HomeMy WebLinkAbout9717 - Appraisal of Beacon Bay LotsRESOLUTION NO. 9717
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE MAYOR TO
EXECUTE A LETTER OF AGREEMENT WITH GEORGE
HAMILTON JONES FOR THE APPRAISAL OF BEACON
BAY LOTS
WHEREAS, the City of Newport Beach on January 9,
1950, entered into a Lease Agreement with J. A. Beek, et al.,
for the residential area of Beacon Bay; and
WHEREAS, the City of Newport Beach proposes to
enter into new Lease Agreements in regard to the residential
area of Beacon Bay; and
WHEREAS, prior to entering into such leases, the
fair market value of said area must be determined by an
appraisal; and
WHEREAS, George Hamilton Jones, M.A.I., has
submitted a proposal to appraise the residential lots in
Beacon Bay; and
WHEREAS, the City Council has considered said
proposal and found it to be fair, just and equitable,
NOW, THEREFORE, BE IT RESOLVED that the City Council
of the City of Newport Beach authorizes and directs the Mayor
to execute a letter of agreement between the City of Newport
Beach and George Hamilton Jones, M.A.I., for appraisal of
the residential lots in Beacon Bay, subject to the terms and
conditions of the proposal submitted to the City of Newport
Beach by George Hamilton Jones, M.A.I., dated December 6
1979.
ADOPTED this 7th day of January 1980.
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ATTEST:
CERTIFIED AS T ORIGINAL
City Clerk �° --
CITY CLERK OF THE CITY OF NEVv?Mr
JAN ] 1 9980 HRC /kv
®Ave' 12/28/79