HomeMy WebLinkAboutRES 90-33RESOLUTION NO. 90 - 33
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DIAMOND BAR, CALIFORNIA, AUTHORISING 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 $546,957
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 $546,957 of
Regional Federal -Aid Urban funds to the City of Diamond Bar, to
fund local streets and roads projects of regional significance;
WHEREAS, the City plans to expend its local FAU
apportionments on appropriate projects in a timely manner, and
needs the additional FAU funds for the Pathfinder Road project.
NOW, THEREFORE, the City Council of the City of Diamond Bar
does hereby resolve as follows:
SECTION 1. the transfer of $546,957 of Proposition A Local
Return funds in exchange for the transfer of $546,957 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 this 20th day of
March , 1990.
o
I, LYNDA BURGESS, City Clerk of the City of Diamond Bar do
hereby certify that the foregoing Resolution was adopted at a
regular meeting of the City Council of the City of Diamond Bar
held on the 20th day of March , 1990, by the following
vote:
AYES: COUNCIL MEMBERS: Forbing, Horcher, Miller
Mayor Pro Tem Werner and Mayor Papen
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: None
ty Clerk of-
City
f City of Diamoffd--Bar - _ _