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HomeMy WebLinkAbout8930 - C-1875 - Traffic Signal at Campus Drive11 RESOLUTION NO. 8930 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A COOPERATIVE FINANCING AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE CITY OF IRVINE FOR INSTALLATION OF A TRAFFIC SIGNAL AT CAMPUS DRIVE AND VON KARMAN AVENUE, CONTRACT NO. 1875 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 City of Irvine in connection with the installation of a traffic signal at Campus Drive and Von Karman Avenue; and WHEREAS, the City Council has reviewed the terms and conditions of said 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 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 ATTEST: 4-1�� L��� ity Clerk ®AYES NOV 1 0 1976 8th day of November f/ Nbry'or 1976. DDO /bc 11/2/76 ERYffD C•,.;•. THE QRIGINA9. ti' + .............................. CITY CLERK OF THE .........._� CITY OF N OQT CIS ®AYES NOV 1 0 1976 8th day of November f/ Nbry'or 1976. DDO /bc 11/2/76