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RESOLUTION NO. 8357
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF
AN AGREEMENT WITH JOHN D. LUSK DBA SPYGLASS
HILL, SUBDIVIDER, GUARANTEEING COMPLETION OF
THE REMAINING PUBLIC IMPROVEMENTS REQUIRED
WITH THE DEVELOPMENT OF SPYGLASS HILL,
TRACT NO. 7386
WHEREAS, there has been presented to the City Council
of the City of Newport Beach, an agreement in which JOHN D. LUSK
dba SPYGLASS HILL, subdivider of Tract No. 7386, agrees to guarantee
completion of the remaining 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 30th
ATTEST:
Ci y Clerk
CE I D AS Tk E ORf L a
.� .............:.. ._
CRY CLERK OF THE CITY OF HEW T BEACH
DATF. Sri �. _1971
day of September , 1974.
r Pro Te ore
DDO/bc
9/25/74