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0856F� 1 RESOLUTION NO. 856 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF RANCHO PALOS VERDES A PORTION OF ITS AVAILABLE PROPOSITION C TRANSPORTATION FUNDS. WHEREAS, the City of Rolling Hills has a fund balance of approximately $21,074 in Proposition C Local Return Funds; and WHEREAS, the City of Rancho Palos Verdes is planning to slurry seal Crest Road from Palos Verdes Drive East to Ganado Drive 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 Rancho Palos Verdes. 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 assign to the City of Rancho Palos Verdes $8,000 in Rolling Hills Proposition C Funds to assist in the cost of slurry sealing Crest 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 Rancho Palos Verdes. Section 3. The City Manager is hereby directed and authorized to execute any necessary documents, including, but not limited to agreements, amendments, forms and applications to follow through with this transfer of funds. APPROVED AND ADOPTED this 8th day of February, 1999. Frank E. Hill ` Mayor ATTEST: Marilyn L. ern Deputy City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 856 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF RANCHO PALOS VERDES A PORTION OF ITS AVAILABLE PROPOSITION C TRANSPORTATION FUNDS. was approved and adopted at a regular meeting of the City Council on February 8, 1999, by the following roll call vote: AYES: Councilmembers Lay, Murdock, Pernell and Mayor Hill. NOES: None. ABSENT: Mayor Pro Tem Heinsheimer. . ABSTAIN: None. Resolution No. 856 -1- )3�d J11-2� _ f-,) ohm IQer Marilyn L. n Deputy City Clerk