HomeMy WebLinkAbout4561 - Landmark Development Company Agreementq
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fiE 7A mic n1 f€0. 4. 4
Wi- As, there has been presented to the City Caaroil of the City
of Newport Bosch an Agroament, wherein ar1 tzhereby Ldrdmartc nevelop wA
Company, Ino., a Corporation, guarantees to the City of Newport 1leaoh that
it will construct water lines, senor .Lines, cement work and street surveys,
mut ate+ other Ugxvvwa is sham on the itTrovemant plans heretofore approved
by the City 11� said inprove ento to be located in Trnot No. 30WI and
:5 a ,,A9, add Agrewtent provides that Lac Aavalopment CcMar7,
Ino, shall file v&th the City of No Vort Roach a boW in the ewunt of not
leas than D135,000.00 to asauro full and faithful perfoimanoet end
NF{AF.8A5, the said LarAm*. N)Velotmmt CogwT, Inc+* has subtaitted
to the r.ty of Newport ',leach said Ivnd in the mount of 4135,000.00p
N014, T11w ��13, MH IT TUTS)LV C1 that the said Agreement between
Lm'L -xsic Development ompany, Ino. and the City of Newport peach be, and
the same to hereby q a vved, and the 14a ror nmi City Mai* are harft
authorized and directed to examite the same for, and on behalf, of the City
of Newport Raaoh, and the City Clark ohall trensnd.t an oxeeuted copy thereof
to the said Landmark Aovalopmv t CotnpeW. Ino.
The above and foreg irW resolution was ftly Pal mntl.arly passed
art cadopLert by the City Council of the City of Newport Reach, at a regular
maetim thereof, bald on the ,dam of 0 AAIA _ 019$6 by
the following vote, to wits
AT9=s
CITY Mme
AUS0
nA ,?A"
Ai1S%T
MAYOR
i
l� S
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THIS AOREEMENT, wade and intered into this a -2— day of
(- ,42,., . 19569 by and between Lanlonark Development Company, Inc.,
a Corporation, hereinafter referred to as "Developer ", and the City of Newport
Beach, a municipal corporation, organized and existing under and by virtue of
the laws of the State of California, hereinafter referred to as "City ",
W I T N E S S E T H
WHEREAS, Developer is proposing to develop a subdivision within the
City of Newport Beach, to be known as Tract No. 30681 and
WHEREAS, Developer is proposing to construct the fol]:6wi.ngi described
improvements in
said
subdivision, to -wits water lines,
sewers, cement work and
street surveys,
and
any other improvements shown on the
improvement plans here.
tofore approved by the City Engineer of said subdivisionj and
WHEREAS, the provisions of Section 9253.51 of the Municipal Code of
the City of Newport Peach provide for an Agreement to contain certain provisions
as hereinafter set outo
NOW, THEREFORE, in consideration of their mutual promises, as herein.
after set forth, the parties hereto do agree as followsl
1. The real property covered by this Agreement is described as
Tract No. 3068, in the City of Newport Beach, County of Orange, State of
California.
2. Landmark Development Company, Inc. agrees to complete all im..
provement work Shorn on the Final Map of said tract, including aster lines,
sewers, cement work and street surveys, and any other improvements shorn on the
improvement plane of said subdivision, within a period of 12 months from the date
hereof.
3. Said improvements shall be completed to the satisfaction of the
City Engineer of the City of Newport Beach.
1. 4. If developer shall fail to complete said improvements within the
period set out above, the city may complete the same and recover the full cost
and expense thereof from Developer, or the surety for Developer as said surety is
provided for in Section 9253.52 of the Municipal Code of the City of Newport Base]
to
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5. All of maid Inprovement rflrk ohali be subject to the inspection by
the City Aagineer of the City of Ncaavport !leach and all coate to the City of eamh
N Y1 is - eh' ! a •�� m
6. The time within which maid iMrovment shall be omplated, as set
out in the Paragraph 2 hereof, shall be wdoendod for a tism aqua to the time
Developer is precluded from carrying on said improveaesate by strikes, act@ of
Cod, fire, unusual dc1W in tr;msportation, or by my cause or causes beyond
Developer's axmErol.
7.It is further agree( that Developer shall file with the City a
board in the amount of not loos Ulan 0135,000.00, the purp000 of v*dah bond
l t f •�
I N W=TF,55 WH? —W. I.av dmm-k Development 'oa 4xM, Inc. has esma d
its name to be signed, and the City of ftmort Roach has coined its corporate
name and seal to be affi-ced by its Hayor ana City Clank thorn mto (307
by resolution of the vity Council of the City of Ilenport Beach, durly eased
regularly paaeed mi adopted at a meeting thereof hold the L2-- day of
1956.
gq
V1
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF NEWPORT BEACH
Margery Schrouder
L- -- ---- ------ --------- --- -------- ------ ---
SS.
---- -------------- _--- _...., City Clerk of the City of Newport
Beach, California, do hereby certify that the foregoing Resolution
YY 9 9..__ - - --- -----.......................-------------------------
4561
No .. ............... ................ ...was duly and regularly adopted, passed, and approved by the City Council
of the City of Newport Beach, California, at a regular meeting of said City Council held at the
regular meeting place thereof, on the ------ 22d ......... day, of........ -. October ........ 19... 56
--- --------- ------ --- -.......
by the following vote:
AYES: COUNCILMEN -
Hart, Wilder, MacKay., Higbie,
- - - - - - -- --- - ---------------------------------
Stoddard, Ridderhof, Hill
----- ------ - - - - - -- ------ - - - - -- ------------------------------------------ -- -- - - - - -- - --------------------------------------------
None
NOES: COUNCILMEN --------------------------------- -------- -- -- --- ----- --- ---- ---- -- ------- ----- -- ---- --
None
ABSENT: COUNCILMEN. -- -------------------------------------------
- 8th Dated this---- - -- --day of .. ...... ....... ...... Nov
.... . ember . -
NB 130- 500 -6/51
19 .....56 ...
Cit Clerk end ExOfficid Clerk of the City Council,
City of Newport Beach, Stateof California
to