HomeMy WebLinkAbout1979-163
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RESOLUTION NO. '79'-1 ~ :5
2 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
ASSIGNMENT OF THE INTEREST OF SAID CITY AND THE REDEVELOPMENT
3 AGENCY OF THE CITY OF SAN BERNARDINO IN A SIGN LEASE TO ROGER
HARMON MOTORS, INC.
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BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
5 OF SAN BERNARDINO AS FOLLOWS:
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SECTION 1. The Mayor of the City of San Bernardino is
7 authorized and directed to execute on behalf of said City an
8 assignment with Roger Harmon Motors, Inc. relating to a sign
9 lease, a copy of which is attached hereto, marked Exhibit "A" and
10 incorporated herein by reference as fully as though set forth at
11 length.
12 I HEREBY CERTIFY that the foregoing resolution was duly
';13 aIlIopted by the Mayor and COIllIllon Council of the City of San
14 Bernardino at a
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day of c~
meeting thereof,
15 held on the Jt/i.
,
, 1979, by the follow-
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ing vote, to wit:
AYES: Councilmen. LJ A L "L Q1-l J" /1 - J /.../- .
J.U''f::ii:: 't'~~~;~
NAYS: '/1/IAt?./
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ABSENT:
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of
The foregoing
, 4Ju;(
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/' C1 ty Clerk
resolution is hereby approved this c:??J7K
, 1979.
day
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Approved as to form:
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ASSIGNMENT OF
LESSOR'S INTEREST IN SIGN LEASE
This assignment is made and entered into this ~otl
day of ~~. , 1979, by and between the City of
San Bernardino, a municipal corporation, hereinafter called
"Assignor", and Roger Harmon Motors, Inc., a California
corporation, hereinafter called "Assignee".
WITNESSETH:
WHEREAS, concurrently herewith Assignor is leasing to
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Assignee a certain parcel of real property pursuant to a
document between them, herein called the "basic lease"; and
WHEREAS, Assignor is currently the lessor of a certain
sign lease, a copy of which is attached hereto as Exhibit
"111; and
WHEREAS, Assignor and Assignee desire to have Assignee
solely responsible for the whole of said premises pursuant
to the basic lease including the rights of lessor under said
sign lease,
NOW, THEREFORE, in consideration of the entering into
of the basic lease and the agreement hereinafter set forth
of Assignee to pay over to Assignor any and all rents received
from lessee of the sign lease, the parties mutually agree as
follows:
1. Assignment. Assignor hereby grants, transfers,
and assigns to Assignee all of the right, title, and interest
of Assignor in and to that certain sign (Exhibit "I"). Said
assignment is for the term of the base lease between Assignor
and Assignee of the subject premises.
2. Rents. For so long as Assignee is in occupancy of
the premises leased from Assignor and/or is obligated on the
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basic lease, Assignee shall collect any and all rents as
required under the sign lease and, within ten (10) days
after actual receipt, pay over any and all such rents to
Assignor.
3. Assignee's Obligations Under Sign Lease. Assignee
shall be obligated to perform any and all of Assignor's
obligations as lessor under the sign lease throughout its
term in accordance with the provisions thereof, and shall
hold Assignor harmless therefrom throughout the term of this
Assignment.
4. Assignee's Rights Under Sign Lease. Assignee
shall have any and all rights of Assignor as lessor under
the sign lease, including lessor's rights of termination
and/or to refuse to extend said sign lease in accordance
with the terms of said sign lease.
5. Reversion to Assignor. Upon any termination of
the basic lease, any and all rights as lessor under the sign
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lease shall revert to Assignor, and Assignee shall execute
any appropriate instruments to evidence said fact.
IN WITNESS WHEREOF, the parties hereto have executed
this lease on the date first hereinabove written.
ASSIGNOR
~#Y/~~
e1ty Cler
By
ATTEST:
as to
REDEVELOPMENT AGENCY OF
OF SAN BERNARDINO, C
By
Secretary
Wm. A. Flory, Counsel
ASSIGNEE
ROGER HARMON MOTORS, INC.
By/'
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PresJ.dent
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