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HomeMy WebLinkAboutRES 2002-53RESOLUTION NO. 2002- r a ' RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR, CALIFORNIA, AUTHORIZING AND APPROVING THE EXCHANGE OF CONGESTION MANAGEMENT PROGRAM (CMP) LOCAL IMPLEMENTATION CREDITS TO THE CITY OF MANHATTAN BEACH, CALIFORNIA 1 WHEREAS, the City of Diamond Bar wishes to transfer up to 713 of its uncommitted Congestion Management Program Local Implementation Credits to the City of Manhattan Beach. WHEREAS, the City of Manhattan Beach has offered to assign $35.00 per credit to the City of Diamond Bar; and WHEREAS, the City Council of the City of Diamond Bar has determined that the Congestion Management Program needs of the City can be adequately met notwithstanding the exchange of the City's credits for unrestricted funds; and follows: WHEREAS, the City Council of the City of Diamond Bar does hereby resolve as SECTION 1. The exchange of up to 713 of Congestion Management Program Local Implementation Credits with Manhattan Beach in exchange for the assignment .of $35.00 each is aut orized and approved. SECTION 2. The City Manager is authorized to execute, on behalf of the City, any required documents to effectuate this exchange. SECTION 3. The City Clerk shall certify to the adoption of this Resolution and send certified copies to the City of Manhattan Beach. PASSED, ADOPTED AND APPROVED this 16th day of July 2002. Wen Chang MAYOR 2002--53 I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Resolution was passed, adopted and approved at a regular meeting of the City Council of the City of Diamond Bar held on the 16th day of July, 2002, by the following vote: AYES: COUNCILMEMBERS: Huff, zirbes, MPT/O'Connor, M/Chang NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Herrera ABSTAIN: COUNCIL MEMBERS: None ATTEST: Lynda Burgess CITY CLERK OF THE CITY OF DIAMOND BAR 2 2002-53