CC RESOLUTION 725RESOLUT10i1 NO. 725
RESOLUTIOid OF TiiE CITY COUNCIL OF THE CITY OF
EL SEGTYDC, CALIFORNIA, ACCEITIXG T1,E CASH
`ID OF rD;',ARD 1'. COTE, FOR CERTAIN CITY (71':aD
REAL rROrERTY, AND REJECTISIG ALL OTHER 2IDS.
n3ER AS, the City of E1 Segundo, California has hereto-
fore instituted and is now prosecuting a - eneral comprehensive
program for the restoration of tax deeded properties within said
City to a tax paying? basis;
A D 'rJHEI3EAS, pursuant to said procedure as so established,
said Council has caused to be Siven and published a notice of
intention to sell the interest of said City in certain of such
tax deeded parcels, which said notice is desi.nated as "r:otice i;q
41vi of Intention to Sell City of El oeCvuado Owned heal rroperty and
Invitin.- Lids or Offers Therefor ", and which said notice was
published in the El SeSundo Herald in the issues of i..arch 23rd,
h:arch 30th and April 6th, 1944;
A'_ID VE;EREAS, responsive to said notice the bid hereinafter
specifically mentioned for the property hereinafter described was
filed, and has been duly considered by this Council;
A- t,DITERFAS, this Council has reached a decision with
reference to the sale of said property;
:rOVV7, TYEREFORE, BL IT RESOL` LD BY T11E CITY COUwCIL OF
TEL CITY OF EL SE1 ND0, as follows;
First: That the particular property which is the
subiect of this resolution and the sale therein contemplated, is
located in the City of E1 Segundo, County of Los An-eles, State of
California, and is described as follows, to wit;
Lot 2, Mock 17, in E1 Seguncto Tract, in the
City of E1 Se.gundo, County of Los Hngeles,
State of California, as per map recorded in
Look 18 Page 69 of I.:aps 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
cash
sum of ,,'260.00 /for said property.
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Third: That the bid of Edward 11. Cote to purchase
for RO�,.EO COTE and 71-ARY COT 'Y, husband and wife, as joint tenants,
to purchase by good and s>>fficient deed with policy of title
insurance from said City for the sum of ,,6280.00 cash, 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 terms and conditions of said ".iotice No.
4:,. of Intention to Sell City of El Segundo Owned Real 'Property
and Inviting; Rids or Offers Therefore;
Fifth: That the i,:ayor of the City of El 0egundo is
hereby authorizea and instructed to execute, in the name of said
City and on its behalf, a quitclaim deed of said real property to
said purchasers, in form approved by the City Attorney or especial
City Attorney, and the City Clerk is hereby authorized and instructed
to attest the same and affix the corporate seal of said City thereto,
and to deliver said deed, together with policy of title insurance
to said purcnasers upon receipt by said City Clerk for said City
of said full purchase price.
aixtli: That the bid of said purchasers, above referred
to, be placed on file in the office of the City Clerk of said City,
and the said bid and said "Notice No. 41,' of Intention to Sell City
of El Segundo Owned Real Property, and Inviting .ids or Offers
Therefor," are hereby referred to and by this reference expressly
incorporated herein ana made a part hereof.
Seventh: That the City Clerk shall certify to the
passa ~e and adoption of this resolution; shall cause the oriLinal
of the same to be entered in the book of resol+itions of said City
of E1 Segundo, and shall make a minute of the passar,e and adoption
thereof in the records of the proceedings of the said City Council
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of said City, in the minutes of the meeting at which the same is
passed and adopted.
passed, approved and adopted, this 7th day of June, 1944.
P,ayor o£ t it of �1 Segundo,
Ca 7fornia.
i
add
S'TAT,1 Or CALIFOMTIA )
Ccnl;`il' CF Los AI:': ITS ) ss
CITY Ohm EL SEGUNMO )
I, VICTOR D. n cCAr.TIIY, City Cler1, of the City of
El Segundo, hereby certify that the forelco_ng resolution was adopted
by the Council of the City of El Ser;undo, simed by the La; -or and
attested by the City Clerk at a regular meeting thereof held on
the 7th day of June, 1944.
That said resolution was adopted b; the following vote:
AYES: Councilmen:
POES: Councilmen:
A: Ste; T: Councilmen:
(SFAL)
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l:1ty ulerK oI' the
undo.