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HomeMy WebLinkAbout8946 - Balboa Blvd Widening• RESOLUTION NO. 8946 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A SUPPLEMENTAL COOPERA- TIVE FINANCING AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE STATE OF CALIFORNIA, DEPARTMENT OF TRANSPORTATION (CALTRANS) FOR BALBOA BOULEVARD WIDENING - 44TH STREET TO COAST HIGHWAY WHEREAS, there has been presented to the City Council of the City of Newport Beach a certain supplemental cooperative financing agreement between the City of Newport Beach and the State of California, Department of Transportation (CALTRANS) in connection with the widening of Balboa Boulevard - 44th Street to Coast Highway; 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 contract; 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 22nd day of November , 1976. ayor ATTEST: NOV 2 4 1976 DAT& .......... c 11/16/76