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HomeMy WebLinkAbout7851 - Tract 7953 ImprovementsRESOLUTION NO. 7 85 1' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH KOLL CENTER NEWPORT , SUBDIVIDER, FOR THE CONSTRUCTION OF IMPROVEMENTS IN TRACT N0. 7953/IN -TRACT DEVELOPMENT WHEREAS, there has been presented to the City Council of the City of Newport Beach, an agreement in which KOLL CENTER NEWPORT , subdivider of y. No, 7953 /In -Tract Development Tract Lo onstruct 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 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 24th day of October 19 72 Mayor ATTEST: City er4 C G' � C RTIFIED AS TM_ n, "n;NAL MY CLERK 0, is C:iY W ;7Z;7�;.:i °. ".. °,C9 mh 10/17/72 DAs,