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HomeMy WebLinkAbout8490 - Rhine Wharf Park & Inspiration Point PropertiesRESOLUTION NO. 8490 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH REQUESTING THE COUNTY OF ORANGE TO EXTEND THE TIME IN WHICH REVENUE SHARING FUNDS SHALL BE DISBURSED OR ENCUMBERED FOR THE CONSTRUCTION OF THE RHINE WHARF PARK • AND ACQUISITION OF INSPIRATION POINT PROPERTIES WHEREAS, the City of Newport Beach and the County of Orange have entered into certain agreements executed the 24th day of September, 1974 and April 8, 1975 respectively, for the use of revenue sharing funds for the development of the Rhine Wharf Park and the acquisition of two lots located in Corona Del Mar commonly referred to as the Inspiration Point Properties; and WHEREAS, said agreements provide that the funds there- under must be disbursed or encumbered on or before July 1, 1975; and WHEREAS, the development of the plans and specifications for the Rhine Wharf project and the obtaining of the necessary permits have been delayed and due to the delay caused by a review of possible prescriptive rights in connection with the Inspiration Point Properties, it will be impossible to have the funds committed and encumbered by July 1, 1975; and WHEREAS, it is undesirable to cause the improvement of the Rhine Wharf Park during the summer months because of the substantial influx of persons in the subject area; and WHEREAS, there is legislation currently pending in Sacramento which we provide matching funds for the purchase of the Inspiration Point Properties; and WHEREAS, the City of Newport Beach is desirous of complet- ing Rhine Wharf Park as originally proposed and acquiring the two • Inspiration Point Properties. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the City of Newport Beach does hereby request the County of Orange to extend the time for disbursing or encumbering the revenue sharing funds for the construction and a � improvement of the Rhine Wharf Park and for the acquisition of the Inspiration Point Properties from July 1, 1975 to January 1, 1976. BE IT FURTHER RESOLVED that the City Clerk of the City of Newport Beach shall transmit this Resolution to the Board of Supervisors for the County of Orange for their consideration. ADOPTED this 12:t day of May , 1975. ATTEST: Cif y Clerk DAYS MAY..._I..4­1975 ........._.......: _. _. HRC:yz 5/6/75 IfIrD AS �', - GINA4 CrTY CLERK OF THE CITY OF PORT BEACH DAYS MAY..._I..4­1975 ........._.......: _. _. HRC:yz 5/6/75