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HomeMy WebLinkAbout7315 - Tract 7166 ImprovementsRESOLUTION NO. 7 31 5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH IDH, A JOINT VENTURE, SUBDIVIDER, • FOR THE CONSTRUCTION OF IMPROVEMENTS IN CONNECTION WITH TRACT NO. 7166 WHEREAS, there has been presented to the City Council of the City of Newport Beach, an agreement in which IDH, a Joint Venture, subdivider of Tract No. 7166, agrees to construct street and other public improvements necessary to serve said subdivision including Vista del Oro improvements, adjacent to said tract; 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 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 23rd day of November, 1970. • a v i Mayor ATTEST- Aft [ED AS THE O AL M CLERIC OF THW " ; OF N 2 BFACIi THS:adw 11/19/70