HomeMy WebLinkAboutRES 92-63RESOLUTION NO. 92 - 63
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 PASADENA, CALIFORNIA,
FOR UNENCUMBERED 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 Pasadena to provide for public transit purposes and to
improve the level, quality, safety, and/or accessibility of transit
serviDes to the general public or to any group which requires
special transportation assistance; and
WHEREAS, the City of Pasadena has offered to assign $300,000
in unencumbered 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
WHERF-W, thR City of Diamond Bar plans to expend these funds
to augment the City's capabilities in meeting the general public's
needs and ath-r. City expenses.
NOW, THEREFORE, the City Council of the City of Diamond Bar
does hereby resolve as follows:
SECTION 1. The exchange of $500,000 of Proposition A Local
Return Funds in exchange for the assignment of $300,000 in
unencumbered 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.
SECTION 3. The City Clerk shall certify to the adoption of
this Resolution and send certified copies to the City of Pasadena.
PASSED, APPROVED AND ADOPTED on November 17. , 1992.
21 A�1� - -
MAYCFR PRO TEM
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 _11± day of November , 199,, by the
following Roll Call vote:
AYES: COUNCILMEMBERS - Werner, Forbing, Miller
and Mayor Pro Tem Papen
NOES: COUNCILMEMBERS - None
ABSENT: COUNCILMEMBERS - Mayor Kim
ABSTAINED: COUNCILMEMBERS - None
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City of -Di &mond Bar