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HomeMy WebLinkAbout8225 - Ford Road WideningRESOLUTION NO. 8225 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 IRVINE COMPANY FOR THE WIDENING OF A PORTION OF FORD ROAD • 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 Irvine Company for the widening of Ford Road from Jamboree Road to 570 feet west of MacArthur Boulevard; and WHEREAS, the City Council has considered the terms and conditions of said cooperative financing agreement and found them to be fair and equitable, and in the best interests of the City; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that said cooperative financing agreement for the project 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 March, 1974. ATTEST: P� C'ty'C erk • IFIED AS THE 99GINAL MY CLERK OF THE OF PORT BEACH DON:mh 3/19/74 MAR 2 8 19'14 DAM --