HomeMy WebLinkAboutRES-95-5760 (FUND/PROP A/EXCHANGE W/ WEST HOLLYWOOD)rAw
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RESOLUTION NO. 95- 5760
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
AUTHORIZING THE TRANSFER OF $1709000 IN PROPOSITION A TRANSIT FUNDS
IN EXCHANGE FOR $103,700 IN GENERAL FUNDS FROM
THE CITY OF WEST HOLLYWOOD
WHEREAS, the City has financed all of its current transit programs for the fiscal year
1994-95 and made the following findings:
A. The surplus funds to be transferred will be lost if not utilized within the allocated time; and
B. The City of West Hollywood has agreed to exchange $103,700 in General funds for
$170,000 in Proposition A Transit Funds from the City of Hermosa Beach; and
C. The Los Angeles County Metropolitan Transportation Authority will grant permission for
the exchange of funds,
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Hermosa
Beach, California, the following:
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 $170,000 for $103,700 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 Metropolitan Transportation Authority.
3. The City Manager is authorized to furnish such additional information as the Los Angeles
County Metropolitan Transportation Authority may rSguire.
PASSED,
WE
ST:
OPTFM the 25th day of July, 1995
of the City d MAYOR of the City of Hermosa Beach, California
City Clerk
VED AS\TO FORM
City Attorney
ASSIGNMENT AGREEMENT
This Assignment Agreement is made and entered into this 15th day of May, 1995, by and
between the City of Hermosa Beach, California and the City of West Hollywood, California with
respect to the following facts:
A. The City of West Hollywood provides a community shuttle and taxi jitney service to serve
people with disabilities and the general public. Given the grave traffic congestion and parking
problems of the City, West Hollywood is committed to reducing auto dependency by providing
alternative modes of transportation. Adequate Proposition A Local Return funding for transit
services are not available given the limited amount of West Hollywood's Local Return allocation
and the needs of other priority transit projects in the City.
B. The City of Hermosa Beach has uncommitted Fiscal Year 94 Proposition A Local Return
funds which could be made available to West Hollywood to assist in providing the services
discussed in Paragraph A of this Agreement. In exchange for the assignment by West
Hollywood of the amount of its general funds indicated in Section 1 below, the City of Hermosa
Beach is willing to assign uncommitted Proposition A Local Return funds to West Hollywood
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 City of Hermosa Beach agrees to assign $170,000 of its Fiscal Year 94 Proposition
A Local Return funds to West Hollywood. In return, West Hollywood agrees to assign $103,700
of its general funds to the City of Hermosa Beach.
2. Consideration The City of Hermosa Beach shall assign the agreed upon Proposition A Local
Return funds to West Hollywood in one lump sum payment. West Hollywood shall assign the
agreed upon general funds to the City of Hermosa Beach in one lump payment. The lump sum
payments shall be due and payable within ten (10) days of execution of this Agreement.
3. Teem 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 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. Notice 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:
O:\.0 XIVROf_ANAGUEDW
A. Stephen R. Burrell
City Manager
1315 Valley Drive
Hermosa Beach, CA 90254
B. Paul Brotzman,
City Manager
8300 Santa Monica Blvd.
West Hollywood, CA 90069
A. West Hollywood shall use the assigned Proposition A Local Return funds only for the
purpose of providing the services discussed in Paragraph A of this Agreement and within the
time limits specified in LACMTA's Proposition A Local Return Program Guidelines.
B. Concurrently with the execution of this Agreement, West Hollywood shall provide
LACMTA with the Standard Assurances and Understandings Regarding Receipt and Use of
Proposition A funds specified in the Guidelines regarding the use of the assigned Proposition A
Local Return funds.
a%.AUXT O? A%AGUXDW
`,,. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their respective officers, duly authorized, by the CITY OF WEST HOLLYWOOD on
, 1994 and by the CITY OF HERMOSA BEACH on o 7 - W - qr , 1994.
ATTEST:
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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. 95-5760 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 place thereof on July 25, 1995.
The vote was as follows:
AYES:
Benz, Edgerton, Oakes, Reviczky, Mayor Bowler
NOES:
None
ABSTAIN:
None
ABSENT:
None
DATED: July 31, 1995
L a'—L-5 --�
Deputy City Clerk