HomeMy WebLinkAboutRES-94-5681 (FUND APPLICATION/PROP A/CITY OF W. HOLLYWOOD EXCHANGE)I
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RESOLUTION NO. 94- 56a1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, AUTHORIZING THE TRANSFER OF $170,000 IN PROPOSITION A
TRANSIT FUNDS IN EXCHANGE FOR $102,000 IN GENERAL FUNDS FROM THE CITY
OF WEST HOLLYWOOD.
WHEREAS, the City has financed all of its current transit programs for the fiscal year
1993-1994 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 $102,000 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 has granted permission
for the exchange of funds; and
D. The proposed budget for 1993-1994 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, the following:
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 $102,000 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 Metropolitan Transportation Authority.
3. The City Manager is authorized to furnish such additional information as the Los Angeles
County Metropolitan Transportati uthority may require.
PASSED, APPROVED OPTED this 10th of May, 1994.
PRESIDENT City Council and YOR f the City of Hermosa Beach,
California
AT ST: APPROVED AS TO FORM:
City Clerk City Attorney
Page 1
\4400,
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. 94-5681 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 May 10, 1994.
The vote was as follows:
.AYES: Benz, Bowler, Oakes, Reviczky, Mayor Edgerton
NOES e' _ . None
ABSTAIN: None
ABSENT: None
DATED: May 11, 1994
Deputy City Clerk
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