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CC RESOLUTION 903RESOLUTION NO. 903 RESOLUTICIT OF THE CITY COUNCIL OF THE CI`T'Y OF EL SEGUNDO, CALIFORNIA, ACCEPTING THE CASH BID OF JAKES HENNESSY FOR CERTAIN CITY OjaNED REAL PROrERTY. udHEREAS, 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 W EREAS, 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 "ivotice No. 1Vine M of Intention to Sell City of El Segundo Owned Heal Property and Inviting Bids or Offers Therefor. ", and which said notice was published in the El Segundo Herald in the issues of June 12th, 18th and 26th, 1947; and WHEREAS, responsive to said notice the bid hereinafter specifically mentioned forkhe property hereinafter described was filed and has been duly and regularly considered by this Council; and WHEREAS, this Council has reached a decision with reference to the sale of said property; NOVA, THEREFORE, BE IT RESOLVED BY 'THE CITY COUNCIL (F THE CITY OF EL SEGUNDO, 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 Angeles, State of California, and is described as follows: Lot 5 in Block 8 of El Segundo, as per map recorded in Book 18 Page 69 of Maps, Records of Los Angeles 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 0600.00 cash. Third: That the bid of James T. Hennessy, hereinafter called the purchaser, to purchase by good and sufficient deed with 1. policy of title insurance from said City for the sum of 4600.00 cash, be and the same is hereby accepted. Fourth: That the said acceptance of said bid and the sale herein made by virtue of this acceptance thereof are so accepted and made subject to the terms and conditions of said "Notice No. Nine M of Intention to Sell City of E1 Segundo Owned Real Property and Inviting Bids or Offers Therefor. "; Fifth: That the Mayor of the City of El Segundo is hereby authorized and instructed to execute, in the name of said City and on its behalf, a quitclaim deed of said real property to said purchaser, in form approved by the City Attorney or Special City Attorney, 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 deed, together with policy of title insurance to said purchaser. Sixth: That the bid of said purchaser above referred to, be placed in the office of the City Clerk of said City on file, and the said bid and said "Notice No. Nine M of Intention to Sell City of E1 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 this resolution; shall cause the original of the same to be entered in the book of resolutions of said City of E1 Segundo, and shall make a minute of the passage and adoption thereof in the records ofthe proceedings of the said City Council of said City, and in the minutes of the meeting_ at which the same is passed and adopted. Passed, approved and adopted this 5th day of November, 1947. Mayor of the City o Se cm in do, California. 2 . STATE OF CALIFORNIA ) COUNTY 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 5th day of November, 194'7. That said resolution was adopted by the following vote: AYE'S: Councilmen Baker, Peterson, Skellev, Thompson and Mavor Selby. NOES: Councilmen None. ABS&; T: Councilmen None. 1 City Clerk of t rma tat of El Segundo, Ca fo (SEAL) 3.