HomeMy WebLinkAbout9292 - Traffic Signal at Coast Highway & Irvine Te•
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RESOLUTION NO. 9292
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE A COOPERATIVE FINANCING
AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH
AND THE STATE OF CALIFORNIA FOR INSTALLATION
OF A TRAFFIC SIGNAL AT COAST HIGHWAY AND IRVINE
TERRACE
WHEREAS, there has been presented to the City Council
of the City of Newport Beach a certain Cooperative Financing
Agreement between the City of Newport Beach and the State
of California for installation of a traffic signal at Coast
Highway and Irvine Terrace; and
WHEREAS, the City Council has reviewed the terms and
conditions of said Cooperative Financing Agreement and finds
them to be satisfactory and that it would be in the best interest
of the City to authorize the Mayor and City Clerk to execute
said agreement;
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Newport Beach that said agreement above described
is approved, and the Mayor and City Clerk are hereby authorized
and directed to execute the same on behalf of the City of
Newport Beach.
ADOPTED this 13th day of
ATTEST:
ity Clerk
CERTIFIED AS ORIGINAL
MY CLERK Of THE CITT OF NCWK&T BMCW
OAT&
MAR b 5 1978
March
1978.
DDO /bc
3/9/78