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RUMUTION No. 420 <br />1 <br />2 MEREAS. there Me been presented to the City Cowtuall <br />• 3 of the City or Newport Beach for its approval. the final M p of <br />4 the subdivision "notating of Treat 2094; and <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />WHEREAS$ there has also lheon presented to the CityOoua -j <br />oil an Agreement, whersda and whereby the Irvin* Co"Any <br />to the City of Newport }beach that it *111 install the eurfb@. <br />lines. @*wars and paving in said Traot 2094; and <br />WKERZAS, said Agroomant provides that the Irwin* <br />Will deposit with the City of ,Newport Beach a am of $142,000.00 <br />in each to gwaroats@ said perfornane *,.and <br />WXVX", the said Irwin* CompOW has submitted to the <br />City.ot Newport $cook 0a14 $140000.00; <br />NOW* lMSPORS, $h; IT RESULM that the Heal Up of <br />sold 'fra@t 2094 h*, and the *aims is hereby. approved and ordered <br />filed; <br />8E If rtiRTM AIESOLVO that the said Agresseat betwe *a <br />the Irvine Company and the City of Newport goa*h be, and the sum <br />Is hereby. apprevod, and Us Mayor and City C1*wlt are hereby alit <br />orlsed and directed to execute the assn in behalf of the City at <br />Newport .bead►l and the Clerk shall traassait an executed espy the <br />of to the said Irvine ConpM. <br />The &''hove and foregoing Resolution was duly and <br />passed and adopted by who city Council <br />of the <br />City <br />of <br />Newport <br />at a regular ■seting thereof, hold on <br />Uw <br />day <br />of <br />/`e42 ,, <br />1954, by the following vet*t to wits <br />ATTEOT t <br />At <br />AUSO <br />NOES. COUNCIUM: <br />ABSENT OWNCILVENt <br />y� <br />