HomeMy WebLinkAbout8380 - Lease of Two West Newport Parcelsi
RESOLUTION NO. 8380
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE A LEASE AGREEMENT BETWEEN THE CITY OF
NEWPORT BEACH AND THE STATE OF CALIFORNIA, DEPART-
MENT OF TRANSPORTATION, FOR TWO PARCELS LOCATED IN
WEST NEWPORT, FORMERLY OWNED BY THE PACIFIC ELECTRIC
RAILROAD
WHEREAS, by Resolution No. 8346, the City Staff was
authorized in conjunction with the State Department of Transportation
to prepare the necessary documents for the lease of Parcel Nos. A8188
and B7069, formerly known as the Pacific Electric right -of -way; and
WHEREAS, the Staff and the State have concluded negotia-
tions and have drafted a Lease Agreement for the subject property,
which is to be used for park, recreation, and related purposes; and
WHEREAS, the City Council has reviewed the terms and condi-
tions of said Lease Agreement and have found them to be fair and
equitable;
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Newport Beach hereby authorizes the Mayor and City Clerk
to execute a Lease Agreement between the City of Newport Beach and
the State of California, Department of Transportation, for Parcel
Nos. A8188 and B7069 located in West Newport, formerly owned by the
Pacific Electric Railroad.
ATTEST:
ADOPTED this 11th day of November
C(
City Clerk U
C IED AS THE RIG L
_ a
CITY CLERIC OF THE CITY OF NEWP . T BEACH
NOV 19 1974
DATE, --
)
ME
1974.
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