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RESOLUTION NO. 2005 - Z <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />NEWPORT BEACH ENDORSING APPLICATION FOR AN <br />URBAN STREAMS RESTORATION GRANT AND <br />DETERMINING APPROPRIATE ENVIRONMENTAL <br />IMPACT DOCUMENT, CONDITIONALLY ACCEPTING <br />GRANT IF OFFERED, AND DESIGNATING PROJECT <br />MANAGER AND FISCAL AGENT <br />WHEREAS, the City of Newport Beach intends to design, permit, and <br />construct the Buck Gully Detention Basin and Buck Gully Stabilization Project; and <br />WHEREAS, the California Department of Water Resources, Division of <br />Planning and Local Assistance, Urban Streams Restoration Program has announced the <br />availability of funds for grants; and <br />WHEREAS, said grants are intended to help solve flooding and erosion <br />problems in a way that provides environmental enhancement; and <br />WHEREAS, the Friends of Newport Coast has proposed to cosponsor a <br />grant application with the City of Newport Beach; and <br />WHEREAS, the City Council has concluded the project proposed for <br />funding with the grant funds would be environmentally beneficial and an Environmental <br />Impact Report will be prepared in conformance with CEQA prior to the implementation of <br />the project. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of <br />Newport Beach rescinds Resolution No. 2004 -97; and <br />