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HomeMy WebLinkAbout480 - Lew H Wallace Purchase0 • • ORDINANCE NO. 480 WHEREAS, Lew H. Wallace, of the City of Newport Beach, Cali- fornia, has offered to purchase from the City of Newport Beach, California, a municipal corpora- tion cf the sixth class of Orange County, California, all that cer- tain real property situated in the City of Newport Beach, County of Orange, State of California, and more particularly described as follows, to -wit: , Lot Block 8, 10 and 11 230 11 and 12 13 12, 16 and 17 14 7 23 3, 4 and 16 24 under an agreement or option toy purchase, at the prices and on the terms and under the conditions particularly set forth in said agreement or option to purchase, which said agreement or option is now on file In the office of the City Clerk of the City of Ncwport Beach, where the same may be inspected by all persons interest- ed therein: and WHEREAS, it is the opinion and ' udgmcnt of the City Council of the City of Newport Beach that the considerations offerer by said Lew H. Wallace, for the purchase of said real property is in all re=pcets fair, just and adequate eni' that the best interests of said City of Newport Beach will be served by the execution and de- Ivery of said agreement or option to purchase said real property, by the said Lew 13. Wallace from the City of Newport Beach; and WHEREAS, it is likewise the opinion and judgment of the City Council of the City of Newport Beach that said agreement or option to purchase by said Lew H. Wallace, of all of said property upon the terms, conditions and covenants set forth in said agree - want or option to purchase, be executed by the City Council of the City of Newport Beach, within ten days from and after the time this ordinance shall take effect. NOW, THEREFORE, BE IT RESOLVED: That the public be notified through publication of this ordinance, of the intention of the City Council of the City of Newport Beach, to execute said agreement or option to .purchase; and to sell the real property in this ordinance described to the said.Lew H. Wallace, for the con- siderations in said agreement mentioned, and upon the terms and covenants thereof; and Tract Lancaster's Addition First Add. to Newport Heights First Add. to Newport Heights First Add.,, to Newport Heights First Add. to Newport Heights BE IT FURTHER RESOLVED: that, the City Clerk of the City of Newport 'Beach shall cause this ordinance to be published once in NEWPORT BALBOA NEWS - TIMES, a newspaper of general circulation, printed, published and circulated in the City of Newport Beach, and ' that this ordinance shall take effect and be in full force and effect thirty days after its passage. L hereby certify that the above and foregoing Ordinance was in- troduced at an adjourned regular meeting of the City Council of the City of Newport Beach, held on the 12th day of December, 1938, and was finally passed and,adopt- ed on. the 16th day of January, 1939, by said City Council, at an adjourned regular meeting there- of, by the following vote, to -wit: AYES, Councilmen: Gordon, Claire, Whitson, Brown, William- son. ' NOES, Councilmen: • None. ABSENT: Councilmen: None. ATTEST: FRANK L. RINEHART, City Clerk. The above ordinance approved by me this 16th day of January, 1939. HARRY H. WILLIAMSON, Mayor, City of Newport Beach. Pub. Jan. 19. 1939.