HomeMy WebLinkAbout1094 - Security to Guarantee ImprovementsORDINANCE NO. 1094
AN ORDINANCE OF THE CITY OF
NEWPORT BEACH AMENDING SEC-
TION 9253.52 OF THE NEWPORT
PFArH MUNICIPAL CODE RELAT-
ING TO SECURITY TO GUARANTEE
IMPROVEMENTS
STATE OF CALIFORNIA
The City Council the City of New-
port Desch does ordain as follows:
SECTION ,. Section 25 of the
SS.
Newport Beach Municipal Code tle i s amend -
amend-
COUNTY OF ORANGE
ed to read:
"SECTION
" 2. The subdivider
sent
shall also present with the aforesaid
agreement, assure his full and faith-
and faith-
ful
ful performance thereof, (a) security
a
to an amount deemed sufficient
the City Council, not less than 50 SO
Percent nor more than 100 o ^sent
improvements the total estd cost of said
I William SVio 9ehmidt bein first
.....-
9
th
conditioned Upon the faithful
• ioned and their inspect rm_
........................ ---.........._.. ....- ....-----...............-- ------- ......,
contract,
and Of the d9.'Cement Or cenlraCl,
and (b) an aciditlonal amount d0ar
duly sworn and on oath, depose and say that I am
mined by the City Council, not less
than 50 Percent nor more than 100
v.st of
theCeimprovement, total securing payment
the Advert is in Ma na. er of the
to the contractor, his subcontractor
.................................. ............... ................ ........................
W
fur persons renting equipment or
furnishing labor or materials to them
for the improvement. The security
Newport Harbor News Press -DAILY PILOT, a news -
may be in any one of the following
forms:
(1) A surety bond executed by a
surely company authorized to transact
paper of general circulation in the City of Newport
a surety business in the State of Cali-
fornia which must be satisfactory
to and approved by the City Attorney
as to form and tha City Manager as
Beach, County of Orange, State of California, and
to sufficiency; Or,
(2) Cash money deposited with the
Director of Finance; or.
(3) With the
that Cal ysr Ordinance Number 1094
approval of the kinY
Council, negotiable bontls Of the
......... 2 .............................................................................. ...............................
approved for securing pub,
pub -
money with the Director
with the i
of ; orsitetl
of Finance; or.
( <) With the approval of the City
Council, an irrevocable fetter of cre-
dit C a banking Institution whereby
whereby
the City Newport Beach is au-
of which the copy printed hereon is a true and com-
thorized draw on said bank, sight,
for account Of the id Up
n ggia t w;jjldeq
to an aId's than ache which shall
not than the security it[ad
plate copy, was printed and published in the regu-
a City
by the City Ccuncil, to cover 1St cost
,
of the Improvements and their In-
spection, at one time or from time
to time. until
id f Issue said lar (s) o newspaper on
all obligations ut the
subdivider under the contract and any
. -------------------------------
amendment or extension thereof have
been fully Performed."
AuSust 17 196
SECTION 2. This ordinance shall be
Published City, in the official newspaper
the C
.............. ............................... .........
- - - - -- �- - r - - --
r t�!
�L
of 0 and the Same shall be
effecllve 30 days after the date of its
'/'.
adoption.
-/ -/Y
_........_.._`...._.._._ ..................:..................._..._. ..........................._.._
This ordinance was introduced at a
regular meeting of the City Council of
the Ctty of Newport Beach held on the
Subscribed and sworn to before me this
27th day of July, 196d, and was adopted
....._.7.th ..........
on the 10th day of August, 1964, by the
following vote, 10 wit:
_ AYES, COUNCILMEN: Stoddard,
day of 9.. 196._?
Gruber, Elder, Marshall
.............. _ ......_..........................................1 ......
No ES,
NOES, COUNCILMEN: None
ABSENT COUNCILMEN: Conk aIM
Parsons.
. 7- i..'L..../
\..�.......-
PAUL J. GRUBER
....... ..... ........ .............. .- ... -.....
ATTEST:
Nofary P I in and for the County
yR Clerk SCHROUDER
Of Ora ge, fate of California
Published Newport Harbor News- Press,
i
Newport Beach, Calif., August 17, 1964
lffi 6
JOSEPH E. DAVIS
My Commission expires .Mv..cammS�tgR.Fxaue :bwa.u,aa
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
the foregoing qi t-V Ordinance
.............. ............................. ...............................
No. . ] og4..... 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 ... P1t4 ..... day, of ..................A4RR t........................ 19 .�4..
by the following vote:
AYES: COUNCILMEN St ®ddard' Forg,it, Grub�rs1d�r, Ntashall
.................
................................................................. .................... ...........
NOES: COUNCILMEN None
ABSENT: COUNCILMEN C ®ok etid �$rStDt15
.......................................... ...............................
Dated this ...2`Sth . day of ..............PAP99 -AlMK 6�
�� -rte
City Gtgrk of IV City of Newport Beach, State of California