CC RESOLUTION 727RESOLTUTiGA 1DO. 727
RESOD,`!', -� OF THE CITY CO71ICIL OF 1? CITY
OF EL SEGU,DO, SAL?F: F,-P.-,IA ACCE.TI?1 ^, 'L'i '
111 zA z:;i_ ^ry CF FIIA ! A. 30oiH POa CE_ TAr
CJ l 'Til (,T i'=D 1 T.01'71"
the City of El Se-inao, California, has heretofore
instituted and is now prosec-,tin�, a general comprehensive
pro -ram for the restoration of tax deeded properties within said
City to a tax paying• basis;
A,'-D. " 1S, pursilant to said procedcre as so established
said Council has caused to be given and p>blished 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 "_ <otice
..o. Dive of Intention to Sell City of El Segundo Owned heal
lroperty, and Invitint; Bids or Offers Therefor. ", ano which said
notice Jras duly published in the El Se-P,undo herald in the
issues of i,arch 23rd, 1, -arch 50th and April 6th, 1944;
A "1D, 3R3AS, responsive to said notice the bid herein-
after specifically mentioned for the Yronert -,T hereinafter
described was filed, and has been duly considered b�T this Council;
-_ EAS, this Council has reached a decision with
reference to the sale of said property;
11Oiti, '1° !'_TEFURE, ° IT RE'SCLVED, by the Cite Council of
the City of El Segundo, California, as follovas:
First: That the particular property vthich is the s-;bject
of this resolution and the sale therein contemplated, is located
In the City of E1 Segundo, County of Los i.n;,eles, State of
California, and is describea as follows, to wit:
Lots 11 and 12, Flock 8, in El Set,unao
!Tact, as per map recorded in rook 18,
PaCe 69 of baps, records of Los An�,eles
County.
Second: That the bid of Frank A. Booth, a single man,
hereinafter called the purchaser, to purchase said property
by quitclaim deed from the City of El Segundo for the a.,ounts
of each of said lots as set forth in said bid and for the total
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sum of ,p282.00, payable in installments within the time and
upon the terms and conditions hereinafter stated, be and the
sarle is hereby accepted and all other bids on said property,
or any part thereof, are hereby rejected.
Third: 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 "Notice i:o.
Five of Intention to Sell City of E1 Seloundo Owned Tceal
Property, and Inviting Lids or Gffers Therefor.",-
2. That the said purchase price for said real
property to be so conveyed as above stated is payable and
shall be paid as follows; X75.50 upon execution and delivery
of the contract of sale hereinafter referred to and the balance
of said purchase price, together with interest on the unpaid
principal amount at the rate of 7,o per annum from date of said
contract of sale, principal and interest payable in installments
as follows: X20.00 per month beginning on the 21st day of
Suly, 1044, together with interest on the unpaid balance of
such principal sum from the last installment date, until
paid in full
Fourth: That the purchaser, within ten days from and
after written notice of the acceptance of his said bid 'hereby
made, together with notice t_lat the said contract of sale
has been prepared and is ready to be executed, shall execute and
deliver the reau-ired contract of sale containin„ the provis7ons
in respect to payment as above set out, and contain_n,; the
f�lrt'aer usual arovisions included in the usual form of a`reement
of sale and purchase as printed by the title cofnpanies in
Los An,eles County, and approved by the City Attorney or
Special City Attorney, and that if such purchaser .fails to do
so, then and in that event the said City, at the option of the
City Council thereof, shall be relieved of its obli1_ation to
enter into said contract of sale and to convey hereunder,
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and the ano»nts theretofore Paid or depos'_ted on said Property
or with saia bid, shall be forfeited to said City as full
and liquidated dar;aZes and said City shall thereupon be
free, without liability to said successful bidder, to sell said
property to any other purchaser.
Fifth: That the hayor of the City_ of El Segundo is
Vereby authorized and instructed to execute in the name of
said City and on its behalf the said contract of sale in form
approved as aforesaid, and the City Clork is hereby authorized
and instructed to attest the same and affix the corporate seal
of said City thereto and to deliver said contract of sale to
said purchaser upon receipt by said Clerk for said City of said
initial payment of §75.50, and the delivery to said City Clerk
for said City of a like duplicate of said Contract of Sale
executed by said purchaser; and that the said ,_ayor and City
Clerk are hereby furtier authorized and instructed, upon the
payment to said City of the full sum of all amounts payable
to said City under said contract of sale to exec4te, attest,
seal and deliver to said purchaser a quitclaim deed of said
parcels of real property, so paid in full, to said purchaser.
Sixth: That the bid of said purchaser, hereinabove referred
to, be Dlaced on file in the office of the City Clork of said
City, and the said bid and said "hotice Is. Five of Intention
to Sell City of E1 Segundo Owned Heal Property, and Inviting
aids or Offers therefor. ", are hereby referred to and by
this reference expressI7 incorporated herein and made a part
hereof.
Seventh: That the City Clerk shall certify to the passage
and adoption of this resolution; shall cause the original of the
same to be entered in the book of resolutions of said City of
El Segundo, and shall make a minute of the passage and adoption
thereof in the records of the proceedings of the City Council
of said City, in the minutes of the meetinl at which the same
is passed and adopted.
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sassed, approved and adopted this 21st day of June,
1944.
LAjyor o
o" sty
Cal 'oil rnia.
C t rk -- - -- - - -
STA.E OF CALLFO?:BIA )
COM,-TY OF LOS AA- LF;S ) es
CITY OF EL SEGLTPTDO )
I, VICTOR D. MC CAFTF:Y, City Clerk of the City of E1
Segundo, hereb- certify that tale foregoing resolution was
adopted by the Coancil of the City of E1 Segundo, sined by
the ayor and attested by the City Clerk at a regular ?neetin.-
thereof held on the 21st day of June, 1944.
That said resolution was adopted by the followin�7 vote:
A "? S: Councils ^en: Peterson, Selby, Skelley an,? 1,"ayor pro tem Hesser.
1OuS: Co±mci liven: None.
A,SE "T: Councilmen: Love.
(S,,AL)
ty Clerl- of 'the C'
/ El Segundo, Cali ornia.
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