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HomeMy WebLinkAbout9016 - Traffic Signal Construction at Coast Hwy & ProspectRESOLUTION NO. 9016 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 STATE OF CALIFORNIA, DEPARTMENT OF TRANSPOR- TATION, IN CONNECTION WITH THE CONSTRUCTION OF A TRAFFIC SIGNAL AT COAST HIGHWAY AND PROSPECT STREET 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 State of California, Department of Transportation, in connection with the construction of a traffic signal at Coast Highway and Prospect Street; 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 28th day of February , 1977. • or ATTEST: it RTIFf @D AS TX2 IRAL ....... ..................... .. ...... CITY CLERK OF THE C; ,Y car ::'F. " ^'� bl: N DDO /bc 2/25/77 MAR 3 1977