CC RESOLUTION 8059LSOLi TION 110. P05
TSO_ "TIO', OF `! L C1 111-Y CDLLCiL C1'' 'l' E C�TY UI +' EL _L�Z!TTDO,
CALIF C,' -�sA, ACCn;F� `l 'l l ,, FA rh� l `1� T SD Cl 11C'IOLAS
DAVIS FOR CrRTAl'- IT =TY 0„TsL , ?�Al_ 'rROPERIY.
W EItEAS, the City of rl Se`undo, California, has heretofore
instituted and is now orosecutin, a eneral comprehensive pro,ram for
tl,e restoration of tax deeded properties witnin said City to a
tax payinf basis; and
YV EREAS, ;)rrsuant to said procedure as so establislled said
Council has caused to be even and published a notice of intention
to sell t e )ntexest o! said City in certain of such tax deeded
parcels, w'nich said notice is des3t-nated as JJ1�otice N,o. Six H
of intention to Sell City of rl Se_undo Owned Real Property and
Ir_vitin£, Bids or Osiers Therefor.°, ana which said notice was
published 9n the EJ Se,'undo erald in t,ie issues of i�jay 10, 17th
and 24th, 1945; and
if "EREAS, responsive to said notice t�e bld nerelnafter
specifically mentioned for the propert-;• ierei-after aescribed wes
filed, ana has boon auly cons_(fiared by t ,:.s Council; and
1 this Council nos reae eu a docision wlt,. reference
t) t'ta sale of : , a property;
',E _T 3t_SOL't'ED by t -.o City Council o� the
Gity of 1�1 ue unco, as lollo,vs;
First; 'P',it t e particvigir property ✓'rich is t (3 s),t,iect
of this reso_i�'ion ana t.e ::ale t,crein cMtemplated is located
in the City of E1 Se undo, County of Los AnLeles, Stete of California,
and is described as follows, to -wit:
Lots 35 and 36, Block 10, El Se,-undo, as per map
recorded in Book 18, Pare 69 of Maps, Records
of L�ls Anfele s County.
Second; That it would be for tsie best interest of said City
to accept the bid hereinafter specificall; referred to in the sum
of y360.00 for each of t,le ab ;ve parcels of property.
Third: That the bid of Nicholas liavis and 1;ora Davis, nusband
and wife, as joint tenants, here_nafter called the purchasers, to
purchase by Mood ana sufficient deed with policy of title insurance
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from said City for the sum of 14,360.00 each parcel, or a total sum
of 4p720.00, oo�,able in _nstallments within the time and upon the
terns ana cun6i-,:Lons _ere tn,,ftor stated, be and t _e same s iiereby
acceotec.
Fourth: Tzat t.7e said acceptance of said bia and the sale
hero in made by virtue of t ^i s acceptance t-iereof ire so accapted
and made s,,b iect to t le follo,.vin c ono. itIons:
1. Tae terms and conditions of said "Notice 110. S x of
intention to Sell City of El 6e-undo Owned Heal Property and invitin[,
Bids or Offers T ierefor.l�;
2. That t,2e s,iid urc,1asG price for sa!a real property to
be so conveyed as apove stated is payable ana shall be paid as follows:
4180.00 upon execution and delivery of t-ie contract of sale hereinafter
referred to and t,ie balance of said rurchase price, torgetlier with
interest on t'le unpaid principal amount at t e rate of 7j. per annum
from date of said contract of sale, principal and interest payable in
installments as !ollows: x;49.10 or more, and interest on the unpaid
principal balance on the 20th day of March, 1946, and $49.09 or more,
and interest on t'qe unpaid principal balance on tae 20tn day of
April, 1946, and on the 20th day of eacn and every month tnereafter
until the 20th day of January, 1947, 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 t;e acceptance of said b d iereby made, toUetner
wit.z notice t.,)et tL:e said contract of sale has been prepared and is
ready to be executed, sra'11 execute and deliver t =e req uired contract
of sale and ^urc'.aco a,reemert containing, furt,!er usual prov sions
included in t:e usual form of sale and ourcnase eEree.ments as printed
by the Title Companies of Los Anzeles County, and approved by the City
Attorney or apeclsl r1ity Attorney, and that ii suc-� p1.)rc,iasers fail
to do so, teen and in t rt event tie said City, at tae option of the
City Council t.,ereof, s°iall be relieved of its obli,�ation to enter
into said contract of sale and to convey nereonder, and tie amounts
t ^.erctofore paid or deoosited on said property or witn sala bia, shall
be forfeited to said City as full and liquivated dare es, Eno said City
shall t >Aare)ipon be free and without liaoility to saLo successful
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bidders, to sell said property to amf ot�,cr )arci aser.
Sixth: Tiat tre Layor of the City of hl De,,undo is _�ereby
authorized ana Instr -,cted to execute iii the name sl' said City and
on its benalf the said contract of sale in fora approved as
aforesaid, anu tie City Clerk is hereby a,. °t..orized ono, instructed to
attest the aalfe a -d affix tie coy °pornte seal of So Lo City zheroto
ana to deliver sa.d contract of sale to said purchasers upon receipt
by said Clerl. for said City* of said initial pnynient of glCO.00
and the deliver-r to said City Clerk for said City of a like duplicate
of said Contract of Sale executed oy said purchasers; and that the
said ilayor and City C1erL are iereby furtr_er authorized and instructed,
upon t'ne r -a ment to said City of t e full sum of all amounts payab!_e to
said City under said contract of sale to execute, attest, seal and
deliver to said purchasers a quitclaim deed of sa -d real property,
to,,et��,er with a policy of title insurance srowini said property
vested in tae City of El U(31--undo.
Seventh; That the bid of said purc�iasers, above referred to,
be placed on file in tno of rice of tna City Clerk of said City,
and t=ie sata bid and said 11I',otice Tio. Six Y of Intention to Sell
City of P'1 Se,-undo Owned deal Property and Inviting, Lids or Offers
Therefor. ", are riereb- referred to and by tuis rLiarence expressly
incorporated neroin and made a part hereof.
Ei;-hth: 111at tae City Cleri: shall certify to the possa,,e and
adoption of this resoli,tion; snail cause the ori,.inal of t.le same
to be entered in the book of resolutions of said City of yl �erundo,
and s all make 2 minute of the pssss e and saoption tnereof in the
records of the procaedinEs of the sold City Council of said City,
in the minutes of t_ie meetin, at which the sans is passed and adopted.
Passed, approved and adopted, this 20th day of February, l: %46.
,ay"', of ai iEA) ae ^undo,
California.
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STATE 01' CALl7,'0ttIdIA )
C( "'7, TY OT I LJS Al'' Le,S ) as.
CITY OF nL �h --11)0 )
1, ` lC2'vR i,. -,_cCART Y, City Clor.� of t--,e City of El oe, undo,
hereby certif,, t',t t �e fore`oin, resolution was adootea by the
Council of toe of �l z:,e; unao, si ° *:ed by tt,e .tayor and
attested by the City Clem at a r�;ular ,dentin, t_creoz aela on
t )e 20t_1 day of isbr� ar, , 1L46.
Tiaz said resolution was adopted b, -L-,e ollovr"n- �joto:
A'r'id: Councilmen Hesser, Peterson, Skelley, Thompson and N,ayor Selby.
I;ULS: Cour.cZlmen None.
A, a 1': Cov cilmen None.
(,,D :AL)
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y e r,- o_ t_ e i y o £
'El ae unco, Cal if or�ia.