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HomeMy WebLinkAboutCC RESO 8013RESOLUTION NO. 8013 RESOLUTION APPROVING THE PROPOSED SALE OF EIGHT PARCELS OF REAL PROPERTY OWNED BY CITY OF NATIONAL CITY The City Council of the City of National City does hereby resolve, determine and order as follows: 1. By adoption of Resolution No. 7967 on July 25, 1961, this City Council did find and determine that the public interest and convenience requires the sale of all that certain real prop- erty more particularly described in said Resolution, which said description is made a part hereof by reference. 2. That said resolution was duly published in the National City Star News, a newspaper published in the County of San Diego, State of California and was also posted for not less than ten days in at least three conspicious places upon each parcel of real prop- erty affected. 3. That this City Council slid duly conduct a hearing re- garding said proposed sale on the 22nd day of August, 1961 at the time and olace fixed by said resolution. That at said hearing, no protests, either written or oral, were received against said pro- posed sale. 4. That following the said hearing, the City Council did consider the best means of selling said real property for the common benefit of the citizens of the City of National City. That after extensive study of all pertinent factors, the City Council does now find and determine that it is for the best interest of the City of National City and the residents thereof that said real property should be advertised for sale on the following basis: a. That the proposed sale shall be by sealed bid, with an opportunity granted to increase the highest bid received. b. Notice of sale in substantially the form set out in Exhibit A hereto attached and by reference made a part hereof is hereby approved and adopted. c. That the terms and conditions for said sale set out in Exhibit B hereto attached and by reference made a part hereof are hereby approved and adopted. That a commission may be paid to a duly licensed real estate agent for securing a successful bidder pursuant to these terms and conditions. S. The City Clerk be and hereby is authorized and directed to publish notice of said proposed sale in at least three separate issues of the National City Star News and shall post notice of such proposed sale in at least three conspicious places in National City, California. PASSED AND ADOPTED this / / day of October, 1961. ATTEST. • MAYOR CITY CLERK NOTICE OF PROPOSED SALE OF REAL PROPERTY OWNED BY CITY OF NATIONAL C IT Y NOTICE IS HEREBY GIVEN that City of National City invites sealed bids for purchase of certain, real property owned by the City consisting of eight separate parcels of land. The legal description of said property, the terms and conditions of sale, the regulations for payment of a real estate commission on account of said sale, and other particulars may be secured from the City Clerk at her office, 1243 National Avenue, National City, California. The sealed bids will be opened at a regular meeting of the City Council of National City on �LC� �z ��/ /y/t the hour of 2:00 p.m. There- after, the City Council will accept additional bids. The first shall not be less than 5% greater than the highest sealed bid. The minimum price for which said property will be sold is the sum of $3535.00 net for each separate parcel. The City reserves the right to reject any and all bids. Bids should be submitted on each separate parcel and not on the property as a whole. DATED: October i% , 1961; City Clerk of National City EXHIBIT _A TERMS AND CONDITIONS FOR PROPOSED SALE OF EIGHT PARCELS OF REAL PROPERTY OWNED BY CITY OF NATIONAL CITY The City Council of National City has determined that any bid submitted for purchase of that certain real property owned by said City and more particularly described in Resolution No, 7967 which is made a part hereof by reference shall be subject to the following terms and con- ditions, to which each bidder agrees by submitting a bid. The terms and. conditions are as follows: 1, The property may be sold on the basis of at least one-fourth down, 10% of which must be submitted with the bid, the balance to be paid not more than thirty (30) days after acceptance of the bid by City. 2; A note may be given for the 75% balance to be payable in three equal annual installments, together with 5% interest, Said note shall be secured by a Deed of Trust. 3, Real estate agents desiring to receive a commission for securing bidders may register with the City Clerk without fee. Only an agent or broker having a valid license issued by the State of California and having registered prior to the time of submitting a bid, shall be elig- ible to receive any commission; 4. In determining the high bid, the City Council shall consider the net su.m to be realized by the City after the payment of a commission. Each bid shall state the amount of commission, if any, to be paid. 5 In the event that the property is sold as a result of a bid received in open meeting of the City Council, only the amount by which the suc- cessful bid exceeds the highest sealed bid shall be used as the basis for computing a commission tO the agent securing the successful bid, In such event, the agent securing the highest sealed bid shall receive a commission based on the amount of the tighgst sealed bid. -1- EXHIBIT B 6, Any commission shall be paid only upon receipt of cash by the City on account of the sale, 7, If an escrow is desired, all costs shall be borne by purchaser, 8, The minimum acceptable bid will be $3535, 00 for each separate parcel net to City,' 9, The City Council reserves the right to reject any and all bids, -2-