1174.pdfRESOLUTION NO. 1174
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 PALOS
VERDES PENINSULA TRANSIT AU'T'HORITY, 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 $75,000; and
WHEREAS, the Palos Verdes Peninsula Transit Authority has transportation programs
eligible to be funded by Proposition "A" funds; and
WHEREAS, both agencies agree that this exchange of funds would provide a benefit to
both agencies; and
WHEREAS, both agencies 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 Palos Verdes Peninsula Transit Authority. 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 13°i DAY OF APRIL, 2015.
ATTEST: 4a)
Heidi Luce
City Clerk
Resolution No. 1174 -1-
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES } SS
CITY OF ROLLING HILLS }
ne foregoing Resolution No. 1174 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 PALOS
VERDES PENINSULA TRANSIT AUTHORITY, AUTHORIZING AN
EXCHANGE OF PROPOSITION "A" TRANSPORTATION LOCAL.
RETURN FUNDS.
was approved and adopted at a regular meeting of the City Council on April 13, 2015, by the following
roll call vote:
AYES: Councilmembers Blanc, Mirsch, Wilson, Mayor Pro Tem Dieringer and Mayor Pieper.
NOES: None.
ABSENT: None.
ABSTAIN: None.
(JdtL w
Heidi Luce
City Clerk
Resolution No. 1174 -2-
PROPOSITION A ASSIGNMENT AGREEMENT
This Assignment Agreement is made and entered into this 13th day of
April, 2015 by and between the City of Rolling Hills and the Palos Verdes Peninsula
Transit Authority, with respect to the following facts:
A. The Palos Verdes Peninsula Transit Authority provides fixed route transit services
to serve residents on the Palos Verdes Peninsula and the Palos Verdes Peninsula Transit
Authority operates and maintains transit -related equipment.
B. The City of Rolling Hills has an accumulation of uncommitted Proposition A
Local Return funds which could be made available to the Palos Verdes Peninsula Transit
Authority to assist in providing the services described in Paragraph A of this Agreement.
The City of Rolling Hills is willing to assign uncommitted Proposition A Local Return
funds to the Palos Verdes Peninsula Transit Authority for the purpose identified in
Paragraph A.
Now, therefore, in consideration of the mutual benefits to be derived by
the parties and of the premises herein contained, it is mutually agreed as follows:
1. Exchange. The City of Rolling Hills agrees to assign $75,000 of its
uncommitted Proposition A Local Return funds to the Palos Verdes Peninsula Transit
Authority in Fiscal Year 2014115. In return, the Palos Verdes Peninsula Transit Authority
agrees to assign $56,250 (exchange rate: $1.001$.075) in General Funds to the City of
Rolling Hills in Fiscal Year 2014115.
2. Consideration. The City of Rolling Hills shall assign the agreed upon
Proposition A Local Return funds to the Palos Verdes Peninsula Transit Authority in one
payment no later than June 30, 2015. The Palos Verdes Peninsula Transit Authority shall
assign the agreed upon General Funds to the City of Rolling Hills in one payment no later
than June 30, 2015.
3. Term. This Agreement is effective on the date above written and for
such time as is necessary for both parties to complete their mutual obligations under this
Agreement.
4. Termination. Termination of this Agreement may be made by either
party before the date of approval of the project description covering the funds in question
by the Metropolitan Transportation Authority, so long as written notice of intent to
terminate is given to the other party at least five (5) days prior to the termination.
5. Notices. Notices shall be given pursuant to this Agreement by personal
service on the party to be notified, or by written notice upon such party deposited in the
custody of the United States Postal Service addressed as follows:
a. Raymond R. Cruz, City Manager
City of Rolling Hills
2 Portuguese Bend Road
Rolling Hills, California 90274
6e
b. Martin Gombert, Administrator
Palos Verdes Peninsula Transit Authority
38 Crest Road West
Rolling Hills, California 90274
6. Assurances
a. The Palos Verdes Peninsula Transit Authority shall use the assigned
Proposition A Local Return Funds only for the purpose of providing the project discussed
in Paragraph A of this Agreement and within the time limits specified in Metropolitan
Transportation Authority's Proposition A Local Return Program Guidelines.
b. Concurrently with the Execution of this Agreement, the Palos Verdes
Peninsula Transit Authority shall provide the Metropolitan Transportation Authority with
the Standard Assurances and Understandings Regarding Receipt of Use of Proposition A
Funds specified in the Guidelines regarding the use of the assigned Proposition A Local
Return Funds.
IN WITNESS WHEREOF, the parties hereto have caused this Assignment
Agreement to be executed by their respective officers, duly authorized, on the day and
year written above.
PALOS VERDES PENINSULA
TRANSIT AUTHORITY
By:
Administrator
Attest:
155
Office Manager/
Approved as to Form:
Attorney
-2-
CITY OF ROLLING HILLS
By: [2 -
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Manager
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City Clerk
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