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CC RESOLUTION 705RESOLUTION 1�0. 705 RhSOLT TION OF' TEi, CI LY COUNCIL, CITY OF EL SEGUNDO, CALIFORNIA, ACCE'F'i'I G CASH BID OF' ADELIKE W. CATALANO, FOR CERTAIN CITY O',j!TED RLAL FHOPL?ay- VEIEREAS, the City of El Segundo, California, has heretofore instituted and is now prosecuting a general comprehensive program for the restoration of tax deeded properties within said City to a tax paying basis; Ar�D Ir?'LRrAS, said Council has, pursuant to said procedure as so established, caused to be given and published a notice of inten- tion to sell the interest of said City in certain of such tax deeded parcels, which said notice is designated as "Notice do. 3M of Inten- tion to Sell City of El Segundo Owned Real Property and Inviting Bids or Offers Therefor ", and which said notice was duly published in the E1 Segundo Herald in the issues of 'elay 20th, May 27th and June 3rd, 1943; AiD Kti."REAS, responsive to said notice the bid hereinafter specifically mentioned for t.e property hereinafter described was filed, and has been duly considered by this Council; AID 'INLRL,AS, tYis Council has reached a decision with refer- ence to the sale of said property; 10,d, '1T1LRhFORE, BE IT hLSOLVLD i�Y TFt, 0I1Y COD3•CIL OF TEL CITY OF bL SL.IUIFDO, as follows: First: That the particular property which is tl,e subject of this resolution and the sale therein contemplated, is located in the City of _L1 Segundo, County of Los Angeles, State of California, and is described, as follows, to -wit: The South 235 feet of the inorth 275 feet of Lot 101 in Block 99 of Ll Ser; undo, in the City of E1 Segundo, County of Los Angeles, State of California, as per map recorded in Book 20, Pages 22 and 23 of wraps, in the office of the County Recorder of said County. Second: That it would be for the best interest of said City to accept the bid hereinafter specifically referred to in the sum of 'W50.00 cash for said property. Page 1. Tnird: That the bid of Adeline W. Catalano, a married woman, to purchase by good and sufficient deed with policy of title insurance from the City for the sum ofy.750.00, to be paid at the time of delivery of such deed, be and the same is hereby accepted, and all other bids on said property, or any part thereof, are hereby rejected. Fourth: That the said acceptance of said bid and the sale herein made by virtue of this acceptance thereof are so accepted and made subject to the following conditions: 1. The terms and conditions of said °i\otice 'No. 31,1 of Inten- tion to Sell City of Ll Segundo Owned Real Property and Inviting Bids or Offers therefor "; 2. That the full purchase price for said real property to oe so conveyed, as above stated, is paid by said purchaser on or before the 1st day of May, 1944; and 3. That unless said purchase price is so paid by said purchaser within the time hereinabove limited, then and in that event the said City at the option of the City Council thereof, stall be relieved of its obligation to convey hereunder, and any amount or amounts theretofore paid and deposited on said property shall be forfeited to said City as full and liquidated damages, and said City shall thereupon be free, without liability to said purchaser, to sell the said property to any other purchaser. Fifth: That the 14ayor of the City of El begundo is hereby authorized and instructed to execute, in the name of said City and on its behalf, a quitclaim deed of said real property to said purchaser, in form approved by the City Attorney or Special City Attorney, and the City Clcrk is hereby authorized acid instructed to attest the same and affix the corporate seal of said City thereto, anc' to deliver said deed together with policy of title insurance to said purchasers upon receipt by said City Clerk for said City of said full purchase price. Sixth: That the bid of said purchaser, above referred to be placed on file in the office of the City Clerk of said City, and the said bid and said "Notice i.o. 3iv. of Intention to Sell City of Page 2. El Segundo Owned Real Property, and Inviting Bids or Offers Therefor ", are nereby referreo to and b, this reference expressly incorporated 'herein and made a part hereof. Seventh :.That the City Clerk shall certify to the passage and adoption of t:is resolution; shall cause the original of the same to be entered in the book of resolutions of said City of hl Segundo, and shall make a minute of the passage ana adoption thereof in cne records of the proceedin;s of the said City Council of said City, in the minutes of the meetinl-, at w:ich the same is passed and adopted. Passed, approved and adoptea, this lst day of march, 1';244- Aaayor of Cit of Ll Segunda, . California. ATTEST: 1st y Clerk, Ci y f egu STAT -' OF CSLIi +O ?NIA ) COUNTY Or LOS ANG::L-S) SS. CITY O1' SL SEGUNDO ) I. Victor D. McCarthy, City Clerk of the City of El Seozndo, California, do hereby certify that the whole number of members of the City Council of the said City is five; that the foregoirg resolution, being Resolution No. 705, was duly passed and adopted by the said City Council, auproved and sinned by the ?V_ayor of said Cite, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the lot day of March, A. D., 19449 and that the same was so passed and adopted by the following vote: Ayes: Councilmen Hesser, Peterson, Selby, Skelley and Mayor Love. Noes: Councilmen None. Absent: Councilmen None. City* Clerk of the 94t Segu , Cali ornia. Page 3.