HomeMy WebLinkAbout7821 - Balboa Bay Club MergerRESOLUTION NO. 7 8 2 Y
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE EXECUTION
OF A "CONSENT TO REORGANIZATION AND ASSIGNMENT"
IN CONNECTION WITH MERGER OF BALBOA BAY CLUB
WITH ITS PARENT CORPORATIONS
WHEREAS, there has been presented to the City Council
of the City of Newport Beach a certain document entitled "Consent
to Reorganization and Assignment" wherein the City consents to a
reorganization of the Balboa Bay Club, consisting of the merger
of the Balboa Bay Club with its parent corporations; and
WHEREAS, the City Council has considered the terms and
conditions of said Consent and found them to be fair and equitable,
and in no way affecting the relationship between the Club and the
City;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Newport Beach that said Consent above described is
approved, and the Mayor and City Clerk are hereby authorized and
directed to execute the same on behalf of the City of Newport
Beach.
ADOPTED this 25th day of September, 1972.
CA ol.
Mayor Pro Tem
ATTEST:
City Clerk
ICERTI D AS THE O INAL
CITY CLERK OF THE CITY OF NIMP ORT BEACH
SEP 27 1912
DATE... ........_._______....__._ -___ -_
DON:mh
9/7/72