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HomeMy WebLinkAbout5558 - Tract 4400 Improvements2/ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17. 18 19 20 21 22 23 24 25 26 . 27 28 29 30 31 32 mec /62 (12) RESOLUTION NO. 5558 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH PACIFIC ELECTRIC RAILWAY COMPANY, SUBDIVIDER, FOR THE CONSTRUCTION OF IMPROVEMENTS IN TRACT NO. 4400 WHEREAS, there has been presented to the City Council of the City of Newport Beach an agreement in which Pacific Electric Railway Company, subdivider of Tract No. 4400, agrees to construct street and other public improvements necessary to serve said sub- division; and WHEREAS, subdivider has furnished security to assure the faithful performance under said agreement in accordance with the Newport Beach Municipal Code; and WHEREAS, the City Council has reviewed said agreement and found the same to be fair and equitable and in accordance with the provisions of the Code ;. NOW, THEREFORE, BE IT RESOLVED that said contract is approved upon condition that the Director of Public Works reviews and approves the improvement plans which are incorporated in said contract by reference, and that the Mayor and City Cleric be and are hereby authorized and directed to execute the same upon such approval of said plans and at such time as said security is approved by the City Manager as to sufficiency and the City Att as to form. ADOPTED this 26th day ATTEST: City C er c February, ,A96 yor 110 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 5558 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 26th day of February , 19 62 , by the following vote, to wit: AYES, COUNCILMEN: Kiagsle (,, Atkinson Conk, S+ Anrd, Hart, Somer s NOES, COUNCILMEN: None ABSENT, COUNCILMEN: Lorenz Dated this 28th day of February , 19 62 e State of California. Newport Beach,