HomeMy WebLinkAbout7617 - Tract 7694 ImprovementsRESOLUTION NO. 7 6 ,V Y
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF
AN AGREEMENT WITH THE NEWPORT PROJECT, A JOINT
VENTURE COMPRISED OF EMKAY DEVELOPMENT COMPANY$
INC.r AND ATLAS REALTY COMPANY, SUBDIVIDER, FOR
THE CONSTRUCTION OF IMPROVEMENTS IN TRACT NO.
7694
WHEREAS, there has been presented to the City Council
of the City of Newport Beach, an agreement in which The Newport
Project, a Joint Venture comprised of Emkay Development Company,
Inc., and Atlas Realty Company, subdivider of Tract No. 7694,
agrees to construct street and other 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 14th day of February, 1972.
Mayor
ATTEST-
•
City Clerk
=C IED AS THE O NAL
CITY CLERK OF THE CITY OF W W ORT 65ACH
FtB 16 1972
PAM -- - -.-••
DON:mh
2/10/72
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