HomeMy WebLinkAboutRES 91-21RESOLUTION NO. 91 - 21
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) FOR THE CITY OF SANTA CLARITA GENERAL FUNDS
WHEREAS, the City of Diamond Bar wishes to transfer $600, 00 of
its uncommitted Proposition A Local Return transit funds to the
City of Santa Clarita for use in regional ridesharing; and
WHEREAS, the City of Santa Clarita offered to transfer
$390,000 of their 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 trade 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 transfer of $600,000 of Proposition A Local
Return Funds in exchange for the transfer of $390,000 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 to the adoption of
this Resolution and send certified copies to the City of Santa
Clarita.
PASSED, APPROVED AND ADOPTED on April 16 , 1991.
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 16±h day of
—AnY' , 1991, by the
following Roll Call vote:
AYES: COUNCILMEMBERS - Werner, Nardella, Papen,
NOES• Mayor Pro Tem Kim and Mayor Forbing
• COUNCILMEMBERS - None
ABSENT: COUNCILMEMBERS - None
ABSTAINED: COUNCILMEMBERS - None
*LA BURGESS,4�ty Clerk
City of Diamond Bar