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HomeMy WebLinkAbout976 - 14 Cent Gas Tax ExpenditureRESOLUTION NO. WHEREAS, there has this day been presented to the City Council of the City ofrNewport Beach a certain Agreement for expenditure of 1/4 cent Gas Tax Funds upon streets of major importance other than State Highways, during the fiscal year ending June 30th, 1937, wherein the City of Newport Beach is referred to as the City, and the Department of Public Works of the State of California is referred to as the Department; and WHEREAS, said Agreement provides that in accordance with provisions of Section 194 and Section 195 of the Streets and Highways Code, the Department shall expend or cause to be expended within the cities of this State from the State Highway Fund an amount equal to the net revenue derived from 1/4 cent per gallon of tax on motor vehicle fuel upon streets of major importance other than State Highways, as are agreed upon by the Department and the Legislative Body of the City in the proportions that the total population of each city bears the total population of all cities in this State; and WHEREAS, said agreement further provides for the projects and estimated expenditures therefor, as in said agreement listed and set forth; and WHEREAS, said agreement further provides for the Donstruc- ton of said projects therein described; and t,HEREAS, the City Council of the City of Newport Beach deems that it is for the benefit and best interests of said City that said agreement be entered into. NOW, THEREFORE, BE IT RESOLVED: That the Mayor and City Clerk of the City of Newport Beach be, and they are hereby authorized and instructed to execute said Agreement ommbbehalf of the City of Newport Beach, and that upon the execution of the same, that the City Clerk return the original and one copy thereof to the State. I hereby certify that the above and foregoing Resolution was duly and regula4 -y passed and adopted by the City Council of the City of Newport Beach at a regular meeting thereof held on the 3rd day of A ugu.st, 1936, by the following vote, to -wit: T T: y =C C erk NOES: COUNCILMEN ABSENT: COUNCILMEN __LVUa