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HomeMy WebLinkAbout6621RESOLUTION NO. 6621 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, APPROVING A SIXTH AMENDMENT TO AGREEMENT AND LEASE BY AND BETWEEN THE CITY OF ARCADIA AND METHODIST HOSPITAL OF SOUTHERN CALIFORNIA WHEREAS, on May 28, 1953, the City of Arcadia, a municipal corporation ("City"), as Lessor, and Hospital Foundation of the Methodist Church, Southern. California-Arizona Conference, a nonprofit California corporation, executed an Agreement and Lease covering the real property described therein ("Premises"), which Agreement and Lease was recorded January 11, 1955 in Book 46609, Page 39 of the Official Records of Los Angeles County, California; and WHEREAS, on August 9 , 1955, the parties to said Agreement and Lease executed an amendment thereto, which amendment was recorded August 25, 1955 in Book 48769, Page 295, Official Records of Los Angeles County, California; and WHEREAS, also on August 9, 1955, Hospital Foundation of the Methodist Church, Southern California-Arizona Conference with the written consent of the City assigned its interest in said Agreement and. Lease to Methodist Hospital of Southern California, a nonprofit California corporation ("Hospital"), which corporation assumed all of the obligations of the Hospital Foundation of the Methodist Church, Southern California-Arizona Conference under said Agreement and Lease; and WHEREAS, said Agreement and Lease was further amended by a Second Amendment to Lease dated July 5 , 1956 and recorded on August 22, 1956 in Book 52099, Page 103, Official Records of Los Angeles County, California; and WHEREAS, said Agreement and Lease was further amended by a Third Amendment to Lease dated September 18, 1961 and recorded on January 27, 1966 in Book M2109, Page 272, Official Records of Los Angeles County, California; and WHEREAS, said Agreement and Lease was further amended by a Fourth Amendment to Lease dated December 23, 1963 and recorded May 11, 1964 in Book M1518, Page 761, Official Records of Los Angeles County, California; and WHEREAS, said Agreement and Lease was further amended by a Fifth Amendment to Agreement and Lease dated August 5, 1980 and recorded on June 10, 1981, as Document Number 81-578698, in the Official Records of Los Angeles County, California; and WHEREAS, in support of the Hospital's efforts to seek financing for purposes of updating and expanding the hospital and related facilities operated on the Premises, and to reflect certain other changes to the Agreement and Lease requested by the City, the Hospital and the City have prepared a Sixth Amendment to the Agreement and Lease. z 6621 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The City Council hereby approves that certain Sixth Amendment to Agreement and Lease by and between the City of Arcadia and Methodist Hospital of Southern California, a copy of which is attached hereto as Exhibit "A" and incorporated herein by reference. SECTION 2. The Mayor is hereby authorized and directed to execute the Sixth Amendment to Agreement and Lease, together with such changes thereto as are deemed reasonable and necessary by the City Manager and City Attorney in order to accomplish the purpose of facilitating the currently proposed Hospital financing and related matters. The Mayor and the City Manager, or their designees, are further authorized and directed to execute such other documents as are reasonable and necessary to accomplish the foregoing. SECTION 3. The City Clerk shall certify to the adoption of this Resolution. [SIGNATURES ON NEXT PAGE] 3 6621 Passed, approved and adopted this tsc day of April , 2008. Mayor of t e i of Arcadia ATTEST: City Clerk APPROVED AS TO FORM: Y'' ~~i"""~'rrn Stephen P. Deitsch City Attorney 4 6621 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) SS: CITY OF ARCADIA ) I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies that the foregoing Resolution No. 6621 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 1st day of April, 2008 and that said Resolution was adopted by the following vote, to wit: AYES: Council Member Amundson, Chandler, Wuo and Segal NOES: None ABSENT: Council Member Harbicht City Clerk of the City of Arcadia 6621