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Tho City reserves the right to reject any &nd a~l bids, er p~rts <br /> <br />The City shal! pay the cost o£ a title guaranty in the amount of <br /> <br />successful bidder shall pay one-hail the eacrov fee. Taxes and <br />assessments, if any, shall be prorated as of the date of the fil- <br />ing of the deed for record. <br /> <br />Each bidder shall deposit not lens than 5% of tho su~ bid for <br />said real estate, to guarantee tho faithful performance of t. he <br />bid~ each deposit shall be in the form of a certified check, <br />checks of unsuccessful ~idders shall be returned to them upon the <br /> <br />award being made, and the check of the euc.eeasful bidder will be <br />re~ained and applied against ~he bid pries, the balance of the <br />bic price ah~ll be dePOsited with the eecree agent within thirty <br />d~ys after %ha award ef tho bid. <br /> <br />The Council, upon the award of the bid being m~...?o, shall direct <br />tho maid Frank P. Celeste, DireCtor of Public ~orks and the ~yor <br />of the City, to convey said real estmte by limited warranty deed <br />to the sUCCeSsful bidder therefor according to law. <br /> <br /> Section ~. That this ordimance ia hereby declared to be an emer- <br />gency measure for the reaeon~ stated in the pre~mble hereof and provided <br />it receives tbs affirmative vote of t~o-thir~s of all m~mbers elected <br />· o Council, it shall take effec% and be in force lnme~i~tely upon its <br />adoption and approval by ~ho ~ayoro <br /> <br />Adopted~=$eptemb~r!~. <br /> <br />Approved:.~S~eDtemb.~r 16. 19~8 <br /> <br />_ ~. A. Eeee . <br /> <br />.... Frank,P, ~e~e~te <br />~yor and Di~tor ~f Public ~rks <br /> <br /> <br />