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HomeMy WebLinkAboutH-3d - Deed to Quitclaim City's Easement on Proposed School Site in Harbor View Homes Project, Adjacent to Buffalo Hills ParkCITY OF NEWPORT BEACH Office of CITY ATTORNEY To: The Honorable Mayor and December 27, 1971 Members of the City Council From: City Attorney Subject: Deed to quitclaim City's easement on proposed school site in Harbor View Homes Project, adjacent to Buffalo Hills Park On June 22, 1970, the City Council entered into an agreement with The Irvine Company in connection with the development of Buffalo Hills Park. One of the conditions of the agreement was the granting of an easement by The Irvine Company to the City for park and recreation purposes over a parcel located at the southerly end of the park consisting of 1.61 acres. It was anticipated that the Newport -Mesa Unified School District would subsequently acquire a school site adjacent to said park, and in that event The Irvine Company was to convey fee interest in the 1.61 acres to the School District for park and playground purposes and the City was to convey its easement to the District. The Irvine Company is currently in escrow with the School District with this parcel, which has been designated as a school site in the Harbor View Homes project. This office has prepared the requisite deed granting the above easement which is to be deposited and held in escrow and recorded concurrently with the sale by The Irvine Company of the fee interest. The resolution which appears on this evening's agenda, if adopted, would authorize execution of the deed and fulfill the City's obligation under the terms of the agreement. DENNIS O'NEIL City Attorney DO' N:mh cc: City Clerk City Manager PB&R Director