HomeMy WebLinkAbout03/27/1964 - Adjourned Regular MeetingCITY OF NEWPORT BEACH
Volume 17 - Page 239
Minutes. of ADJOURNED REGULAR MEETING OF THE CITY
Date of Meeting: March 27, . 1964
Time of Meeting: 8 :30 A. M.
Index Place of Meeting.: Council Chambers
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•
Roll Call:
CONTINUED BUSINESS:
1.
Mayor Hart requested a report from the Committee
which had met with Ira N. Frisbee to study, the proposal
of the Balboa Bay Club for approval of its leasehold
assignments by Deeds of Trust. Vice Mayor Lorenz,
Chairman of the Committee, stated that it was the unani-
mous recommendation of the Committee that approval be
given to said proposal. The City Attorney. read a draft
of a letter proposed to be directed.to the City Council by
Van LNuys Savings and Loan Association which would in
effect qualify the approval of the proposal to the extent
that after disbursement of net proceeds for all remain -
ing indebtedness secured by;the Deeds of Trust recorded
April 6, 1960 as documents numbered 60010, 60011,
60012, and 60013 in Orange County Official Records, the
remainder of the net proceeds will be disbursed.only to
pay for improvements .on,the leasehold, and none of the
proceeds will be paid to the Balboa Bay Club, Inc. for
the purpose of reducing its indebtedness,to..its share -
holders or to Inwood Investment Company.
Councilman Elder joined the meeting.at this time, and
Mayor Hart summarized the Committee report for Cot
man Elder.
Resolution No. 5943, approving. assignments of a lease-
hold estate by Deeds of Trust and authorizing the execu-
tion of a .Consent to such assignments, was adopted, sub
ject, to the condition that the documents not be signed
until the City. Attorney advises that the letter, substan-
tially in the form as prepared by the City Attorney, had
been signed and received from the Van Nuys Savings and
Loan Association.
2. The City Attorney stated that it will be necessary, to
acquire Parcel E by eminent domain,in order that the
improvement of Balboa Boulevard and 28th Street may
proceed, since problems had developed in the escrow
proceedings with Edker Pope which will delay the ac-
quisition and may. delay, the construction unless author:
,is granted.to proceed with eminent domain.
Resolution'No. 5944, being a Resolution.of the City
Council of the City of Newport Beach, finding and deter -
mining,that the public interest and necessity require the
acquisition of certain real property for a public improve
ment, to wit, public streets, and authorizing and direct -
ing,eminent domain proceedings therefor, was adopted.
.TTEST:
Mayor
Page 239
COUNCILMEN
Present
Absent
Motion
Roll Call:
Aye s
Absent
Motion
Roll Call:
Aye s
Absent
x
x
x
Ix
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CITY OF NEWPORT BEACH
. Volume 17 - Page 240
Index March 27, 1964
3. The City Attorney advised that resolutions had been pre-
pared to start proceedings for the proposed abandonment
Abd of a portion of Back Bay Drive as provided by the con-
onmnt tract with Eastbluff- Newport, Inc., Jamboree Land Com
porti m pany, and The Irvine Company, authorized by Resolution
of
Ba ck No. 5893. A discussion was. had.
Back
Bay
Resolution No. 5945, adopting a map showing a portion
of a certain street known as Back Bay Drive which is
R =594 proposed to be vacated, closed,up, and abandoned, was
M -ID adopted. -
a_5946 Resolution No. 5946, being a Resolution of Intention of
vacate s the City Council of the City of Newport Beach declaring
Back its intention to order the closing,up,, vacation and aban-
Bay donment of a portion of a certain street known as Back
Dr. Bay Drive, setting a public hearing_ thereon for April 27,
pb ',rg 1964, was adopted.
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The meeting was adjourned at 8:55 A. M.
•
Mayor
ATTEST: () �
Gitky Clerk
Page '240
COUNCILMEN
Motion
Roll Call-
Ayes
Absent
Motion
Roll Call:
Ayes
Noes
Absent
Motion
Ayes
Absent
X
X