HomeMy WebLinkAbout1779 - Sale of Property to Earl & Effie LeeU
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RESOLUTION NO 114
WHEREAS, EARL K. LEE and EFFIE A. LEE, husband and wife;
have this day offered to the CITY OF NEWPORT BEACH the sum of
$675.00 for Lots 2-.and 4, Block'240, Corona del Mar, in the city
of Newport Beach, as shown on Map recorded in Book j, pages 41
and 42 of Miscellaneous Maps, records of Orange County, California
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WHEREAS, the said price is a fair and adequate price as
and for the purchase price of said lots; and
WHEREAS, the City Council of the City of Newport Beach
deems that it is for the best interests of said City that said
property be sold for the said arum of $675.00; 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 Earl K. Lee and Effie A. Lee, husband and wife,
for the sum of $675.00, free and clear of all encumbrances,
subject to the taxes for the fiscal year 1940 -41 and unpaid
improvement assessments of record. Also subject to condttions,
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 $67.50 be
paid to Frank L. Andrews, as and for his commission for the
negotiating of the sale of said real property to Earl K. Lee and
Effie A. Lee, 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 Resoluti
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 11th day of March, 1940 by the following vote, to -wit
AYES, COUNCILMEN: CORDON CLAIRE WHIMN
BROWN WILLIAIIISON
NOES, COUNCILMN: NONE
ABSENT, COUR-aLMEW NONE
Mayor of the City -of NewpoYt Beach'
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