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HomeMy WebLinkAbout9292 - Traffic Signal at Coast Highway & Irvine Te• r J RESOLUTION NO. 9292 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 FOR INSTALLATION OF A TRAFFIC SIGNAL AT COAST HIGHWAY AND IRVINE TERRACE 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 for installation of a traffic signal at Coast Highway and Irvine Terrace; and WHEREAS, the City Council has reviewed the terms and conditions of said Cooperative Financing 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 13th day of ATTEST: ity Clerk CERTIFIED AS ORIGINAL MY CLERK Of THE CITT OF NCWK&T BMCW OAT& MAR b 5 1978 March 1978. DDO /bc 3/9/78