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HomeMy WebLinkAbout2642 - 1-4 Cent Gas TaxE 7) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 .n 27. 28 29 30 31 32= RESOLUTION NO - � I/ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH APPROVING M1310RANDUM OF AGREEMENT FOR ACCUM- ULATION OF 1/4 CENT GAS TAX ALL- OCATED FOR STREETS OF MAJOR IMPORTANCE. WHEREAS, a memorandum of agreement has been presented to be entered into with the State of California for accumulation of t'. 1/4 cent gas tax for the fiscal year 1943 allocated for 14streets of major importance other than State highways in the City of Newport Beach; and WHEREAS, the City Council has heard read said agreement full and is familiar with the contents thereof; THEREFORE, be it resolved by the City Council of the City of Newport Beach that, under the provisions of Section 200 of the Streets and Highways Code, the 1/4 cent gas tax allocated for streets of major importance other than State highways'_be accumulate for future expenditure, and that said agreement be and the same is hereby approved, and the Mayor and the City Clerk are directed to sign the same on behalf of said City, said agreement to be binding upon the City upon its execution by the authorized officials of the State. ADOPTED this 20th day of July, 1942. Mayor of e City of Newp t Beach AT ST: Ci Clerk of the City of Newport Beach I HEREBY CERTIFY that the foregoing resolution was duly regularly passed by the City Council of the City of Newport Beach _at a regular adjourned meeting thereeldy 20th, 1942. _10�erk of the City of Newport Beach