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07447 RESOLUTION NO. 744 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS CALIFORNIA, APPROVING AN AGREEMENT BY AND BETWEEN THE CITY OF ROLLING HILLS AND THE CITY OF HAWAIIAN GARDENS, CALIFORNIA, AUTHORIZING AN EXCHANGE OF PROPOSITION "A" TRANSPORTATION LOCAL RETURN FUNDS WHEREAS, The City of Rolling Hills has uncommitted Proposition "A" funds within its reserve allocation in the amount of $30,000, and, WHEREAS, the City of Hawaiian Gardens has various capital improvement projects/programs eligible to be funded by Proposition "A" funds, but not sufficient funds to address these projects/programs; and, WHEREAS, both cities and the Los Angeles County Transportation Commission agree that these projects/programs will be of benefit to the needs of local transportation services. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, AS FOLLOWS: Section 1. The City Council approves an Agreement for the exchange/ acquisition of General funds from the City of Hawaiian Gardens. Said Agreement is hereto attached as Exhibit "A', and is made a part hereof by reference. Section 2. The Mayor or his representative is hereby authorized to affix his signature to this Resolution, indicating its approval. Section 3. The City Manager is hereby directed and authorized to execute any necessary documents, including, but not limited to agreements, amendments, forms, applications, etc., to follow through with the exchange of funds. Section 4. The City Clerk, or his duly appointed Deputy, is directed to attest thereto. PASSED, APPROVED and ADOPTED by the City Council of the City of Rolling Hills on this 13th day of June, 1994. 4ThomaF.insheimer Mayor ATTEST: 4A " Craig R. Nealis City Clerk Resolution No. 744 -1- STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 744 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS CALIFORNIA, APPROVING AN AGREEMENT BY AND BETWEEN THE CITY OF ROLLING HILLS AND THE CITY OF HAWAIIAN GARDENS, CALIFORNIA, AUTHORIZING AN EXCHANGE OF PROPOSITION "A' TRANSPORTATION LOCAL RETURN FUNDS was approved and adopted at a regular meeting of the City Council on June 13, 1994, by the following roll call vote: _ AYES: Councilmembers Hill, Lay, Murdock, Mayor Pro Tem Pernell and Mayor Heinsheimer NOES: None ABSENT: None ABSTAIN: None rr'�� S . (-� 4A"� MARILYN L. KERN DEPUTY CITY CLERK Resolution No. 744 _2_ I-