HomeMy WebLinkAboutResolution 95-102RESOLUTION NO.95-1 02
APPROVING REAL PROPERTY LEASE AT PLANT NO.1.
SPECIFICATION NO.L-009-1.WITH FIRST FEDERAL
BANK OF CALIFORNIA
A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS
OF COUNTY SANITATION DISTRICTS NOS.1,2,3,
5,6,7,11,13 &14 OF ORANGE COUNTY,CALIFORNIA,
APPROVING REAL PROPERTY LEASE AT PLANT NO.1,
SPECIFICATION NO.L-009-1,WITH FIRST FEDERAL BANK
OF CALIFORNIA
WHEREAS,the Property Lease at Plant No.1,Specification No.L-009-1,has
been taken over by First Federal Bank of California from American Balboa Properties
due to default;and,
WHEREAS,County Sanitation Districts staff has negotiated a new lease of 18.09
net useable acres of property located at Plant No.I with First Federal Bank of California
for a maximum of three years;and,
WHEREAS,the proposed use of said property is hereby determined to be
compatible with Districts’operations.
NOW,THEREFORE,the Boards of Directors of County Sanitation Districts
Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,California,
DO HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That the certain Real Property Lease Agreement dated September 1,
1995,wherein the Districts consent to the leasing of said property located at the
northeast corner of Ward Streed and Garfield Avenue in the City of Fountain Valley,
more particularly described therein,to First Federal Bank of California,is hereby
approved and accepted;and,
Section 2 That the term of said lease shall be for a maximum of three years,
beginning September 1,1995,and ending August 31,1998;and,
Section 3 That the lease payment shall be $60,000.00 per year or 10%of the
annual gross revenue rentals,whichever is greater;and,
Section 4 That the Chair and Secretary of County Sanitation District No.1,
acting for itself and on behalf of Districts Nos.2,3,5,6,7,11,13 and 14,are hereby
authorized and directed to execute said lease agreement in form approved by the
General Counsel.
PASSED AND ADOPTED at a regular meeting held September 27,1995.
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STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE
I,PENNY KYLE,Secretary of the Boards of Directors of County Sanitation
Districts Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,California,do hereby
certify that the foregoing Resolution No.95-102 was passed and adopted at a regular
meeting of said Boards on the 27th day of September,1995,by the following vote,to
wit:
AYES:George Brown,John Collins,John C.Cox,Jr.,Barry Denes,Shirley
Dettloff,Burnie Dunlap,Norman Z.Eckenrode,James H.Flora,
Don R.Griffin,John M.Gullixson,Barry Hammond,Victor Leipzig,
Wally Linn,Pat McGuigan,Mark A.Murphy,Margie L.Rice,Julie
Sa,Thomas R.Saltarelli,Sal A.Sapien,Arlene Schafer,Sheldon S.
Singer,Roger R.Stanton,William G.Steiner,Peer A.Swan,
Charles E.Sylvia,Daniel T.Welch,Bob Zemel
NOES:None
ABSENT:Cecilia L.Age
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official
seal of County Sanitation District No.1 on behalf of itself and Districts Nos.2,3,5,6,7,
11,13 and 14 of Orange County,California,this 27th day of September,1995.
Penny Kyle,Sf~/e(a!y’/
Boards of DireMors,~jnty Sanitation Districts
Nos.1,2,3,5,6,7,11,13 and 14 of
Orange County,California
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