Irvine

City Council

March 26, 2024 Order of Business 3 #11

Agenda Item 11

3.11 SATISFACTION AND DISCHARGE AGREEMENT\nFOR BEE CANYON CHANNEL OBLIGATION IN\nCOUNTY IMPLEMENTATION AGREEMENT NO. 2\nACTION:\n1) Approve the Satisfaction and Discharge Agreement\nfor Implementation Agreement No. 2 between the City\nof Irvine and the County of Orange.\n2) Approve a Budget Adjustment of $650,000 in the\nAsset Management Plan Fund (Fund 002) for the\npayment from the City to the County of Orange to\nrelease the Bee Canyon obligation.\n3.11