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HomeMy WebLinkAbout04-08-1975 - Special MeetingCOUNCILMEN 'A L 000% �X OA o ROLL CAL Present Motion Ayes Motion Ayes CITY OF NEWPORT BEACH SPECIAL COUNCIL MEETING Place: Council Chambers Time: 5:30 P.M. Date: April 8, 1975 MINUTES INDEX Upper Newport Bay R -8461 x x x x x y Roll Call. Mayor McInnis opened the meeting and stated that the Special Meeting was called in accordance with City Charter Section 408 for the purpose of reviewing the revised Upper Newport Bay settlement agreement. With the unanimous consent of the Council, Mayor McInnis adjourned the meeting to an Executive Session to receive the City Attorney's oral report on possible litigation on subject matter. The Council reconvened with all members present, and the revised settlement agreement was reviewed. Resolution No. 8461, authorizing the execution of an agree- ment between the City of Newport Beach, the State of Cali- fornia, the County of Orange, The Irvine Company and First American Title Company for transfer of certain real pro- perty to the State of California and to the City of Newport Beach and County of Orange jointly by The Irvine Company and for the settlement of pending litigation, and rescinding Resolution No. 8460 (Upper Newport Bay Settlement), was x x x x x 1 y adopted. Bruce A. Tester, attorney representing The Irvine Company, briefly addressed the Council regarding the establishment of an impound account in connection with a possible tax rebate on the islands. Robert Shelton, representing The Irvine Company, gave a brief progress report on SB -368, legislation which would allow the use of Santa Barbara oil spill settlement monies for the development of Upper Newport Bay. x The meeting was adjourned at 6:05 P.M. x x x x yor F" rE— TEST: ity, Clerk Volume 29 - Page 70 INDEX Upper Newport Bay R -8461