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HomeMy WebLinkAbout9688 - Traffic Signals & Safety LightingRESOLUTION NO. 9688 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 COUNTY OF ORANGE IN CONNECTION WITH THE INSTALLATION OF TRAFFIC SIGNALS AND SAFETY LIGHTING AT THE INTER- SECTION OF SUPERIOR AVENUE AND HOSPITAL ROAD WHEREAS, there has been presented to the City Council of the City of Newport Beach a cooperative financing agreement between the City of Newport Beach and County of Orange in connection with the installation of the traffic signals and safety lighting at the intersection of Superior Avenue and Hospital Road; and WHEREAS, the City Council has reviewed the terms and conditions of said agreement and finds them to be satisfactory and that it would be in the best interest of the City to execute said cooperative financing agreement, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the cooperative financing 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 26 day of Novenber , 1979. UMAYOR_ ATTEST: CITY CLERK 40 . ERTI1I'cD AS ' -:c C::IC 1� :AL _ ..................... . -- ......... ..._.. CITY CLFRX Q. Vw CIW OF kC:.: . i .::14H yjEC 3 1979 DAY® ...................... _ ................ ... H?RC /ap 11/20/79