CC RESOLUTION 1035RESOLUTION NO. 1035
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, ACCEPTING THE TIME PAYMENT BID OF WILLIAM R.
NIVEN FOR CERTAIN CITY OWNED REAL PROPERTY.
WHEREAS, the City of E1 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
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. Ten M of Intention to Sell City of E1 Segundo Owned Real
Property and Inviting Bids or Offers Therefor. ", and which
said notice was published in the El Segundo Herald in
the issues of December 9, 16 and 23, 1948; and
WHEREAS, responsive to said notice, the bid hereinafter
specifically mentioned for the property hereinafter described
was filed, and has been duly considered by this Council; and
WHEREAS, this Council has reached a decision with
reference to the sale of said property;
NOW, 'THEREFORE, be it resolved by the City Council of
the City of E1 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, to -wit:
Lot 3, Block 4, E1 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 4850.00 for said parcel of property.
ird: That the bid of William R. Niven, Jack H. Rowly,
and Kenneth G. Farrar, as joint tenants, hereinafter called
the purchasers, to purchase by good and sufficient deed with
policy of title insurance from said City for the sum of $850.00
payable in installments within the time and upon the conditions
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and terms hereinafter stated, 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 following conditions:
1. The terms and conditions of said "Notice No.
Ten M of Intention to Sell City of El 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. $250.00 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: 454.60 or more, and interest on the unpaid
principal balance on the 5th day of November, 1949, and $54.54
or more, and interest on the unpaid principal balance on the
5th day of December, 1949, and on the 5th day of each and every
month thereafter until the 5th day of September, 1950, when the
entire balance due on the principal and interest becomes due
and payable.
Fifth: That the purchasers, within ten days from and
after written notice of the 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 agreements as printed by the title companies
of Los Angeles 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
2.
damages, and said City shall thereupon be free and without
liability to said successful bidders to sell said property
to any other purchaser.
Sixth: 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 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 purchasers upon receipt by said Clerk for said City of
said initial payment of $250.00 and the delivery to said City
Clerk for said City of a like duplicate of said Contract of Sale
executed by said purchasers; 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 purchasers a quitclaim deed of said
real property, together with a policy of title insurance showing
said property vested in the City of El Segundo.
Seventh: That the bid of said purchasers, 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. Ten 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.
EiFht he 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 of the proceedings of the said
City Council of said City, in the minutes of the meeting
at which the same is passed and adopted.
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Passed, approved and adopted, this 5th day of
October, 1949.
1
Mayor of the City El
Segundo, Califarriia.
STATE; OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF EL SEGUNDO )
I. VICTOR D. MCCARTFY, 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 October, 1949.
That said resolution was adopted by the following
vote:
AYES: Councilmen Baker, Peterson, Swanson, Thompson and Mayor Selby.
NOES: Councilmen None.
ABSENT: Councilmen None.
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