1124RESOLUTION NO. 1124
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS, CALIFORNIA, ASSIGNING TO THE CITY OF
ROLLING HILLS ESTATES AND CITY OF RANCHO PALOS
VERDES 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 $40,000 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 $40,000 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 City of Rolling Hills Estates and Rancho Palos Verdes have identified
projects that qualify for funding with Proposition C Local Return Funds, TDA Funds and Measure R
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, the City of Rolling Hills has the specific interest in improving the
intersection of Palos Verdes Drive North at Portuguese Bend Road/Rolling Hills Road; 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;
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 Rolling Hills
Estates its total accumulated balance of Proposition C Local Return Funds and Measure R Funds:
Section 2. The City of Rolling Hills hereby assigns to the City of Rancho Palos
Verdes and the City of 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 Rolling Hills
Estates $75,250 consisting of $40,000 in Proposition C Funds, $5,250 in TDA Funds and $30,000 in
Measure R Funds for intersection improvements, signal improvements, roadway resurfacing, bicycle
lanes and access ramps.
Section 4. The City of Rolling Hills hereby assigns to the City of Rancho Palos
Verdes $9,750 in TDA Funds for access ramps and residential road rehabilitation.
Section 5. The City of Rolling Hills will submit its documentation for the Los
Angeles Metropolitan Transportation Authority to allocate these funds to the City of Rolling Hills
Estates and City of Rancho Palos Verdes for the appropriate eligible programs in the City.
Section 6. The City Clerk shall certify to the adoption of this Resolution and shall
forward certified copies to the Los Angeles County Metropolitan Transportation Authority, the City of
Rolling Hills Estates and City of Rancho Palos Verdes.
Section 7. 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.
Resolution No. 1124 -1-
APPROVED AND ADOPTED this 13`h day of August, 2012.
s Black,
ATTEST:
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Heidi Luce
Deputy City Clerk
Resolution No. 1124 -2-
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS '
CITY OF ROLLING HILLS )
The foregoing Resolution No. 1124 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, TRANSPORTATION DEVELOPMENT
ACT (TDA) ARTICLE 3 FUNDS AND MEASURE R FUNDS.
was approved and adopted at a regular meeting of the City Council on August 13, 2012, by the
following roll call vote:
AYES: Councilmembers Heinsheimer, Hill, Pernell and Mayor Black.
NOES:
None.
ABSENT:
Councilmember Lay (excused).
ABSTAIN:
None.
Resolution No. 1124
-3-
*duuj
Heidi Luce
Deputy City Clerk