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RESOLUTION NO. 8193 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH AUTHORIZING THE EXECUTION <br />OF AN AGREEMENT WITH TROY INVESTMENT FUND, A <br />CALIFORNIA LIMITED PARTNERSHIP, AND CONTINENTAL <br />NORTH CORPORATION, SUBDIVIDER, FOR THE <br />CONSTRUCTION OF IMPROVEMENTS IN TRACT NO. 8406 <br />• WHEREAS, there has been presented to the City Council <br />of the City of Newport Beach, an agreement in which Troy <br />Investment Fund, A California Limited Partnership, and Conti- <br />nental North Corporation, Subdivider of Tract No. 8406, agrees <br />to construct street and other public improvements necessary to <br />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 <br />said security is approved by the City Manager as to sufficiency <br />and the City Attorney as to form. <br />ADOPTED this 11th day of February, 1974. <br />ATTEST: <br />• ty Clerk <br />FIED AS TH O? AL <br />.. akL!,1 ........ <br />........... -' .. .. <br />CITY CLERK OF THE CITY OF NEW RT BEACH <br />FEB 15 1974 mh <br />DATE. r..._____.__-... — ----- 2/6/74 <br />