HomeMy WebLinkAboutC-1551 - Property development agreement0 m CITY OF NEWPORT BEACH
CALIFORNIA
City Hall
3300 W. Newport Blvd.
Area Code 714
673 -2110
DATE J"ly B + 1973
TO: FINANCE DIRECTOR
FROM: City Clerk
SUBJECT: Contract No. 4-1551
Description of Contract ftoW" Development Agreement
Authorized by Resolution No. 8010 , adopted on June 25, 1973
Effective date of Contract Jule 25, 1973
Contract with Carl C. Hillgren
Address c/o Gregmy R. f!arris, Attomey at LAW
Amount of Contract
4525 MacArthur Blvd.. hWDOrt Beach
�/ -city ftefl<
July 9, 1973
Mr. Gregory R. Harris
Attorney at Law
4525 MacArthur Boulevard
Newport Beach, CA 92660
Re: Agreement with Carl C. Hiligren
Enclosed is a fully executed copy of Mr. Hillgren'a agreement
with the City of Newport Beach relating to Modification No. 648
on property located at 3611 Ocean Boulevard, Corona del Mar.
This agreement was authorized by the City Council at its meeting
of June 25 by the adoption of Resolution No. 8011.
Laura Lagios, C. M. C.
City Clerk
dg
Encl.
C
MEMOBA EJM: From
18:: `. 10. 73
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RE: Agreement. with Carl C. Hillgren
Laura:
Enclosed are the original and one copy of the above- referenced
agreement that have been signed by Mr. Hillgren. After execution
by the Mayor and yourself, please forward one copy to -Mr.
Gregory R. Harris, Attorney`at Law, 4525 MacArthur Boulevard,
Newport °Beach.
PAPW ranted p
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Dennis
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A G R E E M E N T
THIS AGREEMENT is made and entered into this 25th
day of June, 1973, by and between the CITY OF NEWPORT BEACH,
a municipal corporation, hereinafter referred to as "CITY,"
and CARL C. HILLGREN, hereinafter referred to as "OWNER."
W I T N E S S E T H•
WHEREAS, OWNER owns that certain real property more
particularly described as a portion of Lot 13 and 14,
Tract 1257, located at 3611 Ocean Boulevard, on the south
side of Ocean Boulevard between Orchid and Poinsettia Avenues
in Corona del Mar; and
WHEREAS, OWNER has made application to the CITY for
Modification No. 648 to allow a single family residence to be
constructed on said property with a zero front yard setback; and
WHEREAS, the City Council is considering the possibility
of acquiring this property to be used as a park and view site; and
WHEREAS, additional time is necessary so that possible
sources of revenue which may be used for this proposed acquisi-
tion can be explored and examined by the City Council; and
WHEREAS, it is the desire of the City Council that the
OWNER's right to develop said property not be prejudiced during
its review of sources of revenue to purchase the property.
NOW, THEREFORE, IN CONSIDERATION of the foregoing, it
is agreed by and between the parties hereto as follows:
1. That Modification No. 648 is approved and shall
be effective on the date this Agreement is executed.
2. That the OWNER agrees that no physical development
shall be undertaken on the subject property prior to July 31,
1973, and that in the event the property is ultimately con-
demned or purchased by the CITY, the OWNER shall not hold CITY
-1-
responsible for the payment of any costs incurred between
June 25, 1973 and July 31, 1973.
IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the day and year first above written.
CITY OF NEWPORT BEACH,
a municipal corporation
'a y
?� ,r
G CFIG OF/ p�1P
Mayor
ATTEST:
it
clerk
Carl C. Hillgren
APPRO AS TO FORM:
City Attorne
-2-
DON dm
6/25/73
CITY
RESOLUTION NO. 8 O 11
A RESOLUTION OF
CITY OF NEWPORT
EXECUTION OF AN
CITY OF NEWPORT
RELATING TO THE
NO. 648
0
THE CITY COUNCIL OF THE
BEACH AUTHORIZING THE
AGREEMENT BETWEEN THE
BEACH AND CARL C. HILLGREN
APPROVAL OF MODIFICATION
WHEREAS, there has been presented to the City Council
of the City of Newport Beach a certain agreement between the
City of Newport Beach and Carl C. Hillgren relating to the ap-
proval of Modification No. 648; and
WHEREAS, the City Council has considered the terms
and conditions of said agreement and found them to be fair
and equitable;
NOW, THEREFORE, BE IT RESOLVED that said agreement
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 25th day of June , 1973.
Mayor
ATTEST:
City Clerk
dm
6/25/73