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52 Las Vegas, Nevada July 22, 1953 CALL OF SPECIAL MEETING___ TO: SHIRLEY BALLINGER, City Clerk Las Vegas, Nevada A special meeting of the Board of Commissioners of the City of Las Vegas is hereby called to be held in the Council Chambers at the City Hall, on the 22nd day of July, 1953 at the hour of 4:00 P.M. to consider the following matter: 1. Negotiations on Sale of Strip property. s/ C.D. BAKER Mayor NOTICE OF SPECIAL MEETING TO: C.D. BAKER, Mayor and to WENDELL BUNKER, REX A. JARRETT, HARRIS P. SHARP, REED WHIPPLE, Commissioners and .AH. KENNEDY, Acting City Manager, HOWARD W. CANNON, City Attorney of the City of Las Vegas, Nevada. You and each of you will please take notice that pursuant to a call this day issued by Mayor Baker, a special meeting of the Board of Commissioners of the City of Las Vegas, Nevada, will be held in the Mayor’s office at the City Hall, 5th & Stewart, on the 22nd day of July, 1953, at the hour of 4 :00 P.M. to consider the following matters: 1. Negotiations on Sale of Strip Property. Shirley Ballinger City Clerk BY: Grace Valenziano Deputy City Clerk ACCEPTANCE OF NOTICE C.D. BAKER Mayor WENDELL BUNKER Commissioner REX A. JARRETT Commissioner HOWARD W. CANNON City Attorney REED WHIPPLE Commissioner HARRIS P. SHARP Commissioner .AH. KENNEDY Acting City Manager NEGOTIATIONS - Sale City Owned Strip Property A special meeting of the Board of Commissioners of the City of Las Vegas, Nevada called to order at the hour of 4:00 P.M. by His Honor Mayor C.D. Baker with the following members present: Commissioner Commissioner Commissioner Mayor Acting City Mgr. Asst. City Atty. Dep. City Clerk Rex A. Jarrett Harris, P, Sharp Reed Whipple C.D. Baker A.H. Kennedy Ralston O. Hawkins Grace Valenziano Absent: Commissioner Wendell Bunker City Attorney Howard W. Cannon City Clerk Shirley Ballinger Mr. Clifford Jones was present to discuss the Sale of the City owned Strip Property with the Board. Mr. Jones spoke in behalf of Mr. Paul B. Sogg. The following proposal was made: To purchase the property owned by the City of Las Vegas located on U.S. Highway #91 South of Las Vegas, Nevada, and commonly known as and referred to as the "City of Las Vegas Strip Property", which property consists of 477 feet of Highway Frontage and comprises 44.71 acres, for the sum of $255,000.00 Dollars, payable in cash as follows: (a) Twenty Five Thousand Five $25,000.00 Dollars payable this date, which sum is to be placed in an escrow to be set up to cover this transaction, said escrow to close within ninety days from the date of its opening. (b) Further sum of One Hundred Thousand Dollars to be paid into such escrow within thirty days from the opening date thereof. (c) The balance of One Hundred Forty Five Thousand Five Hundred Dollars to be paid into said escrow on or before ninety days from the opening of same. The proposed escrow should be set up subject to the following terms and conditions (a) At the close thereof, the Seller shall deliver to the Buyer a good and 7-22-53