HomeMy WebLinkAboutRES-92-5565 (FUND/PROP A/ EXCHANGE/W. HOLLYWOOD)1
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RESOLUTION 92-5565
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, AUTHORIZING THE TRANSFER OF $2009000 IN PROPOSITION A
TRANSIT FUNDS IN EXCHANGE FOR $106,000 IN GENERAL FUNDS FROM THE CITY
OF WEST HOLLYWOOD.
WHEREAS, the City has financed all of its current transit programs for the fiscal year 1992-
1993 and made the following findings:
A. The surplus funds to be transferred will be lost if not utilized within the allocated time.
B . The City of West Hollywood has agreed to exchange $106,000 in General funds for
$200,000 in Proposition A Transit funds from the City of Hermosa Beach.
C . The Los Angeles County Transportation Commission has granted permission for the
exchange of funds;
D. The proposed budget for 1992-1993 will not be in balance if this exchange is not
consummated;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hermosa
Beach, California:
1. The City Manager is authorized to execute an agreement with the City of West Hollywood
for the exchange of Proposition A transit funds, amounting to exactly $200,000 for
$106,000 in General funds from the City of West Hollywood.
2. The City Manager of Hermosa Beach is authorized to execute and file any other document
required by the Los Angeles County Transportation Commission.
3. The City Manager is authorized to furnish such additional information as the Los Angeles
Transportation Commission may require.
PASSED, APPROVED, AND ADOPTED this 30th day of June, 1992.
- PRESIDENT of the City Council and MAYOR of the City of Hermosa Beach, California
ATTEST: APPRO S TO FO
City Clerk City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF HERMOSA BEACH )
I, Naoma Valdes, Deputy City Clerk of the City
Council of the City of Hermosa Beach, California, do hereby
certify that the foregoing Resolution No. 92-5565 was duly and
regularly passed, approved and adopted by the City Council
of the City of Hermosa Beach at a Regular meeting of said
Council at the regular meeting place thereof on June 30,
1992.
The vote was as follows:
AYES: Benz, Wiemans, Mayor Essertier
NOES: None
ABSTAIN: None
ABSENT: Edgerton, Midstokke
.DATED! July 01, 1992
Deputy City Clerk