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HomeMy WebLinkAbout7343 - Apartment Project Development• • • RESOLUTION NO. 7 3 43 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF A PARKING AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH, THE IRVINE COMPANY AND PARK NEWPORT, LTD., IN CONNECTION WITH THE DEVELOPMENT OF AN APARTMENT PROJECT WHEREAS,there has been presented to the City Council of the City of Newport Beach a certain agreement between the City of Newport Beach, The Irvine Company and Park Newport, Ltd., to provide parking spaces required in connection with the development of an apartment project; and WHEREAS, the City Council has considered the terms and conditions of said parking agreement and found them to be fair and equitable; NOW, THEREFORE, BE IT RESOLVED that said parking agreement above described 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. ADOPTED this 21st day of December, 1970. ATTEST: City Clerk L IFIED Yi ®tI dl c7 CLM op $hog C {8V OF WgW6 YAPS 6EAggN 9a7e DEC 2 8 197G T (f.9 r-i� Mayor THS:adw 12/17/70