CC RESOLUTION 8494,1491-i
RESOLUTION NO. 049
RESOLUTIOT Or, THE CITY COUNCIL OF TIE CITY OF EL
SEGUNDO, CALIFORITIA, ACCEPTING THE TIME PAYNalIT
BID OF ARTHUR M. DILLARD FOR CERTAIN CITY OWNED
REAL PROPERTY.
W,IEREAS, the City of E1 Segundo, California, has heretofore
instituted and is now prosecutinE a general comprehensive pro`ram for
the restoration of tax deeded properties within said City to a
tax nayin7 basis; and
WTTEREAS, 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. Eight M
of Intention to Sell City of E1 Se,_undo Owned Real Property and
Invitin,,,, Bids or Offers Therefor.", and which said notice was
published in the El Segundo Herald in the issues of August 8th,
15th and 2und, 1946; and
VIERE'AS, responsive to said notice the bid hereinafter
specifically mentioned for the property nereinafter described was
filed, and has been duly considered by tnis Council; and
WHEREAS, this Council has reached a decision with reference
to the sale of said property;
NOW, 'I'°?EHEFORE, BE IT RES WED, by the City Council of the
City of El Segundo, as follows;
First: That the particular property which is the subject
of t::is resolution and the sale therein contemplated is located
in tie City of El Se.,undo, County of Los Anc--eles, State of California,
and is described as follows, to -wit:
N 48ft of S 93ft of Lot 12, Block 106,
El Segundo Tract, as per map recorded in
Book 20, Faf -es 22 -23 of Maps, Records
of Los Anf,e le s County.
Second: That it would be for the best interest of said City
to accept the bid hereinafter specifically referred to in the sum
Of �P816.00 for said property.
Third; That the bid of Art.ur M. Dillard, hereinafter
1.
called the purchaser, to purchase by Lood and sufficient deed
with policy of title insurance from said City for the sum of
X616.00, payable in installments within the time and upon the terms
enc conditions hereinafter stated, be and the same is hereby accepted.
Fourth: That the said acceptance of said bid and tiie sale
herein made b-a virtue of this acceptance thereof are so accented
and r„ade subject to the followin.- conditions:
1. The terms and conditions of said "Notice No, knight M
of Intention to Sell City of El Segundo Owned Real Property and Invl;iq
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:
X225.00 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: $53.80 or more, and
interest on the unpaid principal balance on the 11th day of
October, 1946, and $53.72 or more, and interest on the unpaid
principal balance on the 11th day of November, 1946, and on the
11th day of each and every month tiereafter until the 11th
day of Au�,ust, 1947, when the entire balance due on the principal
and interest becomes due and payable.
Fiftn: That tie purchasers, within ten days from and after
written notice of t -_,e 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 further usual provisions
included in the usual form of sale and purchase a,raements as printed
by the Title Companies of Los An,,elos County, and approved by the City
Attune, or Special Cit Attorney, and that if sucn purchaser fails
to do so, tren ana in that event tine said City, a� the option of
the City Council thereof, s'l_all be relieved of its obligation to enter
into said contract of sale and to convey hereunuer, and the amounts
tneretofore paid or denosited on said property or with said bid, shall
be forfeited to said City as full and liquidated damaes, and said City
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shall thereupon be free and without liability to said successful
b-dders, to sell said property to any other Purchaser.
Sixth: That the Mayor of the City of Fl Segundo is hereby
au=thorized and instructed to execute in the name of saiu 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 Vne corporate seal of said City thereto
and to deliver said contract of sale to said purchaser upon receipt
by said Clerl, for said City of said initial payment of X226.00
and zne delivery to said City Clerk for said City of a like duplicate
of said Cnntract of Sale executed by said purchaser; and that the
said iayor and Cite Clark are hereby further authorized ana 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 real property,
toCether with a policy of title insurance showint said property vested
in the City of Ll Segundo.
Seventh: That the bid of said purchaser, above referred to,
be placed on file in the office of the City Clerk of said City,
and the said bid and said "Notice No. Ei -ht M of Intention to Sell
City of E1 Sedundo 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.
Eighth: That the City Clerk skull certify to the passa,e and
adoption of this resolution; shall cause the original of tie same
to be entered in the book of resolutions of said Cit,: of El Segundo,
and s' -all make a minute of tce passatie and adoption thereof in the
records of the proceed]nLs of the said City Council of said City,
in the minutes of the meetin at which the same is passed and adopted.
Passed, approved and adopted, this 11th day of September, 1946.
7
C/
City Clerkl
3.
Mayor of the City o '
Segundo, Califor 'a
S` ATE OF CALIr'OR ?'IA }
COI;NTY OF LOS AP'CELES
CITY OF` EL SES -nDO )
I, 7ICTOR D. McCART_v, City= Clerk of the City of E1 Se,undo,
hereby certify tnat the foregoing; resolution was aaopted by the
Council of the City of El Segundo, signed by the Mayor and
attested by the City Clerk at an adjourned regular Teetinr thereof
held on the 11th day of September, 1946.
That said resolution was adopted by the followinS vote:
AYES: Councilmen Baker, Peterson, Skelley, Thompson and Mayor Selby.
ROES: Councilmen None;
ABSENT: Councilmen None.
4.
v
ty Clerk of the f
El SeCundo, Cali ornia.
,STATE OF CALIFORNIA
COUN`T'Y OF LOS ANGELES ) SS.
CITY OF EL SEGUNDO )
I, VICTOR D. MCCARTHY, City Clerk of the City of E1 Segundo,
hereby certify that the 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 on the 11th day of September
1946.
That said resolution was adopted by the following vote:
AYES: Councilmen Baker, Peterson, Skelley, Thompson and Mayor Selby;
NOES: Councilmen None;
ABSENT: Councilmen None.
-Y Clerk of the City o
E1 Segundo, California
(SEAL)
,Q E,