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1094RESOLUTION NO. 1094 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF RANCHO PALOS VERDES AND THE CITY OF ROLLING HILLS ESTATES ITS AVAILABLE PROPOSITION C TRANSPORTATION FUNDS, TRANSPORTATION DEVELOPMENT ACT (TDA) ARTICLE 3 FUNDS AND MEASURE R FUNDS. WHEREAS, the City of Rolling Hills has a fund balance of approximately $30,000 in Proposition C Local Return Funds for transportation projects; and WHEREAS, the City of Rolling Hills has a fund balance of approximately $15,000 in Transportation Development Act (TDA) Article 3 Funds comprising the City of Rolling Hills' portion of SB 821 funds collected by the County for the development of bicycle and pedestrian facilities; and WHEREAS, the City of Rolling Hills has a fund balance of approximately $10,000 in Measure R Funds for transportation projects; and WHEREAS, the City of Rolling Hills does not have projects that are eligible for funding with Proposition C Local Return Funds, TDA Funds or Measure R Funds; and WHEREAS, the Cities of Rancho Palos Verdes and Rolling Hills Estates, and the Palos Verdes Peninsula Transportation Authority have each identified projects that qualifies for funding with Proposition C Local Return Funds and Measure R Funds; and WHEREAS, the Cities of Rancho Palos Verdes and Rolling Hills Estates have each identified projects that qualifies for funding with TDA Funds; and WHEREAS, the City of Rolling Hills has a general interest in supporting eligible projects for transportation, to maintain traffic flow and to improve bicycle and pedestrian facilities on the Palos Verdes Peninsula; and WHEREAS, at this time the City wishes to allocate Proposition C Local Return Fund, TDA Fund and Measure R Fund balances to other public agencies to be utilized for an eligible use; and WHEREAS, the City of Rolling Hills has a well-established cost allocation formula with the Cities of Rancho Palos Verdes and Rolling Hills Estates for regional law enforcement and other shared projects, reflecting proportional benefits received by each agency. 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 Rancho Palos Verdes and Rolling Hills Estates and the Palos Verdes Peninsula Transportation Authority its accumulated balance of Proposition C Local Return Funds and Measure R Funds based on the regional law contract formula, with 60% to Rancho Palos Verdes, 30% to Rolling Hills Estates, and 10% to Palos Verdes Peninsula Transportation Authority, respectively. Section 2. The City of Rolling Hills hereby assigns to the City of Rancho Palos Verdes and Rolling Hills Estates its accumulated balance of TDA Funds based on the regional law contract formula, with 65% to Rancho Palos Verdes and 35% to Rolling Hills Estates, respectively. Section 3. The City of Rolling Hills hereby assigns to the City of Rancho Palos Verdes $33,750 consisting of $18,000 in Proposition C Transportation Funds, $9,750 in TDA Funds and $6,000 in Measure R Funds for road resurfacing and access ramps. Section 4. The City of Rolling Hills hereby assigns the City of Rolling Hills Estates $17,250 consisting of $9,000 in Proposition C Funds, $5,250 in TDA Funds and $3,000 in Measure R Funds for roadway resurfacing, bicycle lanes and access ramps. Section 5. The City of Rolling Hills hereby assigns the Palos Verdes Peninsula Transportation Authority $4,000 consisting of $3,000 in Proposition C Funds and $1,000 in Measure R Funds for regional transportation services. Section 6. The City of Rolling Hills will submit its documentation for the Los Angeles Metropolitan Transportation Authority to allocate these funds to the Cities of Rancho Palos Resolution No. 1094 -1- Verdes and Rolling Hills Estates and the Palos Verdes Peninsula Transportation Authority for the appropriate eligible programs in the cities. Section 7. 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 Cities of Rancho Palos Verdes and Rolling Hills Estates and the Palos Verdes Peninsula Transportation Authority. Section 8. 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 1301 day of September, 2010. ATTEST: -AWAIff-, Heidi Luce Deputy City Clerk Resolution No. 1094 -2- 1 1 1 1 1 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 1094 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF RANCHO PALOS VERDES AND THE CITY OF ROLLING HILLS ESTATES ITS AVAILABLE PROPOSITION C TRANSPORTATION FUNDS, TRANSPORTATION DEVELOPMENT ACT (TDA) ARTICLE 3 FUNDS AND MEASURE R 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. Heidi Luce Deputy City Clerk Resolution No. 1094 -3-