HomeMy WebLinkAboutResolution No. 5293 RESOLUTION NO. 5293
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DOWNEY 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 Downey wishes to transfer $436,000.00 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 $436,000.00 of Regional
Federal -Aid Urban funds to the City of Downey, 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 the Woodruff Avenue project from Everest Avenue and Foster Road and the
Bellflower Boulevard project between Imperial Highway and Foster Road.
NOW, THEREFORE, the City Council of the City of Downey does hereby
resolve as follows:
SECTION 1. The transfer of $436,000.00 of Proposition A Local Return
funds in exchange for the transfer of $436,000.00 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 to the adoption of
this resolution and send certified copies to the Los Angeles County
Transportation Commission.
APPROVED AND ADOPTED THIS 22nd day of May , 1990.
yor
i:i d i 7
Randall R. Barb
ATTEST:
City 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
the 22nd day of May , 1990, by the following vote, to wit:
I
AYES: 5 Council Members: HAYDEN, PAUL, CORMACK, BOGGS, BARB
NOES: 0 Council Members: NONE
ABSENT: 0 Council Members: NONE I
x t - , 'y .r 1 / (,?st,, _ <_ i
City Clerk