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HomeMy WebLinkAbout7497 - Channelization of Coast HighwayRESOLUTION No. 7 4 9 7 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 STATE OF CALIFORNIA FOR THE CHANNELIZATION OF COAST HIGHWAY FROM THE ARCHES TO TUSTIN AVENUE WHEREAS, there has been presented to the City Council of the City of Newport Beach a certain cooperative financing agreement between the City of Newport Beach and the State of California for the channelization of Coast Highway from the Arches to Tustin Avenue; and WHEREAS, the City Council has considered the terms and conditions of said agreement and found them to be fair and equitable; NOW, THEREFORE, BE IT RESOLVED that said cooperative financing agreement for the services 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 26th day of July, 1971. ATTEST: -L�'O�� L� City Clerk CERTIFIED THE ORIGINAL ^/ CITY CLERK OF THE CITY OF N YJP0RT DATE. JUL 3 0 1971 'fq.;Pe"- ep Mayor DOIN:adw 7/16/71