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RESOLUTION NO. 7 3 S 2 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />• OF NEWPORT BEACH AUTHORIZING THE EXECUTION <br />OF AN AGREEMENT WITH STANDARD OIL COMPANY OF <br />CALIFORNIA, WESTERN OPERATIONS INC., SUBDIVIDER, <br />FOR THE CONSTRUCTION OF IMPROVEMENTS IN <br />RESUBDIVISION NO. 290. <br />WHEREAS, there has been presented to the City Council <br />of the City of Newport Beach, an agreement in which Standard Oil <br />Company of California, Western Operations, Inc., subdivider of <br />Resubdivision No. 290, agrees to construct street and other <br />public improvements necessary to serve said subdivision; and <br />WHEREAS, subdivider has furnished security to assure <br />the faithful performance under said agreement in accordance with <br />the Newport Beach Municipal Code; and <br />WHEREAS, the City Council has reviewed said agreement <br />and found the same to be fair and equitable and in accordance <br />with the provisions of the Code; <br />NOW, THEREFORE, BE IT RESOLVED that the Mayor and City <br />Clerk are hereby authorized and directed to execute the same on <br />behalf of the City of Newport Beach at such time as said security <br />is approved by the City Manager as to sufficiency and the City <br />Attorney as to form. <br />ADOPTED this 11th day of January, 1971. <br />e"— <br />Mayor <br />ATTEST: <br />c• <br />• <br />y Clerk �za <br />City <br />RTIFIE® AS THE On )NI L <br />MY CLERK OF. YHE'C. OF PO:Ci Be0 <br />DAM <br />THS : adw <br />1/6/71 <br />