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HomeMy WebLinkAbout7185 - C-1205 - Jamboree Road ConstructionRESOLUTION NO. 7 18 6 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF A.BORROW SITE AGREEMENT WITH LOCKHEED AIRCRAFT CORPORATION IN CONNECTION WITH THE CONSTRUCTION OF JAMBOREE ROAD FROM PALISADES ROAD TO MAC ARTHUR BOULEVARD, CONTRACT 1205 WHEREAS, there has been presented to the City Council of the City of Newport Beach a certain agreement between the City of Newport Beach and Lockheed Aircraft Corporation, whereby Lockheed Aircraft Corporation grants to the City the right of entry to certain property in order to enable the City to construct a borrow pit to obtain borrow material to raise the grade of Jamboree Road in accordance with plans and specifications for Contract 1205; and WHEREAS, the City Council has considered the terms and conditions of said borrow site agreement and found them to be fair and equitable; NOW, THEREFORE, BE IT RESOLVED that said borrow site agreement above described is approved, and the Mayor and City Clerk are hereby authorized and directed to execute the same on behalf of the City of Newport Beach. ADOPTED this 25th day of Maw. 1970. Mayor ATTEST- • City' Cie rc THS °mh 5/22/70