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5/8/68
RESOLUTION N0, 6774
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH AUTHORIZING THE BALBOA.BAY CLUB,
INC., TO SUBLET CERTAIN PORTIONS OF THE BALBOA.
BAY CLUB PREMISES AND ESTABLISHING THE RATE OF
RENTAL PAYMENTS TO THE CITY FOR SUBLEASES OF THE
BALBOA BAY CLUB PREMISES FOR COMMERCIAL PURPOSES
FOR TERMS IN EXCESS OF ONE YEAR
WHEREAS, the City of Newport Beach and the Balboa Bay
Club, Inc., entered into a lease dated March 24, 1948, whereby
the City as lessor leased to the Balboa Bay Club, Inc,, certain
real property located within the City; And
WHEREAS, said lease provides that Balboa Bay Club, Inc.,
shall not sublet the premises described in said lease, or any
part thereof, for the purpose of operating and conducting any
business enterprise at, in, or about the same for a term in
excess of the period of one year without the written consent of
the City first had and obtained; and
WHEREAS, Balboa Bay Club, Inc,, has requested that the
City Council approve two subleases which, after consideration
thereof, the City Council wishes to approve;
NOW, THEREFORE, BE IT RESOLVED as follows:
1, The City Council hereby approves the following pro-
posed subleases:
ao A sublease between the Balboa Bay Club, Inc,,
lessor, and Vivian L. Sloan, lessee, for a term of five
years. The purposes for which the premises are subleased
are the operation of a women's beauty parlor and for the
sale of cosmetics and beauty accessories incidental thereto.
b. A sublease between the Balboa Bay Club, Inc.,
lessor, and Raymond Kemp, lessee, for a term of five years.
The subleased premises are to be used for the purpose of
retail sales of men's and women's clothing and accessories,
2. It is mutually agreed between the City and the
Balboa Bay Club, Inc., that the consideration to be paid to the
City for all subrentals received by the Balboa Bay Club, Inc.,
from any and all subtenants carrying
on any part or portion of the leased
or subleases providing for a term of
based upon the following formula;
2m1/2% of the first $1,000
2% of the second $19000 of
on and conducting a business
premises under any sublease
more than one year shall be
of gross sales per month;
gross sales per month; and
1m1/2% of the balance of gross sales per month.
ADOPTED this 13th day of May 9 1968,
ATTEST,
City Cle v
2,
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF NEWPORT BEACH )
•
I, LAURA LAGIOS, 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. 6774 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 13th day of May , 1967,
by the following vote, to wit:
AYES, COUNCILMEN: McInnis, Shelton, Marshall, Rogers, Hirth, Gruber
NOES, COUNCILMEN: None
ABSENT, COUNCILMEN: Pons
Dated this 14th day of May , 1967.
a
City Clerk and Ex -O' fi io Jerk of the
City Council, City of Newport Beach,
State of California