HomeMy WebLinkAbout5245 - Tract 3763 ImprovementsA
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RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH AUTHORIZING THE EXECUTION OF.AN
AGREEMENT BETWEEN BAYCREST DEVELOPMENT CO., A
JOINT VENTURE COMPOSED OF IVAN WELLS & SONS,
INC., BARGENE CO. INC.,.DELBAR LAND CO., INC.,
THE BAYCREST 6kilNii, A PARTNERSHIP, BAYSIDE
ASSOCIATES, INC., AND MASLO, INC., AND THE -CITY
OF NEWPORT BEACH FOR.THE'CONSTRUCTION -OF IMPROVE=
NENTS IN TRACT NO.. 3763
WHEREAS, there has been presented to the City Council of
the City of Newport Beach an agreement wherein Baycrest Development
Co., a joint venture composed of Ivan Wells & Sons, Inc., Bargene
Co.', Inc., Delbar Land Co., Inc., The Baycrest Company, a partner-
ship, Bayside Associates, Inc., and Maslo, Inc., subdivider of
Tract No. 3763, agrees to construct street and other public improve-
ments within and such as are necessary to serve said subdivision; a
WHEREAS, said agreement provides that Baycrest
Co. shall file with the City of Newport Beach a surety bond to
assure faithful performance of said agreement;
NOW, THEREFORE, BE IT RESOLVED that said agreement
between Baycrest Development Co. and the City of Newport Beach in
which Baycrest Development Co. agrees to construct the improvements
in Tract No. 3763 be approved and 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 Baycrest Development Co.
files with the City said surety bond and said bond is approved by
the City Manager as to sufficiency and the City Attorney as to form,
ADOPTED at an adjourned regular meeting this 6th day of
June, 1960.
ATTEST."
G ty er
JJ -
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF NEWPORT BEACH)
I, MARGERY
, 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. 5245 was duly and
regularly adopted, passed, and approved by the City Council f
the City of Newport Beach, California, at a regular /meeting of
said City Council held at the regular meeting place thereof, on
the 6th day of June 19 60 by the following
vote, to wit:
AYES, COUNCILMEN: Hart, Lorenz, Somers, Atkinson, Cook,
Stoddard
NOES, COUNCILMEN: None
ABSENT, COUNCILMEN: Kingsley
Dated this 13th day of June 19 60
M.a...►R.�,,, 5
City Clerk dnd� E4--b� ci�oi' the
City Council, City of Newport Beach,
/�_ State of California.