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RESOLUTION NO. 1093
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
RANCHO PALOS VERDES, 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 $65,000; and
WHEREAS, the City of Rancho Palos Verdes has transportation 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 Rancho Palos Verdes. 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 duly appointed Deputy, is directed to attest thereto.
PASSED, APPROVED, AND ADOPTED BY THE CITY COUNCIL OF THE CITY
OF ROLLING HILLS ON THIS IP DAY OF SEPTEMBER. 2Of—O.-,:�
ATTEST:
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Heidi Luce
Deputy City Clerk
Resolution No. 1093 -1-
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF ROLLING HILLS )
The foregoing Resolution No. 1093 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
RANCHO PALOS VERDES, AUTHORIZING AN EXCHANGE OF
PROPOSITION "A" TRANSPORTATION LOCAL RETURN FUNDS. –
was approved and adopted at a regular meeting of the City Council on September 13, 2010, by the
following roll call vote:
AYES: Councilmembers Black, Heinsheimer, Hill and Mayor Pernell.
NOES: None.
ABSENT: Mayor Pro Tem Lay.
ABSTAIN: None.
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Heidi Luce
Deputy City Clerk
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Resolution No. 1093 -2-