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HomeMy WebLinkAbout6167 - Eastbluff Park ImprovementIs 677765 (12) Ili RESCLUTION NO. 6167 21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF KZWPORT BEACH AUTHORIZING THE E.tECUTION OF A 3 REIY-BURSE1,1ENT AGREEVENT WITH THE BLUFFS FOR THE 4 WROVM -1E TT OF MSTBLUFF P&M 5 WHEREAS, the City of Newport Beach is the owner of a park 6 site in the Eastbluff area of the City where the need exists for a 7 public park; and 8 WHEREAS, The Bluffs, the developer of a planned residen- 9 tial community in the area surrounding said park site, has offered 10 to loan the City sufficient funds to pay for the improvement of 11 said park site as a public park and the City is willing to reimburse 12 said developer from the tax revenues accumulated in a special capita] 13 outlay fund pursuant to Chapter 8 of Article VI of the Newport Beach 14 Municipal Code; and 15 WHEREAS, there has been presented to the City Council a 16 reimbursement agreement between the City and The Bluffs providing 17 for the improvement of said public park and payment therefor as 18 hereinabove mentioned; and 19 WHEREAS, the City Council has considered the terms and 20 conditions of said agreement and found them to be reasonable and 21 equitable; 22 NOW, THEREFORE, BE IT RESOLVED that said reimbursement 23 agreement be approved and the Mayor and City Clerk are hereby 24 authorized and directed to execute the same on behalf of the City 25 of Newport Beach. 26 ADOPTED this i'l day of , 1965. 27 28 tT�-- ®--- IV Mayor 29 ATTEST: 30 31 City Clerrt 32 0 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 No. 6167 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport adjourned Beach, California, at a regular /meeting of said City Council held at the regular meeting place thereof, on the 17th day of 19 65 , by the following vote, to wit: June , AYES, COUNCILMEN: Stoddard, Forgit, Cook, Gruber, Elder, Marshall, Parsons NOES, COUNCILMEN: None ABSENT, COUNCILMEN:None Dated this 7th day of July 1965 City Clerk an Ex- Officio Clerk of 'the City Council, City of Newport Beach, State of California.