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
•
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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
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11/5/74