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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