CC RESOLUTION 12336'x'76
RESOLUTION N0. 1233
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, ACCEPTING THE TIME PAYMENT BID OF DEXTER K. BENSON
AND OLGA R. BENSON FOR CERTAIN TAX DEEDED PROPERTY.
WHEREAS, 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
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 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 E1 Segundo, County of Los Angeles, State of California,
and is described as follows:
Lots 5 and 6, Block 15, El Segundo, as per 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 $p1,000.00 for said two parcels of property.
Third: That the bid of Dexter K. Benson and Olga R. Benson,
husband and wife, as joint tenants, to purchase by good and sufficient
deed, with policy of title insurance from the City for the sum of
$1,000.00 said Lots 5 and 6, Block 15, El Segundo, said purchase price
payable in installments within the time and upon the conditions
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 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: $250.00 upon execution and delivery of the contract of
sale hereinafter referred to and the balance of said purchase price,
together witih interest on the unpaid principal amount at the rate of
7% per annum from the dale of said contract of sale, principal and
interest payable in installments as follows: $68.20, or more, and
interest on the unpaid principal balance, on the 28th day of June,
1952, and $68.18, or more, and interest on the unpaid principal
balance, on the 213th day of July, 1952, and on the 28th day of each
and every month thereafter until the 28th day of April, 1953, when
the entire balance due on the principal and interest becomes due
and payable.
Fifth: That the purchaser, 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 full usual provisions
included in the usual form of said 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 damages, and
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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 E1 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
name 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 E1 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. 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.
Eighth: 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 City Council of
said City, in the minutes of the meeting at which the same is
passed and adopted.
ATTEST:
Passed, approved and adopted, this 28th day of May, 1952•
Mayor of the City of El Segundo.
City Clerk. -3'
6779
C / a
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES
CITY OF EL SEGUNDO )
I, NEVA M. ELSEY, City Clerk of the City of E1 Segundo,
hereby certify that the foregoing resolution was adopted by the
Council of the City of El Segundo, signed by the Mayor and attested
by the City Clerk at a regular meeting thereof held on the 28th
day of May, 1952.
That said resolution was adopted by the following vote:
AYES: Councilmen - Baker, Swanson and Mayor Selby;
NOES: Councilmen - None;
ABSENT: Councilmen - Gordon and Peterson.
Clerk of the City of 7r eguiTd—o