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HomeMy WebLinkAbout4052 - Acquisition of Interest in Water Line1 . 2 • 3 4 5 6 7 8 9 10 11 . 12 13 14 15 16' 17 18 19 20 21 22 23 24 25 26 27 • 28 • 29 30 31 32 RESOLUTION No. �O 2 A RESOLUTION APPROVING AN AGREEMENT FOR THE ACQUISITION OF AN IVT€REST IN A CE31TAI21 °„ATE;R. LINE. WHEREAS. theca has been presented to the City Council of the City of Hewnort Reach an Agreement between the Laguna Beach County Water District, the Irvine Company, and the City of Newport Beach, under date of March 4, 1953, wherein and wher by the City will acquire an undivided one -half interest in the flowage capacity of the water line running from Corona del gar to the vicinity of the intersection of 16th Street and Pomona Avenue in Costa Mess., California, for the sum of anproxisately 41002000.0o; and WHFIXAS, it appears to be for the best interests of the citizens of the City of Newport Beach that the City expend the eum of $1000000.00 for the said undivided one -half interest In said pipe line in order to insure the continued as4 future service of mater to its citizens; NOWs THEREFORt, BE IT HE:SOLVED that the City of Newport Beach enter into said contract With the Laguna Reach County 14atsr District and the Irvine Company, and the Mayor and the City Clerk be, and they are hereby, authorized and. directed to exeftU said contract in behalf of the City of Newport Beach. HE IT FURTHER RESOLYSD that an executed copy of said Agreement be delivered by the City Clerk to the Laguna Beach County Water District and the Irvine Company respectively. The above and foregoing Resolution was duly and regul- arly passed and adopted by the City Coun0li of the City o4 K®w- port beach, at a regular meeting thereof, held on the /-�' *4day of 1953, by the following vote, to wit: AYES, COUNCILMEN: /7� 2L_ o'Hroc_? V-111z 5038, COUNCILMEN: ABSENT COUNCILMEN: ATTEST: 'r, Mayor city Clerk • STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF NEWPORT BEACH I. MARGERY Beach, California, do SS 3CHROUDER, City Clerk of the City of Newport hereby certify that according to the records of the City of Newport Beach filed and maintained in my office, the foregoing Resolution No. 4052 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport Beach, California, at a regular meeting of said City Council held at the regular meeting place thereof, on the 13th day of March 19 53 by the following vote, to wit: AYES, COUNCILMEN: Smith, Isbell, Bennett, Miller NOES, COUNCILMEN: None ABSENT, COUNCILMEN: Finch Dated this 27th day of September 19 57 ej )\ -_\ City ClerN an Ex -0 ficio C er of the City Council, City of �.� Newport Beach, State of California. Z,