HomeMy WebLinkAboutReso 2746-1959 RESOLUTION NO. 2746
A RESOLUTION OF 'THE CITY COUNCIL OF THE CITY OF
SOUTH SAN FRANCISCO AUTHORIZING SALE OF LOTS 3 AND 4,
LORA LINDA TERRACE
· HEREAS, the public interest and convenience requires that the City of South
San Francisco sell and dispose of Lots 3 and 4 of Loma Linda Terrace, South San Francisco,
California, for the common benefit, and
WHEREAS, the City Council of the City of South San ~rancisco desires to call
for bids on sale of said lots.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco does intend to sell all of its right, title and interest to Lots 3 and 4 of
Loma Linda Terrace as is to the highest bidder for cash on the 6th day of April 1959 with
the provision and condition that bids for less than THREE THOUSAND DOLLARS ($3,000.00)
for each lot shall not be considered and further that the City Council reserves the right
to reject any and all bids.
BE IT FURTHER RESOLVED that this call for bids and sale of said lots shall be
subject to the following terms and conditions:
1. Bidders may submit bids for one or both lots and bidders may state whether
bid is limited as offer for both lots only. Should bidders so fail to state, City may
accept the highest for any one lot, and combine it with highest bid for the other lot.
2. Bidder shall post ten percent (10%) of his bid in cash or certified check
at the time said bid is filed with the City Clerk. U~on failure of bidder to post the
ten percent (10%) of his bid in cash or certified check, City may refuse to consider
said bid.
3. ~arketable title shall be evidenced by policy of title insurance issued by
the Western Title Insurance Company or San ~ateo County Title Company at expense of City.
4. Bidder assumes any encumbrances and assessments.
5. The ten percent (10%) deposit heretofore required shall apply to the purchase
price and the balance of the purchase price shall be deposited with Western Title Insurance
Company or San ~ateo County Title Company within fifteen (15) days after execution of agree
merit of said sale executed by City and bidder. Should bidder fail to complete purchase of
the property, City may retain the ten percent (10%) deposit as liquidated damages and shall
be released from any and all obligations in law or'equity to convey said property to bidder
6. The terms and conditions set forth in the notice calling for bids is incor-
porated herein and made a part hereof.
BE IT FURTHER RESOLVED that the time fixed for considering said bids and hearing
protests to the proposed sale shall be at 8:00 p.m. on the 6th day of April 1959 in the
Council Chambers, City Hall, South San Francisco, California, and that publication of the
notice of said hearing shall be made in the Enterprise Press more than ten (10) days prior
to said date and further that final action with respect to sale of said lots shall be taken
by the City Council at said time.
RESOLUTION NO. 2746 (CONTINUED)
I hereby certify that the foregoing resolution was regularly
introduced and adopted by the City Council of the City of South San
Francisco at a regular meeting held this 2nd day of March~ 1959, by
the following vote:
AYES,
Councilmen G. J. Rozzi, Andrew Rocca, Emilio Cortesi,
Leo J. Ryan and Patrick E. Ahem
NOES~ None
ABSENT, None
ATTEST:
ARTHUR A. RODONDI
CITY CLERK