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0932'J RESOLUTION NO. 932 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 $92,293 in Proposition C Local Return Funds; and WHEREAS, the City of Rolling Hills Estates has, and is continuing to renovate Crenshaw Boulevard between Palos Verdes Drive North and Silver Spur Road, which represents public street improvements 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 $46,146.50, in Rolling Hills Proposition C Funds to assist in the cost of renovating Crenshaw Boulevard between Palos Verdes Drive North and 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 and applications to follow through with this transfer of funds. APPROVED AND ADOPTED this 28th day of April, 2003. Frank E. Hill , Mayor ATTEST: t'J-� Marilyn L. Kern Deputy City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 932 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 April 28, 2003, by the following roll call vote: AYES: Councilmembers Black, Lay, Mayor Pro Tem Heinsheimer and Mayor Hill. NOES: None. ABSENT: Councilmember Pernell. ABSTAIN: None. Resolution No. 932 -1- Marilyn L. Kern Deputy City Clerk