HomeMy WebLinkAboutRES 2011-33- RESOLUTION 2011-33
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND
BAR AUTHORIZING AND APPROVING THE SALE OF $209,000 OF
PROPOSITION A FUNDS (LOCAL RETURN TRANSIT FUNDS) TO THE
CITY OF WEST HOLLYWOOD
WHEREAS, the City of Diamond Bar wishes to transfer $209,000 of its
uncommitted Proposition A Local Return Transit Funds to the City of West Hollywood to
provide ongoing operating funding and to improve the level, quality, safety, and/or
accessibility of transit services to the general public or to any group which requires
special transportation assistance; and
WHEREAS, the City of West Hollywood has offered to assign $152,570 in
General Funds to be deposited into the City of Diamond Bar's Traffic Improvement
Fund; 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
WHEREAS, the City of Diamond Bar plans to expend these funds to augment the
City's capabilities in providing traffic related improvements.
NOW, THEREFORE, the City Council of the City of Diamond Bar does hereby
resolve as follows:
SECTION 1. The exchange of $209,000 of Proposition A Local Return Funds in
exchange for the assignment of $152,570 in General Funds to be deposited into the
Traffic Improvement Fund ($31,570) and CIP Fund ($121,000) 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.
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SECTION 3. The City Clerk shall certify to the adoption of this Resolution and
send certified copies to the City of West Hollywood.
PASSED, APPROVED AND ADOPTED this 5th of July, 2011.
Mayor teve Tye
I, TOMMYE CRIBBINS, 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 the 5th day of July, 2011, by the
following vote:
AYES: COUNCIL MEMBERS: Herrera, Tanaka,
MPT/Chang, M/Tye
NOES: COUNCIL MEMBERS: None -
ABSENT: COUNCIL MEMBERS: Everett
ABSTAINED: COUNCIL MEMBERS: None
TOMMY CRIBBINS, City Clerk
City of Diamond Bar
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