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HomeMy WebLinkAbout5392 - Dover Drive Financing AgreementWWC :me 4/4/61 12) 1 RESOLUTION NO. 5392 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AN 3 ARTERIAL HIGHWAY FINANCING AGREEMENT WITH THE COUNTY OF ORANGE FOR THE IMPROVEMENT OF DOVER 4 DRIVE 5 6 WHEREAS, pursuant to Resolution No. 5267 of the City 7 Council, the City of Newport Beach entered into an Arterial g Highway Financing Agreement with the County of Orange dated July 9 19, 1960, for the improvement of Dover Drive from a point approxi- 10 mately 800 feet southerly of Westcliff Drive to the Pacific Coast 11 Highway; and 12 WHEREAS, there has now been presented to the City Council 13 a certain financing agreement between the City and County for such 14 improvement work which, if executed by the parties, would supersede 15 in its entirety said agreement of July 19, 1960, and would provide 16 for the County Highway Department to act as the Project Engineer 17 I instead of the City Engineer; and 18 WHEREAS, said proposed agreement has been reviewed and 19 found to be fair and equitable and it is in the interest of the 20 City to execute the same; 21 NOW, THEREFORE, BE IT RESOLVED by the City Council of the 22 City of Newport Beach that said Arterial Highway Financing Agree - 23 ment be approved and that the Mayor and City Clerk are authorized 24 and directed to execute the same on behalf of the City of Newport 25 Beach. 26 ADOPTED this 10th day April, 27 9��- 28 Mayor 29 ATTESTr': ` 30 1 City 31 32 STATE OF CALIFORNIA IS COUNTY OF ORANGE S. CITY OF NEWPORT BEACH 1, .Margery-Schrouder ------------------------------- ------------ - - - - -- City Clerk of the City of Newport Beach, California, do hereby certify that the foregoing Resolution Y Y 9 9 5392 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 .... 10th ........... day, of- ........ April ........................................ 1961--- by the following vote: AYES: COUNCILMEN - -- ..Kingsley, Atkinson, Cook, Stoddard, Hart, -- - -------------------------------------------------------------------------.....-- Lorenz, Somers • NOES: COUNCILMEN ---- None ABSENT: COUNCILMEN. - -.None llth April 61 Datedthis----------- -- ----------day of .................................. - .................................................. ...... 19. .... City Clerk en & -off ,o Clerk of the Cit Council, City of N wport 8 ach, State of California • E