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HomeMy WebLinkAbout7870 - C-1403 - Traffic Signal Installation• RESOLUTION NO. 7 87 0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ACCEPTING A TOPICS FUND ASSIGNMENT FROM THE COUNTY OF ORANGE FOR ITS SHARE OF THE TRAFFIC SIGNAL INSTAL- LATION AT PLACENTIA AVENUE AND SUPERIOR AVENUE, CONTRACT No. C -1403 WHEREAS, on November 22, 1971, the City Council authorized the execution of a cooperative agreement with the County of Orange to cover the County's share of the cost of installing a traffic signal at Placentia Avenue and Superior Avenue; and WHEREAS, said signal installation is one of three signals presently being installed using TOPICS funds; and WHEREAS, the Orange County Board of Supervisors have authorized the assignment of $20,700 more or less of County funds to the City of Newport Beach as the County's share of the cost of said installation, and the State Division of Highways requires that the City accept the assignment of said TOPICS funds by resolution; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that it hereby accepts the as- signment of TOPICS funds from the County of Orange in the approximate amount of $20,700, as the County's share of the cost of the traffic signal installation at Placentia Avenue and Superior Avenue. ADOPTED this 13th day of November , 1972. ATTEST: C ty Clerk ED AS TMC O IPlAL CITY CLERK OF THE CF OF N PORT BEACH DON dm 11/8/72