HomeMy WebLinkAbout5TH AND MARGUERITE CDM_01_LEASE_SUMMARY*NEW FILE*
51" and Marguerite CDM
01_LEASE_SUMMARY
40 0
CITY OF NEWPORT BEACH
OFFICE OF THE CITY MANAGER
CARDEN SCHOOL - 5TH AND MARGUERITE, CORONA DEL MAR
GENERAL INFORMATION
Parties to Lease
City of Newport Beach, Lessor
Mr. and Mrs. John D. Wilson, Lessee
Date of Current Lease
July 21, 1975
Lease Duration
No. of years: year to year basis
From: August 1, 1975
To: August 1, 1976
City Council Approval
June 23, 1975 '
Land Location
City holds title to that certain real property
consisting of two classroom buildings and
administrative building in the City of Newport
Beach, County of Orange, State of California.
Located at the northeast corner of the inter.
section of 5th Avenue and Marguerite Avenue
and which is described as:
A portion of Block 96 of the Irvine
subdivision, recorded in Book 1,
Page 88, Official Records of Orange.
County, as more particularly described
on attached Exhibit I and shown on
attached Exhibit II.
Current Lease Description
Lessee shall use the demised premises, together
with the buildings located thereon, for the
purpose of operating a private day school.
Rental
Lessee shall pay to City, the sum of One Thousand
Eight Hundred Seventy Five Dollars ($1,875.00)
per month during each month of the term hereof,
and Lessee shall pay to City the sum of Three
Thousand Seven Hundred Fifty Dollars ($3,750.00)
as payment for the first and last months' rental
under this Lease.
Assignability Lessee shall not assign or sublet this lease, or
any portion thereof, not make or suffer any
alteration to be made in or on said property,
other than the maintenance required hereinabove,
without the prior written consent of the City Ma
Terms of Default If Lessee shall fail to comply with any of the
covenants, or conditions of this Lease including
the payment of rental herein reserved, at the time
and after service of a written notice from City
so to do, or to commence in good faith to remedy
any other default within thirty (30) days and
thereafter diligently prosecute the same to
completion, or if Lessee shall. abandon or vacate
the Leased premises, City may, at its option, with-
out further notice or demand, terminate this
Lease and enter upon the Leased premises and take
possession thereof and remove any and all persons,
therefrom with or without process of law.
CARDEN SCHOOL - 5TH AND MARGUERITE, CORONA DEL MAR
CARDEN SCHOOL - 5TH AND MARGUERITE, CORONA DEL MAR
Taxes Lessee recognizes and understands that in
accepting this lease that his interest in
the demised premises may be subject to a
possible possessory interest tax that.may
be imposed by County authority, and Lessee
shall pay said tax, should it be imposed,
and such tax payment shall not reduce any
rent due hereunder.
Insurance Lessee shall procure and at all times during
the term of this lease, maintain in full force
and effect, a policy or policies of Public
Liability and Property Damage Insurance pro-
tecting the City of NeWDort Beach, its officers,
agents and employees from all claims or demands
for damages. The policy, or policies shall
provide for not less than Two Hundred Thousand
Dollars ($200,000.00) for injury or death of one
person, Five Hundred Thousand Dollars ($500,000.00
for injury or death of two or more persons, and
Fifty Thousand Dollars ($50,000.00) for damages
to property.
Maintenance and Repairs Lessee agrees that any improvements, repairs or
maintenance of all or portions of the buildings,
required to be done by Lessee, are a part of the
consideration for the rental hereunder, and the
rental payments hereinbefore set forth, shall
not be reduced. Lessee covenants and agrees
to assume all of the obligations and conditions
under Section 1941 and 1942 of the California
Civil Code.
CARDEN SCHOOL - 5TH AND MARGUERITE, CORONA DEL MAR