HomeMy WebLinkAbout7435 - Space EasementRESOLUTION NO. 7435
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
• OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF
AN AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH,
THE IRVINE COMPANY, AND KAISER AETNA, A
PARTNERSHIP, IN CONNECTION WITH A SPACE
EASEMENT
WHEREAS, The Irvine Company is the owner of that
certain real property located in the City of Newport Beach,
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more commonly known as 369 San Miguel Drive (subject property);
and
WHEREAS, Kaiser Aetna is the Lessee by assignment
of the subject property under a long term ground lease agreement
between Lessor and Lee Development Company, dated September 9,
1969; and
WHEREAS, Lessee proposes to construct a three story
professional building on the subject property with increased
floor area as permitted by Section 506, subsection 1, of the
Uniform Building Code by providing an increase in the separation
of the building on two sides; and
WHEREAS, The Irvine Company and Kaiser Aetna have
agreed to keep said separation of the building on two sides free
and clear of any obstructions for the term of their ground lease
agreement;
NOW, THEREFORE, BE IT RESOLVED that said agreement for
the space easement above described is approved and the Mayor and
City Clerk are hereby authorized and directed to execute the same
on behalf of the City of Newport Beach.
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ca ATTEST
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City Clerk
ADOPTED this 24th day of Max , 1971.
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Mayor
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3/5/71