CC RESOLUTION 786lT i
RESOLUTI07 NO. 786
RESOLUTION OF THE CITY COULCIL OF THE CITY OF EL
SEGUNDO, CALIFORNIA, ACCEPTING THE CASH BID OF
FRAI,,K X. PRICE FOR CERTAIN CITY ONNED REAL PROPERTY.
WLIEREAS, 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; and
WHEREAS, pursuant to said 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 "Notice
No. Six M of Intention to Sell City of E1 Segundo Owned Real
Propert- and Inviting Bids or Offers Therefor.", and which said
notice was published in the E1 Segundo Herald in the issues of
May 10th, 17t; and 24th, 1945; and
WHEREAS, responsive to said notice the bid hereinafter
specifically mentioned for the property hereinafter described
was filed, and has been duly considered by this Council; and
WtEItEAS, this Council has reached a decision witn
reference to the sale of said property;
NON, THEREOFORE, BE IT RESOLVED BY THE CITY COUIXIL OF
THE CITY OF EL SEGUNDO, 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 desdribed as follows, to wit:
Lots 12, 13 and 14, Block 57, El Segundo Tract,
as per Book 20, Pages 22 -23 of Maps, 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 total sum of $965.00 cash as follows:
Lot
12,
Block
57 .
. . . $355.00
Lot
13,
Block
57 .
. . . 305.00
Lot
14,
Block
57 .
. . . 305.00
1.
Third: That the bid of Frank X. Price, a widower, hereinafter
called the purchaser, to purchase by good and sufficient deed with
policy of title insurance from said City for the sum of $965.00 cash,
to be paid at the time of delivery of such deed, be qnd 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 "Notice
No. Six M of Intention to Sell City of E1 Segundo Owned Real
Property and Inviting Bids or Offers Therefor. ";
Fifth: That the Mayor of the City of E1 Segundo is hereby
authorized and instructed to execute, in the name of said City and
on its behalf, a q uitclaim deed of said real property to said
purcnaser, in form approved by the City Attorney or Special 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 purchaser upon receipt by said City Clerk for said City
of said full purcnase 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 No. Six M of Intention to Sell
City of E1 Segundo Owned Real Property, and Inviting Bids or Offers
Therefor." are hereby referred to and by this reference expressly
ncorporated herein and made a part hereof.
Seventh: That the City Clerk shall certify to the passage
and adoption of this resolution; shall cause the ori-inal 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 said City Council of said
City, in the minutes of the meeting at which the same is passed and
adopted.
Passed, approved and adopted this 5th day of December, 1945.
i
AFEST:
/ Mayor of the City of -Ei
Segundo, California
ity C ler
2.
STALE OF CALIFORNIA )
COUNTY OF L CS ANGELL S
CITY OF EL SEGUNDO )
I. VICTOR D. McCARTHY, City Clerk of the City of El
Segundo, hereby certify that the foregoing resolution was adopted
by the Council of the City of E1 Segundo, signed by the Mayor
and attested by the City Clerk at a regular meeting thereof held
on the 5th day of December, 1945.
That said resolution was adopted by the following vote:
AYES: Councilmen - Hesser, Peterson, Skelley and Mayor Selby;
NOES: Councilmen - None;
ABSENT: Councilmen - Thompson.
(SEAL)
3.
v
y U15rk of Yl�e y of
E1 Segundo, California.
4G"