HomeMy WebLinkAbout2883 - Sale of Property to Reid & Ethel Sheparde
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RESOLUTI ON NO
WHEREAS, REID S. SHEPARD and ETHEL MAY SHEPARD, husband
and wife, have this day offered to the CITY OF NEWPORT BEACH, the
sum of $275.00 for Lot 2, Block 39, Third Addition to Newport Bea
in the City of Newport Beach, as shown on a Map recorded in Book 3,1
page 31 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 _Pirty of Newport Beach
deems that it is for the best interests of said City that said
property be sold for the said sum of $275.00; 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 Reid S. Shepard and Ethel May Shepard, husband
and wife, for the sum of $275.00, free and clear of all a ncumbrancee
subject to the taxes for the fiscal year 1943 -44. Also subject
to conditions, restrictions and reservations of record. The Mayor
and the City Clerk are hereby authorized and directed to execute
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 $50.00 be paid
to H. M. Lane, as and for his commission for the negotiating
of the sale of said real property to Reid S. Shepard and Ethel May
Shepard, 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 7th day of September, 1943, by the following vote, to -wit:
A
71+:
ISBFIL RHO
NOWE
N OWS
HAUL
ayol r of th ity of Newport Beab