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HomeMy WebLinkAbout7859 - C -1369 - Traffic Signal ModificationRESOLUTION NO. 159 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF A COOPERATIVE FINANCING AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE STATE OF CALIFORNIA DIVISION OF HIGHWAYS FOR TRAFFIC SIGNAL MODIFICATION AT INTERSECTION OF BALBOA BOULEVARD AND COAST HIGHWAY, CONTRACT NO. C -1369 WHEREAS, there has been presented to the City Council of the City of Newport Beach a certain cooperative financing agreement between the City of Newport Beach and the State.of California Division of Highways for traffic signal modifica- tion at the intersection of Balboa Boulevard and Coast Highway; 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 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 24th ATTEST: Ckty Clerk IFIED AS THE O AL CRY CLERK OF THE CITY OF N&ORT BEACH OCT 2 t. 11/ MM day of October , 1972. /MFL DON dm 10/17/72