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RESOLUTION No. �O 2
A RESOLUTION APPROVING AN AGREEMENT FOR THE ACQUISITION OF AN
IVT€REST IN A CE31TAI21 °„ATE;R. LINE.
WHEREAS. theca has been presented to the City Council
of the City of Hewnort Reach an Agreement between the Laguna
Beach County Water District, the Irvine Company, and the City
of Newport Beach, under date of March 4, 1953, wherein and wher
by the City will acquire an undivided one -half interest in the
flowage capacity of the water line running from Corona del gar
to the vicinity of the intersection of 16th Street and Pomona
Avenue in Costa Mess., California, for the sum of anproxisately
41002000.0o; and
WHFIXAS, it appears to be for the best interests of
the citizens of the City of Newport Beach that the City expend
the eum of $1000000.00 for the said undivided one -half interest
In said pipe line in order to insure the continued as4 future
service of mater to its citizens;
NOWs THEREFORt, BE IT HE:SOLVED that the City of Newport
Beach enter into said contract With the Laguna Reach County 14atsr
District and the Irvine Company, and the Mayor and the City Clerk
be, and they are hereby, authorized and. directed to exeftU said
contract in behalf of the City of Newport Beach.
HE IT FURTHER RESOLYSD that an executed copy of said
Agreement be delivered by the City Clerk to the Laguna Beach
County Water District and the Irvine Company respectively.
The above and foregoing Resolution was duly and regul-
arly passed and adopted by the City Coun0li of the City o4 K®w-
port beach, at a regular meeting thereof, held on the /-�' *4day of
1953, by the following vote, to wit:
AYES, COUNCILMEN: /7� 2L_ o'Hroc_? V-111z
5038, COUNCILMEN:
ABSENT COUNCILMEN:
ATTEST:
'r, Mayor
city Clerk
• STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF NEWPORT BEACH
I. MARGERY
Beach, California, do
SS
3CHROUDER, City Clerk of the City of Newport
hereby certify that according to the records
of the City of Newport Beach filed and maintained in my office,
the foregoing Resolution No. 4052 was duly and
regularly adopted, passed, and approved by the City Council of
the City of Newport Beach, California, at a regular meeting of said
City Council held at the regular meeting place thereof, on the
13th day of March 19 53 by the following
vote, to wit:
AYES, COUNCILMEN: Smith, Isbell, Bennett, Miller
NOES, COUNCILMEN: None
ABSENT, COUNCILMEN: Finch
Dated this 27th day of September 19 57
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-_\ City ClerN an Ex -0 ficio C er
of the City Council, City of
�.� Newport Beach, State of California.
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