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RESOLUTION NO. 696p
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE EXECUTION
OF AN AGREEMENT WITH NEWPORT HILLS, INC.,
SUBDIVIDER, AND THE IRVINE COMPANY, GUARANTOR,
FOR THE CONSTRUCTION OF MAC ARTHUR BOULEVARD
AS SHOWN ON THE MAP OF TRACT 6565
WHEREAS, the City Council of the City of Newport Beach
on May 12, 1969, approved final map of Tract 6565 and rejected
dedication of MacArthur Boulevard as offered on said map; and
WHEREAS, there has been presented to the City Council
of the City of Newport Beach an agreement in which Newport Hills,
Inc., subdivider of a portion of Tract 6565, and The Irvine
Company, as guarantor to said agreement, agrees to construct
certain street and other public improvements in Tract 6565, known
as MacArthur Boulevard, at some future date; and
WHEREAS, said MacArthur Boulevard is necessary to serve
said subdivision at a future date but construction of such improve-
ments is unnecessary at the present time; and
WHEREAS, the City Council agrees with subdivider that
said improvements may be completed within a period of ten (10)
years from the date hereof; 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 Newport Beach Municipal Code;
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City
Clerk be and are hereby authorized and directed to execute the
same on behalf of the City of Newport Beach at such time as said
agreement is approved by the City Manager as to sufficiency and
the City Attorney as to form.
ADOPTED this 26th day of May, 1969.
ATTEST: Mayor
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City C t �
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