HomeMy WebLinkAbout2006-107 - Ad Hoc Committee to Negotiate Development AgreementRESOLUTION NO. 2006- 107
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH ESTABLISHING AN AD HOC COMMITTEE TO
NEGOTIATE A POTENTIAL DEVELOPMENT AGREEMENT
BETWEEN THE CITY AND SUNSTONE HOTEL INVESTORS, INC.
WHEREAS, Sunstone Hotel Investors, Inc. has submitted an application
to develop timeshare units at 1107 Jamboree Road; and
WHEREAS, pursuant to Chapter 20.84 of the Municipal Code, the
approval of a timeshare development requires the City to enter into a
development agreement with the applicant.
NOW, .THEREFORE, the City Council of the City of Newport Beach
hereby resolves as follows:
Section 1. Establishment
An Ad Hoc Committee is hereby established for the purpose of negotiating a
development agreement between Sunstone Hotel Investors, Inc. and the City
of Newport Beach.
Section 2. Duties of the committee
The Committee shall have the following duties:
a) Work with City staff and designated representatives of Sunstone Hotel
Investors, Inc. on the terms and conditions of a possible development
agreement for the development of timeshare units at the Hyatt
Regency Newport Beach resort located at 1107 Jamboree Road.
b) Recommend to City Council action on the potential terms and
conditions of the development agreement.
Section 3. Composition of the Committee
The Committee shall consist of two (2) City Council Members appointed by,
and serving at the pleasure of, the Mayor.
Section 4. Duration of Committee
The Committee shall expire at such time as the Committee completes its
negotiations with Sunstone Hotel Investors, Inc. and its recommendations on
potential courses of action are transmitted to the City Council for
consideration.
ADOPTED this 120i day of December, 2006.
ATTEST:
STATE OF CALIFORNIA }
COUNTY OF ORANGE
CITY OF NEWPORT BEACH }
I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 2006-107 was duly and regularly introduced before and adopted by
the .City Council of said City at a regular meeting of said Council, duly and regularly held on the
12th day of December 2006, and that the same was so passed and adopted by the following vote, to
wit:
Ayes: Henn, Curry, Selich, Webb, Daigle, Gardner, Mayor Rosansky
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 13th day of December 2006.
City Clerk
Newport Beach, California