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HomeMy WebLinkAbout5512 - The Irvine Company Agreement(12) 1 RESOLUTION NO. 5512 2 A RESOLUT�I+OpN OF THE CITY COUNCIL OF TI-1 CITY OF NEWPORT BEACH AUI IORIZING THE MCUTION OF AN 3 AGREEMENT iu"ITll TILE IRVIISM CONPAMI, SUBDIVIDEZ, FOR THE CONSTRUCTION OF IMOVE 2NTS IN TRACT 4 NO. 4225 5 6 xvDIERMS, there has been presented to the City Council of 7 the City of New,mort Beach an agreement in wrhich The Irvine Com?anay.' 8 a West Virginia Corporation, subdivider of Tract No. 4225, agrees 9 to construct street and other public improvements necessary to 10 serve said subdivision; and 11 11RER:.AS, subdivider has furnished security to assure the 12 faithful performance under said agreement in accordance with the 13 Newport Beach Municipal Code; and 14 TnMRZAS, the City Council has reviewed said agreement 15 and found the same to be fair and equitable and in accordance writ' 16 the provisions of the Code; 17 NOWJ T:IEREMIE, 0 BE IT RESOLVED that tare liayor. and City 18 Clerk be and are hereby authorized and directed to execute tl:e 19 same on behalf of the City of Newport Beach at such time as said 20 security is approved by the City Manager as to sufficiency and the 21 City Attor -ney as to forts. 22 ADOPTED this 13th day $Novel 23 24 Naayo 25 ATTM- T: 26 �& a^ _ CatyCC' er c 27 28 30 - 31 32 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF NEWPORT BEACH) I. MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and maintained in my office, the foregoing Resolution Nos 5512 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 .13th day of November , 19 61 , by the following vote, to wit: AYES, COUNCILMEN: NOES, COUNCILMEN: Kingsley. Atkinson. Cook. Stoddard Hart, Lorenz, Somers ABSENT, COUNCILMEN: None Dated this 14th day of November 19 61 y. City Clerk \and - c o Clerk ot the City Council, City of Newport Beach, State of California. Lj