HomeMy WebLinkAboutRES 99-56RESOLUTION NO. 99-56
A 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
SANTA CLARITA, CALIFORNIA, FOR GENERAL FUNDS
WHEREAS, the City of Diamond Bar wishes to transfer $300,000 of its uncommitted
Proposition A Local Return Transit Funds to the City of Santa Clarita 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 Santa Clarita has offered to assign $213,000 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.
NOW, THEREFORE, the City Council of the City of Diamond Bar does hereby resolve
as follows:
SECTION 1. The exchange of $300,000 of Proposition A Local Return Funds in
exchange for the assignment of $213,000 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 Santa Clarita.
PASSED, APPROVED AND ADOPTED on 6th day of July , 1999.
LA C�._
Mayor
I, Lynda Burgess, City Clerk of the City of Diamond Bar, do hereby certify that the
foregoing Resolution was passed, approved and adopted at a regular meeting of the City Council
of the City of Diamond Bar held on 6th day of July , 1999, by the following vote:
AYES: COUNCIL MEMBERS: Ansari, Herrera, Huff,
MPT/O'Connor, M/Chang
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: None
Lynda Burgess, City Clerk
City of Diamond Bar
99-56