HomeMy WebLinkAbout2823 - Sale of Property to W Arthur & Catherine Farrar•
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RESOLUTION
WHEREAS, W. ARTHUR FARRAR and .CATHERINE FARRAR, husband
and wife, have this day offered to the CITY OF NEWPORT BEACH, the
sum of $1925.00 for Lots 5, 7, 14 and 16, Block 539; Lots 6 and
9, Block 639; and Lot 11, Block 739, all in 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 County,
California; and
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 sum of $1925.00; 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 W. Arthur Farrar and Catherine Farrar, husband
and wife, for the sum of $1925.00, free and clear of all encum-
brances, subject to the taxes for the fiscal year 19$3 -44. 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 partie
upon receipt of the consideration above set forth.
BE IT FURTHER RESOLVED: That the sum of $456.25 be
paid to W. J. Holcomb, as and for his commission for the negotiati
of the sale of said real property to W. Arthur Farrar and Cathtrin
Farrar, 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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Z hereby certify that the above and foregoing Resolution
was duly and regu]Brly passed and adopted by the City Council of
the City of Newport Beach at a regular meeting thereof held on the
2nd day of August, 1943, by the following vote, to -wit:
ALLEN
7, �....._...._.q. Wii
A ^:. '
ayor of ti`ie' City of Newport Beach