Loading...
HomeMy WebLinkAbout2247 - Lease to JA BeekRESOLUTION N0. 1. WERREAS, there has this day been presented to the City Coun- -� oil of the City of Newport Beach a certain Lease and Amendment of Former Lease, dated the let day of Play, 1941, wherein the city of Newport Beach is the party of the first part and J. A. Beek Is the party of the second part; and WHEREAS, said Lease refers to lease from first party to second party dated November 9, 1927, and also written amendment to said lease dated March 3, 19300 which said lease is now in full force and effect; and WHEREAS, the leased premises have heretofore been improved by the party of the second part and said party of the second part desires to further improve the hereinafter described portion of the leased premises which will increase the cityls revenues under Its percentage rentals under said lease; and WHEREAS, the hereinafter described portion of said premises consiste.in part of tide lands granted to the city of Newport Beach by the State of California, and the remainder thereof'is uplands abutting upon said tide lands, and in the judgment of the city council of the city of Newport Beach the use of said portion of said tide lands and said uplands aforesaid, for industrial uses is and will be inimical to the beet interests of said city and that said former lease be amended as follows: That the prop- erty described in said lease be leased to lessee for a term of twenty -one years, six months and seven days from the date of said lease, and ending November 8th, 1962, upon the same terms, cove- nants, conditions and rentals, except as hereinafter set forth, to -wit: That said hereinafter described portion of said leased ' premises be leased for park, recreational, residential or educa- tional purposes, to the lessee; that for said portion lessee shall pay to the city, on or before November 9th of each year during said term, to and including November 8, 19420 030.00 per acre per year; from November 9, 1942, to and including November 8th, 1947, $40.00 per acre per year and from November 9, 1947, to the end of said term 050.00 per acre per year; and in addi- tion thereto lessee agrees to pay said city until November 8, 1947, 2v and thereafter during the remainder of said term 5p of all sums he shall receive from the use of said Portion of said leased premises, all as in said lease provided; and UTHEREAS, the City Council of the city of Newport Beach deems that it is for the best interests of said city of Newport Beach that said lease be entered into with the said J. A. Beek, covering said portion described as follows: A strip of land one hundred (100) feet in width,East and IQest, lying adjacent to and Easterly of Beacon Bay Subdivision, as shoUm on a Record of Survey Map filed in Book 9, pages 42 and 43 in the office of the County Recorder of Orange County, California, said strip being bounded on the South by the United States Bulkhead line between stations Nos. 101 and 200 and bounded on the north by the northerly line of the land conveyed to the City of New- port Beach by the Irvine Company, as described in deed recorded September 25, 1929, in Book 306, page 375 of Official Records of Orange County, California. NOVI, THEREFORE, BE IT RESOLVED: That the Mayor and City Clerk of the city of Newport Beach be, and they are hereby directed, instructed and authorized to execute said lease in the name of and on behalf of the city of Newport Beach, and that the City Clerk deliver a duly executed copy thereof to the Lessee therein named. I hereby certify that the above and foregoing resolution was duly and regularly passed and adopted by the City Council of the -2- city of Newport Beach at an adjourned regular meeting thereof held 'p on the 1 day of May, 194 -1, by the following vote, to -wit: AYES, COUNCILMEN: �6T. �lnemrvt, � ®¢ e7A. NOE, COUNCILMEN:1%_p'T-,, e , f -3- ABSENT, COUNCILMEN: Mayor of the city of Newport Beach.