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HomeMy WebLinkAbout8376 - Assume the Interest of the StateI T RESOLUTION NO. 8 3`G A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AGREEING TO ASSUME THE INTEREST OF THE STATE OF CALIFORNIA IN A LEASE AGREEMENT BETWEEN THE STATE AND THE FIRST BAPTIST CHURCH OF NEWPORT BEACH AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE ANY NECESSARY DOCUMENTS IN CONNECTION THEREWITH WHEREAS, the City of Newport Beach has recently • purchased Parcel No. 40468 from the State of California, located at 2501 Cliff Drive in the City of Newport Beach; and WHEREAS, said property is encumbered with a lease to the First Baptist Church of Newport Beach dated April 2, 1973, which will terminate on May 31, 1976, unless sooner cancelled by either party upon sixty (60) days prior written notice; and WHEREAS, the City Council has reviewed the terms and conditions of said lease and found them to be fair and equitable; and WHEREAS, the City Council wishes to assume the rights and obligations of the State under said lease and be bound by its terms and conditions; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Newport Beach hereby agrees to assume the rights and obligations of the State under that certain lease agreement between the State of California and the First Baptist Church of Newport Beach dated April 2, 1973, and further agrees to be bound by the terms and conditions therein; BE IT FURTHER RESOLVED, that the Mayor and City Clerk are hereby authorized to execute any documents approved as to • -1- vr 'T form by the City Attorney which may be necessary to continue said lease arrangement as described hereinabove. ADOPTED this 11th day of November , 1974. • ATTEST: r�e".4,4 t Clerk CC IED AS TH ORIG AL ...._..._ ... ..... CSE9V CLERK OF THE CITY OF NE% .� BcACH Nov i J SIQ PAS__ ....... ...... _ ......... _..__._ ........ _ is -2- DDO /bc 11/5/74