1190 RESOLUT�ON NO. 1190
A RESOLUTION OF TI� CTTY COUNCIL OF 'IT� CIT'Y OF
ROLLING HR„LS, CALIFORNIA, APPROVING AN AGREEMENT BY
AND BETWEEN THE CITY OF ROLLING HILLS AND THE CFTY OF
RANCHO PALOS VERDES, AUTHORIZING AN EXCHANGE OF
PROPOSITION"A"TR.ANSPORTATION LOCAL RETURN FUNDS.
WHEREAS, fhe City of Rolling Hills has uncommitted Proposition "A" funds within its
reserve allocation in the arnount of$75,OOQ; and
WHEREAS, the City of Rancho Palos Verdes has transportation programs eligible to be
funded by P�roposition"A" funds; and
WHEREAS, both agencies agree that this exchange of funds would provide a benefit ta
both agencies; and
WHEREAS, both agencies agree that these projects/programs will be of benefit to the
nee�s of local transportatian services.
NOW, THEREFORE, BE IT RESOLVED BY THE CYTY COUNCIL OF THE CITY
OF ROLLING HILLS, AS FOLLOWS:
Section 1. The City Council approves an Agreernent for the exchange/acquisition of
Genera� 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 ar her representative is hereby authorized to affix her signature
to this Resolution, indicating its appraval.
Section 3. The City Manager is hereby directed and authoriz�d to execute any
necessary documents, includin.g, but not limited to agreements, amendments, forms, applications, etc., to
follow through with the exchange of funds.
5ect�on 4. The City Clerk, or duly appointed Deputy, is direc#ed to attest thereto.
PASSED, APPROVED, AND ADOPTED BY THE CITY COUNCIL OF THE CITY
OF ROLLING HILLS ON THIS 10�DAY OF OCTOBER, 2016.
W ,
Bea Dieringer
Mayor
ATTEST:
Heidi L�ce
City Clerk
Resolution No. 119Q -1-
STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES } SS
CITY OF ROLLING HILLS )
The foregoing Resolution No. 1190 entitled:
A RESOLUTYON OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS, CALIFORNIA,APPROVING AN AGREEMENT BY
AND BETWEEN THE CITY�F ROLLING HiLLS AND THE CITY OF
RANCHO PALOS VERDES, AUTHORIZING AN EXCHANGE OF
PROPOSITION"A"TRANSPORTATION LOCAL RETURN FUNDS.
was appraved and adopted at a regular rneeting of the City Council an Oc�ober 10, 2016, by the
following roll call vote:
AYES: Councilmernbers Black, Mirsch,Pieper,Wilson and Mayor Dieringer.
NOES: None.
ABSENT: None.
ABSTAIN: None.
:�� ,�
Heidi Luce
City Clerk
Resolution No. 119Q -2-
EXHIBIT A
PROP�S�TTON A ASSIGNMENT AGREEMENT
This Assignment Agreement is made and entered inta #his I��� day of
October, 2U16 by and between the City of RalIing Hi�ls and the City of itancho PaEos
Verdes,with respect to the following facts:
A. The City vf Rancho Palos Verdes in coordination with the Palos Verdes Peninsula
_ Trarzsit Aut�ority and the City of Rolling Hills Estates,pmpose.to expend the P�roposition
A Funds to im�arove th� quality and safety u� ancUor access to pub�ic transif services
alang Silver Spur Raad adjacent ta Peninsula High School and Promenade on the
Peninsula Mal�. The proposed imparovernents wi11 include t1�e fol�owung amenities:
* Consttuction of Bus Pads or conerete�andin�gs
• Construction o£Bus Shelters
• Installation of Bus benches
• Constr�ctian of ADA improvements
B�. The City of Roll�ing Hi�ls has an accumulation of uncommitted Ptoposition .A
Local Return fimds which cotild be made available to the City of Rancho Palos Verdes to
assisf in providing the services descri.bed in Paragaph A of this Agreement. The City of
Rolling Hi�ls is willing to assign urxcommitted Proposition A Loca1 Return funds to the
Cxty of Rancho Palos Verdes for the pwrpose ident�fied in Paragraph A.
Now, therefore, in considera#ion o�the mutt�a� benefits to be derived by
the parties and of the premises herein contained, it is mutually agreed as fo�lows:
�. Exchange. The City of Rolling Hil1s agrees to assign $75,U00 of its
uncommitted Prapasition A Local Return futxds to the City of Rancho Palos Verdes�in
Fiscal Year 2016/17. In retum, the City of Rancho Palos Verdes agrees to assign $56,250
(exchange rate: $1.00/$0.75} in General Funds to �he City of Rolxing Hills in Fisca� Year
— 2016/17.
2. Consideration. The'City of Ro3ling Hills shall assign the a�eed upon
Proposition A Local Return funds to the City uf Rancho Palos Verdes in one payment no
later than June 30, 201'1. T'he City of Rancho Palos Verdes shall assign #1�e agreed upan
General Funas to the Ci.ty of Rolling Hills in one payment no Iater than June 30, 2p 17.
3. Te;nm. This Agreement is effective on the date above written and �or
such time as is necessary far both parties to complete their mutual obligations under this
Ag�reement.
4. Termina�ion. Terminatian of this Agreernent rnay be made by either
parly before the date of approval af t�e project description covering the funds in question
by the Metropolitan Transportation Anthority, so long as writtera notice of intent to
terrninate is given to the other party at least five{5) days priar to the termination.
5. Notices. leTatices sha�l be given pursuant to this Agreernent by persanal
service on the party to be notified, or by written natice upon such party deposited in the
custody of the United Stat�s Postal Service addressed as follows:
Resolution No. 1�90 -3-
a. Raymond R. Cruz, City Manager
City of Rolling Hi�ls
2 Portuguese Bend Road
Rolling Hills, Califamia 90274
b. Dot�g Willmore, City Manager
City of Rancha Palos Verdes
30940 Hawtharne Blvd
Rancho PaXos Verdes, California 90275
b. Assurances
a. The City of Rancho Palos Verdes sha11 use the assigned Proposition A
Local Return Funds only far the purpase of providing the pro�ject discussed in Paragraph
A of�his Agreement and within the time limits specified ia�. Metropolitan Transportation
Autharity's Proposition A Local Return Program Guidelines.
b. Concurrently with the Execution of this Agreement, the City of Rancha
Palos Verdes sha11 provide the Metropolitan Transportation Autharity with the Standard
Assurances and Understandings Regarding R�ceipt of Use of Proposition A Funds
specified in the Guidelines regarding the use of the assigned Proposi�ion A Local Retum
Funds.
iN WiTNESS WHEREOF,-the parties hereto have caused this Assignment
Agreement to be executed by their respective officers, duly authorized, on the c�ay and
year written above.
CITY OF RANCH PALOS VERDES C�TY OF ROLLING HILLS
By: �J By: �
City Manager Ci Manager
A�iest:
� �
��.y CI�rk City Clerk
Approve3 as to Farm:
�
C� Attarney City Attorrie
Resolution No. i 190 -4-