HomeMy WebLinkAboutRES 2001-14RESOLUTION NO. 2001- 14
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF DIAMOND BAR, CALIFORNIA, AUTHORIZING AND APPROVING THE
EXCHANGE OF PROPOSITION A FUNDS (LOCAL RETURN TRANSIT FUNDS) TO
THE CITY OF COMMERCE, CALIFORNIA, FOR GENERAL FUNDS
WHEREAS, the City of Diamond Bar wishes to transfer $775,000 of its
uncommitted Proposition A Local Return Transit Funds to the City of Commerce to provide
for public transit purposes and to improve the level, quality, safety, and/or accessibility of
transit services to the general public or to any group which requires special transportation
assistance; and
WHEREAS, the City of Commerce has offered to assign $511,500 in General
Funds to the City of Diamond Bar; and
WHEREAS, the City Council of the City of Diamond Bar has determined that the
transit needs of the City can be adequately met if this fund exchange is approved; and
WHEREAS, the City of Diamond Bar plans to expend these funds to augment the
City's capabilities in meeting the general public's needs and other City expenses, including
the construction of the new Community/Senior Center; and
WHEREAS, the City Council of the City of Diamond Bar does hereby resolve as
follows:
SECTION 1. The exchange of $775,000 of Proposition A Local Return Funds
In exchange for the assignment of $511,500 in General Funds is authorized and approved.
SECTION 2. The Mayor is authorized to execute, on behalf of the City, any
required documents to effectuate this exchange of funds.
SECTION 3. The City Clerk shall certify to the adoption of this Resolution and
send certified copies to the City of Commerce.
PASSED, ADOPTED AND APPROVED this 20th da of February, 2001.
o rt S. Huff
MAYOR
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
2001--14
City Council of the City of Diamond Bar held on the 20th day of February 20, 2001, by
the following vote:
AYES: COUNCIL MEMBERS. Ansari, Chang, O'Connor, MPT/Herrera,
M/Huff
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
ATTEST:
Lyn a Burgess
CITY CLERK OF THE
CITY OF DIAMOND BAR
2001--14