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HomeMy WebLinkAbout10009 - Cooperative Agreement:7 RESOLUTION NO. 10,009 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH APPROVING A COOPERATIVE AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE COUNTY OF ORANGE, ENVIRONMENTAL MANAGEMENT AGENCY, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE AGREEMENT WHEREAS, in May, 1980, the City Council instructed the City staff to proceed with preparation of contract documents for the construction of Jasmine Creek Storm Drain, Phase 1; and WHEREAS, Jasmine Creek Storm Drain, Phrase 1, runs between Bayside Drive storm drain east of Fernleaf Avenue through Bayside Drive park then northward on Iris Avenue to the south right -of -way of Coast Highway; and WHEREAS, the City proposes to enter into an agreement with the County of Orange, Environmental Management Agency, wherein the County of Orange will provide up to $250,000.00 for the construction of Jasmine Creek Storm Drain, Phase 1; and WHEREAS, it is in the best: interests of the City to • enter into a cooperative financing agreement with the County of Orange, Environmental Management Agency, providing for funding • for construction of Jasmine Creek Storm Drain, Phase 1; 0 0 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the Cooperative Financing Agreement between the City of Newport Beach and County of Orange Environmental Management Agency, as 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 this23rd" day of March , 1981. 1 is is 0