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HomeMy WebLinkAbout2857 - 1-4 Cent Gas TaxE 0 1, 2, 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26' 27', 28 29 30 31 32 RESOLUTION NO. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH APPROVING MEMORANDUM OF AGREEMENT FOR ACCUMULATION OF 1/4 CENT GAS TAX ALLOCATED FOR STREETS OF MAJOR IMPORTANCE WHEREAS, a memorandum of agreement has been presented to be entered into with the State of California for accumulation of the 1/4 cent gas tax for the fiscal year 1944 allocated for streets of major importance other than State highways in the City of Newport Beach; and WHEREAS, the City Council has heard read said agree- ment in full and is familiar with the contents thereof; THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that, under the provisions of Section 200 of the Streets and Highways Code, the 1/4 cent gas tax allocated for streets of major importance other than State highways be accumulated for future expenditure, and that said agreement be and the same is hereby approved, and the Mayor and the City Clerk are directed to sign the same on behalf of said City, said agree- ment to be binding upon the City upon its execution by the author- ized officials of the State. ADOPTED this I rK day of N`0fk. , 1943. Mayor of t e City of Newport Beach. Attest; City Clerk of the City of Newport Beach. I hereby certify that the foregoing resolution was duly and regularly passed by the City Council of the City of Newport Beach at a regular meeting thereof held &fr M7i , 1 C erk of the City of Newport Beach.