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HomeMy WebLinkAbout1777 - Lease of Property to AJ Twist & Fred Story0 CJ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 LAW OFFICES OF ROLAND THOMPSON 210 SPURGEON BUILDING SANTA ANA. CALIFORNIA _ak;� F RESOLUTION NO. WHEREAS, the City of Newport Beach, a Municipal corporation of the sixth class of Orange County, California, as party of the first part, in the agreement hereinafter mentioned leased to A. J. Twist and Fred Story by written Indenture of Lease that certain real property situated in the city of Newport Beach, County of Orange, State ofCalifornia, and more particularly described as follows, to -wit: A parcel of land situated in the City of Newport Beach, California, being a portion of Lot 4, Section 33, Township 6 South, Range 10 West,S.B. B. & M., a portion of Lot 4, Section 34, Township 6 South, Range 10 West, S.B. B. & M., and certain filled tidelands described as follows, to -wit: Beginning at a point in the northerly prolonga- tion of the westerly line of 15th Street, as said 15th Street is laid out and shown upon a map of Tract 234, recorded in Book 13, pages 36 and 37, Miscellaneous Maps, Records of Orange County, California; said point of be- ginning being 26 feet Northerly from the Northeasterly corner of Lot 4, Block 115 of said Tract 234; running thence North 800 161 30" West along a line parallel with the Northerly line of said Tract 234, 137.00 feet; thence North 90 161 30" East 124.00 feet; thence South 800 161 30" East 137.00 feet to a point in the said northwesterly prolongation of the Westerly line of 15th Street; thence South 90 431 30" West along said Westerly line of said 15th Street 124.00 feet to the point of beginning, for bowling green purposes; and WHEREAS, said Indenture of Lease calls for a consideration of $300.00; and WHEREAS, said A. J. Twist and Fred Story have paid on said lease the sum of $100.00, and made, executed and delivered to said city their promissory note in the sum of $200.00; and WHEREAS, said A. J. Twist and Fred Story have caused improvements to be made on said described premises, not contem- plated by said lease agreement, at a cost of $400.00; and WHEREAS, said parties of the second part in said lease mentioned, have offered and agreed to transfer said improvements by proper Bill of Sale to the City of Newport Beach, in payment of and for a cancellation of said promissory note; and 1. `J T 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20' 21 22 23 24 25 26 27 28 29 30 31 32 LAW OFFICES OF ROLAND THOMPSOp 210 SPURGEON BWLOIN SANTA ANA. GALIFORNI tT 4 WHEREAS, said A. J. Twist and Fred Story have agreed to re- transfer to the City of Newport Beach said agreement of lease as aforesaid, and have agreed to release all their right, title and interest therein; and WHEREAS., the City Council of the City of Newport Beach believes that it is for the best interests and benefit of said City that the improvements made by said A. J. Twist and Fred Story be transferred to the city of Newport Beach, together with said Indenture of lease aforesaid; and WHEREAS, the City Council of the City of Newport Beach is of the opinion that it is for the best interests and benefit of said city and the inhabitants thereof, that said promissory note of the said A. J.Twist and Fred Story be cancelled and further that the consideration offered for the cancellation of said note is in all respects just, fair and adequate. NOW, THEREFORE, BE IT RESOLVED: That the Bill of Sale this day offered to the said City Council of the City of Newport Beach by the said A. J. Twist and Fred Story, covering certain personal property and improvements located on the above described lands, be and the samVis hereby accepted; and BE IT FURTHER RESOLVED: That the note of A. J. Twist andFred Story be returned to the makers thereof, showing the same to have been fully paid, satisfied and discharged. BE IT FURTHER RESOLVED: That the City of Newport (Beach accepts the assignment and release of said lease from the said A. J. Twist andFred Story, and that the said A. J. Twist and Fred Story deliver to the city of Newport Beach their copy of said 11 lease. BE IT FURTHER RESOLVED: That from and after the date that said lease shall be assigned to said city by A. J. Twist and Fred Story, that said lease shall be of no further force or effect for any purpose whatever as between the city of Newport Beach and the said A. J. Twist and Fred Story. 2. 0 1] r .z 1 BE IT FURTHER RESOLVED: That the City Clerk of the 2 City of Newport Beach be, and he is hereby directed, authorized 3 and instructed to return the said note of A. J. Twist and Fred 4 Story to the makers thereof, showing the same tdhave been fully 5 paid, satisfied and discharged by reason of the transfer of the 6 personal property herein mentioned, to the City of Newport Beach, 7 and the cancellation of said promissory note. 8 9 10 11 12 13 14 15 16 17 18 19 21 I hereby certify that the above and foregoing resolution was duly and regularly passed and adopted by the City Council of the city of Newport Beach at a regular meeting thereof held on the 4th day of March, 1940, by the following vote: TEST.: City Clerk AYES, COUNCILMEN: 00 Lo:n i fe4 NOES, COUNCILMEN: ABSENT, COUNCILMEN: 1 \nn 22 7 23 Mayor ff the city of Newport Beach 5. 24' 26 27 28 29 30 31 32 LAW OFFICES OF 3. ROLAND THOMPSON 210 SPURGEON BUILDING SANTA ANA. CALIFORNIA