HomeMy WebLinkAbout8461 - Upper Newport Bay SettlementRESOLUTION NO. 8461
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE AN AGREEMENT BETWEEN
THE CITY OF NEWPORT BEACH, THE STATE OF
CALIFORNIA, THE COUNTY OF ORANGE, THE IRVINE
COMPANY AND FIRST AMERICAN TITLE COMPANY FOR
TRANSFER OF CERTAIN REAL PROPERTY TO THE
STATE OF CALIFORNIA AND TO THE CITY OF NEWPORT
BEACH AND COUNTY OF ORANGE JOINTLY BY THE
IRVINE COMPANY AND FOR THE SETTLEMENT OF
PENDING LITIGATION, AND RESCINDING RESOLUTION
NO. 8460 (UPPER NEWPORT BAY SETTLEMENT)
WHEREAS, on December 23, 1974, the City Council
adopted Resolution No. 8415, agreeing to accept title to
certain relocatable access easements and real property
surrounding Upper Newport Bay as part of a settlement of the
Upper Bay litigation and to allow for the development of an
ecological preserve in Upper Newport Bay; and
WHEREAS, on March 24, 1975, the City Council adopted
Resolution No. 8460 authorizing the Mayor and City Clerk to
execute an agreement between the City of Newport Beach, the
State of California, the County of Orange, The Irvine Company
and First American Title Company, relating to the transfer of
certain real property to the State of California and the City
of Newport Beach by The Irvine Company and for the settlement
of pending litigation; and
WHEREAS, the parties wish to change that agreement
to provide, among other things, that title to those certain
parcels and relocatable access easements which was to vest solely in
the City of Newport Beach shall now vest jointly in the City of
Newport Beach and the County of Orange; and
WHEREAS, the City Council has reviewed the terms and
conditions of said revised agreement and found them to be fair
and equitable, and in the best interests of the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Newport Beach that the Mayor and City Clerk are
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hereby authorized to execute an agreement between the City of
Newport Beach, the State of California, the County of Orange,
The Irvine Company and First American Title Company, which
provides for the transfer of certain real property to the State
of California, and to the City of Newport Beach and the County
of Orange jointly by The Irvine Company and for the settlement
of pending litigation.
BE IT FURTHER RESOLVED, that Resolution No. 8460 is
hereby rescinded.
ADOPTED this 8th day of April , 1975.
ATTEST:
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4/8/75