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CC RESOLUTION 793RESOLLTION 110. 793 RESOL1'TION OF TEE CITY COUNCIL OF T,IE CITY OF EL SEGUNDO, CALIFORNIA, ACCEPTING T11E TIYE PAYI,,ENT BID OF WILLIA12 L. ROMAI�ESK FOR CERTAIN CI`1'Y (IVIED REAL PROPERTY, AND REJECTING ALL OTHsR BIDS. W,JEREAS, the City of El ;,egundo, California, has heretofore instituted and is now prosecuting a general comprehensive pro &ram for the restoration of tax deeded properties within said City to a tax paying basis; and W'IEREAS, pursuant to said proceuure as so estaclisned said Council has caused to be given and published a notice of intention to sell t_e interest of said City in certain of suc'ri tax deeded parcels, which said notice is desi,nated as "Notice No. Six Al of Intention to Sell City of El Segundo Owned Real Property and Inviting bids or Offers Therefor.", and which said notice was puelis,ied in the E1 deeundo Herald in the issues of May 10, 17th and 24th, 1945; and V 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; and Nd E'REAS, tnis Council has reacred a decision with reference to the sale of said property; NON, THEREFORE, BE IT RESOLVED by the City Gouncil of the City of El Segundo, as follows: First: Tnat the particular property which is toe 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, to -wit: Lot ;.', Block 20, El Segundo Tract, as per Book IB, PaF6 69 of Maps, Records of Los An,,eles County. Second: That it wo)ld be for the best interest of said City to accept t,e bid rereinafter specifically referred to in the sum of $476.00. Third: That the bid of William B. Romanesk and Belen A. Romanesk, hereinafter called the purchasers, to ourcnose by good and sufficient deed with policy of title insurance from said City for the sum of $476.00, payable in installments within the time 1. and upon the terms and conditions hereinafter stated, be and the same is nereby accepted, and all otter bids on said real property, or any part t ]ere Of, are nereb;j rejected. Fourth; That the said acceptance of said bid and the sale heroin made by virtue of this acceptance thereof are so accepted and made subject to the following condit ions; 1. The terms and conditions of said "tiotice No. Six Pd of Intention to Jell City of E1 Segundo Owned Real Property and lnviting Bids or Offers Tnerefor."; 2. That the said purenase price for said real property to be so conveyed as above stated is payable and shall be paid as follows; $119.05 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% per annum from date of said contract of sale, principal and interest payable in installments as follows; $32.45 or more, and interest on the unpaid principal balance on the 16th day of February, 1946, and on the 16th day of eac= and every month tnereafter until the 16th day of December, 1946, when the entire balance due on the principal and interest becomes due and payable. Fifth; That the purchasers, within ten days from and after written notice of the acceptance of said bid hereby made, together with notice that the said contract of sale has been prepared and is ready to be executed, shall execute and deliver the required contract of sale and purchase agreement containing the furtner usual provisions included in the usual form of sale and purchase agreements as printed by the title companies of Los Anc,eles, County, and approved by the City Attorney or Special City Attorney, and that if such purchasers fail to do so, then and in that event the said City, at the option of the City Council thereof, s.Lall be relieved of its obligation to enter into said contract of sale and to convey hereunder, and the amounts theretofore paid or deposited on said property or with said bid, shall be forfeited to said City as full and liquidated damat.as, and said City shall thereupon be free and without liability to said successful bidders, to sell said property to any other purchaser. 2. Sixth: That the Mayor of the City of El Segundo is hereby authorized and instructed toe xecute in the name of said City and on its behalf the 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 $119.05 and tiie delivery to said City Clerk for said City of a like duplicate of said Contract of Sale executed by said purchasers; and t.iat the said Pdayor and City Clerk are nereb-, furtLer 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 execute, attest, seal and deliver to said purchasers a quitclaim deed of said real property, togetner with a policy of title insurance showing said property vested in the City of E1 :,egundo. Seventh: That the bid of said purcnasers, above referred to, be placed on file in the office of the City Clerk of said City, *, and the said bid and said "Notice ho. Six M of Intention to Sell City of E1 z)egundo Owned Heal Property and Inviting bids or Offers Therefor.", are hereby referred to and by this reference expressly incorporated herein and made a part hereof. Eighth: That the City Cler.1 shall certify to the passagd and adoption of this resolution; snall causethe original of the same to be e,tered in the book of resolutions of said City of E1 Segundo, and shall make a minute of tr_e passaZe and adoption thereof in the records of the proceedings of the said City Council of said City, in t'ne minutes of the meetiriL at which the same is passed and adopted. Passed, approved and adopted, this 16th day of January, 1946. A7T ST: City Clerk 3. Mayor of the City of r. Segundo California STATE OF CALIFORNIA ) COUNTY Ob LCa A:.-,LL=S CITY OF EL Si9IJ NDO ) I, Vl TOR D. .,iC CARViY, City Clerk of the City of Ej Segundo, hereby certify taat the foregoing resolution was adopted by the Council of the City of E1 Segundo, signed by the Mayor and attested by the Cite Clerk at a regular meeting thereof held on t.ie 16th day of January, 1946. That said resolution was adopted by the following vote: AYES: Councilmen: Hesser, Peterson, Skelley, Thompson and Maycr Selby. IYOLS: Councilmen: None. A�-�SENT: Councilmen: None. (SEAL) 4. ity Clerk of tt lty b-1 Segundo, Cal forma.