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HomeMy WebLinkAbout7396 - Resubdivision 289 ImprovementsRESOLUTION NO. 7396 A RESOLUTION OF THE CITY COUNCIL OF THE CITY • OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AN AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE IRVINE COMPANY, SUBDIVIDER, FOR THE CONSTRUCTION OF IMPROVEMENTS IN RESUBDIVISION NO. 289 WHEREAS, there has been presented to the City Council of the City of Newport Beach, an agreement in which The Irvine Company, subdivider of Resubdivision No. 289, agrees to construct street and other public improvements necessary to serve said resubdivision; 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 by the City Council of the City of Newport Beach that 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 22nd day of March, 1971. . ATTEST: Lr C:Lty Clerk <CEW IED AS TPE ORIGIKAL � OTY CSCRX CF Tt;C CITY OF A''EWP SACP0 25 1911 bAY1 Mayor