Resolution - 8022RESOLUTION NO. 8022
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA,
• CALIFORNIA AUTHORIZING AND APPROVING THE EXCHANGE OF PROPOSI-
TION A LOCAL RETURN TRANSIT FUNDS TO THE LOS ANGELES COUNTY
TRANSPORTATION COMMISSION FOR REGIONAL FEDERAL -AID URBAN HIGH-
WAY FUNDS.
WHEREAS, the City of West Covina wishes to transfer $600,000 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 hasoffered to transfer $600,000 of Regional Federal -
Aid Urban funds to the City of West Covina, to fund local streets and roads
projects of regional significance;
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 appro-
priate projects in a timely manner, and needs the additional FAU funds for the
Azusa Avenue Resurfacing project.
NOW, THEREFORE, the City Council of West Covina does hereby resolve as
follows:
SECTION 1. The transfer of $600,000 of Proposition A Local Return
funds in exchange for the transfer of $600,000 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 reso-
lution and send certified copies to the Los Angeles County Transportation
Commission.
APPROVED AND ADOPTED this 27th day of April 19 87
Attest:
Mayor, City of West Coviri
City Clerk, City of W st Covina
• I HEREBY CERTIFY that the foregoing Resolution No. 8022
was duly adopted by the City Council of the City of West Covina, California,
at a regular meeting thereof held on the 27th day of April 1987,
by the following vote of the Council:
AYES: Councilmembers: Manners, Chappell, Shearer
• NOES: Councilmembers: None
ABSENT: Councilmembers: Tennant, Bacon
APPROVED AS TO FORM:
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City Attorney
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City'Clerk
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