CC RESOLUTION 1296Resolution :o. 1296
RESOLUTIWr OF THE CITIr COIJI'CIL OF THE Cin OF EL SE'Glli]DO,
CALTFOR.�IA, ACCEPTIjvG T IE TIC Z PAYMEEL T 13ID OF PHILIP i4OLLIdiAId
FOR CERTAIN CITY OvU-AM REAL PROP'R'TY.
MEREAS, the City of El Segundo, California has heretofore
instituted and is now prosecutiing a general conprenensive program
for the restoration of tax deedea properties within said City to a
tax paying basis; and
,. EREAS, pursuant to the said procedure as so established, the
Council has caused to be given and published a novice of intention
to sell the interest of said City in certain of such tax deeded
parcels, which said notice is desibnated as lli�otice Jo. Twelve P.4 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
E1 Segundo Herald in the issues of January 29, February 5th and
February 12th, 1953; and
WhLREAS, responsive to said notice t',e bid hereinafter specifically
mentioned for We 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;
iv0'4, iHEREFORE, be it resolved by the City Council of the
City of El Segundo, as follows:
First: That the particular property which is ti,--,e 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:
Lots 244 245 and 246 in Block 123, El Segundo, as per
Book 22, Pale 106 of Yaps, Records of Los 5ngeles County
Second: That it would be to the best interest of said City
to accept the bid nereinafter specifically referred to in the sum
of $4,01-00 for said parcels of property.
Third: That the bid of Philip Nollman to purchase by good
and sufficient deed, with policy of title insurance from tine City
-1-
Zr. $
for the sum of t4lol.00 said Lots 244p 245 and 246 in Block 123,
E1 Se,c,undo, saia bid made on behalf of Philip Nollman and Gertrude
Nollman, husband and wife, as joint tenants, hereafter called
the "purchasers ", said purchase price payable in installments wltt,in
the time and upon the conditions and terms nereinafter stated, BE k,D
TIT, SAiviE iS FAR -BY ACCEPTED.
Fourth; That the said acceptance of said bid and the sale
herein made by virtue of this acceptance tnereof are so accepted
and made subject to the f ollowinL- conditions:
1. The terms and conditions of saia- ",iotice ivo. Twelve M of
Intention to sell City of E1 Segundo Owned Real Property and
Inviting Kids or Offers `Therefor ";
2. That the said purchase price for said real property
to be so conveyed as above staked, is payable and shall be paid as
follows: $1026.00 upon execution and delivery of L,.,e contract of
sale hereinafter referred to, auc the balance of sa1.0 purchase
price, together with interest on the unpaic principal amount at the
rate of 7% per annum from the date of said contract of sale, principal
and interest payable in installments as follows: 9279.60, or more,
and interest on ti,e unpaid priicipal balance, on the 25th day of
March, 1953, and $279.54, or more, and interest on the unpaid principal
balance, on the 25th day of April, 1953, and on the 25th day of each
and every month thereafter until the 25th day of January, 1954, 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 tnat the said contract of sale has been prepared and is
ready to be executed, s,'-ail execute ana deliver t,,e required contract
of sale and purchase agreement containing the full usual provisions
included in one usual form os saia sale ana purchase agreements as
printed by the title companies of Los Angeles County, and approved by
the City Attorney or Special City Attorney, and ti.at if sucn purchasers
-2-
�ft.
or
fail to do so, then and in that event the said City, at the option
of the City Council thereof, stall be relieved of its ooligation to
enter into said contract of sale and to convey hereunder, ano the
amounts theretofore paid or depositea on said property or with said
bid stall be forfeited to said City as full and liquidated dariages,
and saia City shall thereupon be free and wit�out liability to
said successful biadere to sell said property to any other purchaser.
Sixth; That t, -ie riayor of tie City of 11 Segundo is hereby
authorized and instructed to execute in the name of saia City and
on its behalf the said contract o2 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 saiu City of El Segundo tnereto
and to deliver said contract of sale to said purchasers upon receipt
by said Clerk for said City of said initial payment of i:102o.00 and
the delivery to saia City Clerk for said City of a like duplicate of
said contract of sale executed by said purchasers; ano that the sz:dd
Mayor and City Clerk are nereoy 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 purchasers a qu_tclaim 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 purchasers, above referred to, be placed
on file in the office of tLe City Clerk of said City, end the said bia and
said "Notice iVo. Twelve of Intention to Sell City of El Segundo Owned
Real Property and Inviting Bids or Offers Tnerefor ", are hereby referred
to and by this reference expressly incorporated nerein and mace a part
hereof.
Eighth: That the City Clerk shall certify to the passage and aaoption
of tads resolution; stall cause the original of the same to oe entered in
the book of resolutions of said City of - -1 Segundo, and stall make a
minute of the passage ana aaoption thereof in ttie record of the proceed-
-3—
ings of the City Council of said City, in the minutes of the meeting
at which the same is passed and aaopted.
Passed, approved and aaopted, this 25th day of Fenruary, 1953.
Z� Z(V 09
ayor ol tne U1 ty o egun o
A "1T EST :
City Clerk
STAPE OF CALIFORr1IA )
}
COUNTY Or LOS ANGELES
CITY OF EL SEGUNDO )
I, NOVA N1. ILoEY, City Clerk of the City of El Segundo, hereby
certify that the foregoing resolution was adopted oy the Council of
the City of E1 Segundo, si�,ned by the Mayor and attested by the City
Clerk at a reUular meetinf. thereof neld on the 25th day of Februdsy,
1953•
That saia resolution was adopted by the following vote:
.YES: Councilmen - Baker, Gordon, Peterson, Swanson and Mayor Selby;
NOES: Councilmen - None;
AtiSYA;'1: Councilmen - None,
City Clerk of tie City El Segundo