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HomeMy WebLinkAbout8727 - Tract 8917 - Mai Kai ApartmentsL • • • RESOLUTION NO. 8727 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE IRVINE COMPANY IN CONNECTION WITH THE CONVERSION OF THE MAI KAI APARTMENTS TO CONDOMINIUMS (TRACT NO. 8917) WHEREAS, there has been presented to the City Council of the City of Newport Beach a certain agreement between the City of Newport Beach and The Irvine Company in connection with the conversion of the Mai Kai Apartments to Condominiums; and WHEREAS, the City Council has considered the terms and conditions of said agreement and found them to be fair and equitable, and in the best interests of the City; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that said agreement above described is approved, and the Mayor and City Clerk are hereby authorized and directed to execute the same on behalf of the City of Newport Beach. ADOPTED this 22nd day of March ATTEST: r ACityClerk CERT D AS THE 021GINAI � .. ... ... ....... .............. ...... - CITY CIERX OF .. . THE C NEWPORT Il ... 1976. DDO /bc 3/18/76