CC RESOLUTION 813-S
RESOLUTION NO. 813
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, ACCEPTING THE TIME PAYMENT BID OF VIRGINIA
M. SHUMNAY FOR CERTAIN CITY OWNED REAL PROPERTY.
WHEREAS, the City of E1 Segundo, California, has heretofore
instituted and is now prosecuting a general comprenensive 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. Seven
of Intention to Sell City of E1 Segundo Owned Real Property and
Inviting Bids or Offers Therefor.#, and which said notice was duly
published in the issues of October 25th, November 1st and 8th,
1945, in the E1 Segundo Herald; and
WHHEREAS, responsive to said notice the bid hereinafter
specifically metioned for the property hereinafter described
was filed and has been duly considered by this Council; and
WIiEREAS, this Council has reached a decision with reference
to the sale of said property;
NON, THEREFORE, BE IT RESOLVED, by the City Council of the
City of El Segundo, California, 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 Ar�_eles, State of
California, and is described as follows, to -wit:
Lot 9, Block 7, El Segundo Tract, as per map
recorded in Book 18, Page 69 of Maps, Records
of Los Angeles County.
Second; That the bid of Virginia M. Shumway, a married woman,
hereinafter called the purchaser, to purchase said property by quitclaim
deed from the City of El Segundo for the sum of $200.00, payable in
installments within the time and upon the terms and conditions
hereinafter stated, be and the same is hereby accepted.
Third: That the said acceptance of said bid and the sale
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herein made by virtue of this acceptance thereof are so accepted
and made subject to the following conditions:
1. The terms and conditions of said "Notice No. Seven
of Intention to Sell City of E1 Segundo Owned Real Property and
Inviting Bids or Offers Therefor. ";
2. That the said purchase price for said real property to
be so conveyed as above stated is payable and shall be paid as follows:
50.00 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: $13.70 or more, and interest
on the unpaid principal balance on the 6th day of April, 1946,
and $13.63 or more, and interest on the unpaid principal balance
on the 6th day of May, 1946, and on the 6th day of each and every
month thereafter until the 6th day of February, 1947, when the
entire balance due on the principal and interest becomes due and payable.
Fourth: That the purchaser, within ten days from and after
written notice of the acceptance of his bid 'hereby made, together
with notice that the said contract of sale has been prepared and
Is ready to be executed, shall deliver and execute the required
contract of sale containing the provisions in respect to payment
further usual
as above set out, and containing the /provisions included in the
usual form of agreement of sale and purchase as printed by the title
companies in Los Angeles County, and approved by the City Attorney
or Special City Attorney, and that if such purchaser fails to do so,
then and in that event the said City, at the option of the City Council
thereof, shall 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 damages and said City shall
thereupon be free, without liability to said successful bidder,
to sell said property to any other purchaser.
Fifth: That the Mayor of the City of E1 Segundo is hereby
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authorized and instructed to execute 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 purchaser upon receipt by said
Clerk for said City Of said initial payment of 50.00, and the
delivery to said City Clerk for said City of a like duplicate of said
Contract of Sale executed by said purchaser; and that the said Mayor
and City Clerk are hereby further 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 purchaser a quitclaim deed of said parcel of real property,
so paid in full, to said purchaser.
Sixth; That the bid of said purchaser, hereinabove referred
to, be placed on file in the office of the City Clerk of said City,
and the said bid and said "Notice No. Seven of Intention to Sell
City of El Segundo Owned Real Property and Inviting Bids or offers
Therefor. ", are hereby referred to and by this reference expressly
incorporated herein and made a part hereof.
Seventh; That the City Clerk shall certify to the passage and
adoption of tnis resolution; shall cause the original 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 City Council of said City, in the
minutes of the meeting at which the same is passed and adopted.
Passed, approved and adopted this 6th day of March, 1946.
ayor o t e ity o
Segundo, California.
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES
CITY OF EL SEGUND O )
I. VICTOR D. MCCARTHY, City Clerk of the City of E1 Segundo,
hereby certify that t1v 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
o n the 6th day of March, 1946.
That said resolution was adopted by the following vote:
AYES: Councilmen: Hess -r, Peterson, Skelley, Thompson and Mayor Selby.
NOES: Councilmen: None.
ABSENT: Councilmen: None.
(SEAL)
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