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0899RESOLUTION NO. 899 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING A PORTION OF THE AVAILABLE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FOR FISCAL YEAR 1999- 2000, FISCAL YEAR 2000-2001 AND FISCAL YEAR 2001-2002 TO THE CITY OF RANCHO PALOS VERDES, CALIFORNIA. WHEREAS, the City of Rancho Palos Verdes provides a Home Improvement Program, established in 1998, for eligible low and moderate income residents, hereinafter referred to as "PROGRAM"; and WHEREAS, the City of Rolling Hills has historically allocated its CDBG funds for programs addressing regional housing needs; and WHEREAS, the City of Rolling Hills has determined that the aforementioned PROGRAM is in the general interest of the City of Rolling Hills regarding the support of housing element objectives; and WHEREAS, the City of Rolling Hills is willing to assign 50% of its allocation of available FY 1999-2000, FY 2000-2001 and FY 2001-2002 CDBG funds to the City of Rancho Palos Verdes to share in the cost of the PROGRAM. 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 Rancho Palos Verdes 50% of its FY 1999-2000, FY 2000-2001 anf FY 2001-2002 City of Rolling Hills available Community Development Block Grant Funds to share in the cost of the PROGRAM. Section 2. The City Manager is hereby authorized and empowered to execute all necessary applications, contracts and agreements to implement and carry out the purpose of the Community Development Block Grant Program. Section 3. The City Clerk shall certify to the adoption of this Resolution and shall forward certified copies to the LOS ANGELES COUNTY COMMUNITY DEVELOPMENT COMMISSION, the CITY OF RANCHO PALOS VERDES, and the LOS ANGELES COUNTY BOARD OF SUPERVISORS. APPROVED AND ADOPTED THIS 26th DAY OF FEBRURY, 2001. ATTEST: MARILYN L.IKERN, DEPUTY CITY CLERK 1 MAYOR STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) �§ CITY OF ROLLING HILLS ) I certify that the foregoing Resolution No. 899 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING A PORTION OF THE AVAILABLE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FOR FY 1999-2000, FY 2000- 2001, and FY 2001-2002 TO THE CITY OF RANCHO PALOS VERDES, CALIFORNIA. was approved and adopted at a regular meeting of the City Council on February 26, 2001 by the following roll call vote: AYES: Councilmembers Heinsheimer, Hill, Lay, Mayor Pro Tem Murdock and Mayor Pernell. NOES: None. ABSENT: None . ABSTAIN: None. and in compliance with the laws of California was posted at the following: Administrative Offices DEPUTY CITY CLERK Fil 1 1