HomeMy WebLinkAboutRES 91-12RESOLUTION NO. 91
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DIAMOND BAR, CALIFORNIA, AUTHORIZING AND APPROVING
THEFUNDS) FOR THE RCITYIOF COMMERCE GENERAL RETURN
EXCHANGE OF GENERALFU
TRANSIT
WHEREAS, the City of Diamond Bar wishes to transfer
$500,000 of its uncommitted Proposition A Local Return transit
funds to the City of Commerce for use in regional ridesharing; and
WHEREAS, the City of Commerce offered to transfer
$300,000 of their General funds to the City of Diamond Bar; and
WHEREAS, the City Council has determined that the transit
needs of the City can be adequately met if this fund trade is
approved; and
WHEREAS, the City plan 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 transfer of $500,000 of Proposition A
Local Return funds in exchange for the transfer of $300,000 of
General 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 the adoption of
this resolution and send certified copies to the City of Commerce.
PASSED, APPROVED, AND ADOPTED ON March 19^
1991.
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I, LYNDA BURGESS, City Clerk of the City of Diamond Bar,
do hereby certify that the following Resolution was passed,
adopted, and approved at a regular meeting of the City Council of
the City of Diamond Bar held on the 19th day of _ March ,
1991, by the following vote:
AYES: COUNCIL MEMBERS: Kim, Papen, Nardella,
NOES: COUNCIL MEMBERS:
Pro Tem Forbing and Mayor Werner
• • None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS None
LYNDA BURGESS, City Clerk
City of Diamond Bar
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