CC RESOLUTION 7721j,
RESOLIL IO'; 1'40. 772
RESOLT'TION OF TAE CITY COUNCIL OF Tiih CITY OF
EL SEGUNDO, CALIFORNIA, ACCEPTIi,O TI=-. TIME PAYiv;ENT
BID OF F'LOYD GARR FOR CERTAII� CITY 0173,ED REAL
FROPERTY.
VVIEREAS, the City of El Ses; undo, California, has heretofore
instituted and is now prosecutinE, a general comprehensive pro-ram
for the restoration of tax deeded properties within said City to
a tax payin basis;
AI]D, v- LREAS, pursuant to Sala procedure as so established,
said Council has caused to be given and published a notice of
intention to sell the interest of said City in certain of such
tax deeded parcels, which said notice is designated as "Eotice
No. Six M of Intention to Sell City of El Segundo Owned Real
Property and Invitint- !aids or Offers `,ierefor.11, ar_d whicn said
notice was published in t)e E1 Seirundo Herald in the issues of
May 10th, 17th and 24th, 1945;
A17�, du�1nREAS, responsive to said notice the bid hereinafter
specifically mentioned for the property hereinafter described
was filed, and nas been duly considered by this Council;
AND, Vui1LREAS, this Council has reached a decision with reference
to the sale of said property;
NON, TilBR„ FORE, DE IT RESOLVED BY T'? CITY COUNCIL OF Tra
CITv OF EL SErLiVDO, as follows:
First: That the particular property which is the subject of
this resolution, and the sale tt_erein contemplated, is located
in the City of El oe`rundo, Coi,nty of Los Angeles, State of California,
and is described as follows, to wit:
Lot 10, Block 44, El Segundo 'Tract, as per hook
20, Pa,es 22 -23 of Naps, Records of Los Angeles
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 $250.00.
Third: That the bid of Floyd Carr and Zelma Carr, nLtsband and
wife, as point tenants, hereinafter called the purchasers, to purenase
by good and sufficient deed with policy of title insurance from said
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City for the surf, of x,250.00, payable ih instaliim nLs wzLnin tic time
ana upon t_C t ri,s and conditions ncreinafter stated, be and the same
is 'lreby accented, and all other bids on said property, or any
part tnereof, are herao,7 rejected.
Fourth: L'nat the said acceptance of said bid and the sale
herein made by virtue of this acceptance tiereof are so accepted
and made subject to the folloorin" conditions:
1. Tne terms and conditions of said "hotice N). Six M of
Intention to Sell City of -bl Sey,undo Owned Real Property and Inviting
Bids or Offers Therefor. ";
2. That tree said oi7rcnsse price for said real property to oe
so conveyed as above stated is payable and shall be paid as follows:
462.50 upon execution and delivery of the contract of sale hereinafter
referred to and tr.e balance of said purchase price, toLet.ier wit.i
interest on t le unpaid principal amount at t.e rate of 7,< her annum
from date of sa'd contract of sole, principal ar_d interest pajaele
in installments as follows: QF15.6II, or more, and interest on the
unpaid principal balance on the 23rd day of September, 1945; and
ip15.62, or more, and interest on the 23rd day of October, 1345, and
eac., and every month thereafter until the 23rd day of Aumust, 1946,
when ti,e entire balance due on the principal and interest becomes
due and payable.
Fifth: Tnat the purchasers, within ten days from and after
written notice of the acceptance of said bid hereby made, togetrier
witi notice that do said contract of sale has been prepared and
is ready to be executed, shall execute and deliver trie requ =red
contract of sale and purchase agreement containing the furt'ier
usual provisions incluaed in the usual fore, of sale and purchase
agreeuents as printed by tee title companies of Los Ar_�.eles County,
and approved by the City Attorney or Spac221 City Attorney, and
trat if' suc, rurchasers fail to ao so, Bien and in tnat event
the said City, at the option of t-ie City Council thereof, shall
be relieved of its obli-oation to enter into soicu contr ct of sale
and to conve, ereundder, anu the amounts t,ieretofore paid or
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deposited on s,iu property or with said bid, shall be forfeited to
said City as full and liquidated dar °a�os, ana sales City shall
thereupon be free and wit,lout liabilit= to sa'd successful
b iddci —, to sell said property to ar_,j otr,er purchaser.
Sixth: 1"'.s t u,,e 1,`.ayor of the City of El oa, -undo is nereby
authorized and instructed to execute in the name of said City
and on its behalf trio said contract of sale in form approved as
aforesaid, 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 contract of sale to said purchasers upon
receipt by said Clerk for said City of said initial payment of
"62.50, and t'c,e delivery to said City Clerk for said City of a
like dupl,cate of said C)ntract of Sale executed by saia purc }lasers;
and t.iat t -ie said 1,ayor and City Clerk are ireby furtt_er authorized
ana instructed, upon the payment to said City of tie fall sum of
all amounts paya-le to said City under said contract of sale to
execute, attest, seal and deliver to said purchasers a quitclaim
deed of said real property, together with a policy of title
insurance showint, said property vested in the City of El be�undo.
Seventh: last the bid of said purchasers, above referred
to, be placed on file in t_�e office of the City Clerk of said
City, and the said bid and said "Notice P:o. Six M of lntention to
Sell Citv of tl So-=do Ovined Heal Fronert,- and Invitin" bids or
Offers Tierefor. ", are hereby referred to and by this reference
expressly incorporated herein and made a part hereof.
Eirhth: That the City Clerl: shall certify to tree passa&e
and adoption of this resolution; shall cause tie original of the
same to be entered in tine book_ of resolrtions of said City of
El Se-,undo, and shall make a minute of Vie passat,e and adoption
thereof in the rocorCs of t1ie proceedincs of the said City
Council of said City, in the minutes of the meetirL at v✓nich
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tr'� sdne is pawed ano adopted.
t'es,eu, a�oroved ana adoptea, this 23rd day of August, 14 ?45.
,dam Z",I �-
pro tem
Mayor of the ity of El aac,undo,
Cal iTornia.
ATTEST:
City
bTA9'_ Ob CAL1t 0f0 –TA )
CG� Ii,, 0� L,S A,'nELES ) ss
CI`1Y Ulf "1 ,zr L'. D o )
1, V-C�OR D. McCARTiTY, City Clerx of the City of E1 be-undo,
hereby certify that t}le fore�,oin,,, resolution was adopted by
pro tem
the Council of tae City of El Ser-uundo, si,,ned by the Mayor /and
attested by the City Clerk at an ad.lournod rec,ular meetinE. thereof held
on the 23rd day of Au,,ust, 1945.
Thet said
resolution was adopted
by the following vote:
AYES:
Councilmen:
Hesser, Skelley,
Thompson anI Mayor pro tem
Peterson;
NOELS:
Councilmen:
None;
A')SEi•T:
Councilmen:
Selby.
Gyt—Y! Clerk of t e City of
:1-Segundo. California /
(SEAL)
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