HomeMy WebLinkAboutReso 91-045 - Approve the consent to assignment of lease of the Sacramento Savings Bank Lease, as assumed from Charles C Young III at RMA to William A Cameryi
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RESOLUTION NO.
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING APPROVING THE CONSENT TO ASSIGNMENT OF LEASE
OF THE SACRAMENTO SAVINGS BANK LEASE, AS ASSUMED FROM
CHARLES C. YOUNG, III , AT REDDING MUNICIPAL AIRPORT,
TO WILLIAM A. CAMERY AND AUTHORIZING THE MAYOR TO SIGN
SAME.
IT IS HEREBY RESOLVED by the City Council of the City of
Redding as follows:
1 . That the City Council of the City of Redding hereby
approves the Consent to Assignment of Lease of the Sacramento
Savings Bank Lease, as assumed from Charles C. Young, III , at
Redding Municipal Airport, to William A. Camery, a true copy of
which is attached hereto and incorporated herein; and
i 2 . That the Mayor of the City of Redding is hereby
authorized and directed to sign all necessary documents on behalf
of the City of Redding, and the City Clerk is hereby authorized
and directed to attest the signature of the Mayor and to impress
the official seal of the City of Redding on the aforesaid
documents, when appropriate.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 15th day of January , 1991 , and was duly
adopted at said meeting by the following vote:
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AYES: COUNCIL MEMBERS: Arness; Dahl , Fulton, Moss & Buffum
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
U % Mayor �C
Ci of Redding
ATTEST: FORM APPROVED:
orETHEL A. NICHOLS, City Clerk RAN ALL A. HAY zty Attorney
CONSENT TO ASSIGNMENT OF LEASE
WHEREAS, on March 3 , 1975 , the CITY OF REDDING entered into
a Lease Agreement with ROBERT G. KEELINE, FREDERICK H. PIZZI and
CHARLES C. YOUNG, III , a general partnership doing business as
KEELINE, PIZZI & YOUNG, Architects , covering certain ground area
1 at Redding Municipal Airport; and
WHEREAS, on January 17 , 1977 , the City Council consented to
the Assignemnt of said Lease to CHARLES C. YOUNG, III ; and
WHEREAS, on October 23 , 1985 , Sacramento Savings & Loan
Association, a California corporation, obtained an interest in the
CHARLES C. YOUNG, III leasehold by virtue of funding a loan on the
subject property secured by a Note and Deed of Trust; and
WHEREAS, on August 18 , 1987 , Sacramento Savings & Loan
Association commenced a foreclosure proceeding on the subject
leasehold interest and subsequently became the LESSEE; and
WHEREAS, Sacramento Savings Bank, formerly Sacramento
Savings & Loan Association, as LESSEE now requests that the City
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consent to and approve the assignment of the subject leasehold
interest to WILLIAM A. CAMERY;
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NOW, THEREFORE, IT IS AGREED by and between the parties
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hereto as follows:
1 . The CITY OF REDDING, as LESSOR, does hereby consent to
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the assignment of the Lease dated March 3 , 1975 , and all Amend-
ments thereto, to WILLIAM A. CAMERY, effective January 15 , 1991 .
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2 . WILLIAM A. CAMERY agrees to provide a sublease agree-
ment between he as LESSEE and National Car Rental as SUBLESSEE to
the City for its approval of same.
3 . Sacramento Savings Bank consents to and requests the
Assignment of Lease as described herein.
IN WITNESS WHEREOF, the parties hereto have executed this
Assignment of Lease on the day of 1991 .
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CITY OF REDDING
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By:
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NANCY BUFFUM, Mayor
SACRAMENTO NGS BANK
y:
BRADSHAW
Executive Vice President
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:By:
WILLIAM A. CAMERY
ATTEST:
i ETHEL A. NICHOLS, City Clerk
i FORM APPROVED:
RANDALL A. HAYS, City Attorney
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