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RESOLUTION NO. 8688 <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF NEWPORT BEACH AUTHORIZING THE <br />MAYOR AND CITY CLERK TO EXECUTE AN OFF- <br />SITE PARKING AGREEMENT BETWEEN THE CITY <br />OF NEWPORT BEACH, LARRY SMITH, ONLY, INC., <br />AND ALI RABBANI IN CONNECTION WITH THE <br />ESTABLISHMENT OF A RESTAURANT FACILITY <br />LOCATED AT 1100 WEST COAST HIGHWAY <br />WHEREAS, there has been presented to the City Council <br />of the City of Newport Beach a certain off -site parking agree- <br />ment between the City of Newport Beach and Larry Smith, Only, Inc., <br />and Ali Rabbani in connection with the establishment of a <br />restaurant facility located at 1100 West Coast Highway. <br />WHEREAS, the City Council has considered the terms <br />and conditions of said off -site parking agreement and found <br />them to be fair and equitable, and in the best interests of the <br />City; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council <br />of the City of Newport Beach that said off -site parking agreement <br />above described is approved, and the Mayor and City Clerk are <br />hereby authorized and directed to execute the same on behalf <br />of the City of Newport Beach. <br />ADOPTED this 26th day of January, 1976. <br />ATTEST: <br />• C" ity Clerk <br />• <br />CE 4 IED AS THE ORIGINAL <br />r <br />CITY CLERK OF THE T Oi hcWP T BEACH <br />OAT& <br />HRC:yz <br />1/20/76 <br />