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HomeMy WebLinkAboutC-7404-8 - Beacon Bay, 36 - Termination of Leasehold 1996RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City Manager's Office City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 Recorded in the County of Orange, California Gary L.. Granville, Clerk/Recorder 19960346021 3 ; 37pm 07/08/96 005 29003988 29 04 T03 3 7.00 6.00 0.00 0.00 0.00 0.00 TERMINATION OF LEASEHOLD This agreement is made this day of 41990, by and between the CITY OF NEWPORT BEACH, herei er called "Lessor", and THE IDA IBEN DAVISON TRUST, hereinafter called "Lessee". RECITALS A. Lessor and Lessee executed a lease on June 1, 1995, and subsequently recorded July 6, 1995, by the County Recorder of Orange County, California ash Instrument No. 95-0288280. By the terms of the lease, the following described property was leased to Lessee until July 1, 2044. Lot 36 as shown on the map filed in Book 9, Pages 42 and 43 of Record of Surveys, in the Office of the County Recorder, County of Orange, State of California. B. Lessee desires to terminate said lease and all rights to the possession of the lease premises and to release Lessor from its obligations under the lease, and Lessor desires to accept said termination and to release Lessee from their obligations under the lease. AGREEMENT Lessee agrees to terminate the lease and vacate the premises as described herein above as of /i 9 6 , and Lessor agrees to accept such termination and th premises, and Lessor and Lessee agree to discharge and release each other from all obligations under the lease as of said date. Executed at Newport Beach, California, on the day and year first above written. CITY OF NEWPORT BEACH BY: Lessor: k6in J. hy, City Manager BY Lessee: The Ida Iben Davison Tr st State Of California ss County Of Orange On jUrU 44'0 , 1996, before me, ff 4 1? k , the undersigned Notary Public, personally appeared CLAUDETTE BAKEWELL, p rsonally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the wid,i;, instrumen, and acknowl dged to me that she executed the sande in her authorized capacity, and that by her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official sea! okyav,4- Notary Public CARMEN BLOKDYK Commission # 1092807 -rs NotaryPubllc—California Orange County My Comm. EExpIres Apr 3, 2000 1 STATE OF CALIFORNIA )ss. COUNTY OF ORANGE ) ersonally appeared aI19 --14 U- /1 q personally known to me (or proved to me on the basis of satisfactory evid ncej to be the persons) whose name is re subscribed Pe within instrument and acknowledged to me thatch Dshe/they executed the same iner/their authorized capacity(i s), and that by is her/their signatur� on the instrumhe person or the entity/upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. r ;E°�;, Shauna Lyn Oyler � U Comm #1002681 C'°� ; o NOTARY PUBLIC CALIFORNIA5 ' ORANGE COUNTY �% 6 A Comm. Expires Aug 22, 1997 -+ Notary Public in and for s id State