Loading...
HomeMy WebLinkAbout7289 - C-1205 - Jamboree Road ConstructionRESOLUTION NO. 7 2 8 9 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF • AN AMENDMENT TO THE COOPERATIVE FINANCING AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE COUNTY OF ORANGE FOR CONSTRUCTION OF JAMBOREE ROAD FROM PALISADES ROAD TO MACARTHUR BOULEVARD, C -1205 WHEREAS, there has been presented to the City Council of the City of Newport Beach an amendment to the cooperative financing agreement between the City of Newport Beach and the County of Orange, dated May 12, 1970, for the construction of Jamboree Road from Palisades Road to MacArthur Boulevard; and WHEREAS, it has been determined that the estimated cost of the County portion of said project will be considerably more than originally estimated, and the proposed amendment would revise the original agreement to reflect said change; and WHEREAS, the City Council has considered the terms and conditions of said agreement and found them to be fair and equitable; NOW, THEREFORE, BE IT RESOLVED that said amendment to the cooperative financing 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 28th day of September, 1970. C/ t Mayor ATTEST- �' d�GL2GF C "ty 'Clerk ' a45 � NVA9.� THS : adw _ 9/23/70 .._• -. CE[` C OF THE N OF N PO l B9ACH UAM_n ,