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HomeMy WebLinkAbout5255 - Assignments of Leases6%17% (12) 1 2 • 3I4 • 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 RESOLUTION NO. 5255 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF CERTAIN ACCEPTANCES OF ASSIGNMENTS OF LEASES WHEREAS, the City of Newport Beach is.acquiring certain property from the Pacific Electric Railway Company and the Southern Pacific Company, being a portion of a 100 -foot wide strip between 26th Street and 30th Street and a portion of the Pacific Electric Railway station property between 23rd and 26th Streets; and WHEREAS, Vance and Associates Roofing, Inc., Carl Wood - mansee, Foster and Kleiser Company, Cotton Goff, Inc., South Coast Construction Company, and The Pacific Telephone and Telegraph Company are all lessees or licensees on portions of said property; and WHEREAS, Pacific Electric Railway Company has executed certain assignments on the above - mentioned leases and delivered them to the City with a request that the City accept said assign- ments; and WHEREAS, this procedure is acceptable to the City and said assignments should be accepted; NOW, THEREFORE, BE IT RESOLVED that the City .Manager be and is hereby authorized and directed to execute said acceptances lof assignments on the afore - mentioned leases at such time as title to the property vests in the City. ADOPTED at an adjourned regular meeting this 29th day of June, 1960. (ATTEST: 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. 5255 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 20th day of vote, to wit: AYES, COUNCILMEN: NOES, COUNCILMEN June , 19 60 , by the following Hart, Lorenz, Somers, Kingsley, Atkinson. Cook. Stoddard None ABSENT, COUNCILMEN: None Dated this 23d day of June 19 60 City Clerk an x Otticio Clerk: 'o t o City Council, City of Newport Beach, State of California.