HomeMy WebLinkAbout14 of 1928 - A resolution directing and authorizing the payments of notes on property owned by the Auerbach Realt .,t�, - - l` 1 T. fix✓
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Burton V ..:.
Fehr I move that the resolution be adopted.
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'.',A Finch „,
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i.,.. Moran
Mr.Chairman - - - -
Result I
RESOLUTION r'
CfdILR'.2LS, the Board of Commissioners on key 10th, la3,
authori7,ea the purcirse of Linasfy Gar:ens, oro3erty in 'locks 11'.-..,
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11:7, 140 in! 7 ,.1, Plat Pe,!, ; .it LC-.E. City curvcy, ere in Blocl:s
57, T, an. 7'!, ?let rCi!', Eli; L.',•ke! City -urvey, from .:_uer'd-ch a!ealty
Comoany, ,'2ncl' authorl7ee the payment for cone of the sure or C',fteen
Thous Ln. 00/100 (,.l..E,00).' ) Lollars, !!_'-c) L'hodse,:nd Five iudref
ene! 00/100 (er;s,500.00) Jo27ars to be nai,_ in cash dne the balance
to be in nthtes.
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NO . THL:daPORE, B. Li PdSOLVEL thatthc 11a,yor and City
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Recor6er be and they are hereby directee and authori7ee to execute ,
and deliver to Luerbach Realty Comeny ne7otiable nromissory notes k
of Cart Luke City, as follows:
o ,e note for '5,000.00, 1-.!adble on January 10,
19:!.9; one note for ,Z,000.00, nayable on JLnuary 10, 1— 0;
en e one note for ,';,,000.00, alayeble on January 10, 1-:-1; r
each crte,.. Juno 2, 13, beerind inter,et at the rate of' !.
r.! six ,,er cant (,-,d) ,,er ennum Crow a: te until aaie .
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aid.1 notes to be celiveree to faaerbach F.!eLlty Coal:emy w -on the co !'1-
livery ID' sai,i coo any an!' acce ,t,-nce by tne city of -eerranty deed
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conveyin saie 2roperty to seit city, toe,ether with cuit-claim
deed to all interests in the acjoinin, 'nd abuttinE!! strcets. v
a.7CC "'_-)y the oar'.. or Co 1 i ss oners oT fait Ra7,e City,
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