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HomeMy WebLinkAbout4685 - Tract 3145 Improvements1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 251 26 27 28 29 30 31 16114 l 11 RE90LUTION NO. wMW # Omm has been presented to the city Coun*U of the e of NOWPOrt Beach an agreement _:, ;A ♦ an her r "J I •IiYSje r bee. r '.•, =.x •. il ayli � :. ✓fY S.:'sf ae•AY r:r .>«• .Rr :? A � 'wx1'.:.. tiE, 4f' has submitted to the City of Newport Beech said 'board in the of $50,000.003 between Newport i.v9 Inftstrial Enterprises Newport ..4 j Y J and the tr -. : pmr, and Clerk am herebv mithorized, and sme for and on behalf of the City of Newport The above and foregoing resolution was deny and F *Y a.i Br 7 r rr ¢ r ♦ iiii '13 cY 1 r' ♦ • r Alta 1957, by the folloWlAg vote, to ml,t: R' yyk.;y "I"; Y SCHROUDER a City ABSHPP DORA O. HILL ..o... Jv 0 11 2 3 4 5 A- 7 S 9 10 11 12' 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 THIS AGRE UMT, made and entered into this �.j/ 19570 by and between NWORT BALBOA INDUSTRIAL TNTERMSESt a eo- pirtnership.composed of Professional Investment Corporation and Henneth'W* Xons hereinafter' referred to as "Developer "s and the City! of $export Beseho.a municipal corporation, organized and existing under and V vIrtne of the laws of the State of California, hereinafter referred to as roityetl 6DMHASs Developer is propdsing to develop a"subdivision within the City of Newport Beach, to be.known as Tract No. 3145 and' HHERHASO'Developer proposes to: "oonstract the following described, impiovemsats in said subdivision, to 4 is 'grading, street lighting systs*p Installation of streets, curbs, gutters, sidewalks, enter mains sewer mains, apPurtensaftaP street trees, and a4 other improvements shown on the impravamant plaits for said subdivision heretofore approved by the City iCff&RSASi the provisions of Section 9253.51 of the"tbanicipal Code of the-City of "Nevpor6 Beach provide for an agreement to contain certain provisions as'hersinafter set outs MW,'THERM?CRHt in consideration of their mutual premises, as hereinafter set forth, the parties hereto do agree as follows$ 1. The real property covered by this agreement is described as Trash 3i45t In, the'City of Newport Beach, County of Orange, State of Califtrala. 2. Developer agrees to complete all improvement work shown on the final map of said tracts including water lines, sewers, grading, street light- ing system, installation of streets, curbs, gutters, sidewalks, appurtenances, street trees, and any other improvements shown on the inprovmaat plans of said subdivisions within a period of 12 months from the date hereof. 3. Said improvements shall be completed to tho satisfaction of the City Engineer of the City of Newport Beach. 4. If Developer shall fail to complete said improvemomU within the period set out above, the City may complete the same and recover the full cost and "expense thereof from Developer or the surety for Developer as said 1 1 2 3 4 5 6 7 8 9 10 111 121 131 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 3C 31 3f 71 mnWa is provided for in Section 9253.52 of the Nmnioipal Code of the City of Newport Beath, or both. 5. All of said improvement work shall be subject to the inspeeticn by the City Zngineer of the City of Newport Beach and all costs to the Qity of such inspection work shall be borne.by Developer. 6. The time within which said improesment shall be eomplatedv as set out in paragraph 2 hereof$ shall be extended for a time equal to the time that Developer is.preclvded. from carrying on said Improvements by strikest acts of Qed,.fire,:unasual delay in transportations or by any cause or oausee'beyond Developer's control. 7o It is further agreed that Developer shall file with the City, a bond in the amount of not less than $500000.00 the purpose of which bond aball be to swore full and faithful performance by Developer of the work of construction of said improvements.. IN w1TNE38 MZRSOF, NSWFOW BUM INDUSTRIAL BgTE&P SES has caused its name to be signedp and the City of Newport Beach has esnsed fin eorporato name and seal to be affixed by its Mayor and City Clerk thereunto duly authorised by resolution of the City Council of the City of Newport Beach, duly and regularly passed and adopted at a meeting thereof held the a of , 1957. 1 NZWVORT BAIWA INDUSMM MTRPRISRS A Co- Partnership By Professional Investment Corps A pares By President Partner YY' el. dKtt4�,ly FORA O. HILL B9 mayor MARGERY SCHROUDER City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF NEWPORT BEACH ) I, MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and maintained in my office, the foregoing Resolution No. 4685 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport Beach, California, at a regular meeting of said City Council held at the regular meeting place thereof, on the 12th day of August , 1957, by the following vote, to wit: AYES, COUNCILMEN: Hart, Wilder, MacKay, Stoddard., Higbie, Ridderhof, Hill NOES, COUNCILMEN: None ABSENT, COUNCILMEN: None Dated this 13th day of August , 1957. I� City Clerit an4 Ex -Ott cio Clerk of the City Council, City of Newport Beach, State of California.