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RESOLUTION NO. 822
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 TORRANCE, 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 $70,000; and
WHEREAS, the City of Torrance has various projects/ programs eligible to be
funded by Proposition "A" funds; and
WHEREAS, both cities agree that this exchange of funds would provide a
benefit to both agencies; and
WHEREAS, both cities and the Metropolitan Transportation Authority 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 Torrance. 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 14TH DAY OF JULY, 1997.
ATTEST:
Marilyn L. Kern
Deputy City Clerk
Resolution No. 822
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Frank E. Hill
Mayor Pro Tem
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) Ss
CITY OF ROLLING HILLS )
The foregoing Resolution No. 822 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 TORRANCE, CALIFORNIA,
AUTHORIZING AN EXCHANGE OF PROPOSITION "A"
TRANSPORTATION LOCAL RETURN FUNDS.
was approved and adopted at a regular meeting of the City Council on July 14, 1997, by the
following roll call vote:
AYES: Councilmembers Heinsheimer, Murdock, Pernell and
Mayor Pro Tem Hill.
NOES: None.
ABSENT: Mayor Pro Tem Hill.
ABSTAIN: None.
Marilyn L. k rrn
Deputy City Clerk
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Resolution No. 822 -2-