HomeMy WebLinkAbout4685 - Tract 3145 Improvements1
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RE90LUTION NO.
wMW # Omm has been presented to the city Coun*U
of the e of NOWPOrt Beach an agreement _:, ;A ♦ an her
r
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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
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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
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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.