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0363208 RESOLUTION NO. 363- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS APPROVING ASSIGNMENT BY CITY TO THE CITY OF ROLLING HILLS ESTATES ONE-HALF OF THE THREE YEAR APPORTION- MENT OF FEDERAL AID URBAN FUNDS FOR THE F ISCAL•YEARS OF 1973-742, 1974-75, AND 1975-76. WHEREAS,' the City of.Rolling Hills has determined that one- half of the,Three Year Apportionment of Federal Aid Urban Funds allocated !to the.City for the fiscal years of 19.73-74., 1974-75 and 1975-76 would benefit the City if 'the funds were assigned to the neighboring.Cty ofRol,ling Hills.Estates, the City therefore requests transfer of these funds.to the City of Rolling Hills Estates. NOW, THEREFORE9 THE CITY.COUNCIL OF THE CITY OF ROLLING HILLS, .CALIFORNIA, DOES'RESOLVE AS FOLLOWS: SECTION, lo', The City. shall assign to the City of Rolling Hills Estates one-half Iof the Three Year Apportionment of Federal Aid Urban Funds in the estimated amount of $12,300000 allocated to the City for the fiscal years of 1.973-74, 197475, and 1975-76, such funds to be used at the dfseretion of the'City of Rolling Hills Estates, SECTION 20 The City Council requests that the Joint Cooperative'Fe�deral.Aid Urban Committee indicate acceptance of this conveyance of funds at its earliest convenience. SECTION 30 The City Clerk is hereby directed to forward certified copies of this Resolution to the Joint Cooperative Federal Aid Urban Committee, California Department of Transportation., and to the Los.Angeles County Road Commissioner. PASSED, APPROVED AND ADOPTED this 10th day of May, 19760 Mayor f the i.ty of Ro1lin.g Hills, California ATTEST,. City Glerk 'of City of Rolling Hills, alifornia I hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Rolling Hills, California at a regular meeting thereof held on the 10th day of May, 1976, by the following vote of the Council: AYES- Councilmembers Crocker, Heinsheimer, Pernell, Swanson NOES- None ABSENT: Mayor Rose Ci.ty Cler��