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HomeMy WebLinkAbout8884 - Lots at Inspiration Point• RESOLUTION NO. 8884 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH RECOMMENDING THAT THE ORANGE COUNTY BOARD OF SUPERVISORS AMEND THE APPROVED REVENUE SHARING ALLOCATION OF $100,000.00 FOR THE ACQUISITION OF LOTS AT INSPIRATION POINT TO THE ACQUISITION OF LAND IN WEST NEWPORT FOR PARK PURPOSES WHEREAS, the City has applied for and received approval of the expenditure of $100,000.00 of County Revenue Sharing Funds for the acquisition of two lots in Corona del Mar at Inspiration Point; and WHEREAS, said Revenue Sharing Funds were to be supplemented by an appropriation from the State of California to complete the transaction to acquire said lots without the expenditure of City funds; and WHEREAS, the money from the State of California has not been appropriated by the State Legislature and apparently will not be forthcoming in the future; therefore, the acquisition of the Inspiration Point lots are no longer economically feasible at this time; and WHEREAS, the City desires to use said $100,000.00 of County Revenue Sharing Funds for an alternate project to acquire two acres of land in West Newport for development of a park that will ultimately be eight acres in size, containing six tennis courts, four restrooms, offstreet parking for park and beach use, open turf play and sand volleyball courts. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the City requests that the Orange County Board of Supervisors amend the approved Revenue Sharing Allocation of $100,000.00 for the acquisition of lots in Inspiration Point from that project to the acquisition of land for West Newport Park. M- d BE IT FURTHER RESOLVED that the City Manager be authorized to sign, on behalf of the City, any agreements or amendments related to this resolution. 4PBE IT FURTHER RESOLVED that the City Clerk is hereby authorized and directed to send a copy of this resolution to the Board of Supervisors of the County of Orange. ADOPTED this 13th day of September , 1976. ATTEST: City Clerk CERTIRED LSTHE ORIGIMAL ..... ........ ............ CITY CLERK OF THE CITY Of N MT 6EAa4 Mayor Pro Tem DDO /bc 8/30/76