HomeMy WebLinkAboutC-1698 - Upper Newport Bay settlement agreementt
o CITY OF NLT BEACH
TO: FINANCE DIRECTOR
FROM: City Cleric
SUBJECT: Contract No. 1698
Description of Contract Upper Neap
Authorized by Resolution No.
Effective date of Contract
Contract with gutty of I
oan
Address
CALIFORNIA
City Hall
' 3300 W. Newport Blvd.
Area Code 714
673 -2110
DATE April 14, 1975
Settlemant Aaraemett for trwafer
8461 adopted on April S. 1975
it 11, 1975
Amount of Contract see Contract
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Attad m mt
city Clerk
S T A M E R
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April 14, 1975
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First American Title Insurance Company
421 NORTH MAIN STREET, (P.O. BOX 267) SANTA ANA, CALIFORNIA 92702 • (AREA 714) 547 -6892
City Clerk
Newport Beach City Hall
Seaport Beach, California 92660
Our Escrow No. 116 8288 -RB State of California - Irvine
We are sending you the items checked below:
g Escrow instructions which were recorded 4/14/75 in Book 11376 page 1514
Official Records of Orange County - for your file.
Supplemental instructions
Statement of Information
Preliminary title report
Grant Deed
Note and Deed of Trust
If you have a question regarding this transaction, please contact the undersigned.
RALPH BRADLEY
Escrow Officer
cc, City Attorney
APR1419�
r�c��ci�ED;y S.s
1120 (4/74)
35.E
I
RESOLUTION NO. 8461
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE AN AGREEMENT BETWEEN
THE CITY OF NEWPORT BEACH, THE STATE OF
CALIFORNIA, THE COUNTY OF ORANGE, THE IRVINE
COMPANY AND FIRST AMERICAN TITLE COMPANY FOR
TRANSFER OF CERTAIN REAL PROPERTY TO THE
STATE OF CALIFORNIA AND TO THE CITY OF NEWPORT
BEACH AND COUNTY OF ORANGE JOINTLY BY THE
IRVINE COMPANY AND FOR THE SETTLEMENT OF
PENDING LITIGATION, AND RESCINDING RESOLUTION
NO. 8460 (UPPER NEWPORT BAY SETTLEMENT)
WHEREAS, on December 23, 1974, the City Council
adopted Resolution No. 8415, agreeing to accept title to
certain.relocatable access easements and real property
surrounding Upper Newport Bay as part of a settlement of the
Upper Bay litigation and to allow for the development of an
ecological preserve in Upper Newport Bay; and
WHEREAS, on March 24, 1975, the City Council adopted
Resolution No. 8460 authorizing the Mayor and City Clerk to
execute an agreement between the City of Newport Beach, the
State of California, the County of Orange, The Irvine Company
and First American Title Company, relating to the transfer of
certain real property to the State of California and the City
of Newport Beach by The Irvine Company and for the settlement
of pending litigation; and
WHEREAS, the parties wish to change that agreement
to provide, among other things, that title to those certain
parcels and relocatable access easements which was to vest solely in
the City of Newport Beach shall now vest jointly in the City of
Newport Beach and the County of Orange; and
WHEREAS, the City Council has reviewed the terms and
conditions of said revised agreement and found them to be fair
and equitable, and in the best interests of the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Newport Beach that the Mayor and City Clerk are
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hereby authorized to execute an agreement between the City of
Newport Beach, the State of California, the County of Orange,
The Irvine Company.and First American Title Company, which
provides for the transfer of certain real property to the State
of California, and to.the City of Newport Beach and the County
of Orange jointly by The Irvine Company and for the settlement
of pending litigation.
BE IT FURTHER RESOLVED, that Resolution No. 8460 is
hereby rescinded.
ADOPTED this 8th day of April 1975.
Mayor
ATTEST:,
City Clerk
P
RESOLUTION NO. 8460 •
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY
j CLERK TO EXECUTE AN AGREEMENT BETWEEN THE CITY
OF NEWPORT BEACH, THE STATE OF CALIFORNIA, THE
I COUNTY OF ORANGE, THE IRVINE COMPANY AND FIRST
AMERICAN TITLE COMPANY FOR TRANSFER OF CERTAIN
REAL PROPERTY TO THE STATE OF CALIFORNIA AND THE
CITY OF NEWPORT BEACH BY THE IRVINE COMPANY AND
FOR THE SETTLEMENT OF PENDING LITIGATION
I
WHEREAS, there has been presented to the City Council
of the Ci \1ine ewport Beach a draft agreement between the
City of Neach, the State of California, the County of
Orange, T Company and First American Title Company,
relating transfer of certain real property to the State
of California and ".he City of Newport Beach by The Irvine Company
and for the settleme t of pending litigation; and
WHEREAS, the C ty Council has considered the terms
and conditions of said
equitable, and in -the best
NOW, THEREFORE, BE IT
t and found them to be fair and
of the City of Newport Beach that
agreement incorporating substan
of the City;
by the City Council
agreement or a final
the same terms and conditions
of said draft agreement approved as to`korm by the City Attorney
is hereby approved, and the Mayor and Ci
authorized and directed to execute the same
of Newport Beach.
ATTEST:
City Clerk
'q_ 97460
ADOPTED this 24th day of
Clerk are hereby
behalf of the City
1975.
DDO /bc
3/18/75