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HomeMy WebLinkAbout4005 - Lease by Newport Bay CompanyRESOLUTION No, 5'e) j s" BQOK`�'1�a5� PAGES 59 1 2 WHEREAS, there has been presented to the City Council 3 of the City of Newport Beach, an Agreement between the City of 4 Newport Beach and the Newport Bay Company, wherein and whereby 5 the lease between the said parties, under date of March 24, 194.8, 6 is amended so as to cover certain real property as described on 7 Exhibit A attached to said Agreement, the amount of which real 8 property is less than that originally demised, and so as to de- g crease the various amounts of minimum rental, and so as to omit 10 from the percentage rental gross operating revenue from the por- 11 tion of real property originally demised now going to the County 12 of Orange, and so as to provide for a means of reimbursing the 13 Newport Hay Company for the depreciated value of floats adjacent 14 to the portion of the originally demised premises going to the 15 County of Orange, so as to change the lease year from a fiscal 16 year to a calendar year, so as to release the City from all lia- 17 bility for damage arising out of the diminution of the originally 18 demised premises, and wherein and. whereby the entire agreement 19 is made conditional upon the settlement by the County of the title 20 question involved; and 21 WHEREAS, it appears to be for the best interests of the 22 citizens of the City of Newport Beach to enter into said Agree - 23 meat of Amendment, dated September 29, 1952; and. 24 NOW, THEREFORE, B E IT RESOLVED: That the City of New - 25 port Beach shall enter into said Agreement, dated September 29, 26 1952, and the Mayor and the City Clerk be, and. they are hereby, 27 authorized and directed to execute said Agreement for and in be- $8 half of the City of Newport Beach, and the City Clerk is hereby 29 authorized. and directed to transmit to the Newport Bay Company 30 an executed copy of the said Agreement, 31 The above and foregoing Resolution was duly and regul- 32 arly passed and adopted by the City Council of the City of Newport 1 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 PA' CAGO Beach at a regular adjourned meeting of said City Council, held on the 29th day of September, 1952, by the following vote, to wit: AYES, COUNCILMEN: Finch, Isbell and Bennett NOES, COUNCILMEN: Smith and Mayor Miller :ASSENT COUNCILMEN: None ui. Mayor ATTEST: ity Clerk RDED A RrQYW QF PAST, -M Ii Q . M _h a cumPnRE,.. RRSeeR E 0 0 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF NEWPORT BEACH ) I, MAP.GERY 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. 4005 was duly and regularly adopted, paGsed, 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 29th - day of September , 19 52 by the following vote, to wit: AYES, COUNCILMEN: Finch, Isbell, Bennett NOES, COUNCILMEN: ABSENT, COUNCILMEN: -.Qa ted this Smith, Miller None 8th day of October , 19 57 C ty C e atd Ex-Officio Clerk of the City council, City of Newport Beach, State of California.