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08281 1 RESOLUTION NO. 828 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF ROLLING HILLS ESTATES A PORTION OF ITS AVAILABLE PROPOSITION C TRANSPORTATION FUNDS. WHEREAS, the City of Rolling Hills has a fund balance of approximately $10,000 in Proposition C Local Return Funds; and WHEREAS, the City of Rolling Hills Estates is planning to resurface Silver Spur Road which represents a public street improvement qualifying for funding with Proposition C Local Return Funds; and WHEREAS, the City of Rolling Hills has a general interest in street improvement projects in the City of Rolling Hills Estates. NOW, THEREFORE, the City Council of the City of Rolling Hills, California, does hereby resolve as follows: Section 1. The City of Rolling Hills hereby assigns to the City of Rolling Hills Estates 60%, approximately $6,000, in Rolling Hills Proposition C Funds to assist in the cost of resurfacing Silver Spur Road. Section 2. The City Clerk shall certify to the adoption of this Resolution and shall forward certified copies to the Los Angeles County Metropolitan Transportation Authority and the City of Rolling Hills Estates. 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. APPROVED AND ADOPTED this 27th day of October, 1997. Allen Lay Mayor ATTEST: Marilyn L. Kern Deputy City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) CITY OF ROLLING HILLS ) SS The foregoing Resolution No. 828 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF ROLLING HILLS ESTATES A PORTION OF ITS AVAILABLE PROPOSITION C TRANSPORTATION FUNDS. was approved and adopted at a regular meeting of the City Council on October 27, 1997, by the following roll call vote: AYES: Councilmembers Heinsheimer, Murdock, Pernell, Mayor Pro Tem Hill and Mayor Lay. NOES: None. ABSENT: None. ABSTAIN: None. Resolution No. 828 -1- Marilyn L. Kern Deputy City Clerk