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HomeMy WebLinkAbout7155 - Tract 7028 Street & Public Improvements0 RESOLUTION NO. 7 15 5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AKAAGREEMENT.BETWEEN.THE CITY OF NEWPORT BEACH AND NEWPORT HILLS, INC., FOR THE CONSTRUCTION OF STREET AND OTHER PUBLIC IMPROVEMENTS IN CONNECTION WITH TRACT NO. 7028, MAC ARTHUR BOULEVARD ONLY . WHEREAS, there has been presented to the City Council of the City of Newport Beach, an agreement in which NEWPORT HILLS, INC, agrees to construct street and other public improvements necessary to serve Tract No. 7028, MacArthur Boulevard only; and WHEREAS, Newport Hills, Inc. 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 agreement for the construction of said improvements is approved, and the Mayor and City Clerk 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 9th day of March , 1970. ATTEST;:::_ City Cler - AN- IFIED AS THE OP. 1 1 OF THE CITY O EEWP EACH 'j'HS` a Lag 316/70 IMM