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HomeMy WebLinkAbout8902 - Open Space Bond Election• 0 RESOLUTION NO. 8902 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LETTER AGREEMENT WITH RUTAN & TUCKER TO ACT AS SPECIAL COUNSEL FOR THE OPEN SPACE BOND ELECTION WHEREAS, there has been presented to the City Council of the City of Newport Beach a Letter Agreement between the City of Newport Beach and Rutan & Tucker in connection with the legal services to be rendered in conjunction with the authorization, issuance and sale of general obligation bonds in the approximate amount of $7,000,000 for the acquisition and development of open space and park lands for the City of Newport Beach; and WHEREAS, the City Council has reviewed the terms and conditions of said Letter Agreement and finds them to be satisfactory and that it would be in the best interest of the City to authorize the Mayor and City Clerk to execute said agreement; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that said Letter 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 27th day of September , 1976. ATTEST: City Clerk Oat Mayor C6i2Tf+P1ED AS E ORIG NIAM& CITY CLERK OF TH= CITT OF N!WIV BEACH SEP 2 9 1976 DATE: ......._. .............. __ ............ ...... DDO /bc 9/21/76