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HomeMy WebLinkAbout2329 - Pacific Electric Railway Company AgreementLlj 0 1 2 3 4 b 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 !, 22 23 24 26 26 27 28 29 30 31 32 LAW OFFICES OF ROLAND.TNOMPSON 210 SPURGE" BVILDMG SANTA ANA. CALIF. RESOLUTION NO. � WHEREAS, there has this dap been presented to the i City Council of tae city of Newport Beach a certain agreement between the Pacific Electric Railway Company, a corporation, in said agreement referred to as "Railway ", and the Cite of Newp-)rt Beach, a municipal corporation of the State of California, in said agreement referred to as the "City "; and WHIRr,AS, said agreement provides for a stipulated award in the event said City shall condemn a certain right of wa,, for exclusive use of the City, which right of way lies between two roadways of Central Avenue in the city of Newport Beach between McFadden Place and "R" Street; and Wim,REAS, said agreement further provides for the transfer of certain property to the city in the event said award agreed upon shall be paid; and WHEREAS, said agreement further provides, in the event said award is paid, for the granting of certain privileges for the re— setting of Railway's poles, wires and attachments, and further provides that any decree of condemnation shall have in it certain provisions therein stipulated to; and. WHEREAS, it is the opinion and judgment of the City Council of the city of Newport Beach that said agreement is in all respects fair and just and that the consideration for said right of way is a fair and just consideration; and WHEREAS, it is further the judgment and opinion of the City Council that it is for the benefit and best interests of said City that said agreement as presented be executed and carried into effect. NOW, THEREFORE,BE IT RESOLVED: That it is for the best interests and benefit of said city of Newport Beach that said agreement herein referred to be executed, and the Mayor and City 1. • • 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 24 25 26 27 28 29 30 31 32 LAW OFFICES OF ROLAND THOMPSON 210 SPURGEON BUILDING SwNTw ANA, CALIF. Clerk of the city of Newport Beach be, and they are hereby directed, instructed and authorized to execute said agreement in the name of and on behalf of the city of Newport Beach, en d that the City Clerk deliver a duly executed copy thereof to the "Railway ". I hereby certify that the above and foregoing resolution was duly and regularly passed and adopted by the City Council of the city of Newport Beach at an adjourned regular meeting thereof held on the 16th day of June, 1941, bar the following vote, to —wit: AYES, COUNCIL14EN: p q { �la►tr� NOES, COUNCILL N: ABSENT, COUNCILMEN: TEST: r � ' My CleA �Pdayor of t e city of Newport Beach