HomeMy WebLinkAbout88-10 Approving Lease Agreement Relating to Victoria St between City of Costa Mesa and Public Safety FacilitiesORDINANCE 88-10
AN OIDINANCE CF THE CITY COUNCIL CF THE CITY
OF CDSTA MESA, CALIFORNIA, APPROVING A LEASE
AGREEMENT RELATING TO VICTORIA STREET AND THE
EXECUTION THERDC' BY AND BETWEEN THE CITY OF
COSTA MESA AND CDSTA MESA AND PUBLIC SAFETY
FACILITIES, INCORPORATED.
THE CITY COUNCIL CF THE CITY OF COSTA MESA DOES HEREBY ORDAIN AS
ROLLOTE :
SECTION 1. The Lease Agreement (the "Agreement") relating to Victoria
Street by and between the City of Costa Mesa and Costa Mesa City Hall and
Public Safety Facilities, Incorporated, which Agreement is a "public lease-
back", as that term is defined by GovermTent Code Section 54240(b) , is
approved. One ccpy of the Agreement is on file with the City Clerk.
SECTION 2. The Mayor and the City Clerk are hereby authorized to
execute and attest the Agreement, provided that the "Base Rental Payments"
required by Section 309 of said Agreement does not exceed $1,900,000.00 per
year. The Mayor and City Clerk are further authorized to make such modifi-
cations to the Agreement as they may deem necessary to carry out the intent
of this City Council in acquiring the real property and improvements upon
the terms and conditions as set forth therein.
SECTION 3. This Ordinance shall be subject to referendum pursuant to
the provisions of the Election Code of the State of California, as the same
relate to referendum.
SDCTION 4. This Ordinance shall take effect and be in full force
thirty (30) days frcam and after the passage thereof, and prior to the
expiration cf fifteen (15) days fram its passage shall be published once in
the ORPNGE COAST LILY PILOT, a newspaper of general circulation, printed
and published in the City of Costa Mesa or, in the alternative, the City
Clerk may cause to be published a summary of this Ordinance and a certified
copy of the text of this Ordinance shall be posted in the office of the
City Clerk five (5) days prior to the date of adoption of this Ordinance,
and within fifteen (15) days after adoption, the City Clerk shall cause to
be published the aforementioned summary and shall post in the office of
the City Clerk a certified copy of this Ordinance together with the names
of the members of the City Council voting for arra against the same.
PASSED AND ADOPTED this lst day of August, 1988.
Mayor of the City of Costa Mesa
ATTEST:
City Clerk of the City of Costa Mes
STATE CF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY CP COSTA MESA )
APPROVED AS TO FORM
`CITY ATTORNEY
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and fore-
going Ordinance No. 88-10 was introduced and considered section by section
at a regular rreet i ng of said City Council held on the 18th day of July,
1988, and thereafter passed and adopted as a whole at a regular meeting of
said City Council held on the 1st day of August, 1988, by the following
roll call vote: ��®®
AYES: COUNCIL MEMBERS: �CI'a•C!1/57
NOES: COUNCIL MEMEERS: Y,4L� 71
ABS ENT :: COUNCIL MEMBERS:
IN" WITNESS WHERECF., 'I have hereunto set my hand and affixed the Seal
of the City of; .Costa Mesa this 2nd day of August, 1988.
City Clerk and ex -officio Clerk of e
City Council of the City of Costa Vsa