HomeMy WebLinkAbout7034 - Tract 6996 ImprovementsRESOLUTION N0. `SOS 4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF
AN AGREEMENT WITH IDH, A JOINT VENTURE, GEORGE
AND WILLIAM HOLSTEIN CO.,.INC., AND IDS
MORTGAGE DEVELOPMENT CORPORATION, SUBDIVIDER,
FOR THE CONSTRUCTION OF IMPROVEMENTS IN TRACT
NO. 6996
WHEREAS, there has been presented to the City Council
of the City of Newport Beach an agreement in which IDH, a joint
venture, George and William Holstein Co., Inc., and IDS Mortgage
Development Corporation, subdivider of Tract No. 6996, agrees to
construct street and other public improvements necessary to serve
said subdivision; 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 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
security is approved by the City Manager as to sufficiency and
the City Attorney as to form.
ADOPTED this 14th day of July, 1969.
mayor
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