HomeMy WebLinkAbout2258 - Sale of Property to Edwin & Katherine Reynolds1
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RESOLUTION NO."
WHEREAS, EDWIN A. REYNOLDS and KATHERINE B. REYNOLDS,
husband and wife, have this day offered to the CITY OF NEWPORT
BEACH, the sum of $250..00 for Lot. 64, Tract 682, Corona del Mar,
in the City of Newport Beach, as shown on a Map recorded in
Book 20 page 19 of Miscellaneous Maps, redords 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 $250.00; 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 Edwin A. Reynolds and Katherine B. Reynolds,
husband and wife, for the sum of $250.00, free and clear of all
encumbrances, subject to the taxes for the fiscal year 19+1 -42,
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 $612,50
be paid to Gerald W. Ritchie, as and for his commission for
the negotiating of the sale of said real property to Edwin A.
Reynolds and Katherine B. Reynolds, his wife, as joint tenants,
said sum being a fair and reasonable commission to be allowed
in said sale, and said broker being a licenses realtor of
the City of Newport Beach.
4P
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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 19th day of May 1941, by the
following vote, to —wit:
TEST:
City Clerk
REED GC 5..'
;ROwN GORDON
NUKE
im; 6dON�
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