HomeMy Public PortalAbout1425 (03-23-42) y� �` � �
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. ' RESOLUTION N0. i4z5 ..
. : ; RESOLIITION ACCEPTING OFFER OF HARLEY HISE, "
-. :, BUILDIN(� AND LOAN COMMISSIONER OF TFIE STATE ;'
J � OF,CALIFORNIA, IN POS3E9SION OF�THE AS3ET8�., .
OF PACIFIC STATES SAVIN(�S AND'L�AN COMPANY�
` . TO ,PTJHbHASE TAX DEEDED LANDS',
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, ' � The CiLy Gouncil, of the City oP I:ynwood � doea hereby re- .--
,�, solve, Yind; det.ermine and o'rder as-Pollowa:, �
� : � Se.etion 1. ,Ths.t the oi Ly.nwood,has-heretoPore entered'
into a, contra�et , with the `County, 1 of Los` Angeles, which fias been, �,
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' , approved by the State Controller, for the sale by,the.County '
�, and �purchase by the City oP certain tax deeded lands'in said •, ,
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.:• Section,2, That pursuant to law and-order of the.Eoard oY
Supervieors of-eaid°County notice of the,execution of said�con�- '�
� `��tract and of,the proposed sale of eaid lands by the County of
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•- Los Angeles and by the City of•Lynwood'has been dul,y published, .
' �, Seetion j; Tha.t Harley Hise,.Buildin� and Loan�Commissioner .:
`. '. of the.State.of Eallfornia; in poases,sion of the e.esete of Paci-
Pic, 3tates Savinge and Loan Compang,_ has submitted his'offer.
° for the purchase of.the tax deeded parcels oY le.nd p�rticuls.rly
� #*eYerred`to in eaid offer for�the sum �69�212. plus costs .
of sale. .That-said of.Yer is.the best and hlghest offer received `
for said tex deeded la,nda. • . �
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� Sectios 4, Tha.t this City Couneil:does hereby accept the
�. . said:offer of Harley Hise, Building and Loan Commisaioner of �.
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the,State of California, in posseasion of the assets of PaciPic
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:�, r' States Savings and Loan Company,.and does.agree.'t.o execute a.nd
�� deliver to gaid offeror its deed,conveying eaid lands, to Pacifib
- S.te.tes Savings and Loan Company„ except as to the reaervations �
Yiereinaf�er made and sub�ect to all asaessmente,,reassessments;��
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._ � bonde and,liens of record, upon payment oY the purchase price
st'ated in said offer, when the City of Lynwood has receined
a deed Yrom the County of Los Angeles conveying said parcels
to the City of Lynwood, Should any of said ps.rcels be re-
deemed as provided by 14w, this agreement aha11 be of no effect
zs to those parcele so redeemed, and the consideration paid
representing those parcele shall,be returned to said oBEror,
Section 5,. The City of Lynwood reserves the right to se.11
� any oY sa.id tax deeded ls.nde to any persona or corporation who
might offer a price greater`tha.n the offer of.sai@ Harleq Hiae,
Building and Loan Commissioner of the Ste,te of California, in�
poasession of the asseta of Pacific States Savings and Loan
Company, prior to the execution of the deed by the City oY Lqn�
� orood, as aforesaid, In the event any such other offers shall be
accepted the consideration pa3d by se.id Harley Hise, Building
and Loan Commissioner of the Sta.te of GaliYornia, in possession
� --° of the asset's_of Pacific States Sav,inga and Loan Company, under .
- his offer, as to those specific naxcels, shall be returned to
them, .The City oY Lynwood fur.ther reaerves the right to hold : �
to its own account any of said ta.x deeded parcels upon reim-
k�ursing said Harley Hise 3uilding ancl Loan Commisaloner oP the
State of California, ia possession :of the asaets of Pacific Statea
Savings ar.d Loan Company, the amount of the purchase price thereof
° as established by the contract bet��een the City of Lynwood and
the Gounty of Los Angelea.
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ATTEST: . .
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STATE OF C.ILIFORNIA �
COL'NTY 0�' LOS .ANGELES : ss,
CITY OF LYN4`JOOD , ) �
I,. the undersigned City �lerk of the City_ of
Lynwood, do he,rehy certify that the above and i'ore�oing
` .'Resolution was�du�.y adopted by the City Counci�l of said
City at an ad tourned : regular �eeting thereof f.
held in Ltie City Hall of eaid City, on `th2 . 23 �day of
March ;, 191� 2; and ,passed by .the. foilOwing vote:
� A`lES:. COUidCILI�,rEN Christensen, Mcideekin and
Ziaunermun..
, NUF�S : COUNC IL14�N ` .
A$SENT: COUNEZL3rfEN Lake and Meyer. _
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