HomeMy WebLinkAbout6888 - Amendment of ContractRESOLUTION NO. 0888
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH CONSENTING TO THE ASSIGNMENT OF A
CONTRACT FOR OIL PRODUCTION FROM THE HUMBLE OIL &
REFINING COMPANY TO THE ARMSTRONG PETROLEUM
CORPORATION AND AUTHORIZING EXECUTION OF AN
ap AGREEMENT ENTITLED "AMENDMENT OF CONTRACT" ON
BEHALF OF THE CITY
WHEREAS, the City entered into a contract dated November 1,
1943, with D. W. Elliott, which contract was subsequently amended
pursuant to the authority of Resolution No. 4300 adopted by the
City Council on the 31st day of January, 1955; and
WHEREAS, the Humble Oil & Refining Company became the
sole contracting party with the City by virtue of a previous
assignment and transfer of said contract; and
WHEREAS, Humble Oil & Refining Company has requested that
the City consent to a conveyance of all its rights, privileges and
obligations under said contract with the City to Armstrong Petroleum
Corporation; and
WHEREAS, the City Council has determined that it is in the
best interest of the City to approve the proposed transfer and to
enter into an agreement with Armstrong Petroleum Corporation
entitled "Amendment of Contract "; and
WHEREAS, Section 7054.5 of the California Public Resources
Code provides that no lease or modification thereof or amendment
thereto for the production, extraction, or removal of minerals,
oil, gas, or other hydrocarbons from tide or submerged lands
which have been granted by the State to a public agency in trust
• wherein the State has not reserved the minerals, shall be effective
or shall be delivered to the lessee unless and until it has been
approved by the State Lands Commission;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Newport Beach that the City Council hereby approves
the agreement with Armstrong Petroleum Corporation entitled
"Amendment of Contract1° dated October 30 , 1968, whereby
the transfer of the interest of Humble Oil & Refining Company
under that certain contract dated November 1, 1943, between the
City of Newport Beach and D. W. Elliott, as amended pursuant to
Resolution No. 4300 adopted by the City Council on the 31st day
• of January, 1955, is approved, and the Mayor and City Clerk are
hereby authorized to execute said agreement.
BE IT FURTHER RESOLVED that this agreement shall not be
effective nor shall it be delivered to the lessee unless and
until it has been approved by the State Lands Commission.
ADOPTED this A6?7W day of dc7"oAc -g , 1968.
ATTEST-
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IFIED AS T�! 29GINA L
CITY CLERK OF THE TY OF 2 1PORT BEACH
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