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RESOLUTION NO. 86 -87 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH AUTHORIZINI3 THE MAYOR AND THE <br />CITY CLERK TO EXECUTE PROGRAM SUPPLEMENT NO. 5 <br />• TO LOCAL AGENCY /STATE AGREEMENT NO. 07 -5151 <br />COVERING THE FAU FUNDING FOR THE CONSTRUCTION <br />OF THE COAST HIGHWAY IMPROVEMENT PROJECT FROM <br />MacARTHUR BOULEVARD TO JAMBOREE ROAD <br />WHEREAS, there has been presented to the City Council of the City of <br />Newport Beach a certain Program Supplement No. 5 to Local Agency /State Agreement <br />No. 07 -5151 covering the FAU funding for the Coast Highway improvement project; <br />and <br />WHEREAS, the City Council has reviewed the terms and conditions of <br />said Program Supplement No. 5 to Local Agency /State Agreement No. 07 -5151 <br />covering the FAU funding for the construction of the Coast Highway improvement <br />project from MacArthur Boulevard to Jamboree Road, and finds them to be satis- <br />factory and that it would be in the best interest of the City to authorize the <br />Mayor and the City Clerk to execute said Program Supplement; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Newport Beach that said Program Supplement above described is approved, and the <br />Mayor and the City Clerk are hereby authorized and directed to execute the same <br />on behalf of the City of Newport Beach. <br />ADOPTED this 22nd clay of September . 1986. <br />ATTEST: <br />' <br />Assist, ity Clerk <br />• <br />