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HomeMy WebLinkAbout7213 - Topic Studies & Construction Projects• RESOLUTION NO. .7 2 IS A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH DETERMINING THAT TOPICS FUNDS FOR FISCAL 1969 -1970 ARE TO BE ACCUMULATED WITH THOSE OF FISCAL 1970 -71 FOR USE IN FINANCING TOPICS STUDIES AND CONSTRUCTION PROJECTS OF A MORE SUBSTANTIVE NATURE WHEREAS, the City of Newport Beach has been advised by the State of California Department of Public Works that the City is eligible to receive Federal funds in the amount of $74,006.00 for the fiscal year 1969 -70 and $72,443.00 for the fiscal year 1970 -71 under the Urban Traffic Operations Pro- gram to Increase Capacity and Safety (Topics), pursuant to the Federal -Aid Highway Act of 1968; and WHEREAS, the rules regarding the use of TOPICS funds require each county or city to indicate to the State of California Department of Public Works how it proposes to use said funds; NOW, THEREFORE, be it resolved by the City Council of the City of Newport Beach that the City elects to accumulate the funds available to it for the fiscal years 1969 -70 and 1970 -71, and to combine said funds with another fiscal year's apportionment for use in financing a more substantive program. BE IT FURTHER RESOLVED that the City Council is hereby directed to transmit a copy of this resolution to the State of 0alifornia Department of Public Works. t ADOPTED this 22nd day of June, 1970. �^s K Mayor TTEST: TxgS:bl 6.19/70