Laserfiche WebLink
RESOLUTION NO. 9509 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH AUTHORIZING THE MAYOR AND <br />CITY CLERK TO EXECUTE AN ESCROW AGREEMENT <br />BETWEEN THE CITY OF NEWPORT BEACH, ARMSTRONG <br />PETROLEUM CORPORATION, AND KERN COUNTY <br />REFINERY, INC., IN CONNECTION WITH THE PRICE <br />CONTROLS ON CITY OIL <br />WHEREAS, there has been presented to the City Council <br />of the City of Newport Beach a certain Escrow Agreement between <br />the City of Newport Beach, Armstrong Petroleum Corporation, and <br />Kern County Refinery, Inc., in connection with the price <br />controls on City oil; and <br />WHEREAS, the City Council has reviewed the terms and <br />conditions of said Escrow Agreement and finds them to be <br />satisfactory and that it would be in the best interest of the <br />City to authorize the Mayor and City Clerk to execute said <br />Agreement, <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Newport Beach that said Agreement above described <br />is approved, and the Mayor and City Clerk are hereby authorized <br />and directed to execute the same on behalf of the City of <br />Newport Beach, as well as any Escrow Instructions and amendments <br />thereto required in connection with said Escrow Agreement. <br />ADOPTED this 12th day of February , 1979. <br />�jt*� <br />Ma or <br />ATTEST: <br />City Clerk <br />ACTIFIED @,5 jTCOMIGIINAL <br />. _ ..._.._............... oa' Tw cw:vrvac EACH <br />ua JAN 14 1978 <br />DDO /kb <br />2/12/79 <br />