HomeMy WebLinkAboutReso - CC - 029-1979RESOLUTION NO. 29- 79
RESOLUTION AUTHORIZI1dG CONSENT TO
ASSIGNivINT OF LEASE FROM R. C. JOHNSON
REALTY COMPANY (HARIN MANAGEMENT COMPANY)
TO UNIVERSITY PEAL ESTATE FUND, LTD.
RESOLVED, by the CITY COUNCIL of the City of Burlingame,
California, and this Council does hereby FIND, ORDER and DETER -
'.`SINE as follows:
1. The public interest and convenience require execu-
tion of the assignment cited in the title above.
2. The City Manager be, and he is hereby, authorized
to sign said assignment of lease for and on behalf of the City of
Burlingame.
3. The City Clerk is hereby ordered and instructed to
attest such signature.
ayor
I, EVELYN H. HILL, City Clerk of the City of Burlingame,
do hereby certify that the foregoing Resolution was introduced at
a regular meeting of the City Council held on the 7th day of May,
1979, and was adopted thereafter by the following vote:
AYES: COUNCILMEN: Amstrup-Barton-Crosby-hlangini-Martin
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
7 7ZZ4
ty Clergy
5/2/79
CONSENT TO ASSIGNMENTS
The City of Burlingame hereby consents to the assignments
attached hereto as Exhibits A and B.
Executed this 7th day of Apsl, 1979 at Burlingame,
California.
CITY OF BURLINGAME
BY:(2
Its: City tlanager
Attest: &
City Cle k�
Hay 9, 1979
C
ASSIGNMENT AND CO �NT
TO ASSIGNMENT OF Lr;ASE
ASSIGNMENT OF LEASE
FOR VALUE RECEIVED, the lease hereto attached, dated
May 20, 1965, by and between CITY OF BURLINGAME, a municipal
corporation (Lessor), and R. C. JOHNSON REALTY COMPANY, a
California corporation (Lessee), and heretofore assigned to
MARIN MANAGEMENT COMPANY, a California corporation as
successor Lessee, is hereby transferred, assigned and conveyed
by 14ARIN MANAGEMENT COMPANY to UNIVERSITY PJ, -,AL ESTATE FUND,
LTD., a California limited partnership; and.in consideration
thereof, UNIVERSITY REAL ESTATE FUND, LTD. hereby agrees to
pay to Lessor the rent due or to become 'due under the terms
of said lease and further assumes all other obligations of
the original Lessee to the Lessor.
DATED:
MARIN MANAGEMENT COMPANY,
a California corporation,
President
Sec'ctary
UNI 'RSITY REAL ESTATE FUND, LTD.
By: University Advisory Company
its general partner
By _
a general partner
By
a general partner
A.SS I (;P+'MLNT 01: LFASk
University Real Estate Fund, Ltd. ("University"), a
California limited partnership, herehy assigns all of its
right, title and interest in that certain lease dated May
20, 196S, by and between the City of Burlingame and R. C.
Johnson Realty Company to Donald W. Nahrwold, an individual,
and William ;Norton, an individual.
Executed this
Beach, California.
day of March, 1979, at Long
UNIVERSITY REAL ESTATE FUND, LTI).,
a California limited partnership
By UNIVERSITY ADVISORY COMPANY,
Its Coneral Partner
BY
C94e C�zlr D'f Aluxr.Lix l3a"'re
SAN MATEO COUNTY
CITY HALL -501 PRIMROSE ROAD
BURLINGAME, CALIFORNIA 94010 TEL:(415) 342-8931
May 22, 1979
RALPH CRANSTON, ESQ.
University Group
666 East Ocean Boulevard, Suite 3101
Long Beach, California 90802
Subject: Approval of assignment of lease.
Dear Mr. Cranston:
Enclosed are certified copies of the resolution
of Council and the signed assignments regarding the lease
which is being assigned to University Real Estate Fund,
Ltd. I would appreciate receiving a copy of the recorded
documents once the escrow is closed.
Yours truly,
/ afz',�
COLEMAN
City
Enclosures
JFC/k
cc: City Clerk
Public Works