HomeMy WebLinkAboutJohn L. Henricksen and Jewell Hendricksen - 1976-07-19#A
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THE
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NO FISCAL IM PACT — - -- --�
FISCAL IMPACT • e� i^r;FTE�,
FISCAL IM,PA- F - NOT BUDGETED .__-------
REQUIRES FINANCIAL IMPACT RE°ORT�
0
6. No. 4 304
STAI 1-1 (IF CAI., TORN lA )
c: 'i t or N m I NcruN iS .AClt )
!, ALICIA M. N£N'I ORTH, the dtily elected, qualified City
Cier�- of the City of Huntington Beach, and ex-officio Clerk of the
cattY ''ottncil of snid City, do hereby certify that the whole number of
m-.!r+vrs of the City Council of the City of Huntington Beech is seven;
that the foregoing resolution was passed and adopted by the affir=tive
vot.e of more than a majority of all the members of said City Council
nt (t reKular meeting thereof held on the 16th day
of -Aui:1st , 19 76 , by the following vote:
"f:S: Cuunr.:lcnen:
ct ►. , i., t inson, Siebert , Shenkmar Yieder
NOES : Cottncii:nr.n:
tinne
ABSENT: CatinciIrrc�n:
Coen. GI-bis__.__
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California
a
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.went C' T. _
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1'att i
c; AGrN.CY
hereby
t,o raI
W1 t11dI wa 1 .
-L,�-nkar
f
E117 AGENCY OF 'I'lillE, CITY
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C I i,,.il rrrati
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A FP )','E::) A.', 10 FOF!•: :
a::�I�, ♦,�::;�, st.: i'ii,'"IrJr; DEPAR?'NEN'111':NO FISCAL IMPACT
FISCAL ItAPACT ( i f rl.._.__t_
FISCAL IMPACT •• Nye i GUJGLTED
REQUIRES FINANCIAL IMPACT RE°ORT
I
L
•
SI'A'11•. (OF CALIFORNIA )
1:1111INTY (IF OR11fiW:
CITY DF
Oes. No. 4105
1, ALICIA M. WENTWORTH, the duly elected, qualified City
Cierk of the City of Huntington Beach, and ex-offisio Clerk of the
City ('ouncil of said City, do hereby certify that the vhole number of
menhers of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution wag passed and adopted by the affirmative
vat< of more than a majority of all the members of said City Council
nt regular meeting thereof held on the 16th day
of Aug,.jst , 14_ 76 , by the following vote:
AYES: Councilmen:
B.i-tlett , Pat tinson, Siebert , Shenk,man, Wieder
NOES: Councilmen:
None
All SFN.7: Councilmen:
Coen, Gibbs
City Clerk and ex-officlo Clerk
of the City Council of the City
of Huntington Beach, California
•
J) C I "I"' Y 0 F H u n T I il Q3 T n- n B E P, (,I i
a JJ
O
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3p�
TO: Honorably: Mayor and ity ('ouncil
FROM: Planning Department l`�
DATE: August 16, 1976
ATTN: Floyd G. Bel.sito, (-'it,,* Administrator
RE: RESOLUTIONS ESTABLISHING A REDEVELOPMENT REVOLVING
FUND WITHIN THE CITY TREASURY AND AUTHORIZING AN
APPROPRIATIC-N OF .1.10NEY TO THE FUND
At the July 19, 1976 Council :Heating, the City Council was
requested by the Redevelopment Agency for «n advance of fund:;
to purchase the Henricksen property in the downtown area.
The Council concurred and staff was directed to prepare an
agreement to 1_oan the funds to the Redevelopment Agency. Also,
in order to accomplish this, it is necessary to establish a
Redevelopment Agency Revolving Fund as provided for in the
California Health and Safety Code.
RECOMMENDATION:
Adopt attached resolutions.
Respectfully submitted,
Fdward D. Selich, Actinq Director
Planning & Environmental Resources
EDS:gc
J -
.
ris•::'�)i,'�'I'rt�'1 DiTHE RE.DEVE,I,OPME;JT Af F?J,' . :•!'�
F!", ;'I: WINT I M-3TON BEACH iWTH01% 'L :,J'; 71;i '.
:i 'ONTRACT WITH THE CITY A PPR011F, ', A'.' ? '; ;
?F:� I::,anM:fJ7 p,'lnT,VI1; ; F!1111
f"
T�''r�i'l•'r1'1 F'-:"Vf''ri (lr'1 t..'►'i. !'(•,1 ♦'. _ I .'!.'i:1 r•�•.., i, . ' .
,:'. :•:. i ;•.�," r,.,t;,':'t 'Ind
An he
r1 ''7 �i♦"•'ci'^? i'E?t Wf'orl * of l,! • <i i' H'.n,
Re 1r f'I t,.monrit. Airen.- , h-v t.f''?i? ►,i �•�';.i "('. :; .►. '
f, h.: '.,-eIpt and r epayment
NOW, i'HEREFORi., the Ai—r' ., ' • ,
uiv iivt•on 9each doe h-'reby rt�,-,olve -�s - :: w:
Tht ! 7,vtt.rman of the Redwif-lofmant Pwt,n '
cantrr?ot with the ('1 ty O' Huno,' n)-
:+*,n► op r' T atinn of funds to the Redeve l opmen'
ExhYhi t "A" attached hereto.
PASSED AND ADOPTEr, by t, he Redevelopment A.-,, r
of Huntington Beach at a regular meetinv, thor—
day o i' Au gust , 1976.
ATTEST: Sr h� i i'��►, .,
�� Redev�•l:�t�ment �1,•' r.
Clerk
APPROY AS TO CONTEN
J
-C: hief ExeMive Officer
w
APPROVED AS TO FOPM:
City ACtorn V,
Advli er• for 1110 Rt'
A v irm r y
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__ CIvrk f the horl,� v.,
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A ('j !I ,i n a � ram •." :' : .
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� � . •� I'�''i .. Ul';�/ i'l T' L!i,� �,�iT'Fi ,:�:� •- l`:' '. : .
.'� ' .
purp;)::r:, ; and
'1TY i:; appr,opriatinF t.he
{„. , t;,'.
�.
i l:T•p; re c(;f ; rovidinF, f .I• ai:i
TOif' CITY des ires tolend to A ;r.!: CY and',.
i'Y monij�:, sufficient Lc, me f.. 'hf
7PP,!;'1' 19
#•mbo..i I ed in t tie aforement Ioned ptli' •!ifi:,E' i;,:.,",r
•., ' .
NOW 'THEREFORE, the parties hereto
' CITY wi 1 l d^no:- i t In i: s R,�,1' '.�•' l��i�!r�•!.'
�'
c: ;, .i ►i►�
sum e!' ±lOr, ,000.
1 1 tend AGF11C Y�� 1 ` �•
rTlf't�: t he pavmfjn'.5
�lt1I'ch%;gf agree-wnt .
A 1 1 fund:� 1 c�fined to AGf:N{_'Y puns .r�r�• 1+' +'"'' ' -
�;'..: t,.. AGENCY withit.
ty-r,, ap;-)n th recede
1 :1►11''rl ! 3 .!T'r' ;Iv ai fable rnr the :fir
•'i � � � �lr. R�+(�!"1�' 1')�': �t�C;!. L�f�V:1).•: i rlr ..I. � .'�;��' r� '•` � ' '
.• �� i�; `:, ;it '.ho rate of s'.x Fief+:
.-,n.y'.1nd�'C� annual ' Y `.'r'nr^ the visit!' J' r';i `; ! ! '. • '1:;
• ►1(? i,! r:it. Year of ter date o!' ':his ,��-: f.t,•�..-.. �;:' ! ► ;
•�p-,1'7'nt thereof, -and advances in f.lt...:•" !.:.:
:ntererzt at rates , c be dptermlnel, . .. .•
1Ivan ce9 ire made
5. In the even that at any
,"'her funds which are then available .`': r• 18r !r. ''
n; the Henricksen Purchase Agreement t hf,r, A ;F.N',1'
u, ilize such funds in the performance c-•`,' s.-il.i 71;7r,•t-r•'!i' • 7 '
r•ip,ht to draw upon the fiends from the Redevrior:ner.' R• ': !::'
Find as provided herein shall then anc: 11here �rn'lir,:ir
event, CITY may thereafter at its sole opt ton wl t hA r%*4 r�:
In the Redevelopment Revolving Fund which were :'ur•nir�w ;
repaid tr► such fund pursuant to this aFreemf1 ' 'VIA ;4
-,.rrees t o sa id withdrawal .
t e m v n t a,, 1 (1 m i -:i ;jr
Ion re t urn
-)NTFN7! APPF'WE!l
T(i i;-l—F I f —r-, I t... A
RY INITIATING DEPARTMENT:
o rf,
w
3E
Dated: '— — I
tNCY OF THE - I 7Y
- — ------------ REDF.VrOPM.NT A
OF HUNTIN TO��EA , BCH B
Chairman
• . Cam%
-f 000 --I BY
3.
I
-� . Fi ' •
i ri
1 ; , . . �I ' •A .. T �i '. ' � •r 1 l • 1 . y 7
e.'
;-,;•.;t ae•' ? : 1 r. :; 1. ! r . • '
' ilf:,
'^tml~n! ini,
3Pf.rof',r
i'it
mnney t ' the _r)p,11f,r)t
v-t ..
5,-•c'
ic..r. 3 rc,vidf�s that �' .'� :...: ,,. :... • .. r ...a
v':)t 01'
' he
' + tnc 1 : i,)ney may b,' cl : ; , 1 . • ,
,
rll. 1 `.'und
r the 'fjll ::; 1 t iot1 of rf;i 1 , ;'• ! �, .
Health and Safety Cade 33F,26 irit It
volvinp Fund can bf� abolished by the Ccunct .
nnc•de•t'. and the money transferred back •ctl•'
A series of resolution: for Council And A,-)—ncy Ii ~' ; '
and a loan agreement tretween tilt? City and tht- Aq-t •',
chose of the Henricksen property have :-,ror-pitz— i
and compliance with the above sections.
The resolution of the Council creati ,,., thf- F—I.evol 1 q� ! r:,•
Fund requires a simple majority vote. Thf• rt -oIut:��i;
appropriating to the 'Fund the sum of tlt)C,OC;'. for f,��r t'',,t•rn,in c '.
the Agency of the Henrick^en property purr.ha:;1--lvr� f•'n' -,t 1'l r
a two-thirds Vote
Resolution 7 of the Redevelopment Agency authort ut 1 (,Ti
the loan agreement with tho city. ThIr ro,-.olutI(�n reqlli rf•,-,
I VI nr F Ind
-me r
y L) f Aj,ency f
nu� hO r I zed the f
w! t!;
rid 1 i,
BON.
oittr r n ts'%
D P B : 'v.'S A : a h b
•
E
(ITY
OF
HunflnGTOf)
BFRCH
PO ROY
190 CAl1/OPNIA
9764H
PLANN!h);', f)'
TO: Honorable Mayor and City Cour, 1 00
FROM: Planning Department.
DATE: August 16, 1976
ATTN: Floyd G. Belsit.o, City F.,imini�' t �tor
OH
LA
RE: RESOLUTIC)NS ESTABLISHING A RE;)E'VF.L0PMF':. F'.c.V0LV I": ;
FUND WITHIN' THE CITY TREASU10 !V%"D A*.'
APPROPRIATION OF MONEY TO THE
At the July 19, 1976 Council meet i nd , t h�, Ci t y Cc.oun 7 :: w a -;
requested by the Redevelopment Agenc} fc,r are of `.rr.-i:
to purchase the Hens icksen property in tht.
The Council concurred and staff was d ire-cteci to i rujp,1z ,, tr:
agreement to loan the funds to the Rede,jelopmen;
in order to accomplish this, +t is necess1-iry tc est.3' ::-,:I '1
Redevelopment Agency Revolving Fund as r r, - hc,
Cal;*.'ornia Health and Safety Code.
RECOMMIENDATION :
Adopt attached resolutions.
Respectfully submitted,
Z),Mtv 4 LP -i
Fdward D. Jelich, Acting Director
?lanning r;, Environmental Resources
EDS:gc
•' �' 'tit.' t,'::'i r. �;-,�: 1�' TJt•. �. ... 1•
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1
�, 1~ v ��' :i���. •. !:i rt i (} L.ri' is li �. ,•,ol •• i• - ' , _
..
�?Yf?L�i:t E• t 1}n r;t r';i .'� ;• . •, , lir. '1''r'�'�
.r .•
for, h •. ht' t. :; rr:I insr, w!,
w 11 vo 'a n 'tpP;.,.; r' .in
.1 0
Fi . IT FURTHER AESnI:VF,D t ha' t h•, :;� ! ►
., ; • � '.
t he sum ONE HUNDRED THOTISANh
;pmeriL Revolving F i n d fOr I he ,xrr��:;;
provislona of Fxhibit. "A" hereof", and A!r— ' :
'h,, .
p-ny uvt,r to the Redevelopment. Arency fun'.7- ! r.
terms of Exhibit "A" hereof'.
PASSED AND ADOPTED by the City 't,unE ! : 1'
, ►, ' . -' r:
Beach at s reF-ul gar' meet. ing t hereof' he id -,r: � ►,..
, r • t� �'.. _
1976.
ATTEST:*��,/ ,�,,__.
i
City Clerk
A
i
•
_.-
If' ••
IS
NO FISCAL IMPACT
FISCAL IMPAC" f''" ' ,
FISCAL. IMPACT r, I t'";I_ I -
REQUIRES FINANCIAL 1"•4NACT, REL-c)) 'T -- - -
0
ti] A'i I. t'iF CALIFORNIA i
1,11V!: 11' 01' OR.Mit;i' I n e :
I, ALICIA M. WFMORTH, the duly elected, quilIif.e•(S .t•:
t, iorL -f the City of Iiemt ington Beach, and ex -of f is to I Ivry o., f 11,
City k'ounc:iI c:f satd City, do hereby certify that the -Awlt n,r '4,-
nembers Pf the Citv Council of the City of Huntington hencl• t �ve
that the foregoing regolut ion was passed and adopted t,v t lie• at i'! rrvlt
v,tr of more than n rmjority of all the memherti of said City
at a regular _ mweting thereof held on t'ie 10�01 _ :Inv
cif .ems Ust 19 ;tI`, by the following vote
AYSS: Councilmen.
Bartlett�P: ttinso"n1 31vbrrt, Shenk,,:,i__'�l�d�:
NOFS: Councilmen:
ABSENT: Counc i lmen:
_C2ru- Gibbs
City Clerk and ex -of f icio Clert•
of the City Council of the City
of Huntington Beach, California
A., 1 ►r :: 1
11 ,
Y ?_4�
rttn;rl 1 .1t y r• PUI'Vc
i•GI' liki' pUT'I` :'t': i and
ITY I- apprepT'!r! Ini- th1,11;
f'or• t.1ie pirpo:e of p►•(,vtdInf-)r , :IA ', •I.t: ' • � r'i 1
The CITY df'!, 1 ren tr) Iend to ►,t:f;',':C ririd ;�,, ,� •i '
''orrow fr'Dm CITY mcnie:, :;�.ffi�iE-nr t.rr ri«•« r ��,, t ., 1_ � . ,
GRANTS OR embodied _n the a!'r)rerr,ent innf -d p t..i:,�•
NOW, THEREFORE:, the parties herd r• IF1,11f, a:•
1. CITY will depo."l' 1 r, It --
Fund t:ho :,um of :100,000•
R 1 "
i 'h;'it'Ii rl,t'.•�lit:r t�'1't•,^!•'11; .
A 1 ; :'::r: is 1 aned t „ V;1- r,.
. 'i [�;1:1 , i� t.►.� Tit_(1•' :••. 2'�1-..:�'•�� t:.'. 1 ,.� ,.r. .. •, ti '
y enr irll�r� 7� '. •. lt :'!1� t.. � •' :, A f. r.Ii �. ��'... • •..
.?t-mpolif"illannila1 1 f'''cm ht' "1rit t,
the f1t'S` Y•. iv aftor late or
repayment: hereoi't -inn. cadvanc`;? 41r,
in.,erest at rater t r•mIned h, ' ►; r:.
advances are made.
5. Ir the event. that .it, and `' �• 11•••t' .
other funds which ar•e then avaI Iable r•. , r . t .• ,
of the Henrick3etl Purchnne Agreement thfrn 11"F.NC"i h:��
utilize Such funds In : he perfcrnanre sa ld ab!
right to draw upen the funds from the RndF•rt"l� r�rn��r;' i;• .
Fund as provided herein steal: th?n an(! there t.-:�rm'•n;t' !�
event , CITY may thereafter at its sole opt ion with-!:'-iw ��r,: .r•
in the Redevelopment Revolving Fund which were furnish�-1,
repaid to such fund purse.ant to this agreement- ono: i� ;F.'� "�' h :•��t���
tiTrees to said withdrawal.
2.
APi Rnv Li AS T(- CC)NTENT I. V
C. I t jF Ad -n I n I s f, rl, .. c) r
APPROVE71 BY !"ITIATING DEPARTMEPT:
WS, A : h t.
a e rl
REDEV oP,%-4,EIJT AGENCY
C' OF
t'.
C 1 -la i I'ma t
M
I
► n •�• T t�. ►,,� .. l►.Jr,+,
Ire ;t}r T
t� ,"ctc: .... •^s� ..� .+.
il
1 +
C S t .� ! ll.��• ! r lam• .,� 1 { 1. l I;,aI•..i' 1 ^
)T1f jn 1\h
Po(jA ti (t tl-.�•:r'I:,. f� i`�r�r�' • �• .
PAS;;E::J AND AI)'Ir•";
on F-ie�ii jl ;1t a
19��-
Clity Clerk
Ai'PPOVED AS TO r,PRR(-,%,Fr, ,�,. •i.
A: , .,.WE:U/ T?JTTlA T1T 1 r1i �V� FISCAL IMPACT
FISCAL IMP/, - !
FISCAL IINSF 't-11
REQUILE S FINANCIAL 1',APAC J RV(',,,
0 1 . 4, ,
OF ('AI.I FORN 1A )
t: I I Y (IF IU' I NCT4)N' 11F:ACH )
I, ALICIA !!, WENTWORTII, the duly elected. qualifies! %'ltv
c lvr� of the City of {Huntington Beach, and ex-officto Clerk of till
c'!tv Council of said Citv, do hereby certify that the whole member (,t
meribers of the City Ceu• :11 of the City of Huntington Beach is sewn,
that the foregoing resolut ton wits pOgLed and adopted by the of f i rmat t .:1•
vote of more than a ma iority of All the m2mhers of said Cit : Council
at n rcKular meet 1pg thereof held on the ^_ 1 e �� day
CAI Augu-,t , :9 7b— , by the following vote:
AYFS: Councilmen
Bartlett Pat tinaon, Siebert Shen',cm_o
40ES: Councilmen:
voile
ABSENT: Counc L lm2a:
Coen, Gibbs
City Clerk and ex-•officio ►:lt r�
of the City Counci; of the city
of Huntington Beach, f'aliforn;a
•
�� A! City of Huntington
P.C. aox Rio
OFFICE OF T112 CITY CLERIC
.July 20, 197(-
Kr. and Kra. John L. Henricksen
618 Adana Avenue
Huntington Beach, Californir 92646
Dear Mr. and Kxo. Henzickwant
0
71�
'
Beach/-e tiu A Ea,"j
The Redevelopment Agancy of the City of Huntington Beach
at its regular mating held July 19, 1976, approved an
Agreement for purchase bey the Agency of yatir Property
located on the west side of Sth 6t:eet betaeen orange
end Olive Avenues. rho Agency also approvod the Addendum
-) ths. Agreement relating to the assignment of the *misting
renta 1 agreement with golden Coaut Laboratories and Huntington
i e,v.-h Laboratories.
We are enrloniny a duly executed copy of said Agreement and
rvidendum to your rocorde.
1;t ncecely your!►.
Al ►-_ is M. Wentworth, Chaimtn
Hunt ingtor, Beach Redevelopment Agency
Fnc .
E
F01 SALF OF REAL PIMOPEWPY
I..; entered Into tali'l 0114 r.',;, Y of
1976, by and between JOHN L. HENRICKSi.'.
tiutiband and wife , he v#�, Inaf te r 1-alien
R E D E V E L 0 P M E Wr AGENCY OF T H E CITY () lk'' si U NTI NV; 'N
r. curoorate and pol ! t 1,,. , hereina' I or al led
Wrol; Is the owner of cer-LaIii real Prupt—l-,.,
i.. n
y )1' Huntington Beach, 'oun ty
an,l 'AiANTEE desi-es t,,,.. :3,-1 1
e 1, IL Y for the j..) k. I- Et? K I",;
part A e., A here*.
;ell and GRAN "Eh 'wi—t
"ity u!' Hunt Ir,,-'
W.
24 -1 25
lcincou.,% Map: -.
r a n Ir t he
I a• AI G d e c i
I-)14 - (', 'I
r, Vap Bcok 14 Pai�.(- 4
i f sly (, h;i d t,, P A 1NT!-'. 1%
11,! real pr,,)perty :ihall bc--- `_)NE WINDRFI) -Hl)'.
be paid as follow;;:
shall I pay to, J RAN1' IN t lit, ,;lim PANTEI. 1. �
1LLAPS or, the apr-rco-i! Z It 1v
of a preliminary title report and covenants, k:i n ii-
• ; r;. and restrictions on subject property. If the condition �f'
:#_• 1:3 unacceptable to GRANTEE'S Legal Adviser, this agreement
0-ill be null and void.
6. Title insurance is to be provided and paid for by
(;F.A11TOR.
7. (;HANTOR shall remain liable for all taxes assessed
iris! attributable to that period of time prior to date of recorda-
t.i.w. ,f• said grant aped. GRANTOR shall remain responsible for
'inJ and a11 taxes that may be assessed pursuant to reservat:can
h, - T' neral rights hereunder.
IN WITNESS WHEREO?, the pRrties hereto do hereby execute
• ar;roement on the date first above written.
REDEVELOPMENT AGENCY OF THE
CITY OF HUNTINGTON BEACH
BY
AS TO CONTENT AND
:.s" 1-,C) fED AS .NITI AT1NG DEPARTMENT:
,./.f Executive Officer
3•
APPROVED AS TO WORM:
Legal Adviser
Eq�N L. N C SEN, GRANTOR
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J•L 1ENRICKSEN . UHANTUN
ADDENDUM TO AGREEMENT
RANTOh hereby assigns to GRANTEE all right, title
�� :;�* • : �•.;c as LESSOFI of, in, to, and under those certain rental
d ited June 15, 1973 between JOHN HENRICKSEN, LESSOR
:ir, i "MI.DEN COAST LABORATORIES AND HUNTINGTON BEACH LABORATORIES,
:N WITNESS WHEREOF the partieB hereto do hereby execute
r.:. AAAen&urn 'It) Agreement on the
ri';' : t..:; i, .
i.. )NTENT AND
4' day of 1976.
REDEVELCPMENT AGENCY OF THE CIT`!
OF HUNTINGTON BEACH
APPROVED AS TO FORM:
Legal Adviser
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COUNCIL ADMINISTRATOR COMMUNICATION
T(. Honorable Mayo'r and/10t
�rom Floyd C. Bels i to
city Council Members Acting City Administrator
Suhjec, 1111RCHASf: Or DOWNTOWN Date July 1 S , 1976
} RO PFP.TY
Subsequent to the City Council's action on January 19, 1976, whereby
the Citv Council authorized the City Administrator's Office to pro-
ceed �.ith acquisition of downtown property identified by the attached
map from proceeds of the sale of City owned property, attached herewith
is an ,agreement between the Redevelopment Agency of the City of Hunt-
ington Reach and John L. Henricksen and Jewell Henricksen implementing
this ;action.
The Planning Commission at its meeting of April 20, 1976, made a finding
of conformance with the General Plan cn the proposed downtown property's
acquisition. Thr property identified in the attached Agreement is des-
ignated as specialty commercia: on the Land Use Element of the Master
Flan an; therefore has been determined by the Planning Commission that
acquisition for a Public parking lot would he in conformance with the
permitted use,; of this designation
lie have recent1v c ncluded the sale of the Occanview Fire Stat ion property
located on Beach He .lv%-a rd sou''.h of warner Avenue and the proceeds have
been deposited in Account H221-Civic Improvement Account.
An -addendum to the Agreement for Sale of Real Property has been attached
which nrovides for the grantor to assign to the Redevelopment Agency his
exiting lease with Colden Coast Laborateriis and Huntinr.!on flva�:h I.ah
oratories for p3rking lot purposes. This It—ase current Iv prov!des for
a nnnth 1 v rental fee of S50.
PE(:O!t?►+ NPATION
1. Approve the Agreement for Sale of Real Property betwtren To�hn I..
Henricksen and .Jewell Henricksen and the Redevelopment ARencv of the City
Of Huntington Beach.
Fxecute the Addendum to Agreement relating to the assignment of the
exi!cting rental apreeme:nt with Golden Coast Lahoratories z:ncl Hunt ingt(-)n
P�•,�ch Laboratories.
3. Request a Inan frnni the City of Huntington Beach equivalent to the
purchase price to be repaid from the sale of bonds.
Res .ct ful ly submitted,
loyd elsit0,
A,:ti p, City Administrator
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%ttat:hment: