HomeMy WebLinkAbout1530 - Sale of Property to Jay & Arlene Elam1
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RESOLUTION No._
WHEREAS, JAY S. ELAM and ARLENE ELAM, husband and wife,
have this day offered to the CITY OF NEWPORT BEACH, the sum of
$275.00 for Lot 88, Tract No. 948, in the city of Newport Beach,
as shown on Map recorded in Book 30, page 7 of Miscellaneous Maps .
records of Orange County, California; and
WHEREAS, the said price is a fair and adequate price
as and for the purchase price of said lot; and
WHEREAS, the City Council of the City of Newport Beach
deems that it is for the best interests of said City that said
property be sold for the said sum of $275.00; and
WHEREAS, the price offered is just, fair and adequate
and is not disproportionate to the real value of the property
above described.
NOW, THEREFORE, BE IT RESOLVED: That said property be
sold to the said Jay S. Elam and Arlene Elam, husband and wife,
for the sum of $275.00, free and clear of all encumbrances,
subject to the taxes for the fiscal year 1939 -40, and unpaid
improvementi�assessments of record. Also subject to conditions,
restrictions and reservations of record. The Mayor and the
City Clerk are hereby authorized and directed to execute and
deliver a deed for said property to the said parties upon receipt
of the consideration above set forth.
BE IT FURTHER RESOLVED: That the sum of $27.50 be
paid to Harry Hyde, as and for his commission for the negotiating
of the sale of said real property to Jay S. Elam and Arelen Elam,
his wife, as joint tenants, said sum being a fair and reasonable
commission to be allowed in said sale, and said broker being a
licensed realtor of the City of Newport Beach
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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 an adjourned
regular meeting thereof held on the 25th day of February, 1939,
by the following vote, to -wit:
AYES, COUN ILMEN,(4- l,`a1re"
_ rny� Y`►��l�a�beri•
NOES, COUNCILMEN:�4
ABSENT, COUNCILMEN:
A
ty Clerk a"-ity Beach