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HomeMy WebLinkAbout7176 - C-1205 - Jamboree Road ConstructionL--.j RESOLUTION NO.7176 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF A COOPERATIVE FINANCING AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND THE COUNTY OF ORANGE FOR THE CONSTRUCTION OF.JAMBORER ROAR BETWEEN.PALISADES ROAD AND MAC ARTHUR BOULEVARD, CONTRACT_ 1205 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 the County of Orange for the construction of Jamboree Road between Palisades Road and MacArthur Boulevard; and WHEREAS, the City Council has considered the terms and conditions'of'said cooperative financing agreement and found them to be fair and equitable; NOW, THEREFORE, BE IT RESOLVED that said agreement for the street and highway construction above described is ap- proved, 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 27th day of April, 1970. Mayor ATTEST: b Clty Ci er ILERK IFIED AS YHR 0 PIMA2, IT OF THE CITY OF NE OtiT BEACH ®Ages . G `.l �...