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.