HomeMy WebLinkAboutRES 2005-31RESOLUTION 2005-_U
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR
AUTHORIZING, APPROPRIATING, AND APPROVING THE SALE OF
$500,000 OF PROPOSITION A FUNDS (LOCAL RETURN TRANSIT
FUNDS) TO THE CITY OF COMMERCE FOR GENERAL FUNDS
WHEREAS, the City of Diamond Bar wishes to transfer $500,000 of its
uncommitted Proposition A Local Return Transit Funds to the City of Commerce to
provide ongoing operating funding and to improve the level, quality, safety, and/or
accessibility of transit services to the eneral public or to any group which requires
special transportation assistance; and
WHEREAS, the City of Com
Funds to the City of Diamond Bar; and
has offered to assign $375,000 in General
WHEREAS, the City Council of the City of Diamond Bar has determined that the
transit needs of the City can be adequa
WHEREAS, the City of Di
the City's capabilities in meeting the ge
NOW, THEREFORE, the City
resolve as follows:
SECTION 1. The exchange of
ly met if this fund exchange is approved; and
Bar plans to expend these funds to augment
rai public's needs and other City expenses.
incil of the City of Diamond Bar does hereby
000 of Proposition A Local Return Funds in
exchange for the assignment of $375,000 in General Funds is authorized and
approved.
SECTION 2. The City Manager is authorized to execute, on behalf of the City,
any required documents to effectuate this exchange of funds.
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SECTION 3. The City Clerk shall certify to the adoption of this Resolution and
send certified copies to the City of Comml rce.
PASSED, APPROVED AND ADOPTED t iis 21St day of June, 2005.
uen r. unang, mayor
ATTEST
Linda ,,. L wry, City Clerk
I, LINDA C. LOWRY, City Clerk of the Clity of Diamond Bar, do hereby certify that the
foregoing Resolution was passed, appro ed and adopted at a regular meeting of the
City Council of the City of Diamond Bar eld on the 21St day of June, 200554, by the
following vote:
AYES: COUNCIL ME BERS: Herrrera, Tanaka, Zirhe,,
KPT/O'Connor, /Chang
NOES: COUNCIL ME BERS: Ni one
ABSENT: COUNCIL MEMBERS: iioije
ABSTAINED: COUNCIL MEMBERS: None
KIDA C. LOWRY, CW Clerk
tY of Diamond Bar
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2005-31