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RESOLUTION NO. 1234
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF HUNTINGTON BEACH FINDING
• AND DECLARING THAT IT BE FOR THE BEST
INTERESTS OF THE CITY TO IMMEDIATELY
ENTER INTO AN OIL AND GAS LEASE COVER-
ING CITY OWNED PROPERTY
WHEREAS, the City of Huntington Beach owns certain real
in the general vicinity of the intersection of State
property g Y
• Highway 101 and Hampshire Avenue; and
WHEREAS, it is believed that said lands may contain
valuable deposits of hydrocarbons and producing wells have
recently been drilled in the vicinity of said lands and further
• wells are now being drilled near thereto ; and
WHEREAS, said wells may be draining oil and gas from
beneath said City owned lands; and
WHEREAS, the City has been receiving proposals for the
• leasing of said land and has been considering said proposals
for a period in excess of three months; and
WHEREAS, proposed leases have been presented for the
consideration of the City of Huntington Beach ; and
WHEREAS, it is deemed necessary and expedient for the
• best interests of the City that a lease be entered into imme-
diately in order to preserve , protect and develop the rights
of the City in said real property and to prevent the possible
drainage of its oil resources therefrom
NOW, THEREFORE, BE IT RESOLVED, by the City Council
of the City of Huntington Beach that
•
1. The City Council does hereby resolve, find and
1.
Reso. No. 1234
STATE OF CALIFORNIA
County of Orange ) ss:
City of Huntington Beach )
12 JOHN L. HENRICKSEN , the duly elected, qualified and
acting City Clerk of the City of Huntington Beach, and ex-
officio Clerk of the City Council of said City, do hereby
certify that the whole number of members of the City Council
of the City of Huntington Beach is five ; that the foregoing
resolution was passed and adopted by the affirmative vote of
more than a majority of all the members of said City Council
at a regular adjourned meeting thereof held on the 24th day of
January, 1955, by the following roll call vote:
AYES: Councilmen:
Terry, Lockett , Bartlett , LeBard, Seabridge
NOES: Councilmen:
None
ABSENT: Councilmen:
None
-i- '13, O'K�3
My Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California
3 .