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1023 RESOLUTION NO. 1023 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, APPROVING A LETTER OF AGREEMENT BETWEEN THE CITY OF ROLLING HILLS AND THE CITY OF LOMITA, REGARDING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS (CDBG) FOR THE FISCAL YEARS 2005-06, 2006-07 AND 2007-08. THE CITY COUNCIL OF THE CITY OF ROLLING HILLS HEREBY RESOLVES AS FOLLOWS: WHEREAS, the City Council of the City of Rolling Hills conducted duly noticed public hearing, pursuant to applicable law, on July 9, 2007, to consider the allocation of CDBG funds for Fiscal Years 2006-08; WHEREAS, the use of CDBG funds is stricdy limited by law; and WHEREAS, on April 11, 2005 the City of Rolling Hills executed a three-year Cooperation Agreement with the County of Los Angeles concerning CDBG funds for Fiscal Years 2006-2009; and WHEREAS, the City of Rolling Hills, is a recipient of CDBG funds and desires to transfer $10,684 of its FY 2006-2008 CDBG funds to the City of Lomita for the purpose of furthering Lomita's housing rehabilitation programs. NOW, THEREFORE, BE IT RESOLVED by the City of Rolling Hills City Council as � follows: Section 1. The attached letter of Agreement between the City of Rolling Hills and the City of Lomita is hereby approved. Section 2. ' In accordance with the attached letter of Agreement, the City of Rolling Hills will transfer $10,684 of its FY 2006-OS CDBG funds to the City of Lomita. Section 3. The City Manager is authorized and directed to execute any and all documents necessary to complete the assignment of funds on behalf of the City of Rolling Hills. Section 4. This resolution shall take effect immediately. Section 5. The City Clerk shall certify to the adoption of this resolution and thenceforth and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED THIS 9th DAY OF JULY 2007. ��� JAM S BLACK MAYOR ATTEST: ' u `L � �.PA.�„�- MARILYN L. RN DEPUTY CITY CLERK Resol utioii No. 1023 _�_ STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) �� CITY OF ROLLING HILLS ) I certify that the foregoing Resolution No. 1023 entided: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, APPROVING A LETTER OF AGREEMENT BETWEEN THE CITY OF ROLLING HILLS AND THE CITY OF LOMITA, REGARDING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS (CDBG) FOR THE FISCAL YEARS 2005-06, 2006-07 AND 2007-08. was approved and adopted at a regular meeting of the City Council on July 9, 2007 by the following roll call vote: AYES: Councilmembers Heinsheimer , Lay, Pernell , Mayor Pro Tem Hill and Mayor Black. NOES: None . ABSENT: None . ABSTAIN: None . and in compliance with the laws of California was posted at the following: Administrative Offices � DEPU CITY CLERK Resolution No. 1023 -2-