HomeMy WebLinkAbout4089 - Tracts 1700 & 1701 Improvements1
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RESOLUTION No,
WHEREAS, there has been this day presented to the City
Council of the City of Newport Beach a certain Agreement dated
the 2 � day of May, 1953, between the City of Newport Beaoh and
The Irvine Company, wherein and whereby Irvine agrees to complete
certain Improvements in Tracts 1700 and 17019 said Agreement be-
ing provided for under the provisions of section 9253.51 of the
Municipal Code; and
tMEREAB, it appears to be for the best interests of the
citizens of the City of Newport Beach that said Agreement be en-
tared into;
HOW, THEREFORE, BE IT P=ESOLVE9, that the Agreement datei
the p,5 day of stay, 1953, between The Irvine Company and the Cit3
of Newport Beach providing for the improvements in 'Tracts 1700 an!
1701, be entered into by the City, and the Mayor and the City
Clark be, and they are hereby, authorized and directed to execute
said contract in behalf of the City of Newport Beach.
The above and foregoing Resolution was duly and regul-
arly passed and adopted by the City Council of the City of Newp crl
Beach, at a regular meeting thereof, held on the a S day of Stay,
1953, by the following vote, to wits
29 II ATTESTS
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a / Q K. P,2I r-s "
EiV Clers
C OUNCILMEN
NOESs COUHCILXENt_
ABIENT COVNCILXENt
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AGiiIaP�FWT
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THIS AGMEnNT, made and entered into this 'D3 day of
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XRY, 1953, by and between the Irvine Company, a Vest Virginia
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Corporation, hereinafter referred to as "Irvine% and the City
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of Newport Beaoh, a municipal contoration of the 6th class, or-
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ganized and existing under and by virtue of the Lars of the State
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of California, hereinafter referred to as "City ",
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THAT WtEFa S, Irvine 1s proposing to develop a subdivi-
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sion within the City of Newport roach, to be lno-:n r_a� Irvine Ter -
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race, and
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WIMPSAS, Irvine proposes to construct the following
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described improvements in said subdivision, to ei.tt the grading,
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water lines, severs, storm drains, cement work, street surveys,
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E1 Paseo storm drains, and grade ohange for Bayside Drive, and
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any other Improvements shovn7 on the fin,,.l map of said subdivision
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and
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WfiMEAS, the provisions of Seetion 9253.51 of the Mun-
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icipal Code of the City of Neenort Doa.oh urovi6e for an Agreement,
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to contain certain provisions as hereinafter set out;
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NOW, T11MILF"ORVE, In consideration of their "actual vro-
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miles, as hereinafter set forth, the pa.rtic,. hereto Flo aCree as
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follows:
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(1) The real Property covered by this A ree ant is
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described as b`raota 1700 and 1,.701, in the Oity of % jZ -rport !leEach,
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County of Orange, 5tate of California, known :as Irvine Terrace.
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(2) Irvine hereby Qijrees to oonplete all i °iprovement
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work sbovn on the final map of said traotc, incluriyzg the grading
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u*ater lines, se rersm storm! drains, cement ; Or',, Street surveys,
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gl Paseo storm drains, and grade change for i3ayside ;)rive, within
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a period of months from the date hereof.
(3) Said, laVrovem9rAs shall be completed to the satis-
faction of the City sngineer of the City of Newport Beach.
(4) If Irvine shall fail to complete said improvements
within the period set out move, the City may complete the same
and recover the full cost and expense thereof from Irvine, or the
surety for Irvine as said surety Is provided for in Section
9253.52 of the municipal Corte of the City of Eem ort Beach, or
both.
(5) All of said improvement work shall be subject to t
inspection by the City engineer of the City of tie -:port Beach and
all costs to the City of such inspection work shell be borne by
Irvine.
(6) The time within which said Improvements shall be
completed, as set out in paraUraph (2) hereof, shall be extended
for a time equal to the time that Irvine is preclufta from carry-
ing on said improvements by strikes, acts or Cod, fire, unusual
delay in transportation, or by any cause or causes beyond Irvine'
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(7) It is further agreed that Irvine shall file with
the City O, bond in the amount of not lees than ,214,749.00, the
purpose of which bond shall be to assure full and faithful per -
formance by Irvine of the work of construction of said improvemen
IN WITNi 39 {iii aREOV, The Irvine Company has hereunto
caused its corporate name and seal to be affixed by its proper
officers thereunto duly authorized by hesolution of its Boare, of
Directors, and the City of Newport Ue "ch hale, caused its corporate
name end seal to be affixed by its Mayor and City Clerk thereunto
duly authorized by zesolutlon of the City Council of the City of
Newport Beach, dusty and, regularly nasced and adopted at a meeting
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thereof held on the 02,s '4day of L" ;OFIY _, 1953.
THE IRVINE COMPANY
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By
CITY Or PrWMT W7ACH
Pay o
�j `�ieya
er
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STATE OF CALIFORNIA )
• COUNTY OF ORANGE ) SS
CITY OF NEWPORT BEACH )
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I, MARGERY SCHROUDER, City Clerk of the City of Newport
Beach, California, do hereby certify that according to the records
of the City of Newport Beach filed and maintained in my office,
the foregoing Resolution No. 4089 was duly and
regularly adopted, passed, and approved by the City Council of
the City of Newport Beach, California, at a regular meeting of said
City Council held at the regular meeting place thereof, on the
25th day of May , 19 53, by the following
vote, to wit:
AYES, COUNCILMEN: Smith, Finch, Isbell, Bennett, Miller
NOES, COUNCILMEN: None
ABSENT, COUNCILMEN: None
Dated this 23d day of
September 1957.
city C er n d jUx-Utticio C er
of the City Council, City of
Newport Beach, State of California.
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'+MCA
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September 1957.
city C er n d jUx-Utticio C er
of the City Council, City of
Newport Beach, State of California.