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HomeMy WebLinkAbout5029 - Pacific Electric Railway Lease• • • 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 :mec 5/59 (12) RESOLUTION N0. 5029 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF A SIGN LEASE WITH PAGIFIC ELECTRIC RAILWAY COMPANY WHEREAS, under the terms of its contract with the City of Costa Mesa and the Costa Mesa, Newport Harbor and Corona del Mar Chambers of Commerce for the erection and maintenance of geographical signs in the Newport Harbor area, the City of Newport Beach agreed to be named as lessee and to execute leases of the sites for certain of said signs, including one on the northerly approach to the harbor area on Pacific Coast Highway; and WHEREAS, there has been presented to the City Council of the City of Newport Beach sign lease 17006 dated May 21, 1959, between the Pacific Electric Railway Company and the City, under which the City is permitted to install and maintain one 10' x 301 painted signboard upon the premises of the Pacific Electric Railwa Company alongside Pacific Coast Highway at Nordina Street in the City of Newport Beach at an annual rental of $'81.00; and 11HEREAS, the City Council has considered the terms and conditions of said sign lease and said terms and conditions are reasonable and equitable; NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are hereby authorized and directed to execute said sign 1 on behalf of the City of Newport Beach. This resolution was adopted by the City Council of the City of Newport Beach at a regular meeting on the 29 th day of .tur -,, 1959, by the following vote, to wit: AYES, COUNCILMEN: ftR2<?.dare4. '"RT+ 1c,7'^S^!I7 1;rm..rn NOES, COUNCILMEN: (T�TEST: ABSENT COUNCILMEN: A City Clerk 0 0 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF NEWPORT BEACH ) I, MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and :maintained in my office, the foregoing Resolution No. 5029 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport Beach, California, at a regular meeting of said City Council held at the regular meeting place thereof, on the $tom_ day of June , 19 59, by the following vote, to wits AYES, COUNCILMEN: Kixg sley, Atkinson, Higbie, Stoddard, Hart, Lorenz, Somers NOES, COUNCILMEN: None ABbBWT, COUNCILMEN, None Dated this 10th day of Yune i9 59� City Clerk a t- c o s er o e City Council, Ci y of Newport Beach, State of California.