HomeMy WebLinkAbout8193 - Tract 8406 ImprovementsRESOLUTION NO. 8193
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE EXECUTION
OF AN AGREEMENT WITH TROY INVESTMENT FUND, A
CALIFORNIA LIMITED PARTNERSHIP, AND CONTINENTAL
NORTH CORPORATION, SUBDIVIDER, FOR THE
CONSTRUCTION OF IMPROVEMENTS IN TRACT NO. 8406
• WHEREAS, there has been presented to the City Council
of the City of Newport Beach, an agreement in which Troy
Investment Fund, A California Limited Partnership, and Conti-
nental North Corporation, Subdivider of Tract No. 8406, 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 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 11th day of February, 1974.
ATTEST:
• ty Clerk
FIED AS TH O? AL
.. akL!,1 ........
........... -' .. ..
CITY CLERK OF THE CITY OF NEW RT BEACH
FEB 15 1974 mh
DATE. r..._____.__-... — ----- 2/6/74