0911RESOLUTION NO. 911
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 $80,000; 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 25`h DAY OF MARCH, 2002.
Jody M dock
Mayor
ATTEST:
Marilyn L. Kern
Deputy City Clerk
Resolution No. 857 -1-
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF ROLLING HILLS)
The foregoing Resolution No. 911 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 March 25, 2002, by the
following roll call vote:
AYES: Councilmembers Heinsheimer, Hill, Pernell, Mayor Pro Tem Lay
and Mayor Murdock.
NOES: None.
ABSENT: None.
ABSTAIN: None.
Marilyn L. Kern
Deputy City Clerk
1
1
Resolution No. 857 -2-