HomeMy WebLinkAbout3876 - Lease of Property to South Coast Company•
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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.