CC RESOLUTION 806Iit'.30LT i10h j.0, 806
RL60�t'. C.'t '-1, L Ci i C01"XIL 01 `1' E CITY Ol PL Sari ,.DO,
CAL11,'Oi,!A, A::C_Y`l11; `L' � `11 � .AYI,� '1' -T) GP BLRTOT! Al.
C�_A. L=RS r OR CLRTA II C _T ' 04':ED REAL PROFR RTY.
W oR A6, tno City of zl be[undo, California, has neretoforo
instituted ana is now prosecutin_ a P.Gneral conprehensive pro ram for
t,.e restoration of tax deeded properties witnin said City to a
tax payin, oasis; and
d AREAS, pursuant to sold procedure as so established said
Council has caused to be riven ano pr,blisned a notice of intention
to sell the interest of said Caty in certain of such tax deeded
parcels, whicn said notice is aesl;_nated as "Plotice No. Six M
of Intention to ,�eTi City of El aeCundo Owned Real Property and
Inv9t�m Lids or Offers Tnerefor.11, and which said notice was
publisned in tie hl �e; undo ferald in the issues of Piay 10th, 17th
and 24th, 145; and
fJITERE'AS, responsive to sa-.d notice the bid hereinafter
specifically :,;er_tioned for t-ie property nereinafter described was
filed, and has been dulj considered by this Council; and
Jt'[ERI�A61 this Council has reached a decision wit., reference
to the sale of said property;
N0.1, T'LR- i3OAtL, tsd I'_ R,SOL'TED b-, the City Council of the
City of yl be,undo, as follows:
First: That the particular property which s the subsect
of this resolution and t,ie sale therein contemplated is located
in the City of Ll bef undo, County of Los An elos, State of California,
and is described as follows, to -wit:
Lot 62, `tract 2540, as per Loos 25, Pa e ',b of
flays, Records of Los Anieles County.
Second: Tnet `t would be for the best interest of said City
to accept the old ere�nafter specifically referred to in the snzn
Of 0476.00 for the acove described parcel of property.
Third: Tnat the bid of Burton ➢1. Chambers and Janice Y.
Chambers, husband and wife, as point tenants, hereinafter callea tie
purczasers, to nurcnase by �,00d anu sollicien4 deed wit', rolicy
1.
b� N
of title insurance from said City for tie sum of X476.00, pa-Taole
in installments w•thin tom. time and t,pon the terms ar_d conditions
here°nafter stated_, ce and t e �aae is ii�reby accepted,
1,'ourth: 1,,st ti,e saic @Coca Ponca oS su d u.rd a,,d t.c, „ale
bare _n :.jade b-, v_rtue or t_. - s acceptance t ere of are so acce sod
a- C . ads sc b jecz to t'_c foll wa - conit ions ;
1. _ae tar;. _r�u c )r_u „_ons oi s e j u notice :do. Slx , of
Intention to ,ball City of �l Se, undo k_vmed 3e a1 Property and =r.v.t n,
aids or oilers i ier, far.°;
2, `1 "tat tie sa'd oure2ase price for sa:a real propert to
be a cone -;,ed as above stated is payable and snaLl oe paid as follows;
,119.00 upon exec, tion and delivery of t.ze contract of sale nerernaftor
referred to and L -e balance oI a 1d pi, rcnas6 price, to .-et ier a it _
interest on tie unpalu principal amount at tr,e rate of 7o per annum
frog data of sa a contract of sale, principal and nterest na-able
in installments as follows: ,p32.50 or more, ana interest on the
unpaid principal balance on tue 20tn day of Yarch, 1946, and X32.45
or more, and interest on t e unpaid ^ilicipai 2alacce on t c 20th
das, of April, 1,46, and on the 20th aa`r of eac anu cvcr month
t lereafter until t e 2�t_ ca" o," Jaruary, 1 ✓�L7, Wnen the entire
balance due on t e principal and interest becomes due and payable.
Fifth: That the ourcnasars, within tan days from and after
written notice ef' tre acceptance of saict bid hereby made, to,et -ter
witn notice that tt,e said contract of sale -as been prepared and is
ready to be execs ted, s,iall execute and deliver t.ie required contract
of sale and pnrcnase aL,reer.en_t conta �=,, the furtner usual provisions
ir_cluded in t_1e usual fora of sale and ;jurchase a,ree -cnts as pr_nted
by :.c iltule Con .anies of Los An etos Coi nty, ;na approved by tl�e City
Attorney or Spccisl City Attorney, and that if such purcnnsers fail
to do so, tnen and in tr,at event t.ie sa La City, at t.ze option of
the City Conc7l tir�ereo,, s,alp be relieved oL izs: ohli anon to orter
into sa'd conLrr.ct of sale and to conve- ,creundGr, and t 1 ar'ounts
treretofore paid or aenosited on said property or with saia cic, s_�all
be forfeited to said City as full and liquidated da a, es, and sa'd Cite
s1,all t'.ereupon be free and oVithort liauility to saio Success,,ul
2.
y ; No 17
bidders, to sell said property to any A per purcnaser.
Koh: That We ayor of the City of hl &&undo is hereby
autiorized and nstructed to execite in t name of said City and
on its oehalf z e said contract of sale i- forn approved as
aforesaid, an', tie city Clcrh is nereby a'ithorized and instructeu to
attest tre saje ana affix t�e corporate seal of said City thereto
art to deliver said contract of sale to said pure users upon receipt
b;- said Clerk for sajd City of sa°a initial pa ment of 4110.00
and tqe deliver-,* to said City Clcrh top said City of a li-e dvollcste
of sold contract of sale executed by said uurchasers; and teat the
said Iaiayor and City Clerh are hereby further althorfzed and instructed,
upon the peynent to said City of the full arm of all amounts psoobla to
said City under saia contract of sale to execwA, attest, seal and
deliver to ss7a ourc_asers a ouitcla'n coed of said real property,
tonct,er w zr c colicy of tizie insurance s_owi nj sa -d property vested
in t_ie City of ni as undo.
Seventh; 129t t _e b:, of sa'd purensers, above refer_ed to,
be placea on file in t _e ot; ice of t _e City Clerh of said City,
ana tqe sa'a Lid ara se,d 5 of ce o. nix ,, of irtantion to ell
Cite Of ",l Se Undo WV-Ga :seal iroocrty 'god y_vlt -n iios or uffers
lnor ".for. ", arc tereby PefGrreC 'Lo and b; „'.is reArerce e npressly
ircornorctea herein and rade a uarz _"creof.
ihot tIe Cite Cicry c 011 certifl t tie ra5sa e and
adcation of tits resolution; s all cayse t "e on oral of z is sgAe
to be entered -f L e 0002 of resortions ny „ s� d City of o1 Ue un:o,
and s' arl .'a' e a vir_ute of t e passa_e and acoptior_ t e=cof -n the
records or tK Proceed-n s of tnG said City Council of said City,
in the minutes of t -e rest n� at ;- AL t-e sake is massed and adopted.
Passed, a�provcd and adopteu, 6his 20tH day of hebruary, 1L46.
C! ZY1Tayor of� t,
ATIE 2's aer undo, California
C i ��,` Se k -' -- -
-,, G r
31
STASiJ G; CAL_F'J ',,IA
COTTTT' " LIOS L"ELLS ) ss.
CTTY Oi iL bzG'TED0 )
I, '1 --UTCR D. LcCART fY, City Clem of the City of �i oe -undo,
nerab, certify teat tiro i'oreroin_ re�ohutlon was adopted by the
Council of the City )f Ll Lei undo, sif ned by the .ayor and
attested by tie City Cleri at a r�,_u"lar meetinL tnereof 'geld on
tno �Oth day of b'ebr:ary , 1046.
That sale reso�utlon was adopted by the followlnf vote:
AI'hS: Councilmen Hesser, Peterson, Skelley, Thompson and Mayor Selby.
EOES: Councilmen None.
A-' SE, Councilmen None.
(6EAL)
4,
ty Cle rk of the 't of
rl Segundo, Cali 4rnia.