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HomeMy WebLinkAbout7184 - Termination of Unproductive Oil Leasesa RESOLUTION NO. Y 18 4 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH SUPPORTING SENATE BILLS 966 AND 967 RELATING TO TERMINATION OF UNPRODUCTIVE OIL LEASES WHEREAS, in many parts of this State there are lands devoted to marginal oil production activities, which are located in heavily populated urban areas; and WHEREAS, due to the language contained in many older oil leases and rights of entry, it is extremely difficult for the owner of the surface rights of lands located in depleted and uneconomic oil fields to proceed to terminate such leases and rights of entry; and WHEREAS, such economic uses and restrictions have had an economic and social blighting effect on important urban areas by preventing the development of land within such areas to its highest and best use-, and WHEREAS, Senate Bills 966 and 967 have been introduced in the State Legislature for the purpose of providing an orderly procedure for the termination of unproductive oil leases and unneeded rights of entry; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the Council strongly supports the enactment into law of Senate Bills 966 and 967. ADOPTED this 25th day of May, 1970. ATTEST: THS :mh 5/21/70