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HomeMy WebLinkAbout8942 - Acquisitiion of Municipal ImprovementFRS:pw RESOLUTION NO. 8942 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH, CALIFORNIA, DETERMINING THAT THE PUBLIC INTEREST AND NECESSITY DEMAND THE ACQUISITION OF -A CERTAIN MUNICIPAL IMPROVE- MENT AND MAKING FINDINGS RELATING THERETO The City Council of the City of Newport Beach, California, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: SECTION 1. The public interest and necessity demand the acquisition by said City of a certain municipal improve- ment, to -wit: to acquire land for open spaces and to make minimum improvements on park sites. SECTION 2. The acquisition of said municipal improve- ment is necessary and convenient to carry out the objects, purposes and powers of the City. SECTION 3. The estimated cost of the aforesaid municipal improvement is $7,100,000. The indebtedness for the aforesaid municipal improvement will require an expen- diture greater than the amount allowed for it by the annual tax levy of the City. ADOPTED, SIGNED AND APPROVED this 22nd day of November, 1976. (SEAL) ATTEST: i qty Clerk, City of ewport Beach -1- i *ffor, City of Newport BI&ach • is STATE OF CALIFORNIA ss. COUNTY OF ORANGE I, DORIS GEORGE, City Clerk of the City of Newport Beach, California, do hereby certify that the foregoing resolution was duly adopted by the City Council of said City at a regular meeting of said City Council held on the 22nd day of November, 1976, and that it was so adopted by the following vote: (SEAL) AYES: COUNCILMEN Dostal, Barrett, Kuehn, McInnis Rogers, Ryckoff, Williams NOES: COUNCILMEN None ABSENT: COUNCILMEN None f City Clerk, City ofjIewport Beach -2-