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HomeMy WebLinkAbout9796 - Storage Capacity AgreementC; RESOLUTION NO. 9796 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A STORAGE CAPACITY AGREE- MENT AND ADDENDUM AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE IRVINE COMPANY IN CONNEC- TION WITH THE SAN JOAQUIN RESERVOIR WHEREAS, there has been presented to the City Council of the City of Newport Beach a certain Storage Capacity Agree- ment and Addendum Agreement between the City of Newport Beach and The Irvine Company in connection with the San Joaquin ® Reservoir; and WHEREAS, the City Council has reviewed the terms and conditions of said Storage Capacity Agreement and Addendum Agree- ment and finds them to be satisfactory and that it would be in the best interest of the City to execute said Storage Capacity Agreement and Addendum Agreement, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the Storage Capacity Agreement • and Addendum Agreement above described are 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 9th day of June , 1980. • Mayor TEn ATTEST: City Clerk kv PRUIFIED AS THE 6INAL 6/4/80 CITY CLERK OP-THE CITY OF H2WVCVT KA DAM JUN 1 1 1990