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CC RESOLUTION 773-k alt"R Rid E RESOLLTIO- hO. 773 RESOLI,TIOIN OED' TILL CSTY COi'i,ClL OF T_ L CITY OF EL aEGU,IDO, CALI>+ORI, IA, ACCEPT Hl G TI'E CAS ; 3ID OF WILLARD L. BAILEY FOR CERTAIi CITY OsdHE.D REAL PROPERTY. ,11 LHEAS, the City of El Segundo, California, .zas heretofore instituted and is now prosecuting- a ; eneral comprehensive proF;ram for the restoration of tax deeded properties within said City to a tax payinc basis; APID, ,�i1LREAS, pursuant to said procedure as so establ'_sned, said Council has caused to be given and published a notice of intention to sell the interest of said City in certa'_n of such tax deeded parcels, which said notice is designated as "Notice No. Six M of Intention to Sell City of E1 Segundo Owned Real Property and Inviting Bids or Offers Therefor. ", and which said notice was publis-'red in the E1 Segundo Herald in the issues of May 10th, 17th and 24th, 1u45; AIM, 14- EREAS, responsive to said notice t'-.e bid Lereinafter specifically mentioned for the property hereinafter described was filed, and has been duly considered by this Council; A11), X',- LR2AS, this Council has reached a decision with reference to the sale of said property; N,W , l- FEicLFORL, this Council has reached a decision with reference to tre sale of said property; NOSY, T'ERELORE, BE IT RESOLVED BY 'THE CITY COUEML OF T:, CITY OF EL SEG,11NDO, as follows: First: That the particular property which is the subject of this resolution and the sale therein contemplated, is located in the City of El Segundo, County of Los Angeles, State of California, and is described as follows, towit: Lot 3, Bloc:: 25, El Segundo Tract, as per hook 16, Page 60 of ➢:aps, Records of Los Angeles County. Second: `Lint it would be for the best interest of said City to accept the bid hereinafter specifically referred to in the sum of $250.00 cash for said property. Third: That the bid of Willard N. Bailey, a married man, hereinafter called the purchaser, to pure'nase b-, good and sufficient deed 1. witt_ policy of title insurance from said City for the sum of 0250.00 cash, to be paid at the time of delivery of such deed, X62.50 of which said sum has already been paid, be and the same Is nereby accepted, and all other bids on said property, or any part thereof, are nereby rejected. Fourth: Tnat the said acceptance of said bid and the sale herein r,ade by virtue of this acceptance t_:ereof are so accepted and made subject to tre terms and conditions of said "Douce No. Six M of Intention to Sell City of El Segundo Owned Real Property and Invitin. bids or Offers Therefor. "; Fifth: Tr_at the Mayor of the City of El SaEundo 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 Clerk is hereby autnorized and instructed to attest the some and affix the corporate seal of said City thereto, and to deliver said deed, togetn6r wits policy of title insurance to said purchaser upon receipt by said City Clerk for said City of said full purchase price. Sixth: That tree bid of said purchaser, above referred to, be placed on file in the office of the City Clergy: of said City, and the said bid and said "Notice No. Six M of Intention to Sell City of El Segundo Owned Real Property, and Inviting rids or Offers Therefor," are hereby referred to and by this reference expressly incorporated herein and made a part hereof. Seventh: That the City Clerk shall certify to th-e 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 Sep, -undo, and shall make a minute of the pessaf,e and adoption thereof in the records of the proceedings of the said City Council of said City, in the minutes of the meetinE; at which the some is passed and adopted. 2. Passed, approved and adopted, this 23rd day of Auluct, 1945. re tem b'a }ror of t-'16 Ci ter 01, E1 Ss undo, Cali orris. ATTLST o« 'Zri y er STATE CF CALIFORI TA } COT -1, 0_ LOS AI GELd;S ) as. CITY Ob EL SvGLIMO ) if UCTOR D. :cCART-`i, City Clerk of the City of El Segundo, hereby certify that the fore, ',,otng resolution was adopted by the Council of the City of El Segundo, signed by pro tem adjourned the Yayof and attested by the City Clerk at - r/ragular meeting thereof geld on the 23rd day of August, 1945. `,at said resolvtion was adopted by the followin;; vote; AYES; Councilmen: Resser, Skelley, Thompson and Mayor pro tem Peterson; 1\1OES; Councilmen: None ABSENT: Councilmen: Selby. (SEAL) 3. G City Clerk of th C of E1 Set,undo, California.