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1106RESOLUTION NO. 1106 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 RANCHO PALOS VERDES, REGARDING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS (CDBG) FOR FISCAL YEARS 2009-2012 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 May 23, 2011, to consider the City's unexpended allocation of CDBG funds for Fiscal Years 2009-12; WHEREAS, the use of CDBG funds is strictly limited by law; and WHEREAS, in. July 2008 the City's Cooperation Agreement with the County of Los Angeles concerning CDBG funds as a participating City was automatically extended to incorporate participation through FY 2011-12; and WHEREAS, the City of Rolling Hills, is a recipient of CDBG funds and desires to transfer $25,732 of its FY 2008-09, 2009-10, 2010-11 and 2011-12 CDBG funds to the City of Rancho Palos Verdes for the purpose of furthering Rancho Palos Verdes'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 Rancho Palos Verdes is hereby approved. Section 2. In accordance with the attached letter of Agreement, the City of Rolling Hills will transfer $25,732 of its FY 2009--12 CDBG funds to the City of Rancho Palos Verdes. 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 23rd DAY OF MAY 2011. B. ALLEN LAY, R ATTEST: HEIDI LUCE, DEPUTY CITY CLERK Resolution No. 1106 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) §§ CITY OF ROLLING HILLS ) I certify that the foregoing Resolution No. 1106 entitled: 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 RANCHO PALOS VERDES, REGARDING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS (CDBG) FOR FISCAL YEARS 2009-2012. was approved and adopted at a regular meeting of the City Council on May 23, 2011 by the following roll call vote: AYES: Councilmembers Heinsheimer, Hill, Pernell, Mayor Pro Tem Black and Mayor Lay. NOES: None. ABSENT: None. ABSTAIN: None. and in compliance with the laws of California was posted at the following: Administrative Offices q&dtyw) HEIDI LUCE DEPUTY CITY CLERK Resolution No. 1106 2 1 I --