Loading...
CC RESOLUTION 817RESOLUTION NO. 817 RESOLUTION OF THE CITY COUNCIL OF TIi: CITY OF EL SEGUhD O, CALIFORI'-IA, ACCEPTING ViE TI1E PAYMENT BID OF FRANK HAUGHT FOR CERTAIN CITY ONNED REAL PROPERTY. 4VIEREAS, the City of El Segundo, California, has heretofore instituted and is now prosecuting a general comprehensive program for the restoration of tax deeded properties within said City to a tax paying basis; and VJ.EREAS, pursuant to said procedure as so established said Council Yeas 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 El 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 W.�EREAS, responsive to said notice the bid hereinafter specifically mentioned for the property hereinafter described was filed and has been duly c-nsidered by this Council; and WIiEREAS, this Council has reached a decision with reference to the sale of said property; Nal, THEREFORE, BE IT RESOLVED, by the City Council of the City of E1 Segundo, California, as follows: First: That the particular property which is the subject of this resolutjon and the sale therein contemplated, is located in the City of E1 Segundo, County of Los Angeles, State of California, and is described as follows, to -wit: Lot B in Tract 1632, as per map recorded in Book 21 Page 197 of taps, Records of Los Angeles County. Second: That the bid of Frank and Vernice A. Haught, husband and wife, as joint tenants, hereinafter called the purchasers, to purchase said property by quitclaim deed from the City of E1 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 nereby accepted. Third: That the said acceptance of said bid and the sale 1. herein made by virtue of this acceptance tnereof 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 Fl 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 alcove stated is payable and shall be paid as follows: $50.00 upon execution and delivery of tae 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�o 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 3rd day of May, 1946, and $13.63 or more, and interest on the unpaid principal balance on the 3rd day of June, 1946, and on the 3rd day of each and every month thereafter until the 3rd day of -Larch, 1941, when the entire balance due on the principal and interest becomes due and payable. Fourth: That the purchasers, 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, snall deliver and execute the required contract of sale containing the further usual provisions included in the usual form of agreement of sale and purchase as printed by the title companies in Los An�,elas 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, 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 tnereupon be free, without liability to said successful bidders, to sell said property to any other purchaser. 2. Fifth: That the Mayor of the City of E1 Segundo is hereby authorized and instructed to execute in the name of said City and on its be_ialf the said Contract of Sale in form approved as aforesaid, and the Gity Clark 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 $50.00, and the delivery to said City Clark for said City of a like duplicate of said Contract of Sale executed by said purchasers; and that the said Nayor and City Clark 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 purehasers a quitclaim dead of said parcel of real property, so paid in full, to said purchasers. Sixth: That the bid of said purchasers, 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 begundo Owned Heal Property and Inviting aids or Offebs Therefor. ", are hereby referred toand by tics reference expressly incorporated nerein and made a part hereof. Seventh: That the City Clerk shall certify to the passage and adoption of this resolution; sxiall 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 Gity, in the minutes of t ?,e meeting at which the same is passed and adopted. Passed, approved and adopted this 3rd day of "pril, 1946. 3. A4ayor of t?re uaty 01 Segundo, California STATE OF' CALIFORNIA COUNTY OF LOS ANGELES J ss. CITY OF EL SEGUNDO ) I. VICTOR D. McCART ffY City Clerk of the City of El Segundo, hereby certify that the foregoing resolution was adopted by the Council of the City of E1 SaUundo, signed by the Mayor and attested by the City Clerk at a reSular meeting thereof, held on the 3rd day of April, 1946. That said resolution was adopted by the following vote: AYES: Councilmen IIAsser, Petersen, Thompson an9 Mayer Selby. NOES: Councilmen None. ABSENT: Councilmen Sk -lley. if 4.