HomeMy WebLinkAbout3755-A - Lease to JA Beekit
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USOLUTION N0. 37,5_31-0
WHEREAS, there has this day been presented to the City
Council of the City of Newport Beach a Certain lease, dated
daauary Qth , loop, wherein the City of Newport Beach is the
Lessor and J. A. Beek is the Lessee; and
WHEREAS, said lease refers to lease from the City to
said Lessee dated November 9th, 1927, and also written amendments
to said lease dated March 3rd, 1930, July 18th, 1938, February
6th, 1939, and November 3rd, 1945, which said leases are now in
full force and effect; and
WHERF..AS, the leased .premises have heretofore been improved
by said Lessee, and the City desires to encourage the further con-
struction of permanent improvements upon the demised property and
to further increase its revenue, in addition to increased percent-
age rentals, which in the judgment of the City Council will be
best accomplished by the granting of a new lease; and
WHEREAS, the entire property consists in part of tide-
lands and in part of uplands abutting thereon, and in the judg-
ment of the City Council of the City of Newport Beach the use of
the Westerly portion of said tidelands and said uplands aforesaid
for industrial uses is and will be inimical to the best interests
of said City , and that it is to the best interests of the City
that said Westerly portion be leased for residential purposes for
a term of thirty -eight years, beginning January 1st, 1950, and
ending December 31st, 1987, upon the following terms, Covenants,
conditions and rentals, to -wit: For a rental due on or before
January 15th of each year during said term, to and inol, ding
PER ACRE
December 31st, 1962, of 050,00 /per year; 9.nd in addition thereto
Lessee to agree to pay said City five per Cent of all gross sums
he shall receive during said period from the use of said Westerly
portion of said leased premises, all as in said lease provided;
and
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1 WHEREAS, it is for the best interests of the City that
• 2 the Easterly Portion of 9W leased premises be leased for said
3 period of thirty -eight years for industrial and other lawful
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uses for a rental up to December 31st, 1962, of ,$50.00 per acre
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per year, and in addition thereto Lessee to agree to pay said
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City to December 31st, 1962, seven and five- tenthe per cent
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(7.5$) of all the gross sums he shall receive from the use of
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said Easterly Portion, or any part thereof, all as in said lease
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more particularly set forth; and in addition to the above rents,
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Lessee shall and hereby agrees to Day Lessor ;1,000.00 annually
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during the first thirteen years of said term, due on January 15th
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of each of said years, beginntng January 15th, 1951, and ending
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Janu »xy 15th, 1963. For the last twenty -five years of said
(Thirty -three & 1/3 %)
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term, Lessee shall and hereby agrees to pay Lessor 33 113 %
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per cent of all sums Lessee shall receive from the use of both
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the gWesterly Portion° and the "Easterly Portiong of the leased
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premises, or any part of either of said Portions, from whatsoever
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source, including all sums received from all sub- tenants, it bein;
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agreed that s?id percentage shall be of the gross cnd not of the
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net returns, and that such annual rental shall be due on January
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15th of each of said years, beginning January 15th, 1964, and
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ending January 15th, 1988; and
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WHEREAS, the City Council of the City of Newport Beach
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deems that it is for the best interests of said City of Newport
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Beach that spid lease be entered into with the said J. A. Beek;
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NOW, THEREFORE, BE IT RESOLVED: That the City consum-
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mate said lease, and that the Mayor and City Clerk of the City
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of Newport Beach be, and they are hereby, directed, instructed
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and authorized to execute said lease in the name of and on beh4lf
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of the City of Newport Beach, and that the City Clerk deliver a
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duly executed copy thereof to the Lessee therein named.
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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,
ATTEST:
City Clerk
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• i , / . �;4 /w ,
• • ✓,.ice
ABSE40, COUwCILMEu fzp i'
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Mayor
/)
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
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. 3755 -A was duly and
regularly adopted, passed, and approved by the City Council of
the City of Newport Beach, California, at a regular meeting of said
City Council held at the regular meeting place thereof, on the
9th day of January 1950, by the following
vote, to wit:
AYES, COUNCILMEN:
NOES, COUNCILMEN:
ABSENT, COUNCILMEN
Dated this
/s/ Greeley, Robertson, Isbell, Blue. Drake
None
None
1st day of
December , 19 58
City C ' r c an x- is o er
of the Lit Council, City of
Newport Beach, State of California.