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1 <br />• 2 <br />3 <br />• 4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />• <br />0 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />RESOLUTION NO. 4207 <br />WHEREAS, there has been presented to the City of Newport Beach <br />a Consent to Sublease dated February 8, 1954, wherein and whereby the City <br />of Newport Beach consents to the execution of a sublease by the Newport <br />Bay Company to the Lamar Life Insurance Company. wherein and whereby the <br />Newport Bay Company subleases a portion of the premises leased from the <br />City of Newport Beach under Lease dated March 24,, 1948; and <br />WHEREAS. said Consent to Sublease contains, as Exhibit A, the <br />proposed Lease Agreement in which the said Newport Bay Company subleases <br />a portion of its premises to said Lamar Life Insurance Company; and <br />WHEREAS. said Exhibit A. the Lease Agreement. has in turn, an <br />Exhibit A which constitutes a plat of the property to be subleased by the <br />Newport Bay Company to the Lamar Life Insurance Company, and also has <br />Exhibit B to said Exhibit A. which Exhibit B is the proposed form of Agree- <br />ment of Sublease between the said Lamar Life Insurance Company and the <br />Newport Bay Company, wherein and whereby the Lamar Life Insurance Company <br />agrees to sublease back to the Newport Bay Company the portion of the de- <br />mised premises which is to be subleased by the Newport Bay Company to the <br />Lamar Life Insurance Company after the Lamer Life Insurance Company has <br />constructed certain residential units thereon; and <br />WHEREAS, by consenting to the Sublease by the Newport Bay Company <br />to the Lamar Life Insurance Company the City of Newport Beach is also consent- <br />ing to the Agreement of Lease wherein and whereby the Lamar Life Insurance <br />Company subleases the said premises back to the Newport Bay Company: and <br />WHEREAS, it appears to be for the best interests of the citizens <br />of the City of Newport Beach that the City of Newport Beach execute said <br />Consent to Sublease dated February 8. 1954; <br />NOW, THE6EFOBE, BE IT RE MEM, that the !Mayor and City Clerk of <br />the City of Newport Beach be, and they aa$ hereby, authorised and directed <br />to execute said Consent to Sublease dated February 8, 1954. and to transmit <br />five 4.keouted copies thereof to the Newport Bay Company. <br />-1- <br />fV <br />