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HomeMy WebLinkAbout7252 - Tract 7148 Improvementsr] • RESOLUTION NO, 7 2 5 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH IDH, A JOINT VENTURE, AND GEORGE & WILLIAM HOLSTEIN CO., .INC., AND IDS MORTGAGE DEVELOPMENT CORP. SUBDIVIDER FOR THE CONSTRUCTION OF UJOROV NTS IN T1,CT NO, 7148 WHEREAS, there has been presented to the City Council of the City of Newport Beach, an agreement in which IDH, a ,joint venture, and George & William Holstein Co., Inc., and IDS Mortgage Development Corp., subdivider of Tract No. 7148, agrees to construct street and other public improvements necessary to serve said subdivision; and WHEREAS, subdivider has furnished security to assure the faithful performance under said agreement in accordance with the Newport Beach Municipal Code; and WHEREAS, the City Council has reviewed said agreement and found the same to be fair and equitable and in accordance with the provisions of the Code; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the Mayor and City Clerk are hereby authorized and directed to execute the same on behalf of the City of Newport Beach at such time as said security is approved by the City Manager as to sufficiency and the City Attorney as to form. ADOPTED this 10th day of August, 1970. A�TSST3 city L; rerax yor CERTIFIED AS RT Ca p� THS:mh 8/6/70 ®ATE.