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HomeMy WebLinkAbout8082 - Traffic Signal Installation at Placentia AvenueRESOLUTION NO. 8082 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 CITY OF COSTA MESA FOR TRAFFIC SIGNAL INSTALLATION AT PLACENTIA AVENUE AND 16TH STREET WHEREAS, there has been presented to the City Council of the City of Newport Beach a certain financing agreement be- tween the City of Newport Beach and the City of Costa Mesa for traffic signal installation at Placentia Avenue and 16th Street; and WHEREAS, the City Council has considered the terms and conditions of said cooperative financing agreement and has found them to be fair and equitable; NOW, THEREFORE, BE IT RESOLVED that the cooperative financing agreement for the services 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 27th day of August , 1973. ATTEST: r City Clerk is CE IED AS THE 9R 7,1tJAL C17Y C6EEK OF THE CITY OF N W O8T BEACH AUG 2 9 1973 DAM__-._-__.....--------------------------------------------- sh 8/20/73