HomeMy WebLinkAboutRES 90-12RESOLUTION NO. 90 - 12
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 LOS ANGELES COUNTY
TRANSPORTATION COMMISSION FOR REGIONAL
FEDERAL -AID URBAN HIGHWAY FUNDS.
WHEREAS, the City of Diamond Bar wishes to transfer
$500,000.00 of its uncommitted Proposition A Local Return transit
funds to the Los Angeles County Transportation Commission (LACTC)
for use in regional ridesharing; and
WHEREAS, the LACTC has offered to transfer
$500,000.00 of Regional Federal -Aid Urban funds to the City of
Diamond Bar, to fund local streets and roads projects of regional
significance; 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 plans to expend its local FAU
apportionments on appropriate projects in a timely manner, and
needs the additional FAU funds for this Pathfinder Road Bridge
Widening and Park -and -Ride Lot project.
NOW, THEREFORE, the City Council of the City of
Diamond Bar does hereby resolve as follows:
SECTION 1. The transfer of $500,000.00 of
Proposition A Local Return funds in exchange for the transfer of
$500,000.00 of Regional Federal -Aid Urban 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 Los
Angeles County Transportation Commission.
PASSED, APPROVED AND ADOPTED ON January 16 , 1990.
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MAYOR Pro Tem
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 16th day of January ,
1990, by the following vote:
AYES: COUNCIL MEMBERS: Forbing, Miller and
Mayor Pro Tem Horcher
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Werner and Mayor Papen
ABSTAINED: COUNCIL MEMBERS: None
ATTEST: - y
Ci ' C1erR "of
City of -Diamond Bar