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1007 RESOLUTION N0. 1007 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF ° ROLLING HILLS ESTATES ITS AVAILABLE PROPOSITION C TRANSPORTATION FUNDS. WHEREAS, the City of Rolling Hills has a fund balance of approximately $85,680.00 in Proposition C Local Return Funds; and WHEREAS, the City of Rolling Hills does not have a project that is eligible for funding with Proposition C Local Return Funds; and WHEREAS, the City of Rolling Hills Estates has identified a project that qualifies for funding with Proposition C Local Return Funds; and WHEIZEAS, the City of Rolling Hills has a general interest in supporting eligible projects to maintain traffic flow on the Palos Verdes Peninsula. NOW, THEREFOIZE, 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 $83,000, in Rolling Hills Proposition C Funds to assist in the cost of installation of uninterruptible power source (battery backup) systems at all signalized intersections in the City of Rolling Hills Estates. 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 26 day of un Jame ck May r Pro TEm ATTEST: 1� �h� Marilyn L. Kerri Deputy City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES )� SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 1007 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF ROLLING HILLS ESTATES ITS AVAILABLE PROPOSITION C TRANSPORTATION FUNDS. was approved and adopted at a regular meeting of the City Council on June 26, 2006, by the following roll call vote: AYES: Councilmembers Hill , Pernell and Mayor Pro Tem Black. NOES: No n e . ABSENT: Councilmember Heinsheimer and Mayor Lay. ABSTAIN: No n e . � • �<�+'1t� � -- Marilyn L. Kern Deputy City Clerk Resolution No. 1007 -1-