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0943RESOLUTION NO. 943 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS AUTHORIZING THE TRANSFER OF A PORTION OF THE CITY OF ROLLING HILLS' ALLOCATION OF SURFACE TRANSPORTATION PROGRAM LOCAL (STP -L) FUNDS TO THE CITY OF ROLLING HILLS ESTATES. WHEREAS, the City of Rolling Hills has a fund balance of $23,663 in Surface Transportation Program Local (STP -L) Funds; and WHEREAS, the City of Rolling Hills is unable to utilize STP -L Funds under the guidelines of the program; and WHEREAS, the City of Rolling Hills Estates has an eligible public roadway improvement project which benefits the residents of the City of Rolling Hills; and WHEREAS, the City of Rolling Hills Estates has requested that a portion of the STP -L Fund balance allocated to the City of Rolling Hills be awarded to Rolling Hills Estates for renovation of Crenshaw Blvd. from Palos Verdes Drive North to Silver Spur Road which will benefit the residents of the City of Rolling Hills. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROLLING HILLS AS FOLLOWS: Section 1. The City Council authorizes the transfer of 1/3`d of the City of Rolling Hills' allocation of Surface Transportation Program Local Funds (STP -L) to the City of Rolling Hills Estates in the amount of $7,888.00 for the Crenshaw Blvd. road improvement project. Section 2. The City of Rolling Hills Estates will be the applicant for the funds and will be responsible for administering the funds under the conditions, rules and regulations governing these funds. PASSED, APPROVED AND ADOPTED t e /m�be , 03. FRANK E. HIIL MAYOR ATTEST: I/ MARILYN L. CERN DEPUTY CITY CLERK STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) �� CITY OF ROLLING HILLS ) I certify that the foregoing Resolution No. 943 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS AUTHORIZING THE TRANSFER OF A PORTION OF THE CITY OF ROLLING HILLS' ALLOCATION OF SURFACE TRANSPORTATION PROGRAM LOCAL (STP -L) FUNDS TO THE CITY OF ROLLING HILLS ESTATES. was approved and adopted at a regular meeting of the City Council on September 8, 2003 by the following roll call vote: AYES: Councilmembers Black, Lay, Pernell, Mayor Pro Tem Heinsheimer and Mayor Hill. NOES: None. ABSENT: None. ABSTAIN: None. and in compliance with the laws of California was posted at the following: Administrative Offices DEPUTY CITY CLERK Resolution No. 943 -1-