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HomeMy WebLinkAbout9723 - Limiting Annual Assessment IncreasesI .I , RESOLUTION NO. 9723 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY CLERK TO CONSENT TO AN AMENDMENT TO THE DECLARATION OF COVENANTS, CONDITIONS AND' RESTRICTIONS FOR TRACT NO. 5463 AND TRACT NO. 5480 IN THE BLUFFS LIMITING THE INCREASES IN THE ANNUAL ASSESSMENTS WHEREAS, on March 9, 1964, the City Council of the City of Newport Beach adopted Resolution No. 5925 which authorized the execution of the Declaration of Covenants, Conditions and Restrictions for Tract No. 5463 and Tract No. 5480, The Bluffs Homeowners' Community Association; and WHEREAS, said Declaration of Covenants, Conditions and Restrictions requires City Council approval of amendments thereto; and WHEREAS, on March 26, 1979, the City Council con- sidered an amendment to the Declaration of Covenants, Condi- tions and Restrictions for The Bluffs as requested by The Bluffs Homeowners' Community Association, which consideration was continued at the request of The Bluffs Homeowners' Commu- nity Association; and WHEREAS, on March 22, 1979, the homeowners of The Bluffs Homeowners' Community Association voted favorably to amend Article II, Section 6, of the Association By -Laws regarding a limitation on increases in the annual assessments; and WHEREAS, on August 15, 1979, the Association Board ' of Directors voted to formally incorporate the amendment into the By -Laws; and • • WHEREAS, on October 17, 1979, the Board of Directors of The Bluffs Homeowners' Community Association voted to approve the modification of the By -Laws and to change the Minutes of the Board of Directors to reflect the revision of the By -Laws; and WHEREAS, it is.necessary that the City,Council of the City of Newport Beach consent to a revision of the Declaration of Covenants, Conditions and Restrictions; and WHEREAS, by a letter dated January 23, 1980, the president of the Association Board of Directors requested that the City Council consent to the revision of the Decla- ration of Covenants, Conditions and Restrictions for The Bluffs.Homeowners' Community Association; and WHEREAS, the City Council finds and determines that said amendment to the Declaration of Covenants, Condi- tions and Restrictions is fair and reasonable and in the interest of the City and Bluffs Homeowners' Community Asso- ciation, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that it hereby consents to the proposed change to the Declaration of Covenants, Conditions and Restrictions on Tract No. 5463 and Tract No. 5480 of The Bluffs Homeowners'. Community Association. BE IT FURTHER RESOLVED that the Mayor and City Clerk are hereby authorized and directed to execute all documents necessary to further the amendment to the Declaration of Covenants, Conditions and Restrictions of The Bluffs Homeowners' -2- Community Association, Tract No. 5463 and Tract No. 5480. ADOPTED this 11th day of February , 1980. -0 ATTEST: -City Clerk T [FIED AS j ORIGINAL ......- ----- .. .............. .......... . ... .... CITY CLEM OF THE CITY OF NFY/Q08T n DAM 10 Mayor -3- HRC /kv 2/11/80