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Ordinance 1620ORDINANCE 1620 AUTHORIZING LEASE OF CERTAIN. REAL PROPERTY TO SANTA FE- POMEROY, INC. (3.501 ACRES) 'WHEREAS, Santa Ee -Pone- roy, Inc., a corporation of the state of Washington, desires to lease certa.i € i tide and submerged lauds owned by the City and containing 8.501 acres more or less, described in the form of lease referred to hereinbeiow, for a term of 10 years, commencing .tune 1, 1970, at a total base rental of s86,750.50, with option of re- newal for three additional 5 year terms at a total base rental per 5 year term of 515,375.25. but subject to cer- tain periodic percentage in- creases of said sum at the beginning of any of said re- newal terms, for purposes wl2ieh will benefit., promote and accommodate commerce and navigation. and which will not interfere with same-, and which will be in accordance with the provisions of un A.ct. of the Legislature of the state of California, approved May 24, 1917, and found in Statutes of California, 1917, Chapter 594; and WHEREAS, the City Council finds and determines that the use of the said property will be for said purposes, that Santa Fe- Pomeroy, Inc.. is the owner of uplands abutting up- on said .lands, and that it Nvill be in the public irrtor{' -'t 0 () enter inter the proposed lease; and WHEREAS, a form of lease containing the covenants and agreements by and between. the City and said Santa Fe- Pomeroy, Inc.. has been pre- pared and submitted to this Council and is on file in the office of the City Clerk marked, "F i .1 o c3 , May 19. 1970," and the Council is aware of and approves the contents thereof; • NOW, 'I HER FORE, 13E IT ORDAINED 13Y rf H L COUN- CIL OF THE CITY OF ALAM FDA: Section 1.. That the form of lease referred to in the above Aueitats, and the terms, condi- tions, covenants and ag• ree- ments contained therein be and hereby are approved. Section 2. The Mayor be and hereby is authorized to exe- cute on behalf of the City, a lease of real property to Santa Fe- Pomeroy, Inc., a 'Washington corporation, said lease to be substantially i n the form, a n d containing, the terms, conditions, covenants and agreements set forth in said form of lease, and the City Clerk is hereby directed to attest to same. Section 3. This ordf nance* shall be in full force and effect from and after the ex- piration of thirty (30) days from the date of its final. passage. Terry La Croix, J. Presiding Officer of the Council Attest: Irma L. Nelson City Clerk 1, t undersigned, hereby certify that the foregoing Or- dinance was dryly and regular- ly adopted and passed by the Council of the City of Alame- da in regular meeti rig assem- bled on the 3rd day of June, 1970, by the following vote. to wit: AY ES: Councilmen F ore, Levy, Longaker, McCall and President LaCroix, 1 r.,(5). NOES: None. .ABS ENT: None. IN WITNESS Wl- I:F]REOF, 1 have hereunto set my hand a rid affixed the official seal of said City this 1 th day of June, 1970. (SEAL) Irma L. Nelson City Clerk of the City of Alameda A -750 — Publish June 6. 1970