HomeMy WebLinkAboutResolution 1981 - 0159RESOLUTION NO.81-159
-
APPROVING AMENDMENT NO.2 TO PLANT NO.1 AND
PLANT NO.2 PROPERTY LEASES,SPECIFICATION
NOS.L-009 AND L—O1O RE CHANGE IN LEASE PAYMENT
TERMS FOR 1981
A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF
COUNTY SANITATION DISTRICTS NOS.1,2,3,5,6,7
AND 11 OF ORANGE COUNTY,CALIFORNIA,APPROVING
AMENDMENT NO.2 TO PLANT NO.1 PROPERTY LEASE,
SPECIFICATION NO.L—009,AND PLANT NO.2 PROPERTY
LEASE,SPECIFICATION NO.L-O1O,RE CHANGE IN LEASE
PAYMENT TERMS FOR 1981
WHEREAS,the Boards of Directors on July 11,1979,authorized award and execution
of Property Lease at Plant No.1,Specification No.L—009,to American Balboa Properties
for storage facilities;and,
WHEREAS,the Board of Directors on July 11,1979,authorized award and execution
of Property Lease at Plant No.2,Specification No.L—OlO,to American Balboa Properties
for storage facilities;and
WHEREAS,said leases provide for payment of rents annually on September 1st;and
WHEREAS,the lessee has requested that the Districts approve a change in the lease
payment terms for 1981 to provide for three installment payments between September 1st
and December 1st,and to pay interest on the unpaid balance at prime rate plus two per
cent from September 1st;and,
WHEREAS,it appears to be in the Districts’best interests to grant said request.
NOW,THEREFORE,the Boards of Directors of County Sanitation Districts Nos.1,2,
3,5,6,7 and 11 of Orange County,California,
DO HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That Amendment No.2 to that certain agreement dated July 11,1979,re
Property Lease at Plant No.1,Specification No.L—009,approving a change in lease
payment terms for 1981,be,and is hereby,approved;and,
Section 2 That Amendment No.2 to that certain agreement dated July 11,1979,re
Property Lease at Plant No.2,Specification No.L—0l0,approving a change in lease
payment terms for 1981,be,and is hereby,approved;and,
Section 3 That payment of rents for 1981 is hereby approved,as follows:
Payment Date L—009 L—OlO
September 25,1981 $14,000 $3,000
November 1,1981 8,000 2,000
December 1,1981 8,000 2,000
Total Annual Rental $30,000 $7,000
Section 4 That in consideration of providing for installment payments for the
1981 rents,the lessee shall pay interest on the unpaid balance from September 1,1981,
until paid at prime rate (Bank of America,San Francisco)as of September 1,1981,plus
two percent (2%);and,
Section 5 That all other terms and conditions of said agreements shall remain
unchanged;and,
Section 6 That the Chairman and Secretary of District No.1,acting for itself
and on behalf of Districts Nos.2,3,5,6,7 and 11,be,and are hereby,authorized and
directed to execute said amendment.
PASSED AND ADOPTED at a regular meeting held September 9,1981.
STATE OF CALIFORNIA )
)SS.
COUNTY OF ORANGE )
I,J.WAYNE SYLVESTER,Secretary of the Boards of Directors of
County Sanitation Districts Nos.1,2,3,5,6,7,and 11 of Orange
County,California,do hereby certify that the above and foregoing
Resolution No.81-159 was regularly passed and adopted at a
regular meeting of said Boards on the 9th day of September ,
19 81,
by the following vote,to wit:
AYES:Marvin Adler,John Cox,Jr.,Richard Edgar,Bruce
Finlayson,Ruth Finley,Don Fox,Sal Gambina,Robert
Hanson,Evelyn Hart,Donald Holt,Jr.,Elvin Hutchison,
Carol Kawanami,Frank Laszlo,Robert Luxembourger,Don
MacAllister,Phillip Maurer,Gerald Mullen,Ben Nielsen,
Ron Pattinson,Ruthelyn Plumiiier,Lester Reese,Earl Roget,
Lawrence Roinagnino,Don Roth,James Sharp,Don Smith,
Roger Stanton,Charles Sylvia,Anthony van Dyke,Bill
Vardoulis,James Wahner,Burton Ward,Henry Wedaa,
Harriett Wieder and Duane Winters
NOES:None
ABSENT:Norman Culver and Bob Perry
IN WITNESS WHEREOF,I have hereunto set my hand this 9th day
of September,19 81•
J.W~yn9’/Syl’~~ter,Se~rc~fary,
ar s/q~Diy’e1~tors,County~
an t~1~Oñ Dô..stricts Nos.:1,2,
5,j2~,7,and 11 of Orange
County,Califernia
S-lOl