HomeMy WebLinkAbout3046 - Sale of Property to Harry Pealt
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RESOLUTION NO.2 OPvto
WHEREAS, Harry Peale, a single man, has this day
offered to the CITY OF NEWPORT BEACH, the sum of $425.00 for
Lot 5, Block 432, Corona del Mar, in the City of Newport Beach,
as shown on a Map recorded in Book 3, pagss 41 and 42 of Miscel-
laneous 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 $425.00; and
WHEREAS the price offered is gust, 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 Harry Peale, a single man, for the sum of $425.00,
free and clear of all encumbrances, subject to the taxes for the
fiscal year 1944 -45. 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
the said property to the said party upon receipt of the considera-
tion above set forth.
BE IT FURTHER RESOLVED: That the sum of $50.00 be
paid to W. J. Holcomb, as and for his commission for the negotia-
tion of the sale of said real property to the said Harry Peale,
a single man, the said bum being a fair and reasonable commission
-allowed in said sale, said broker being a licensed realtor in the
JCity of Newport Beach.
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4L
I HEREBY CERTIFY that the foregoing Resolution.was
duly and regularly passed and adopted by the City Council of the
City of Newport Beach, at a regular meeting thereof held on the
5th del of June, 1944, by the following vote, to -wit:
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A Y , COP- 21: A' ITT STANLEY
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11ii.I:T% C�3au:LC! °�Pd: NONE
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