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HomeMy WebLinkAbout5661 - Balboa Improvement Association2 (12) � 1 RESOLUTION NO. -S( a i 2 A RZSOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPOP.T BEACH AUTHORIZING THE EMCUTION OF A 3 CONTRACT WITH BALBOA IMPROVEIZI TP ASSOCIATION, INC. 4 5 UIMR AS, the City owns Lots 8 and 9 in Block 9 of Balboa 6 Tract; and 7 T- MEREAS, a portion of said lots is vacant and would be 8 suitable for a parking lot; and 9 T10REAS, Balboa Improvement Association, Inc., has 10 requested permission to improve a portion of said lots and provide 11 a parking lot thereon; and 12 TAMEREAS, it would be to the mutual benefit of the City 13 and the Association and in the public interest to have said 14 property improved for parking purposes; 15 NM-J, THE EFORE, BE IT RESOLVED that the City Council 16 hereby approves that certain contract dated the 27th day of 17 August, 1962, with Balboa Improvement Association, Inc., under 18 which said Association is authorized to improve and use for parking 19 purposes,for an initial term of two years with an option to 20 extend the term for a period of two additional years, that portio 21 of Lots 8 and 9 not used for street purposes or for the public 22 restroom located thereon, upon malting an annual payment of $300 to 23 the City beginning September 1, 1963. 24 BE IT FURTIMR. RESOLVED that the Mayor and City Clerk be 25 and are hereby authorized to execute said contract on behalf of the 26 City. 27 ADOPTED this da of *dgm September y , )1 28 29 Mayor 30 ATTEST: 31 -� yJ. Clerk 32 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF NEWPORT BEACH) I. MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and maintained in my office, the foregoing Resolution Noe 5661 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport Beach, California, at a regular meeting of said City Council held at the regular meeting place thereof, on the 11th day of September. , 19 62 , by the following vote, to wit: AYES, COUNCILMEN: Stoddard, Gruber, Cook, Hart, Lorenz, Marshall, Elder NOES, COUNCILMEN: N„ „a ABSENT, COUNCILMEN: None Dated this 12th day of September , 19 62 City Clerk n x-Officio er c o t o - City Council, C ty of Newport Beach, State of California.