:--' Subscribed and sworn to before me this... l5th..day of ............ ece {nber........... 19._5 .... .s Notary Puhlic in and for the County of Orange, State of California. -, tYUStl Ifeet thereof, .being Neptune ' Avenue. PARCEV C ' The northwesterly .:3400 feet of the 'southeasterly 54.00 feet of the following described parcel: Lot 7 and Lot 8, Block 54, River - Section, as shown on, a map thereof recorded in Book '4,. page 25 of Miscellaneous Maps,' Records of Orange County, Cal. ifornia, together with that por6 _ tion of Section 29, Township South, Range 10 West, S.B:B. & M. in the City, of Newport Beach; California, more partic- ularly described' as' follows^ Beginning at the most weater- ly corner of said Lot 7; .Bloch. , 54, :thence North 33 31' 30 EaA.ialong a line. partdllel witWAIIP .. southeasterly Ilhe of said 7 and 8, 134.60 feet to t therly line of'Mean High e, as per Superior' Con. . e No. 23686 record - ed m- ok -201; page 253 of* Official !Records of said Or : ange County; thence SoujKj 66' 44'.18" East along s� - southerly line of 'Mean Hrgril Tide, 123.98 feet to the north:. easterly prolongation of . the northwesterly fine of 54th' Street, as'shown on said maps of River Section; thence South 33' 31' 30" West along said, northeasterly prolongation of - the northwesterly line of 54th Street, 156.69 feet to the south= erly cotfi& of said Lot 7, Block 54; *.thence North 56' 28' 30" West along the southwest. erly line of said Lot 7, 122.00 feet to the point of beginning. Excepting t h e r e f 'r o m the southwesterly 30 00.3eet there- of, being Neptune lVenue. Parcels A, B, and C arg3ocated, respectively, at 5404, 54* and 5400 Neptune Avenue,. Each`,pAr- eel is located in an R- 2'Zon& Notice is , further given that sealed bids must be submitted to the City Clerk, by 7:30 P.M. on December 22, 1958, and will be Publicly opened at City Coun Icil Meeting in the City Council Chambers at 7:30 P. M. on Decem- ber 22, 1958. Addrtiopal informa- tion may be obtained from the CHY.4Clerk's Office, including in- formation:.as to ,precedure for submittir g.orai bid'a at:the tin7ip: ,of the sale.,, +, MARGERY scf ltotibrIF. City Clerk t City' :of. Newport Beach, California. AFFIDAVIT OF PUBLICATION Newport Harbor ENSIGN STATE OF CALTFORNIA LEGAL NOTICE County of Orange ss NOTICE OF SALE Notice is hereby given that the 1 AHVO E. HA /:FA being first City- o£'Newport Beach offers for . ..... ... ............ _........ .._. .............................., sale, in accordance with'Resol y, duly sworn. and on oath depose and say that 1 am the tion 4875 adopted by the City printer and publisher of the Newport Harbor Ensign, a Council of the City of Newport ) weekly newspaper printed and published in the City of Beach on October 24,. 1958, as amended by the Adoption of Res -. Newport Beach, County of Orange, State of California, elution 4884 on November 24, O t;SCe Oi Sale t._.........-..-----......._ 1958, the following described! andthat the....... .. .. ............_..._.............. property: and 421 Narcissus) Lots 9 and 11, Block 440, ., _(419 _ ...... _ ......................_ ...._.......................__. ... _ ................ _ Corona � del Mar, as shown - ..._ of which -- ".— '.........." .... ......... upon the map recorded. in Book 3; Pages 41 and 42 of' ' copy attached hereto is a true and complete copy, was miscellaneous maps, records printed and published in the regular issues) of said of Orange County, California, situated in the City of New- - newspaper, and not in a supplement. ...3 _.. .... consrcu- Pori Beach; County of Or- ; tive times: to -wit the issue(s) of 'ange, State of Ctlifornia.. Nov. Z% Deo• 4, 11... 19 56 ....:. �.....:t :........:............. ...................,.,......... and lots are Narcissus and are each 30' in width and 118' in depth, ............................. .......................... ---- _ Zone R -2. Notice is further given that. _ sealed bids must be submitted to the City Clerk by 7:30 P.M. on .......................................................:..... ............................... December 22, 1958, and will be --......._ ........................-......_............. ........._--_.................. publicly opened at a City Council' Meeting in the City Council ?� i_,_ ,� I Chambers at 7:30 P.M. orq De- ;'- ,_, (Signed) .:�-` :.`.:.n:...i ..............:.. ::........ ._.,.:.. : cember, 22, 1958. Additional in- Subscribed and sworn to before me this...15tb..day of formation may be �obtained'trom ember the .City Clerk's Office, including .............: 19,_58 information as to procedure for submitting oral bids at the:time +x'•. �, --.,- �: iJ "�— r. ,.� of the sale. ..... - ................... ^� :: ........ - Notary Public in Y CLCLERK* - . R CITY CLERK* and for the County of Orange, State of California. SCHROUbER NOVEMBER 24, 1958. • i AFFIDAVIT OF PUBLICATION Newport Harbor ENSIGN STATE OF CALIFORNIA County of Orange as. 1, - ..ARVO 4 ....................... being first duly sworn; and on oath depose and say that I am the printer and publisher of the Newport Harbor Ensign, a weekly newspaper printed and published in the City of , Newport Beach, County of Orange, State of California. Nati NOTTCE OF SALE ce Is hereby given that the: - .E � and that the_ IJ0�1' 1LL_, OF_- SlaLr _........__.__........._..... -. "" .City f ;ale, inaewrdanceach offers tor' ccordance with-Itesolu (lots at 419 and 421 Narais,, s) -- tion 4875 adopted by the City; _ .............--.......... ........... ....... ....,. .................... Council of the City of New p ort ...................................._,................. .............._................ of which Beach on October 24, 1958, the: following described copy attached hereto is a true and complete copy, was property: Lots 9 and 11 of Block 440, printed and published in the regular issue(s) of said Corona 'del Mar, as shown newspaper, and not in a supplement, .....3::...... consecu- upon the ma in Book 3, Pages p41e and e42 of, tive times: to -wit the issue(s) of miscellaneous maps, record's � � Nov. 6, 13-- �0, 1.,58 .. of County, California, ....................... .._.................--------.... .................._.........._. situated in the City of New- port Beach, County of Or. .............................. ............................. I............_.._.. ange, State of California. Said lots are located at 419 and ............... - --------- 421 Narcissus and are each 30' in: width and 118' in depth, Zone: Notice is further given that ._ ..................._..::................---........--- ......_....._.................. sealed bids must be submitted to the City Clerk by 7:30 P.M.. on! (Signed) 1..4_�..:� 6, ....... "1 ...... R,., November 24, 1958, and will be publicly opened at d=eity Coun -.. Subscribed and sworn to before me this _hthday of c" Meeting in the Council Chambers ' December S8 ............. .._.......---.................. 19............: at 7:30 on No -! vember 24, 1958; thd: ;minimum. bid the (sty Council, will con. ;} Prop. ..... . -- Notary Public in and for the erty is 516.000.00 additfongl in- formation may be obtained from County of Orange, State of California. the City Clerk's Office, including informatfon as to procedure for submitting oral bids at the,"ti[ne of the sale.. ' _ CITY CLEB$.. . MARGLV �1�::: OCTOBER 31, ' 1958-' .Publish: November 6, 13,-4, 1958, in the Newport Harbor En. sign. s., CITY OF XffVPMT'UACR CITY ATTORNEY DBPARTNENT To: The Honorable Mayor and City Council From: City Attorney 46 tJyx. Date December 5, 1958 Subject: Newport Beach v. Batcheller, et al, Superior Court No. 69067 The subject action was filed by the City to quiet title to nine different parcels of property. Parcel 3, consisting of Lot 8, Block 54, River Section, is now up for sale by the City. Quitclaim deeds were obtained from parties having an interest in the property. Parcel 6 consists of Lots 7 and 8, Block 510 River Section. A tax affidavit was prepared showing the title to the property to be in the City and supplied to the title company. It now appears they will be willing to insure title in the City or the City's successors as a result of this affidavit. Parcel 9 consists of Lots 1 through 7, Block 244, Canal Section, which is the property being developed as Channel Place Park. A tax affidavit has also been supplied on it and it appears we can obtain a title policy. In order to have the title company issue policies without this subject lawsuit's being shown as an exception to the title, it will be necessary to dismiss the action as to the parcels on which title is being insured. It is requested that the Council authorize the dismissal upon our acquiring title policies. We request authority to ask the title company to issue a title policy showing title to Lots l through 7. Block 244, vested in the City of Newport Beach with a guarantee of $20,000. It will be necessary to ask for an appropriation to pay the.cost of the title policy when we receive a bill from the title company. Adoption of the attached motion will give the requested authorizations. Walter W. Charamza WWC:mec City Attorney Enc. cc - City Manager WWC:mec 12/5/58 (10) MOTION The City Attorney is aythorized to dismiss as to Parcels 3, 6 and 9, in Newport Beach v. Batcheller, Superior Court No. 69067, upon the title company's issuing title policies as requested on the land included within those parcels and to order a title policy with a $20,000 guarantee showing title to Parcel 9 vested in the City. a S I r December 2, 1958 Mrs. Irma Tracy 306 Navilla Place Covina, California Dear Mrs. Tracy: In accordance with your request of today I am enclosing a copy of Resolution No. 4885, whicA was adopted by the City Couasil of the City of Newport Beach on November 24, 1958, and which sets forth the procedure for sale of "River Avenue lots." MS: am Enc. Yours very truly, Margery Schrouder City Clerk City of Newport Beach Dece4or 2, 1958 A. C. Fischer Realty 6 Lm+eratment 20A East Los Feliw Road Glendale 5. California Dear Air. Fischer: The Council of the City of Newport Beach on November 24 1958 adopted'Usolutions numbered 4884 sad 4885 JeclarLj certain City - owned property surplus and establishing the procedure for sale thereof. I am enclosing oopies of said resolutions. Tours very truly, CityeClaSc City of Newport Beach MS: em Eno. November 26, 1958 Mr. R. P. Rapson 661 Virginia Park Drive Laguna Beach, California Dear Mr. Rapson: In accordanoo with your request, I am enclosing a copy of Resolution No. 4885 adopted by the City Council on November 24, 1956. Very truly yours, Margery Schrouder City Clerk HS: am Snc. . vv . J m CM Subject- s Attadw -A aro tbr- two -i-- o; the C i t7 COUVIO f Moak 4 szq bldzz for -n- ir, lil I • WAS me the if triat ti of a r—:, - str-i�t. A1.4 With UM-: va T- B. The paVoodure r A., A. #U7 il ter t QEt City (2) 4 ty alt -Aw 1 2 3 4 5 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30. 31 32 mom` ii sus�2�� a of easel L 7. t 1t A-W 33 1 " N&St &long a 111 vit the *=t a"tarly limos at &aid e 7 and PUIWr OWArt Ca" O* 236WO k'� In $63 at Otrioi�a1.. at' to araftso 66' 441 ' " "at 4me s line cd' .ice rJah i icy. 123.98 !fit to the A'3o wolmPtUm of this stvrIy 11no t as showm on mop at fiver 3fttion) 300 wont 44=9 WAM bortblaastoKY the - thwastosiy uns, at 54th st""* t a me *vAtbWlg , of "Id Lot Ta tho"O N 56* ° 7 Watt &left the . w1f UXW of said Lot Ts 122.00 feet to the ftowtift tborotw= the owtlr .bit Irmou and Llso excepting thorstrm 2 3 4 5 6 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 34000 feet of the 3outheao"Oft 88,00 fear foUowlm desoribed paroolt 7 aid Lot So Sao* 54, Uvor 3"tims as shmm on a Mp ther4*f ra in Book 48, pw Of MISOSIXOMMOU UNPOS Xq*W?dA of OrNAW County, calif toaktbor with that 'Pafton of $datleft 29'A 7M-iahip SWAV4 RMP 10 West* 3.S.B.& X.s In the City of NOVOWt 3060* 94traMias MMO particularly doodrIbod an follows Beginiang at %* Seat Westerly QMVW of tat 70 Block 541 thm" north 3310 31 a 3o" z"%- #la% ,, ilas 306ticn) theaft 3outh 33* 3a* 30' Vopt slow wId northeasterly pros Lion or the Owearjetorly 11M 0 %4th , f , Street,, 156-69 fact to thsamft6rly corner Of 9&.d Lot 7s Blook 541 then" kith 56* 2131 30" West alow the amtj"OstarlY lim of wld Lat ?a 122.00 feet to the point of Mina• zZeeptias therefrom the swatkAmsterlY 30,00 feat theree-to being Neptune Avenue, LAIIC�LLC The AM121wentarly 34.W feet of the amth"Storly 54.00 toot of the following deearibed p&,-Oejs LOt 7 and Lot So Vlook 54, River creation, as sham on & MP themof recorded In Book 4, Pa" of 0" MPOo Heeords of cauntyv californivs toother With that pWtieft or JectiM :97 JIL'-AnWhip 6 Souths n�&Up. 10 Wants V4.s In the 'e-Ity at " ort Dea.0ho C4UrO"U&* more P&rti"Uarly described as follows- BOSInnIns At UW most westerly 0� at' aald Lot �js SIftk 54; theme North 33" 31 1 � 30 along a I-Ine 01 With the afttha"tarly bIne of said Lots 7 i� ♦134.60 root -to the southerly 1100 of an h gh Tides Ocurt "ae go. ��36d%6& recorded in t:X6�0: �1253 of 11'riclal Records of S&I'd Qrv'nae COUBW Qmwo btmxth 6V 441 13" �a ftt along said *Mth*VlY 11► Of Man V.191- fide, 123-93 feet to the DOrth"Ilterly prolontatIon of the nwthw"tol-ly line. or 54th street., as Shown on Said map of Rives et to thwum South 33" 31' 30" West along said nm-Owasterly I�i 4�Feet t"t to 910" 54 " of wes ly 00 U-Id Parcels A., B avoid C am shown �; n the m;e-p dated movuMber 18, 1 2! 3 4 1i 5 I 6 I� 711 81 9 10 11 12 13. 14 15 16 17 18 19' 20 21 22 23, 241I 25 26, 27 28 29 30 31 32 beret ^a ''� �- .:,BlAM SLiN♦ 3 e or seJ4 Olawls tiwre will be redersved to the city at x"Mort awfiak all Mis°<=_?. va 0466ft. InaLuding oil, gas a" OtbW br but rrct 'pet rust at agrfaec entry ads - 90 0" said M"Wty iS QrO$° 2T3 0 .bali® one bt thOrfttM are jWjt#dU23der tht of 804U& Wdftft and public amUgn as ncre.lootter set out* citrd 4409WOS Will ocnsider w bids vor the *a8 of sa' d Pr'SgWt^f . IL 14 the opinl on Ot the city VOAu"I ttst the EIPPMAdMWe vslwa aC the parcels <`,r4 as tollaes: Marvel k, $75 900); 'z,rce1 urx ..n. 4aab bid mat be a .led Submitted to the City C'l T'i3 ! .3n Z3. it on D&COMb" 22, 1958. E twh bid m cat 1:42, a. icollditiors•`al aAd Mat ia"- OWIte2W "Mtit�r the land desoribet: herain for Which It Is Sub- mitted 1pr -Par"I or otherwise vmsa be. I.-OcoWanled by a 4eposit of 1 i i r o t.$h or a certified or - 43hier"ss cheep payable t6 the Sit. y ecp=l to ten POP *Ont (1.70 Of the amount bid to Guarantee U*At if the City accepts the OOLIed bid or an oral bid w at the auction by the biddsc SAId bidder still s=Vlets the PUrchoaVe and within thirty (Q} P67 she g of his WA Mgt wa Nocept&d by the Clay. The dst"it oo check of the sucossraflrl bidder WAII be IwIW to the PUPOhh" pr CO. All Others mil be reuavaa to the bidders. FrxiIUM of the se elttl bidder to eaVlete the purahase and pay &G above required shall remit in forfeiture of the deposit to the City. Wris Of bidder's Wall not be disclosed until the bide 4e cpexrod. baetZOn .3. O S.sx yids - Suits Auction. The sealed bids WwU be opened VWiely wed at d City G«ac 1. M"EtirdS in the City Count .l chamber at 7;30 P. M. on .0ecember f'or Orel 1958. The lbyrw shall scnftet the auction and *hs11 �rw uaft ttwr =mss of the blowst bidder cn the 80&led bids shell then call f'or Orel bide. Sa0b POrOOD who W.5 Oubmitted a qualified seal" 3. it it 2 3 5 6 7 9 10 11 12 13 • b" assommod" bv a c;4M Woddt or *book am rovjv" may mWW raral: U*" .4A tho lan4 for WOO"rA bas &Wmdttod a "&Zed WA* Btro". Mkklft on W" t"O am who* h" not submit V4. At qUalift" ft",,04 *Ok AUbmit a QaAk 40POSit Or OWtIJUW-'W anshi isiet abec*-*W" I o fifu",pev eent (15X) at- the:hlmb"t 4eaW1 M4 an am par I a" as WbIjob v4eh pqrson wishea to bid. 'a be WO first Or" bid mat exceed the hiewat feel" bid by test •"' *Mt (I of the aMOLOt at SUCII high 4*464 re"IYU4 Uw highest WA obt4inublt trft &. VAAII f2" fir, .:*w xqw,gb&U dftiarva the Property sold to the buwr twud VAOst to �Pproval at the City council. gg 44 the City, COM611 reverves vo ri&t to rojeet wa wA all bidA or to withdraw the 14 prvevtv or MW . Interest therein from "Le at amw tIm.* 15 SO 16 UP= 601OLOtIon Ot the sale and vasment of %be ammt at 17 the blde the 01tW wiU to a Vomat do" to Md furldeh 4t it$ 18 e2Tepse a sta"Amm *mats Polley of title Inmiran" in the amomt 19 of Us Wmee"AU bJA shawim title vented In the pert/ or pArtIAM 20 dealgmted JW WA Swo"aftol bidder subject to t""4 a88**SWfttN 21 and stalla bWr4ma s" to covemnts., corAltionso restrictloms 22 reaer"t,14"m r4otes, rights of wiW end eAmementOp If - ANW. The 23 city Um a" i for v**W"ftG or the Gast (it TAternal Sete is 24 25 SmetUm to gMM. it the property, camot 26 IsaWy In &*)A bg the CJMy or the CltW iA UmWG to GQMVWJ nLV- 27 intable tit" withIA a rgesombae tUm after the date of Sacs the 28 a,se ab&U be void WA deemd =AUxally cazm.Ue4* smA air price 29 paid W ftpdat *&do Wall be refunded and no liability of the 30 31 City SW2 to"t-ar &vUm from such ►►mmilation. 321 30OU04 7, LO Hants. Yo warranty is merle or intmd" by aW *fttMWftt,jx thie ro"Jution or the notice of Sale or fther• 1 liDe Mdt€h spm$t to 141OU ea, siza.; x6ft or utility at Ow 1 - 2 II Orw . aw interne: t therein Ifteb is SCI or qZ f Bred ror sold. Section 8. e# «fie - Aubl3satie The City 4 i, shall OVOPR" a notioc -f ft le s*ttlft aaat� the as pro; ns or loea- il 6 degariptiont ZWe and '`IMVaLiwate site -f the p €rdeal w I; 6 fi€..T 6018 Of ,wry WAS offered far .malt, the date, ;l and i 711 tUW the blAIS Will be rived rW k.Vens.,& emd the fact that f-tl- 8 i� ditimai infor cation xrAy be Obtained. fr rya +ire^ City ClerIO S Off100. 9 "x'l et Wtiee ahlAll brc published znce k. for thrc' successive ii 1011 tree &W eapies shall be krrIi III at;lc in the C1RrIr's orfloe ond 11 Cr,�;eai will be riled by the City at f u_) i rCquew't. 12 can �; l3sion. ;� :is;..fW of e; waximm tc3t�a:1 cm- 1 .3 ,stasjon or fi.,O a �S+BF 4�T3t. ( 7 ,)a t!';i'. a? lv�:. �ari.re shall. be n. id to 14 the real estnata brokar or brokers entitled thereto, If any, titer 15 the rellowIng Conditions-. 16 (a) Tim- property =at be ::.ctu€.11y said end the 17 "1" Partae pad to the City. 18. (b) Only licensed r 1 estate brokers shall be 19 elUAb+le to be paid c4 c- .x=ission, 20 (C) A aasaled bid upon whiok: =a cca"iesion is to 21 be claimed shall so st t e and shell nam the bralmr 22 sho has sbta and the Laid on behalf of the Cit,� . -; nd 23 has ther.07 astablIahed sligi'bIlity for the coma .ssion 24 or a sty Of it. 25 (d) A. person mkirtg &. deposit of fifteen per cent 26 (15%) by ODsh or OhOok Permitted in Section 3 hereof 27 28 TBaV r-t the tUw of submitt.`,: such deposit rum* the 29 broker who has Obta -ined the bidder and has thereby es tablished etli PAIlty for the a ission or a share of 11 30 31 (e) -?he re&l estate broker, it oxWv nomad in the 32 F.'&%eat qualified sffi:: :led bld abc.11 receive two and -half r e*At (2 y) of tht, Aaurat of such W as 21 3 5 d 6 71 81 i 91 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 AwvjJjjOd in 0A 'ne sWed bid or tmlVr**l "�'* broker, If ftlYs nmod via Abs."4epwit at rinsm per imt 1w talm b! the .. . is W4 V"Oilft that *Jklm &f the total mmtsmv*�" PMA (a) sloom lbls reselftlift wo adopted W tM city Counell of Ow with -of Moupwt Beaob vt -a regLapr Oseting Oft the 24th del of Movember,, x b,7 the follming vote, to Wlt AT!i ---------- N' 3/G2 C 7—AZ C 1. n0f�hes /5 y ys'..23° [ [1': ^O. � monhale n 01 SPikec Fd S ^ ^� 'm I I03 �� . .3s 55 } O I i j ja 55 I it \, SEC Z9 T TGSI RiOw, I IS .6 'anw -� I I I� s S.RR.R R/w I v b� of d N r?ERR. R/w I d SE/i S/-/ORE ° � OR• �° 3C Off' • • 30 00' I NOTE: BET IRON PIPE AND BRASS DISK STAMPED "L. SR312- AT POINTS SHOWN THUS O FOUND MON PIPE AT POINTS SHOWN THUS B SKETCH SHOWING SURVEY OF LOT 6 • BZOCfG 54 ,A/VO 4 PORT /O/V O,F SEC7-101V Z 9 , TG Sy RJVE/R SECT /ON JACK S. RAUB LAND SURVEYOR LICENSE No. 2312 136 ROCHESTER STREET P. O• Box 117 COSTA MESA, CALIF. IDATE ' .SI SCALE I FIELD BOOK I CALC• BOOK I JOB A N O. hovrmbe^ id /SB i" = C40' 6019 DI[TERMHN 08T CLIZAAMINT IDDOH "EXHIBIT A" RE V71) CITY OF NEWPORT BEACH G. "c2 ;:lskicn City Attorney wrap DEPARTMENT Date November 24, 1958 TO: City Clerk FROM: City Attorney SUBJECT: Resolution calling for bids for the sale of City -Owned Property. Attached are (14) copies of the Resolution for the sale of City property consisting of portions of Lots 7 and 8, Block 54, River Section. These copies are revised from the ones prepared on F'tiday and should replace the earlier copies completely. The substantive changes are: (1) a change in the description on each parcel and (2) the addition of a statement that the City will reserve the mineral rights on the property being sold. l.. Walter W. Charamza WWC:vw City Attorney Enc. NUTIC OF 9ALE X� Notice is hereby Siven that f�';Ity of NmWr° t >asch offers &ccQr4w',-2f, with Resolution. 4875 ae pzed by the Cil�_ City Qj,. Me%Wrt Beach on 0 C %* L'l., LV340 MAWe�ad the AdoptiM a- Fegotl*.140 described property. Lots 9 4cW It of cc l- 4413* Corona del Mwj at saw %n upon the Buk? recorded in Uick 3o Pat" 41 and 42 of miscalleneous s,0 records of crane County, ifornifty situated lin the -ity of Newport 3sath, County of Orange, State of California. 1 .. 0_: lots We located at 419 and A21 NaraLswue and are eacra Ond 118' in depth, Zone R-2. :%-'ticG is further given that scaled 'Ads must to guboLtted tv "Aark by 7130 P.M. an Decembef 221 1�56. arse will 50 opened at a City council jeating in the --,.;Ly Cowell 4t 1:30 Pit. on December 22 lei [,, tw4uraorAl informatLon '0L&ift*d from the City Clark's Y cedtuv for Submittina oral bid's at zr4a time zj the sale. CITY '24 19:iS. LEGAL NOTICE NOTICE OF WALE <, Notice is hereby given that the! City of Newport- Beach offers for sale, in accordance with Resolu., tion 4875 adopted by the City. Council of the City of Newport. Beach on October 24, 1958, as. amended by the Adoption of Res= olution 4884 on November 24, 1958, the following described: property: Lots 9 and 11, Block 440, Corona del Mai, as shown upon the map recorded in Book 3, Pages 41 and 42 of miscellaneous maps, records of Orange County, California, situated in the City of New- port Beach, County of Or- ange, State of Ctlifornia. Said lots are located at 419 and 421 Narcissus and are each 30' in width and 118' in depth, Zone R -2. Notice is further given' that sealed bids must be submitted to the City Clerk by 7:30 P.M. on December 22, 1958, and will be Publicly opened at a City Council '. Meeting in the City Council Chambers at 7:30 P.M. on De- cember 22, 1958. Additional in t formation may be obtained from the City Clerk's Office, including j information procedure as to oral bids submitting he time l of the sale. . CITY CLERK MARGERY SCHROUDER� NOVEMBER 24, 1958. Publish vember 26th and ecember 3rd and 10th' LEGAVOTICE . NOTICE OF 5A' Notice is hereby given that the City of Newport Beach offers for sale, in accordance .tditb Resolution 4875 adopted by the City Council of tite.City of Newpo4- $each on October 24, 1958, as amended by the Adoption of Resolution 4884 on November 24, 1958, the following described property: s Lots 9 and 11 of Blo.ck.440, 'Corona del Mar, as shown upon tote map recorded in Book 3, Pages 41 and,42 of miscellaneous... W ma s, records -of Orange County, C fornia, situated in the City of I ewport Beach, County of Orange, State of California. Said lots are located at 419 and 421 Narcissus and are each 30' in width and 118' in depth, Zone R -2. Notice is further given that sealed bids must be submitted to the City Clerk by 7:30 P.M. on December 22, 1958, and will bw.` publicly opened at a City Council Meeting in the City..Council Chambers at 7:30 P.M. on December 22, 1958. Additional information may be obtained from the City Clerk's Office, including information .. as to procedure for submitting oral bids at the time of the sale. CITY CLERK MARGERY SCHROUDER NOVEMBER 24, 1958. z i AFFIDAVIT OF PWING CITY OF NE;IPORT BEACH STATE. OF CALIFOF4NIA) ) ss: COUNTY OF ORANGE ) I, J!,, "Sa being duly sworn, depose and say: That on theQSIM day of lgg, at P.i; . , I posted Notice of Publ' c H� 4 arr}g regding No , n accordance with Ordinance No. 635, Seca of the Municipal Code of the City of Newport Beach, on the following described property: Legal I f Name of Poste Subscribed-and sworn to before me_this �t4 day of 19 S& Notary Public in and'for said County and`?tate. f AFFIDAVOOF POSTING CITY OF NEWPORT BEACH STATE OF CALIFORNIA) j ss: COUNTI OF�B�AN , S I,k �� , being duly sworn, depose and say: ,,CCThat on then S� day of , 17-',, at 3i19 —P.A., I posted Notice of Public Hearing regarding n--pp--•� � 't87S �eca.MenS No., in accordance with Ordinance No. 635, Section of the Municipal Code of the City of Newport Beach, on the following described property: Legal Addre Name of Poser Subscribed "and sworn to befor sne- thi s 7,.4 a day o f Notary- ublic in and for said County and State. AFFIDAVIT OF PUBLICATION Newport Harbor ENSIGN STATE OF CALIFORNIA j County of Orange j • ------ --------' ARVO E. HAAYA ------- being first I------°---------- .......................... duly sworn, and on oath depose and say that I am the printer and publisher of the Newport Harbor Ensign, a weekly newspaper printed and published in the City of Newport Beach, County of Orange, State of California, and that the........ NOTICE OF SALE ....................... .... - ................. - ... .................................. of which copy attached hereto is a true and complete copy, was printed and published in the regular issue(s) of said newspaper, and not in a. supplement, ...... a ...... . consecu- tive times: to-wit the Issue(s) of Nov. ... 6-x .... 13,::,20 r_ 19.5.8 (Signed)..�-'� Subscribed and sworn to before me this. 21st -- y o f - KAU�mb�r........ 19- 58 _.,.. o - and for - !No Public and. for the County of Orange, State of Cadornia. .z: =. _ice 'IMovember 6 1 and 20 T E 4 NOTICE 0 NOTICE OF SAL" *Ace is hereby I.VA --n* _that_-the of Newport p­^ch offers fn, iii accordance 'v7ith ... Evyj _iit. ion b875 adopted by the Ci v Council of th", City of Ne�•Port Peach on October W,I, 'I-958)N the following descri.T­? T,t 9 and 11 Coronq Tlel Mar, as shy .,711 upon thC man record i in Tinol, 3 P_­,es 41 nnO A? of -n' 4 - scell.-qneous maps, records of Orange County, California, situated in the City of N-_Tinort Beach, County of 0­ nge, State of 0. , -1 if orpla. Said lots are loc-ated a.t LIQ 0 A "11 T' �rcissus end -ire each 301 in 1.Adtb 1181 in depth, Zone ATA:. P -2. Notice is further --i-ven that sealed bids must he submitted to th� rit— Clerk by 7:30 P.M. on ?.4, 1958, and 7111 b- -ublicly opened at a.City !7nunc.4-1 --faeting in the City r7­7ncil Chn,mbers at 7:20 P.M. on-4ov_embar -21ti-, 1958-/ additional information m�v be obtained from the riry Clerk's Office. inclt)Oin�_, infor7..-ti.on ns to procedur- Frr 1 .1 - submittin.7 oral Ws at the time of the 1.95£x. avember 3. 1958 Hr. Hatt LaBorde,, President Ne art Harbor Board of Realtors Nerth Newport Boulevard Newport Beach,, California Dear Mr, LaBorde: The cooperation of the Newport ljerbor..'. Board of Realtors in assisting the City to evaluate City-owned property, was greatly appreciated. The Council requested that I write you mid thank you for the evaluations submitted for the Corona del Harlots, the 4.8 acres and the 88 acres located in Huntington Beach, and the three vacant lots on 54th Street in the River Section of Newport Beach, JBS/M/e Sincerely, James B. Stoddard mayor N "rani a#"&n Bocd of Rea&au 401 N. NEWPORT BLVD., NEWPORT BEACH, CALIF. TELEPHONE MldwDy 6 -1671 V tober 24, 1958 I- 6 BOARD OF DIRECTORS MATT LA SORDE PRESIDENT WM. C. FISHER SECRETARY.TREASURER ART F. ADAIR THOMAS E. COX ROST. GOOSSEN ART C. KISTLER RALPH P. MASKEY JACK MULLAN RUTH PAROOLL LOTS VOGEL FAREL WALKER. E%EC..SECY. 1 v M Mr. Charles E. Hart, Councilman City of Newport Beach Re: Residential Lots Corona del Mar City Hall Lots 9 and 11 Block 440 Newport Beach, California Dear Charles: A market evaluation was made on the above Corona del Mar Lots by three Corona del Mar Realtors. It is their opinion that a readily saleable price for these would be $8,000 each or $16,000 for the two. Let us know when we can be of any service to you. NE ORT HARB BOARD OF REALTORS att LaBorde, resident- ML:f To: From: Subject: 0 L1'.'Y "TTORNLY City Clerk City Attorney November 3, 1958 Letter from Dorothy Harry Furnace re Lots 9 _nd 11, flock 440,9 Co.- del Mar Forwarded with this memorandum is a letter from Mrs. Furnace, the Honor of the subject lots. In this letter she indicates her approval of tic_ City's using the proceeds from the ale of the lots either for the con- struction or ftrn_shing of the proposed library build- ing'. It is suggested that the letter be filed along with the original copy of the contract and the deed of those two lots to the City. G:�41C : mec i1C8 . cc - city Manager Walter W. Charamza City !t ttorney C City of Newport Beach 3300 Newport Boulevard Newport Beach, California Gentlemen: October 31, 1958 Re: Lots 9 and 11, Block 440, Corona del Mar It is my understanding that the City of Newport Beach intends to sell Lots 9 and 11, Block 440, Corona del Mar, conveyed to the City by me pursuant to the agree- ment between us dated October 14, 1957, and that the City desires to use the proceeds of the sale for the construction or furnishing of a library building on property now owned by the City in the immediate neigh- borhood of the 400 Block on Marigold and Narcissus, Corona del Mar, in the City of Newport Beach. 0 P Y My purpose in writing this letter is to express my ap- proval of the use of the proceeds from the sale of those two lots for either helping to pay the cost of construction or for the furnishing of the proposed library building, and the City's obligations under the contract are hereby modified to this extent. However, it is definitely understood that the proceeds derived from the sale of these two lots will be used only for defraying the cost of construction, or for the furnishings of the proposed library building, and for no other purpose. This modifies only paragraph 2 of the contract, and all other obligations of the City remain in full force and effect. Very truly yours, Dorothy Harry Furnace /s/ Dorothy Harry Furnace JBS: em 11 -24 -58 SALE OF SURPLUS PROPERTY PUBLIC AUCTION PROCEDURE In order to conduct proceedings fairly and without prejudice to any bidder, certain procedures must be followed. The Mayor shall be the Chairman and shall conduct the auction pursuant to the resolution authorizing the sale of the surplus property. Rulings of the Mayor on procedural matters shall be final unless they be immediately appealed to the City Council. Such appeal may be taken by asking to be heard on a °'point of order ". The Mayor shall then inter- rupt the proceedings until the matter is settled by ruling of the City Council, after which proceedings shall be continued. Persons desiring to speak from the floor, unless they are bidding, shall stand and wait to be recognized unless they rise to a "point of order" and if so, they shall so state upon arising. Persons desiring to make an oral bid from the floor shall raise their hand and show their deposit receipt, and upon being recognized, shall state the receipt number, their last name and the bid. The Mayor will repeat the bid, bidder's name and receipt number after each bid. Oral bidding from the floor shall be by qualified persons only, i.e., persons having previously submitted a sealed bid, or persons having made a deposit as specified in the resolution authorizing the sale. Opening the proceedings. The Mayor will give a brief description of the property to be sold, information on publication of notices, the resolution number authorizing the sale and shall ask if all sealed bids are in the hands of the City Clerk. Sealed bids procedure. The Mayor will open all sealed bids and announce the bidder s n' amp amount bid. The Mayor may designate a committee composed of the City Manager, the City Attorney and the City Treasurer to examine the bids for items specified in the resolution. This committee shall then take all sealed bids, examine them and report back to the Mayor upon completion of their duty. While the committee is studying the bids, the Mayor may continue the regular Council business until the committee is prepared to report. Result of sealed bids. The Mayor shall announce the highest sealed bid, giving t e name of buyer and the name of the broker, if any. The Mayor shall then read a list of persons qualified to bid from the floor by reason of submitting proper sealed bids and these persons shall be given a receipt. The Mayor shall ask that anyone wishing to make an oral bid, who has not submitted a sealed bid shall deposit with the City Treasurer immediately a certified or cashier ;s check or cash for 15% of the minimum bid specified in the resolution. Persons submitting such certified or cashier's check or cash shall be given a receipt. All such persons holding receipts shall then be qualified to join in the oral bidding. Bidding from the floor. The Mayor shall open the bidding from the floor, rst� announcing the amount of the minimum acceptable oral bid (the first oral bid must exceed the highest sealed bid by '10 %). During oral bidding, a committee composed of the City Clerk, the City Manager, the City Attorney and the City Treasurer shall record such oral bids as they are repeated by the Mayor. Award of high bid. after bidding ceases, the Mayor shall announce the g est i , the name of the bidder, the name of the broker, if any, and shall declare the property sold, subject to the approval of the City Council. If in order, the Council shall, by motion accept the highest bid, order the property sold, and direct the City Attorney to complete the sale. By Council motion, unsuccessful bidders' deposits shall be ordered returned upon presentation and signing of receipt previously issued. During these proceedings, the City Treasurer shall have final responsi- bility and accountability for deposits, receipts, return of deposits and collection of receipt. December 2, 1958 A. G. Fischer Realty 6 Investment 203k East Los Feliz Road Glendale 5, California Dear Mr. Fischer: The Council of the City of Newport Beach on November 24, 1958, adopted Resolutions numbered 4884 and 4885 declaring certain City -owned property surplus and establishing the procedure for sale thereof. I am enclosing copies of said resolutions. MS: em Enc. Yours very truly, Margery Schrouder City Clerk City of Newport Beach • og. y 7i5,efiez c�Ea�tt� & _qnvsstmEnt HOMES INCOME PROPERTY RANCHES EXCHANGES OFFICE 20355 E. LOS FELIZ ROAD CITRUS 3-7244. GLENDALE 5. CALIF. November 21,1998 Mr Robert Shelton ( City Manager ) 3300 W. Newport Blvd, Newport Beach, California. Dear Mr Shelton; RESIDENCE CITRUS 4.7OB4 Thank you for your letter of October 17 and also the inconvenience I have caused you. Am interested to know if The City Council has declared the parcels of land surplus that my client is interested in. Hoeing to hear from you at your earliet convenience, I = wr;:ain. Yours Truly, THIS STATEMENT IS .BASED UPON INFORMATION BELIEVED TO BE CORRECT AND IS OBTAINED FROM SOURCES REGARDED AS RELIABLE BUT NO LIABILITY IS AS- SUMED FOR ERRORS OR OMISSIONS THEREIN. IT IS SUBMITTED WITH THE UNDERSTANDING THAT ALL .OFFERS WILL BE SUBMITTED THROUGH A. G. FISCHER REALTY. 203 EAST 'LOS FELIZ ROAD. GLENDALE B. CALIFORNIA WWC•mec 11/26/58 (12) RESOLUTION NO. 4884 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE SALE OF CERTAIN REAL PROPERTY AND SETTING OUT THE PROCEDURE FOR ITS SALE WHEREAS, the City has title to the real property herein- after described; and WHEREAS, it appears that there is no present or prospec- tive need for said property and it would, therefore, be in the best interests of the City to sell the same under the following terms, procedure and conditions; NOW, THEREFORE, BE IT F.ESOLVED that the City Council . hereby finds, determines, resolves and orders: Section 1. Surplus Property - Description. The City Council hereby finds and determines that the hereinafter described City -owned real property is surplus property and there is no present or prospective need for it. Lots 9 and 11 of Block 440, Corona del Mar, as shown upon a map recorded in �- book 3, pages 41 and 42 of Miscellaneous Maps, Records of Orange County, California, situated in the City of Newport Beach, County of Orange, State of California. j f:3 r Section 2. Sealed Bids - Deposit. Said property is hereby offered for sale and bids therefor are invited under the procedure of sealed bidding and public auction as hereinafter set out. The City Council will consider any bids for the sale of said property. Each bid must be sealed and submitted to the City Clerk by 7:30 P.M. on December 22, 1958. Each bid must be unconditional and must identify the land described herein for which it is sub- mitted, and be accompanied by a deposit of cash or a certified or cashier's check payable to the City equal to teen per cent (107.) of the bid to guarantee that if the City accepts the sealed bid or an oral bid made at the auction by the bidder said bidder will complete the purchase and within thirty (30) days pay the amount of his bid i • that was accepted by the City. The deposit or check of the suc- cessful bidder shall be applied to the purchase price. All others shall be returned to the bidders. Failure of the successful bidder to complete the purchase and pay as above required shall result in forfeiture of the deposit to the City. Names of bidders shall not be disclosed until the bids are opened. Section 3. Opening Bids - Public Auction. The sealed bids shall be opened and publicly announced at a City Council meeting in the City Council Chamber at 7:30 P. M. on December 22, 1958. The Mayor shall conduct the auction and shall announce the name of the highest bidder on the sealed bids and shall then call for oral bids. Each person who has submitted a qualified sealed bid accompanied by a cash deposit or check as required may make oral bids on the land for which he has submitted a sealed bid. Before making an oral bid, any person who has not submitted a qualified sealed bid must submit a cash deposit or certified or cashier's check equal to fifteen per cent (15%) of the high sealed bid on the parcel on which such person wishes to make oral bid. To be considered, the first oral bid must exceed the high sealed bid by ten per cent (1070) of the amount of such high sealed bid. Upon receiving the highest bid obtainable from a quali- fied bidder, the Mayor shall declare the property sold to the bid- der making the bid subject to approval of the City Council. Section 4. Withdrawal from Sale. The City Council reserves the right to reject any and all bids or to withdraw the property or any interest therein from sale at any time. Section 5. Deed - Title Insurance - Internal Revenue Stamps. Upon completion of the sale and payment of the amount of the bid, the City will execute a grant deed to and furnish at its expense a standard owners policy of title insurance in the amount of the successful bid showing title vested in the party or parties designated by the successful bidder subject to taxes, assessments - 2 - and similar burdens and to covenants, conditions, restrictions, reservations, rights, rights of way and easements, if any. The City will not pay for recording or the cost of Internal Revenue stamps. Section 6. Inability to Convey. If the property cannot legally be sold by the City or the City is unable to convey mar- ketable title within a reasonable time after the date of sale, the sale shall be void and deemed mutually cancelled, and any price paid or deposit made shall be refunded and no liability of the City shall exist or arise from such cancellation. Section 7. No Warranty. No warranty is made or intended by any statement in this resolution or the notice of sale or other- wise with respect to location, size, zone or utility of any prop- erty or interest therein which is sold or offered for sale. Section 8. Notice of Sale - Publication. The City Clerk shall prepare a notice of sale setting out the location, description, zone and approximate size of the parcel or parcels of property being offered for sale, the date, place and time the bids will be received and opened and the fact that additional in- formation may be obtained from the City Clerk's office. The notice shall be published once a week for three (3) auccessive weeks and copies shall be available in the Clerk's office and copies will be mailed by the City Clerk upon request. Section 9. Commission. Payment of a maximum total com- mission of five per cent (57.) of the sales price shall be paid to the real estate broker or brokers entitled thereto, if any, under the following conditions: (a) The property must be actually sold and the sales price paid to the City. (b) Only licensed real estate brokers shall be eligible to be paid a commission. (c) A sealed bid upon which a commission is to -3- be claimed shall so state and shall name the broker who has obtained the bid on behalf of the City and has thereby established eligibility for the commission or a share of it. (d) A person making a deposit of fifteen per cent (15 %) by cash or check as permitted in Section 3 hereof may at the time of submitting such deposit name the broker who has obtained the bidder and has thereby es- tablished eligibility for the commission or a share of it. (e) The real estate broker, if any, named in the highest qualified sealed bid shall receive two and one -half per cent (2k %) of the amount of such bid as commission. (f) The real estate broker, if any, named in the sealed bid or the real estate broker, if any, named with the deposit of fifteen per cent (15 %) submitted by the bidder to whom the property is sold shall receive that portion of the total commission not paid under (e) above. This resolution was adopted by the City Council of the City of Newport Beach at a regular meeting on the 24th day of November, 1958, by the following vote, to wit: AYES, COUNCILMEN: Hart, Lorenz, Somers, Kingsley, Atkinson, HiQbie, Stoddard NOES, COUNCILMEN: None ABSENT COUNCILMEN: None ATTEST: /s/ Margery Schrouder Cr_ Clerk /s/ James B. Stoddard Mayor - 4 - AFFIDAVIT OF PUBLICATION Newport Harbor ENSIGN STATE OF CALIFORNIA I ss. County of Orange I . ........:.....- --' --- r i....................._.. being first duly sworn. and on oath depose and say that I am the printer and publisher of the Newport Harbor Ensign, a weekly newspaper printed and published in the City of Newport Beach, County of Orange. State of California, andthat the ............... . on.........._.... --'-- --....-.':;7 ---.........:.................. ......................................................... ............................... of which copy attached hereto is a true and complete copy, was printed and published in the regular issue(s) of said newspaper, and not in a supplement......_ 1...... Lbnsecu- tive times: to -wit the issue(s) of Pit. 25, ........................................... ,r (Signed). -... Subscribed and sworn to before me this.... day of Mary Publy in and f r the,; County of Orange, State of California. A* mm-- - .. .. 15, lg*: hearing on October 14, is 7:30 P.M. or as soon thei as the matter can be heard.. Cpuncil Chambers . of the Hall of said city for the p) of .determining whether c the . following described owned property. and of owned property is sure may be disposed of by lease: A'parcel of agricultu located at the southeastV of Wright St. and AdamsIM the City of Huntington This parcel has a fron '2640 feet on Wright St. a feet on Adams St and db: approximately 88 acres. `' A parcel of land located', easterly side of Bnshard 5 proximately 2Q0 feet :sou of Hamilton S {`.. in tljg Huntington Beaclz TJ11 has a frontage of 440- "-& Bushard.. is 475 feet in dept contains - approximately 4.8 CITY CLERK OF 1 C1Ty OF NEWPORT the not e of 1702,' a ~ V,,\ H o� Cfj CITY OF NEWPORT BEACH PUBLIC WORKS DEPARTMENT �� m L �� t . INVENTORY OF CITY OWNED PROPERTY THAT MIGHT BE SO] The following described properties are shown on a map available for V G inspection at the Office of the Public Works Director. qy fvv✓✓p'� If the City Council authorizes the sale or lease of any of these pro- perties it is intended that public bidding procedure, similar to that used by the State of California, will be followed. j h 1. A parcel of agricultural land located at the southeast corner of Wright Street and Adams Street in the City of Huntington Beach. This parcel has a frontage of 2640 feet on Wright Street and 1702 feet on Adams Street and v contains approximately 88 acres. (Land on which the City's water wells are located, and now under agricultural lease.) y 1 -a A parcel of land located on the easterly aide of Bushard Street approxi- mately 200 feet southerly of Hamilton Street in the City of Huntington Beach. This parcel has a frontage of 440 feet on Bushard, is 475 feet in depth and contains approximately 4.8 acres. (Land on which the City's water pumping plant is located.) '11__2., A parcel of land lying easterly of and adjacent to Orange County Flood Control )jL� i Greenville Channel, and approximately 900 feet northerly of the State High - .^)� �;.� way. This parcel is 660 feet by 480 feet and contains approximately 7.27 6 % acres. It has no frontage on a public thorofare and access to it is over a 40 foot wide easement which extends from a point opposite 57th Street on - -� e � the State Highway to the parcel. (This is the site of the abandoned Sewgge''� �V D Disposal Plant.) 3. Various Lots on River Avenue . ". Lot No. Block No. `r ,River Section Size rd ♦vy BUG �00V� 8 54 122 x 155 7 53 i " 30- x 145 f 7 51` 4 n 30x218 J 8 51 v • �� 30 30 x 222 v 10 50 " 30 x 225 !lf 11 50 \ / 30 x 225 12 50 v " 30 x 225 14 48 30 x 242 These are tax lots and action is now being taken to quiet t Pre saleable at tbbjs-Aime. 40%101 all C� V i l i Inventory of City Owned Property That Might Be Sold or Leased, Cont'd Page -2- 4. A Parcel of land on the northerly side of Balboa Blvd. between the Girl Scout House and the Edison Co. Sub- Station, having a frontage of 638.75 feet on Balboa Blvd., a depth of 100 feet, and containing approximately 1.46 acres. 5. An irregular shaped parcel of land on Newport Blvd., at 28th Street having a frontage of 285 feet and average depth of 125 feet, and containing approximately .82 acres. (This is the former location of the City Water Dept.) 6 & 7. Waterfront tax lots which could be leased subject to vote of the people. 1. Lot 6, Block 342, Canal Section, 30' x 100' 2. Lot 4, Block 434, Canal Section, 28.57' x 100' 8. Residential Lots in Corona del Mar. Lots 9 and 11 of Block 440, Corona del Her. These lots are fronting on Narcissus being each 30' in width x 118' in depth. Corrected 10/10/58 CITY OF NEWPORT BEACH PUBLIC WORKS DEPARTMENT INVENTORY OF CITY OWNED PROPERTY THAT MIGHT BE SOLD OR The following described properties are shown on a map available for inspection at the Office of the Public Works Director. If the City Council authorizes the sale or lease of any of these pro- perties it is intended that public bidding procedure, similar to that used by the State of California, will be followed. 0A parcel of agricultural land located at the southeast corner of Wright Street and Adams Street in the City of Huntington Beach. This parcel has ti =` a frontage of 2640 feet on Wright Street and 1702 feet on Adams Street and contains approximately 88 acres. (Land on which the City's water wells are y located, and now under agricultural lease.) +� Cl' ajA parcel of land located on the easterly aide of Bushard Street approxi- mately 200 feet southerly of Hamilton Street in the City of Huntington 7 Beach. This parcel has a frontage of 440 feet on Bushard, is 475 feet in depth and contains approximately 4.8 acres. (Land on which the City's water pumping plant is located.) 2. A parcel of land lying easterly of and adjacent to Orange County Flood Control Greenville Channel, and approximately 900 feet northerly of the State High- way. This parcel is 660 feet by 480 feet and contains approximately 7.27 acres. It has no frontage on a public thorofare and access to it is over a 40 foot wide easement which extends from a point opposite 57th Street on the State Highway to the parcel. (This is the site of the abandoned Sewage Disposal Plant.) 3. Various Lots on River Avenue Lot No. Block No. 8 7 7 8 7 10 11 12 14 54 53 51 51 50 50 50 50 48 These are tax lots and action is now being taken to quiet title. Not all are saleable at this time. River Section Size it 122 x 155 to 30 x 145 (16.,,,_�.,.,,�; It 30 x 218 It 30 x 218 to 30 x 222 it 30 x 225 of 30 x 225 It 30 x 225 it 30 x 242 These are tax lots and action is now being taken to quiet title. Not all are saleable at this time. Inventory of City Owned Property That Might Be Sold or Leased. Cont'd Page -2- 4. A parcel of land on the northerly side of Balboa Blvd. between the Girl Scout House and the Edison Co. Sub - Station, having a frontage of 638.75 feet on Balboa Blvd., a depth of 100 feet, and containing approximately 1.46 acres. 5. An irregular shaped parcel of land on Newport Blvd., at 28th Street having a frontage of 285 feet and average depth of 125 feet, and containing ap- proximately .82 acres. (This is the former location of the City Water Dept.) 6 & 7. Waterfront tax lots which could be leased subject to vote of the people. 1. Lot 6, Block 242, Canal Section, 30' x 100' 2. Lot 4, Block 434, Canal Section, 28.57' x 100'.