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HomeMy WebLinkAbout3223 - Oil & Gas Leaset L • 0 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 L + L RESOLUTION WO WHEREAS, there has this day been presented to the City Council of the City of Newport Beach a certain Oib and Gas Lease dated the day of July, 1945, by and between City of Newport Beach, a municipal corporation, in said lease designated "Lessor", and Loren L. Hillman, Inc., a California corporation, in said lease designated "Lessee "; and WHEREAS, said Oil and Gas lease refers to the leasing of certain city -owned property to the said -named Lessee for oil development purposes, which said properties are more particularly described as follows, to-wit: 11M. . "All those certain pieces or parcels of land situated in the County of Orange, State of California, and more particularly described as follows, to-wit: "All that property situate in Section 8, Town- ship 6 South, Range 10 West, S.B.B.& M., described as follows: "Commencing at a 4x4 post at the Northwest corner of said Section 89 running thence East 38.80 chains; thence South 70 Nest 21.48 chains; thence South 70 Nest 18.76 chains; thence Nest 33.28 chains to the Nest Section line of said Section 8; thence North 40 chains to the point of beginning, con- taining about 143.97 acres. EXCEPTING AND RESERVING THEREF'M the following described tract: Commencing at the point where the South line of the Northwest quarter of Section 8, Township 6 South, Range 10 Nest, intersects the Eastern boundary of the Rancho Las Bolsas; running thence North 70 East along said boundary line 2625 feet; thence South 880 451 Nest 859 feet; thence South 310 301 East 463 feet; thence South 2° Nest 635 feejr. thence South 260 Nest 367.3 feet; thence South 674 301 West 283 feet; thence South 430 301 ^Jest 236 feet; thence South 270 45t Nest 697 feet; thence South 30 West 361 feet to the South line of the N rthwest quarter of said Section 8; thence East 1258,9 feet to the point of beginning, containing 50.91 acres of land. Containing 93.06 acres, more or less. WHEREAS in the opinion and judgment of the City Council of the City of Newport Beach, the considerations offered for the giving of said lease to Lessee are fair, just and adequate, and that it would be for the best interests of said City that said LAW OFFICES OF -1- ROIAND THOMPSON 210 SPUNGEON BL... SANTA ANA. CALIF. L • 0 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 L + L RESOLUTION WO WHEREAS, there has this day been presented to the City Council of the City of Newport Beach a certain Oib and Gas Lease dated the day of July, 1945, by and between City of Newport Beach, a municipal corporation, in said lease designated "Lessor", and Loren L. Hillman, Inc., a California corporation, in said lease designated "Lessee "; and WHEREAS, said Oil and Gas lease refers to the leasing of certain city -owned property to the said -named Lessee for oil development purposes, which said properties are more particularly described as follows, to-wit: 11M. . "All those certain pieces or parcels of land situated in the County of Orange, State of California, and more particularly described as follows, to-wit: "All that property situate in Section 8, Town- ship 6 South, Range 10 West, S.B.B.& M., described as follows: "Commencing at a 4x4 post at the Northwest corner of said Section 89 running thence East 38.80 chains; thence South 70 Nest 21.48 chains; thence South 70 Nest 18.76 chains; thence Nest 33.28 chains to the Nest Section line of said Section 8; thence North 40 chains to the point of beginning, con- taining about 143.97 acres. EXCEPTING AND RESERVING THEREF'M the following described tract: Commencing at the point where the South line of the Northwest quarter of Section 8, Township 6 South, Range 10 Nest, intersects the Eastern boundary of the Rancho Las Bolsas; running thence North 70 East along said boundary line 2625 feet; thence South 880 451 Nest 859 feet; thence South 310 301 East 463 feet; thence South 2° Nest 635 feejr. thence South 260 Nest 367.3 feet; thence South 674 301 West 283 feet; thence South 430 301 ^Jest 236 feet; thence South 270 45t Nest 697 feet; thence South 30 West 361 feet to the South line of the N rthwest quarter of said Section 8; thence East 1258,9 feet to the point of beginning, containing 50.91 acres of land. Containing 93.06 acres, more or less. WHEREAS in the opinion and judgment of the City Council of the City of Newport Beach, the considerations offered for the giving of said lease to Lessee are fair, just and adequate, and that it would be for the best interests of said City that said LAW OFFICES OF -1- ROIAND THOMPSON 210 SPUNGEON BL... SANTA ANA. CALIF. luj • .. ti 7 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 A.. L Lease be given to said Lessee upon the terms, conditions and cove- nants thereiai set forth; NOW9 THEREFORE, BE IT RESOLVED that the Mayor and City Clerk of the City of Newport Beach be authorized, directed and instructed to execute said lease in duplicate on behalf of the City of Newport Beach; and that one executed copy thereof be filed in the records of the City Clerk of said City of Newport Beach, and that the other copy thereof be held by the City of Newport Beach under Escrow Instructions this day approved by said City and the said Lessee, until drilling operations have been actually commenced by Lessee under the terms and conditions of said lease. I hereby certify that the foregoing Resolution was duly and regularly passed and a opted by the City Council of the City of Newport Beach at ui ow wp arryguiar meeting thereof held on the y�day of July, 1945, by the following voter to-wit: AYES, CQVNC;kami3:�`1¢�, �1Sbei`, NOES, COUNCILMEN:_ ABSNT, COUNCILMEN: AT ST•- City Clerk LAW OFFICES OF - ROLAND THOMPSON 210 SPURGEON BLDG. SANTA ANA. CALIF. 0 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF NEWPORT BEACH) I, MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and maintained in my office, the foregoing Resolution No. 3223 was duly and regularly adopted, passed, and approved by the City Council of adjourned the City of Newport Beach, California, at a regular /meeting of said City Council held at the regular meeting place thereof, on the 16th day of July 19 45 , by the following vote, to wit: AYES, COUNCILMEN: Allen, Isbell, Reed, Hall NOES, COUNCILMEN: ABSENT, COUNCILMEN Dated this 3d None Stanley day of February 19 60 . City Clerk hand x- Officio Clerk of the City Council., C ty of Newport Beach, State of California.