HomeMy WebLinkAbout6901 - Buffalo Hills Park DevelopmentRESOLUTION NO. 6901
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING EXECUTION OF A
REIMBURSEMENT AGREEMENT WITH NEWPORT HILLS,
INC., IN CONNECTION WITH THE DEVELOPMENT OF
BUFFALO HILLS PARK
c�
WHEREAS, the Irvine Company has agreed to convey to
the City of Newport Beach certain property, along with an addi-
tional easement, for use in the development of a public park in
the Upper Harbor View Hills area, said public park to be named
"Buffalo Hills ParkP1; and
WHEREAS, there has been presented to the City Council
of the City of Newport Beach a reimbursement agreement between
the City of Newport Beach and Newport Hills, Inc., Developer,
in connection with the financing and development of such public
park; and
WHEREAS, the City Council has considered the terms
and conditions of said agreement and found them to be fair and
equitable and determined it to be in the interest of the City;
NOW, THEREFORE, BE IT RESOLVED that said reimbursement
agreement is approved and the Mayor and City Clerk are authorized
and directed to execute the same on behalf of the City of Newport
Beach.
ADOPTED this 12th day of November, 1968.
L \
Mayor
ATTEST:
City Clerk J7
THS:mh
� FIE@ AS TFPkF�IPldL
CITY CLEAK Of THE CITY OF NEVY T ,:
PAM /