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HomeMy WebLinkAbout7341 - University Drive North Development• • • RESOLUTION NO. 7 341 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH REQUESTING THE COUNTY OF ORANGE TO INCLUDE WITHIN THE ARTERIAL HIGHWAY FINANCING PROGRAM THE DEVELOPMENT OF UNIVERSITY DRIVE (NORTH) WHEREAS, the City of Newport Beach desires to improve University Drive (North) from Jamboree Road to MacArthur Boulevard; and WHEREAS, University Drive (North) is an important artery in the County of Orange and of general County interest; and WHEREAS, Article 2 and Article 3, Chapter 9, Division 2 of the Streets and Highways Code authorizes a County, if it so desires, to expend funds apportioned to it out of the California Highway Users Tax Fund for aid to any City in the improvement, construction or repair of a street within a City; and WHEREAS, the Board of Supervisors intends to, by appropriate action, provide in the County budget of the Special Road Improvement Fund for the Fiscal Year 1971 -1972 a sum of money for the improvement of streets within the incorporated cities of the County in accordance with the Orange County Arterial Highway Financing Program; NOW, THEREFORE, BE IT RESOLVED that the Council of the City of Newport Beach hereby requests the Board of Supervisors of the County of Orange to allocate to said City from County funds the amount of $100,000, said amount to be matched by funds from said City, to be used to aid said City in the improvement of University Drive (North) from Jamboree Road to MacArthur -1- 1 • • Boulevard, and for the acquisition of necessary rights of way; said improvements and acquisition of rights of way to be in accordance with the attached project statement; BE IT FURTHER RESOLVED that the Board of Supervisors of the County of Orange is hereby requested to find that said work and acquisition of rights of way on University Drive (North) in the manner provided, is in the general County interest; BE IT FURTHER RESOLVED that, by this Resolution, the City of Newport Beach agrees with the basic concepts of the Arterial Highway Financing Program; and further agrees that its share of the cost of improvements and rights of way will be available for the fiscal year 1971 -1972. ADOPTED this 21st day of December, 1970. ATTEST: City Clerk O� I "'��, ...................... ... CITY CLERH OF THE CITY OF NEW MAC�9 DEC 2 8 iy(0 Mayor -2- THS:adw 12/17/70