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HomeMy WebLinkAboutRES 123 AAA/®2 .3 AAA R E S O L U T I O N WHEREAS, on March 16, 1971, a Resolution was passed authorizing the City Manager to execute a certain Agreement on behalf of The City of Beaumont with A. M. Phelan for participation in the extension of Laurel Avenue into East Caldwood Drive, which provided that the City shall allocate Seven Thousand Eight Hundred Seventy Five and No/100 ($7,875.00) Dollars as its estimated participation, and providing therein also that A. M. -Phelan would place into escrow Eleven Thousand Two Hundred Twenty Nine and No/100 ($11,229.00) Dollars as his estimated participation in said ex- tension; and, WHEREAS, certain provisions of the Agreement so executed on March 16, 1971, render the construction of said project, because of intervening conflicts in time and finance, an unreasonable and unnecessary financial burden on all parties concerned; and, WHEREAS, the City Council is of the opinion that said extension should be completed and that said Agreement should be modified, all of which is in the best interest of the citizens of the City of Beaumont; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: That the City Manager be authorized to execute an Agreement modifying said earlier Agreement, dated March 16, 1971; and the City Clerk is hereby authorized to affix the seal of the City of Beaumont thereto. 1971. PASSED by the City Council this /074� day of s Mayor -