HomeMy WebLinkAbout8431 - Traffic Signal at Jamboree & Santa BarbaraRESOLUTION NO. 8431
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE AN AGREEMENT BETWEEN THE
CITY OF NEWPORT BEACH AND THE IRVINE COMPANY
FOR REIMBURSEMENT OF 50% OF THE COSTS FOR THE
INSTALLATION OF THE TRAFFIC SIGNAL AT THE INTER-
SECTION OF JAMBOREE ROAD AND SANTA BARBARA DRIVE
WHEREAS, there has been presented to the City Council
of the City of Newport Beach an agreement between the City of
Newport Beach and The Irvine Company for reimbursement of
fifty percent (50 %) of the costs for the installation of the
traffic signal at the intersection of Jamboree Road and Santa
Barbara Drive; and
WHEREAS, the City Council has considered the terms
and conditions of said agreement and found them to be fair and
equitable, and in the best interests of the City;
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Newport Beach that said 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 27th day of January , 1975.
ATTEST:
City C erk
tFIED -AS TH AL
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C nY ERIC OF THE CITY OF NEW T BRACH
DATES FEB 3 1975
Mayor pro Tem
TP94�95