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HomeMy WebLinkAboutResolution No. 2907 II RESOLUTION NO. 2907 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY ENDORSING THE METHOD OF ESTABLISHING A PRIORITY LIST OF EXPENDITURES AND THE DISTRIBUTION OF FUNDS FROM THE STATE BEACH, PARK, HISTORICAL AND RECREATIONAL FACILITIES BOND ACT OF 1974 THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS: WHEREAS, AB 392, approved by the Governor of the state of California on August 15, 1972, created the "State Beach, Park, Recreational and Historical Facilities Bond Act of 1974 "; and WHEREAS, The State of California will place said Act on the June 4, 1974 ballot as Proposition 1; and WHEREAS, Passage of Proposition 1 will create a $250 million bond fund for the acquisition and development of beaches, parks, historical, and recreational facilities; and WHEREAS, Approximately $27 million of these funds will be made available to the County of Los Angeles for eligible cities and districts within the County, for the development of high priority local government projects; and WHEREAS, Section 5096.86 of the Act requires that each County shall submit, prior to June 30, 1975, a priority plan of expenditures of County allocation; and WHEREAS, All eligible cities and districts are required to convene to establish this priority plan of expenditures; and WHEREAS, All eligible cities and districts were invited to a meeting on January 9, 1974 where a plan -,as adopted; and WHEREAS, Said plan must be approved by 50% of the jurisdiction representing 50% of the population and the Los Angeles County Board of Supervisors; and WHEREAS, Each County must, by resolution, certify that the Provisions of Section 5096.86 have been complied with: NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Downey hereby approves the proposed method of distribution of funds and establishment of a priority list of expenditures as adopted on January 9, 1974. APPROVED AND ADOPTED this 26th day of February, 1974 // / Ric.ard M. Jen6' gs, Mayor ATTEST: 4`' fi Ci1`y Clerk ` I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Downey at a regular meeting thereof held on the 26th day of February, 1974 by the following vote to wit: AYES: 5 Councilmen: Temple, DiLoreto, Winton, Morton, Jennings NOES: 0 Councilmen: None ABSENT: 0 Councilmen: None City Clerk