HomeMy WebLinkAbout82-132 - International Bay Clubs Sublet AuthorizationRESOLUTION NO. 82 -132
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING INTERNATIONAL BAY
• CLUBS, INC., TO SUBLET CERTAIN PORTIONS OF THE
BALBOA BAY CLUB PREMISES TO DIANE MYERSON
D/B /A "GIMONE'S" (WOMEN'S CLOTHING STORE),
CONSISTENT WITH THE RATE OF RENTAL PAYMENTS
ESTABLISHED BY RESOLUTION NO. 9437
WHEREAS, the City of Newport Beach has entered into a
Lease dated March 24, 1948, with the predecessors -in- interest to
International Bay Clubs, Inc., of certain City -owned real
property generally referred to as the Balboa Bay Club site; and
WHEREAS, said Lease provides, among other things, that
International Bay Clubs, Inc., shall not sublet the premises
described in said Lease, or any part thereof, for the purpose of
operating and conducting any business enterprise at, in, or about
the same, for a term in excess of a period of one year without
the written consent of the City of Newport Beach first had and
obtained; and
WHEREAS, International Bay Clubs, Inc., has requested
that the City Council of the City of Newport Beach approve a
Sublease, for the sale of men and women's retail clothing,
accessories and gift items, for a period of two years, expiring
on September 30, 1984; and
WHEREAS, after consideration thereof, the City Council
of the City of Newport Beach wishes to approve said sublease; and
WHEREAS, the City Council of the City of Newport Beach
adopted Resolution No. 9437 on September 25, 1978 establishing
the rate of rental payments to the City of Newport Beach for
subleases of the Balboa Bay Club premises for commercial purposes
• for terms in excess of one year, which rental rate will apply to
the herein referenced sublease;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Newport Beach, as follows:
1. The City Council of the City of Newport Beach
• hereby approves the sublease between International Bay Clubs,
Inc., as Lessor and Diane Myerson d /b /a Gimone's, for a term of
two (2) years, terminating September 30, 1984. The purposes for
which the premises are subleased are for the operation of a
retail store for the sale of men and women's clothing,
accessories and gift items.
2. It is mutually agreed between the City of Newport
Beach and International Bay Clubs, Inc., that pursuant to
Resolution No. 9437 of the City Council of the City of Newport
Beach, that International Bay Clubs, Inc., shall pay to the City
of Newport Beach the rental rate as established in said
Resolution No. 9437. Said rental rate is as follows:
(a) 2 1/2% of the first $1,000.00 of gross sales
per month; and
(b) 2% of the second $1,000.00 of gross sales per
month; and
(c) 1 1/2% of the balance of gross sales per
month.
Adopted this 27th day of September , 1982.
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AAT7�lEST_: .
• City Clerk
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