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1237-ProC Funds.pdf RESOLUTION NO. 1237 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 WHEREAS, the City of Rolling Hills has a fund balance of approximately $65,000 in Proposition C Local Return 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; and WHEREAS, the City of Rolling Hills Estates has identified projects that qualify for funding with Proposition C Local Return 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 and resurfacing Palos Verdes Drive North from Rolling Hills Road/Portuguese Bend Road to Rolling Hills Estates' eastern limit (PVDN Resurfacing Project) since Palos Verdes Drive North is a major arterial serving the residents of the City of Rolling Hills. WHEREAS, at this time the City wishes to the allocate Proposition C Local Return Funds to another public agency 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 $65,000 in Proposition C Local Return Funds for PVDN Resurfacing Project. Section 2. The City Council approves an Agreement for the assignment of said funds. Said Agreement is hereto attached as Exhibit"A", and is made a part hereof by reference. Section 3. The City of Rolling Hills will submit its documentation for the Los Angeles Metropolitan Transportation Authoriry to allocate these funds to the City of Rolling Hills Estates for the appropriate eligible programs in the City. Section 4. 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 City of Rolling Hills Estates. Section 5. 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. Section 6. 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 13TH DAY OF MAY, 2019. , _���-�./�6/ .�". �.,-���,;:�'v.�''�� � � �n "� Leah Mirsch Mayor ATTEST: Cix� Cl -1- STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) §§ CITY OF ROLLING HILLS ) The foregoing Resolution No. 1237 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 was approved and adopted at a regular meeting of the City Council on May 13, 2019 by the following roll call vote: AYES: BLACK, DIERINGER, PIEPER, WILSON AND MAYOR MIRSCH NOES: ABSENT: ABSTAIN: City Clerk ---_-- -2- EXHIBIT A PROPOSITION C FUNDS ASSIGNMENT AGREEMENT This Assignment Agreement is made and entered into this 13 day of May, 2019 by and between the City of Rolling Hills and the City of Rolling Hills Estates, with respect to the following facts: A. The City of Rolling Hills Estates maintains the roadways and plans to resurface Palos Verdes Drive North from Rolling Hills Road/Portuguese Bend Road to Rolling Hills Estates' eastern limit, including installation of a segment of new water line along Palos Verdes Drive North(PVDN Resurfacing Project). B. The City of Rolling Hills has an accumulation of uncommitted Proposition C Local Return funds which could be made available to the City of Rolling Hills Estates to assist in providing the services described in Paragraph A of this Agreement. The City of Rolling Hills is willing to assign uncommitted Proposition C Local Return funds to the City of Rolling Hills Estates 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: l. Giftin�. The City of Rolling Hills agrees to assign $65,000 of its uncommitted Proposition C Local Return funds to the City of Rolling Hills Estates in Fiscal Year 2018/2019. 2. Consideration. The City of Rolling Hills shall assign the agreed upon Proposition C Local Return funds to the City of Rolling Hills Estates in one payment no later than July 10, 2019. 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. Elaine Jeng, City Manager City of Rolling Hills 2 Portuguese Bend Road Rolling Hills, California 90274 b. Greg Grammer, Assistant City Manager City of Rolling Hills Estates 4045 Palos Verdes Drive North Rolling Hills, California 90274 6. Assurances. a. The City of Rolling Hills Estates sha11 use the assigned Proposition C 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 -3- EXHIBIT A Metropolitan Transportation Authority's Proposition C Loca1 Return Guidelines. b. Concurrently with the Execution of this Agreement, the City of Rolling Hills Estates shall provide the Metropolitan Transportation Authority with the Standard Assurances and Understandings Regarding Receipt of Use of Proposition C Funds specified in the Guidelines regarding the use of the assigned Proposition C 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. CITY OF ROLLING HILL S ESTATES CITY OF ROLLI G HILLS , , � [�` r�, � ,,�-� � By: ,�' By: City Manager G� � Manager I' ATTEST ATTEST: ��R� ���`�� By:`_ F-. By: City Clerk � 'ity Clerk APPROVED AS TO�'ORM: �— �� 'd +, K ' B� / 'I • �' By �' r �y .—r� `°�'ity Attoi�tgey ' _� Attorney � ' 1� � -4-