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RESOLUTION NO. 7 3 6 -% <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF <br />AN AGREEMENT WITH TEXACO, INC., SUBDIVIDER, <br />FOR THE CONSTRUCTION OF IMPROVEMENTS IN <br />RESUBDIVISION N0..292 <br />WHEREAS, there has been presented to the City Council <br />of the City of Newport Beach, an agreement in which Texaco, Inc., <br />a Delaware Corporation, subdivider of Resubdivision No. 292, <br />agrees to construct street and other public improvements necessary <br />to serve said subdivision; and <br />WHEREAS, subdivider has furnished security to assure <br />the faithful performance under said agreement in accordance <br />with 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 <br />City Clerk are hereby authorized and directed to execute the <br />same on behalf of the City of Newport Beach at such time as said <br />security is approved by the City Manager as to sufficiency and <br />the City Attorney as to form. <br />ADOPTED this 25th day of January, 1971. <br />ATTEST: <br />Ci y Clerk <br />(QL EB 45 THE AC <br />I <br />fdERK OF THE CITY OF NEWPOY B :ACH <br />1AW 2 7 1971 <br />oa� ............ . _ ........�._ .� <br />THS:adw <br />1/21/71 <br />