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HomeMy WebLinkAbout3876 - Lease of Property to South Coast Company• 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15. 9 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 UWLUTr,)x ,to. 5 VMAEAS, there, b" been -repented to the City of He Beach a propmaed L = <eae between the s:u d 13ty and the South Coast dlOVV=W, a corporations oaVering the property wlAch is now under lease to aal& South Ceeast Oom'swV ubler a Lease dated April 1, 19$7, the term of vbtoh smIA Lease ex -pines March 31, 1952; aa& WHOSMO amid proposed. new Ltas#, dated A4ril. 9, 1951# provided for a term of fire years tram- the expiration of the pre. sent Loawse, together with an option 1;a reasw for an aetdi.tionA tine -pear term, the rent far the first five -year term to be at the rate of $90.00 per month, the resit for tae second five -year tens: if exercised, to be agreed upon at that ti", wilth at,ddlti al oonsideras<tion to the City it► the promise of the South Cc ,-,s% Ooit taaw to erect a buMesd across the beef frontpgo to salmi pre° - perty; and i e A&, it ar posre to be for the beret .interest of the citizems or the City of Mw"rt Ti Fasi: that sald new Lnaee be executed; "t TMMFYCRXO Bt IT %hat the tkqor and tbe City,Clerk of the City of Ne"ort Bed be, &W they ere hereby, authorize& and directed to execute said L�*&ue on behalf of the City of Newport Beath and to doliTer an executed copy thereof to the South coast Cam. The above and feregoing - meolution was duly passed and adopted at a regular Meeting of the Lity iGounail of the 'City of Newport Beaeb he14 on the _1.e..- day or 19511, by the following Total to wit: `Y J �.�,2Z - — - Cleft . 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. 3876 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 April 1951, by the following vote, to wit: AYES; COUNCILMEN• Finch, Drake, Greeley, B1ue,Isbell, NOES, COUNCILMEN: ABSENT, COUNCILMEN: Nbne None Dated this 3p day of January , 1955. • City Clerk an d Ex-Officio Clerk of the City Council, City of Newport Beach, State of California.