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HomeMy WebLinkAbout2050 - Sale of Property to Edward Allen• 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 RESOLUTION NO. WHEREAS, EDWARD G. ALLEN, a single man and MARTHA J. ALLEN, a widow, have this day offered to the CITY OF NEWPORT BEACH the sum of $400.00 for the Northeasterly 20 feet of Lot 19, and the Southwesterly 20 feet of Lot 21,' in Block 1399' Resubdivision of Corona del Mar, as shown on a Map recorded in Book 4, page 67 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 $400.00; 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 Edward G. Allen and Martha J. Allen, for the sum of $400.00, free and clear of all encumbrances, subject to the second half of the taxes for the fiscal year 1940 -41 and unpaid improvement 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 $40.00 be paid to Earl W. Stanley, as and for his commission for the negotiating of the sale of said real property to Edward G1 Allen, a single man, and Martha J. Allen, a widow, 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. 1 2 3 4!, 5 6 7 8 9 10 11 12 13 M 16 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 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 16th day of December, 19400 by the following vote, to -wit: AYES, COUNCILMEN: REED CL►IRE BROWN CORDON NOES, COU ICIL €AEN: NONE ABSENT, COUNCILMEN: NONE _ .. of the City of Newpor