HomeMy WebLinkAboutReso 1960-2421 L.4 •4
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RESOLUTION NO. 2421
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA RECOGNIZING THAT
BROADWAY-HALE STORES, INC. HAS COMPLIED
WITH CERTAIN OF THOSE TERMS OF THE AGREE-
MENT DATED NOVEMBER: 4, 1959, AND THE
EXERCISE BY THE CITY OF CHULA VISTA OF
ITS OPTION TO HAVE A LEASE ENTERED INTO
AT THIS TIME, AND GIVING NOTICE AS TO
WHEN POSSESSION OF THE SUBJECT PROPERTY WILL BE AVAILABLE TO BROADWAY-HALE R-E^S,
INC. --�-
WHEREAS, on November 4, 1959, the City of Chula Vista and
Broadway-Hale Stores, inc. entered into an Agreement with respect to
certain property, including that designated as Parcels A and B, and
WHEREAS, at a meeting of the City Council on April 5, 1960, the
representatives of Broadway-,Hale Stores, Inc. did present to the City
Council of the City of Chula Vista certain plans and specifications,
with respect to the proposed development of Parcel A, with various
stores, including a Broadway-Hale Store, and
WHEREAS, the City Council of the City of Chula Vista has deter-
mined that Broadway-Hale Stores, Inc. has complied with the necessary
conditions set forth in its Agreement dated November 4, 1959, which
was entered into between the City of Chula Vista and Broadway-Hale
Stores, Inc. , the compliance of said conditions being necessary before
the City of Chula Vista was required to enter into an Agreement to
Sell (Exhibit A of said Agreement) or a Lease (Exhibit B of said Agree-
ment) of the real property referred to as Parcels A and B of Exhibit
C of said Agreement, as contained in Exhibit C of said Agreement, and
NOW, THEREFORE, IT IS HEREBY RESOLVED AND ORDERED BY THE CITY
COUNCIL OF THE CITY OF CHULA VISTA AS FOLLOWS:
I . That Broadway-Hale Stores, Inc. has complied with the necessary
conditions set forth in the Agreement dated November 4, 1959, which was
entered into between the City of Chula Vista and Broadway-Hale Stores,
Inc., the compliance of said conditions being necessary before the
City is required to enter into an Agreement to Sell ( Exhibit A of said
Agreement ) or a Lease ( Exhibit B of said Agreement ) of the real property
referred to as Parcels A and 8 of said Agreement, and
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2. Pursuant to the terms of said Agreement, the City hereby
exercises its option to have said Lease entered into at this time,
rather than at this time to enter into said Agreement to Sell ; and
3. The City, pursuant to said Agreement, hereby gives to
Broadway-Hale Stores, Inc. , notice that' Broadway-Hale Stores, Inc,
may have possession of said real property designated as Parcels A and
B of Exhibit C of said Agreement on August 1 , 1960, and
4. The City ,Clerk` is hereby authorized to forward to Broadway- .
Hale Stores, Inc. an original and three copies of said Lease for their
signatures , and upon the return of said documents to the City, the
Mayor of the City of • Chula Vista is hereby authorized to sign said
Lease on behalf of the City of Chula Vista, and •
5. The City Clerk is hereby directed to send to Broadway-Hale
Stores, :Inc., along ,with said Lease, a copy of this Resolution.
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ADOPTED AND APPROVED by the CITY COUNCIL of the CITY OF
CHULA VISTA, CALT1ORNIA, this 12th day of April ' 19 60
by the follauing vote, to wit:
AYES: COUNCIT VIEN McAllister, Smith, McMains, DeGraaf, Menzel
NAYS: COUNCILMEN None
ABSENT: COUNCILMEN None
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� ' ` ° Mayor of the City of Chula Vista
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STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss o
CITY OF CHU A VISTA )
I, KENNETH Po CELL, City Clerk of the City of Chula Vista,
Cal;fornia, DO HEREBY CERTin that the above and foregoing is a full,
true and correct copy of Resolution No. 2421 , and that the same
has not been amended or repealed.
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DATED April 12, 1960
City Clerk
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