HomeMy WebLinkAbout2810 - Sale of Property to OB & Frances Reed1
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RESOLUTION NO -Is i D
WHEREAS, 0. B. REED and FRANCES M. REED, husband and wife
have this day offered to the CITY OF NEWPORT BEACH, the sum of
yJ650.00 for Lots 16 and 18, Block 430, Corona del Mar, in the City
of Newport Beach, as shown on a Map recorded in Book 3, pages 41
and 42 of Miscellaneous Maps, records of Orange Eounty, California;
and
WHERFA9, 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 sum of $650;.00; and
WHEREAS, the price offered is just, fair and adequate
and Is not disproportionate to the real value of the property
labove described.
NOW, THEREFORE, BE IT RESOLVED: That said property be
sold to the said 0. B. Reed and Frances M. Reed, husband and wife,
for the sum of 0650.00, free and clear of all encumbrances, subject
to the taxes for the fiscal year 1943 -44. Also subject to condit-
ions, 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.
BF IT FURTHER RESOLVED: That the sum of $162.50 be paid
to Ralph P. Maskey, as and forhis commission for the negotiating
of the sale of said real property to 0. B. Reed and Frances M. Res
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
I hereby certify that the above and foregoing Resolution
was duly and regularly passed and adopted by the City Council of
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the City of Newport Beach at a regular meeting thereof held on the
5th day of July, 1943, by the following vote, to -wit:
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