HomeMy WebLinkAbout9151 - Balboa Yacht BasinRESOLUTION NO.9151
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF NEWPORT BEACH CONSENTING TO THE
ASSIGNMENT TO THE IRVINE COMPANY, A
• MICHIGAN CORPORATION, OF ALL RIGHTS,
TITLE AND INTEREST OF THE IRVINE COMPANY,
A WEST VIRGINIA CORPORATION, THE ASSIGNEE
OF HUGH W. HALEY AND MARGARET E. MEISINGER,
UNDER THAT CERTAIN LEASE DATED FEBRUARY
28, 1950 BETWEEN J. A. BEEK, CARROLL B.
BEEK, BARTON BEEK AND JOSEPH ALLAN BEEK, JR.,
AND HUGH W. HALEY AND MARGARET E. MEISINGER,
DOING BUSINESS AS BALBOA YACHT BASIN
WHEREAS, by lease dated January 9, 1950, the City
of Newport Beach as lessor, and J. A. Beek, Carroll B. Beek,
Barton Beek and Joseph Allan Beek, Jr, as lessees, leased
certain real property from the City of Newport Beach, which
included the property known as the Balboa Yacht Basin property,
as hereinafter more particularly described; and
WHEREAS, under that certain lease dated February 28,
1950 by and between J.
and Joseph Allan Beek,
Margaret E. Meisinger,
property was leased to
for a term of thirty -e
1950; and
A. Beek, Carroll B. Beek, Barton Beek
Jr., as lessors, and Hugh W. Haley and
as lessees, the Balboa Yacht Basin
Hugh W. Haley and Margaret E. Meisinger
ight (38) years commencing on February 28,
WHEREAS, said lease was assigned to The Irvine Company,
a West Virginia Corporation, by resolution No. 7475 of the City
Council of the City of Newport Beach adopted June 28, 1971; and
WHEREAS, a request has been presented to the City
Council that it approve an assignment of the interest of The
• Irvine Company, a West Virginia Corporation, to The Irvine Company,
a Michigan Corporation; and
f. 4
WHEREAS, the City Council has reviewed the terms
and circumstances of said proposed assignment and has determined
that the proposed assignment would not have an adverse effect
upon the interest of the City of Newport Beach; and
0 WHEREAS, the Balboa Yacht Basin is more particularly
described as follows:
A parcel of land situated in the northwest quarter
of Section 35, Township 6 South, Range 10 West,
S.B.B. & M., Orange County, California, to wit:
Beginning at a point in the U.S. Bulkhead line
between Station No. 200 and Station No. 101 as
shown upon a map entitled "Harbor Lines, Newport
Bay Harbor, California ", approved May 2, 1936 by
the Secretary of War, and on file in the office
of the United States District Engineer at Los
Angeles, California, said point of beginning being
East 784.25 feet of said Bulkhead Station No. 200;
running thence North 424.71 feet to a point in the
northerly line of that certain parcel of land
conveyed to the City of Newport Beach by The Irvine
Company, as described in deed recorded September
25, 1929, in Book 306, Page 375 of Official Records
of Orange County, California; thence South 85 °43'
East 772.15 feet to the Northeasterly corner of the
last mentioned parcel of land; thence South along
the Easterly line of the last mentioned parcel of
land 367.01 feet to a point in said U.S. Bulkhead
line between Station No. 200 and Station No. 101;
thence West along said Bulkhead line 770 feet to
the point of beginning; containing approximately
seven (7) acres.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Newport Beach that consent is hereby given on
behalf of the City to the assignment to The Irvine Company,
a Michigan Corporation, of all right, title and interest of
The Irvine Company, a West Virginia Corporation, the successor
by assignment of the interest of Hugh W. Haley and Margaret E.
Meisinger, under that certain lease dated February 28, 1950,
by and between J. A. Beek, Carroll B. Beek, Barton Beek and
Joseph Allan Beek, Jr., parties of the first part and Hugh W.
I* Haley and Margaret E. Meisinger, parties of the second part,
recorded March 13, 1950, as Instrument No. 12032 in Book 1984,
Page 480, in the Office of the Recorder of Orange County, which
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sublease hold interest was assigned to The Irvine Company, a
West Virginia Corporation, by assignment dated July 31, 1971
and recorded as Instrument No. 6670 on August 9, 1971 in Book
19 9752, Page 913, in the Office of the Recorder of Orange County,
together with all buildings and other improvements on said
land, subject, however, to the terms and conditions of that
certain lease dated January 9, 1950, between the City of Newport
Beach and J. A. Beek, Carroll B. Beek, Barton Beek and Joseph
Allan Beek, Jr.
BE IT FURTHER RESOLVED that the Mayor and City
Clerk are hereby authorized to execute a consent to assignment
in the conformity with the terms and conditions expressed in
this resolution.
ADOPTED this 11th day of .Tuly. , 1977
CITY CL G.( C. T._ U."! ..` 'T 2`_ c"'.'
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7/6/77