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HomeMy WebLinkAbout5484 - Baycrest Development Agreement10/ §/61 (12) 1 RESOLUTION NO. 5484 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AN 3 AGREEMENT WITH BAYCREST DEVELOPMENT CO., SUB- DIVIDER, FOR THE CONSTRUCTION OF IMPROVEMENTS 4 IN TRACT NO. 3764 5 6 WHEREAS, there has been presented to the City Council of 7 the City of Newport Beach an agreement in which Baycrest Developmen g Co., a copartnership, subdivider of Tract No. 3764, agrees to con - 9 struct street and other public improvements necessary to serve said 10 subdivision; and 11 WHEREAS, subdivider has furnished security to assure the 12 faithful performance under said agreement in accordance with the 13 Newport Beach Municipal Code; and 14 WHEREAS, the City Council has reviewed said agreement and 15 found the same to be fair and equitable and in accordance with the 16 provisions of the Code; 17 NOW, THEREFORE, BE IT RESOLVED that the Mayor and City 18 Clerk be and are hereby authorized and directed to execute the 19 same on behalf of the City of Newport Beach at such time as said 20 security is approved by the City Manager as to sufficiency and the 21 City Attorney as to form. 22 ADOPTED this 9th day of October, 1961. 23 MAY_�,c,/ 24 Mayor Pro Tem 25 ATTEST: i 26 Deputy (Aty C r 27 _ . 28 29 l 30 31 32 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) 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 Noe 5484 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 9th day of October 1961 by the following vote, to wit: AYES, COUNCILMEN: Kingsley, Atkinson, Cook, Hart. Lorenz, Somers NOES, COUNCILMEN: ABSENT, COUNCILMEN: Stoddard Dated this 10th day of October , 1961 MARGERY SCHROUDER City Cle r an d Lx-Officio Clerk oT t e City Council, City of Newport Beach, =_ State of California. By It De+ ty City Clerk