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HomeMy WebLinkAbout1426 - Sale of Property to J Hoyt Underhill�Lk �1 1 RESOLUTION NO.1 �r 2 WHEREAS, J. HOYT UNDERHILL, a single man, has this day 3 • offered to the CITY OF NEWPORT BEACH, the sum of $300.00 for 4 Lots 6, 9 and 10g Block 335, Corona del Mar, in the City of 5 Newport Beach, as shown on Map recorded in Book 3, pages 41 and 6 42 of Miscellaneous Maps, records of Orange County, California; an 7 WHEREAS, the said price is a fair and adequate price 8 as and for the purchase price of said lot; and 9 WHEREAS, the City Council of the City of Newport Beach 10 deems that it is for the best interests of said City that said 11 property be sold for the said sum of $300.00; and 12 WHEREAS, the price offered is just, fair and adequate 13 and is not disproportionate to the real value of the property 14 above described. 15 NOW, THEREFORE, BE IT RESOLVED: That said property 16 be sold to the said J. Hoyt Underhill, a single man, for the sum 17 18 of $300.00, free and clear of all encumbrances, subject to the taxes for the fiscal year 1939-39, and unpaid improvement assessments 19 of record. Also subject to conditions, restrictions and reservatio e 20 of record. And the Mayor and the City Clerk are hereby authorized 21 and directed to execute and deliver a deed for said property to 22 the said party upon receipt of the consideration above set forth. 23 BE IT FURTHER RESOLVED: That the sum of $30.00 be 24 paid to Gerald W. Ritchib, as and for his commission for the 25 negotiating of the sale of said real property to J. Hoyt Underhill, 26 a single man, said sum being a fair and reasonable commission to 27 be allowed in said sale, and said broker being a licensed realtor 28 of the City of Newport Beach. 29 30 31 32 L] 1 2 3 4 5 6 7 8 9 10 11 12 13 X54.. =15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 b I hereby certify that the above and foregoing Resolution was duly and regularly passed and adopted by the City Council of the City of Newport Beach at a regular meeting thereof, held on the 4th day of October, 1938, by the following vote, to -wit:_ / r _ NOES, COUNCILMEN: \6TIQ , ABSENT: COUNCILMEN: 1Atn ., Jerk ayor City of Newport Beach