HomeMy WebLinkAboutRES 97-62RESOLUTION NO. 97. 62
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR, CALIFORNIA,
AUTHORIZING AND APPROVING THE EXCHANGE OF PROPOSITION A (LOCAL RETURN TRANSIT
FUNDS) TO THE CITY OF TORRANCE, CALIFORNIA, FOR GENERAL FUNDS
WHEREAS, the City of Diamond Bar wishes to transfer $385,000 of its uncommitted Proposition A Local
Return Transit Funds to the City of Torrance 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 Torrance has offered to assign $250,250 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 $385,000 of Proposition A Local Return Funds in exchange for the
assignment of $250,250 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 Torrance.
PASSED, APPROVED AND ADOPTED on 19th day of Au t ,1997.
MAYdRy
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 19thday of August , 1997, by the following Roll Call vote:
AYES: COUNCILMEMBERS: Ansari, Werner, MPT/Herrera, M/Huff
NOES: COUNCILMEMBERS: Harmony
ABSENT: COUNCILMEMBERS: hone
ABSTAINED: COUNCILMEMBERS: None
LYND RGESS, City Clerk
City of Diamond Bar
97-62