HomeMy WebLinkAboutC-8513-5 - Beacon Bay, 22 - Agreement to Recind 1981AGREEMENT TO RESCIND
The CITY OF NEWPORT BEACH, (hereinafter "City") and
JAMES P. CRANE (hereinafter "Sublessee"), having entered into an
Agreement to Lease dated June 25, 1981, attached hereto as
Exhibit "A", hereby agree to rescind this Agreement to Lease.
City and Sublessee stipulate that no consideration has
exchanged hands and that agreement of each party to surrender
their respective rights under the Agreement to Lease, attached
hereto as Exhibit "A", constitutes adequate consideration for
this Agreement to Rescind.
City and Sublessee stipulate and agree that each of the
parties hereto is relinquishing all of the rights that arise
under the Agreement to Lease and that performance required of
either party under this Agreement to Lease is waived by the
other.
IN WITNESS WHEREOF, the parties have caused this
Agreement to Rescind to be executed on the date specified herein.
CITY OF NEWPORT BEACH
Dated: July 20, 1981 By 6IM,
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ATTEST:
City Clerk
SUBLESSEE
Dated: Z—,ZO-3'/
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P. Crane
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CITY CLERK OF THE CITY OF NEWPORT REAQM
i
DATE,
July 16, 1981
CITY OF NEWPORT BEACH
Mr. James P. Crane
No. 22 Beacon Bay Emerald
„,Mewport Beach. CA 92660
OFFICE OF THE CITY ATTORNEY
(714) 640-2201
Re: Agreement to Rescind Agreement to Lease
Dear Mr, Crane:
On July 14, 1981 the City Council approved a Resolution
authorizing the recd'ssion of the Agreement to Lease that you
executed with the City regarding Beacon Bay number 22. Please
execute the Agreement to Rescind and return to this office at
your earliest convenience. Thereafter, the City will execute the
document and return one fully executed copy to you.
When you are in a position to execute again the Agreement to
Lease in the proper vesting, please transmit the documents to the
City Manager of the City of Newport Beach. Thank you for your --
your courtesy a d cooperation.
Very ruly you ,
1
i
GH R. N
City Attorne ,
HRC/bf
attach.
xc: City Manager
City Hall • 3300 Newport Boulevard, Newport Beach, California 92663
CITY OF NEWPORT BEACH
(714) 640-2151
July 22, 1981
Mr. James P. Crane
No. 22 Beacon Bay
Newport Beach, Calif. 92660
1.
Dear Mr. Crane:
Enclosed you will find an executed copy
of "Agreement to Rescind" the Agreement to
Lease concerning your Lot No. 22 in Beacon
Bay.
Thank you.
Sincerely,
FeERT L. WYNN
City Manager
RLW:mm
Enclosure
City Hall 0 3300 Newport Boulevard, Newport Beach, California 92663