HomeMy WebLinkAbout1371 - Lease to JA BeekAb
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LAW OFFICES OF
ROLAND THOMPSON
310 9YURGEON BUILDING
SANTA ANA, CALIFORNIA
RESOLUTION NO. +�
WHEREAS, there has this day been presented to the
City Council of the city of Newport Beach a certain Lease and
Amendment of Former Lease, dated the 18th day of July, 1938,
wherein the city of Newport Beach is the party of the first
part and J. A. Beek is the party of the second part; and
WHEREAS, said Lease refers to lease from first party
to second party dated November 9, 1987, and also written amend-
ment to said lease dated March 3, 1930, which said lease is now
in full force and effect; and
WHEREAS, the leased premises have heretofore been
improved by the party of the second part and said party of the
second part desires to further improve the westerly portion of
the leased premises and to increase the city's revenues under
its percentage rentals under said lease; and
WHEREAS, the westerly portion of said premises
consists in part of tide lands granted to the city of Newport
Beach by the state of California, and the remainder thereof
is uplands abutting upon said tide lands, and in the judgment
of the city council of the city of Newport Beach the use of the
westerly portion of said tide lands and said uplands aforesaid,
for industrial uses is and will be inimical to the best
interests of said city that said former lease be amended as
follows: That the property described in said lease be leased
tO lessee for a term of twenty -four years, three months and twenty
days fromthe date of said lease, and ending November 8th, 1968,
upon the same terms, covenants, conditions and rentals, except
as hereinafter set forth, to -wit: That the westerly portion of
said leased premises be leased for park, recreational,
residential or educational purposes, to the lessee; that for
said westerly portion lessee shall pay to the city, on or before
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LAW OFFICES OF
ROLANO THOMPSON
210 SPURGEON BUILDING
SANTA ANA. CALIFORNIA
November 9th of each year during said term, to and including
November 8, 1942, $30.00 per acre per year; from November 9,
1942, to and including November 8th, 1947, $40.00 per acre per
year and from November 9, 2947, to the end of said term $50.00
per acre per year; and in addition thereto lessee agrees to
pay said city until November 8, 1947, 2% and thereafter during
the remainder of said term 5% of all sums he shall receive from
the use of said Westerly Portion of said leased premises, all
as in said lease provided; and
WHEREAS, for the Easterly portion of said leased
premises Lessee shall pay to the city up to November 8, 19529
the rental and percentages provided for in said lease dated
November 9, 19279 and for the remainder of said term, shall pay
to the city, on or before November 9, of each year, $50.00 per
acre per year, and in addition thereto agrees to pay said city
during the remainder of said term from November 8th, 1952, to
November 8, 1962, seven and five- tenths percent (7.5 %) of all
the gross sums he shall receive from the use of said Easterly
portion or any part thereof, all as in said lease more
particularly set forth; and
WHEREAS, The City Council of the city of Newport
Beach deems that it is for the best interests of said city of
Newport Beach that said lease be entered into with the said
J. A. Beek.
NOW, THEREFORE, BE IT RESOLVED: That the Mayor and
City Clerk of the city of Newport Beach be, and they are hereby
directed, instructed and authorised to execute said lease in
the name of and on behalf of the city of Newport Beach, and
that the City Clerk deliver a duly executed copy thereof to
the Lessee therein named.
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1 I hereby certify that the above and foregoing
2 Resolution was duly and regularly passed and adopted by the
3 City Council of the city of Newport Beach at an adjourned
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IRW 4 regular meeting thereof held on the 18th day of July, 1938,
5 by the following vote, to -wit:
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LAW OFFICES OF
ROLAND THOMPSON
210 SPURGEON BUILDING
SANTA ANA. CALIFORNIA
A COUNCILMEN. ire
NOES, COUNCILMEN:
ABSENT, COUNCILMEN: 1 ►�On�
%. J UL w % i JIM, a = � m /
Mayor the city of Newport Beach
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