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HomeMy WebLinkAbout5477 - Clifftop Development Contracts 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 1 (12) RESOLUTION NO. 5477 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH RESCINDING A CONTRACT WITH CLIFFTOP DEVELOPMENT COMPANY AND AUTHORIZING THE EXECUTION OF A NEW CONTRACT WHEREAS, Clifftop Development Company, a limited partner- ship, and the City of Newport Beach entered into a contract dated March 27, 1961, which was executed by the City pursuant to the authorization of Resolution No. 5389 of the City Council; and WHEREAS, Clifftop Development Company has requested that that contract be rescinded and the City become a party to a contra in which The Sturtevant Corporation, Ivan Wells & Sons, Inc., South Coast Construction Co., Upper Bay Development Co., Inc., and the City of Newport Beach are all parties and in which The Irvine Company acts as stakeholder for the construction of a storm drain required by said contract; and WHEREAS, the City Council has reviewed the terms of said proposed contract and determined that the cost to the City is the same as under the existing contract between the City of Newport Beach and Clifftop Development Company; and WHEREAS, it is mutually convenient to rescind the contrac with Clifftop and execute the proposed agreement with the other 22 11 parties; 23 24 25 26 27 28 29 30 31 32 NOW, THEREFORE, BE IT RESOLVED that the City of Newport Beach hereby accepts the offer of Clifftop Development Company to rescind said contract dated March 27, 1961, and authorizes and directs the Mayor and City Clerk to execute said proposed contract on behalf of the City of Newport Beach. ADOPTED this 25th day of Septembe , ATTEST: or ctycer STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF NEWPORT BEACH) 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 Noe 5477 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 September. , 1961 by the following vote, to wit: AYES, COUNCILMEN NOES, COUNCILMEN: ABSENT, COUNCILMEN Kingsley, Atkinson, Cook, Stoddard, Hart, Lorenz, Somers None Dated this 26th day of ^ September , 19 61 ate ------ _ G"ity er c an x- tt c o Clerk of the _ City Council, C ty of Newport Beach, State of California. 8