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HomeMy WebLinkAbout88-57 - Balboa Island Ferry Ad Hoc CommitteeRESOLUTION NO. 88_57 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ESTABLISHING THE CITY COUNCIL BALBOA ISLAND FERRY AD HOC COMMITTEE • WHEREAS, the City Council in 1963 granted to the Balboa Island Ferry Company, a lease and franchise to operate a toll ferry service across Newport Bay between Balboa Island and the Balboa Peninsula; and WHEREAS, such lease and franchise are due to expire July 8, 1988 and the operator has applied for a renewal thereof; and WHEREAS, the City Council desires to investigate the merits and alternatives associated with such renewal; and WHEREAS, the City Council desires to extend the current lease and franchise pending the outcome of such investigation. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach, that the City Council Balboa Island Ferry Ad Hoc Committee is hereby created. BE IT FURTHER RESOLVED that the functions and duties of the Committee shall be as follows: 1. The Committee shall consist of Councilmembers Strauss, Turner and Maurer with Councilmember Strauss as Chairman. .mot IWI 2. The Committee shall review the terms and conditions of the lease and franchise for the toll ferry and make recommenda- tions to the City Council regarding renewal thereof. 3. The Committee shall report to the City Council on or before September 12, 1988. 4. The Committee shall sunset September 30, 1988 unless the'term is extended by the City Council prior to that date. BE IT FURTHER RESOLVED that the Mayor and City Clerk are authorized to'execute a Memorandum of Agreement attached hereto as Exhibit A extending the'term of the lease and franchise from July 8, 1988 to September 30, 1988. ADOPTED this 13th day of June 1988. ATTEST: City Clerk &024-0 ea 2. 1 MEMORANDUM OF AGREEMENT EXTENSION OF LEASE AND FRANCHISE (hereinafter "City ") and the Balboa Island Ferry Company (hereinafter "Ferry Co. "), a California corporation, is made with reference to the following: R E C I T A L S WHEREAS, the City on July 8, 1963 entered a lease with and granted a franchise to Ferry Co. for the purposes of operating a toll ferry between Balboa Island and the Balboa Peninsula; and WHEREAS, said lease and franchise are due to expire July 8, 1988, and the Ferry Co. has applied for a renewal thereof; and WHEREAS, the City wishes to conduct a 90 day investigation of the merits and alternatives regarding such renewal; and WHEREAS, the City and the Ferry Co. desire to extend the termination dates of the lease and franchise pending completion of the investigation. NOW, THEREFORE, the parties hereby agree as follows: � 1. The termination dates contained in the lease and franchise both dated July 8, 1963 are extended from July 8, 1988 to September 30, 1988. This Agreement entered this o? day of 1988 between the City of Newport Beach, a municipal c po (hereinafter "City ") and the Balboa Island Ferry Company (hereinafter "Ferry Co. "), a California corporation, is made with reference to the following: R E C I T A L S WHEREAS, the City on July 8, 1963 entered a lease with and granted a franchise to Ferry Co. for the purposes of operating a toll ferry between Balboa Island and the Balboa Peninsula; and WHEREAS, said lease and franchise are due to expire July 8, 1988, and the Ferry Co. has applied for a renewal thereof; and WHEREAS, the City wishes to conduct a 90 day investigation of the merits and alternatives regarding such renewal; and WHEREAS, the City and the Ferry Co. desire to extend the termination dates of the lease and franchise pending completion of the investigation. NOW, THEREFORE, the parties hereby agree as follows: � 1. The termination dates contained in the lease and franchise both dated July 8, 1963 are extended from July 8, 1988 to September 30, 1988. 2. The City and Ferry Co. shall abide by all terms and conditions contained in the original lease and franchise throughout the extended term. City Clerk BALBOA ISLAND FERRY COMPANY 2. By 2.