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Resolution - 75RESOLUTION 1I0. RESOLUTION OF THE CITY COUNCIL OF, ThE CITY Of, WEST, OOVINA APPROVING MEXORANDUM OF AGREEMENT FOH ACCUMULATION OF THE 1/4 CENT GAS TAX ALLOCATED FOR STRS9TS OF FOR IMPORTANCE HNRZA°, a memorandum of agreement has been presented to be entered into Frith the State of California for accumulation of the 1/4 cent gas tax for the fiscal year 1946 allocated for streets of major importance other than State highways in the City of Feet Covina; and. WHEREAS, the city council has heard read said agreement In full and is familiar with the contents thereof; THEREFORE, be it resolved by the city council of the City of Feet Covina that, under the provisions of Section CCU of the Streets and highways Cade, the 1/4 oent gas tax allocated For streets of major importance ether than State highways be accumulated for future expenditure, and that said agreement be and the same to ,Hereby approved, and the mayor and the o ty clerk are directed, to sign the same on be- half of said city, said. agreement to be binding upon the city upon its exeoution by tJ a authorized officials of the State. ADOPTED this 8 �day of , 1945. Mayop of the City of Woot Covina Attest: I hereby certify that the foregoing resolution was duly d regularly passed by the pity council. of the City of West Covina at are lar meeting _ _ _ , 19. ACCUMULATION AGR` ENT a 1946 FISCAL XUR MUORANDUU, OF AGREEMENT entered into by and between than City of West Covina, hereinafter referred to as the city, and the Department of Public Works of the State of California, hereinafter referred to as the department, WITNE SEi' , HATO WHEREAS, in accordance vi.th. than provi- sions of Section 194 and Section 195 of the Streete and High- ways Gode, the department shall expend or cause to be expended within the cities of this State from the State filghway Fund an amount equal to the net revenue derived from one -quarter cent per gallon of tax on motor vehicle fuel, upon streets of major 1mpo.rt -oo other than State highways ,as are agreed upon by the department and the legislative body of the city, in the proportion that the total population of each city burs to the total population of all cities In this State; and WHMA9, under the provisions of Section 200 of the Streets and. highways Cade the city desires to authorize the accumulation of funds accruing from the one --quarter cent per gallon of talc on motor vehicle fuel allocated under the pro- visions of Section 194 and Section 195 of the 05treets and Highwvs Codas for expenditure in, the city upon streets of major importance other than State highways for than fiscal ya-ar ending June 30, 1946; -1- WC THEREFORE0 It ia mutually agreed that the depart- ment will accumulate and hold for future expenditure within the city, or until such time as the city submit$ a budget in aceordanoe with the provisions of Section 197 of the Streets and. Highways Codes all funds accruing from the one -quarter cent gas tax allocation for streets of major importance dur- ing the fiscal year ending June 30, 1946. IN WITNESS WMHE0Fv the pairties hereunto have, affixl their signatures and official raealso the city on the 6 day of 1945, and the department on the day Of 19450 Approval recommended: CITY OF WEST COVINA District Engineer Engineer of City and Cooperative Projeets Approved as to form and procedure: Chief Attorney Hy Mayor V1 "r 47ATE OF CALIFORNIA DWARTMENT OF PUBLIC WORKS DIVIKON OF HIGHWAYS By Principal As I sistant Engineer igt: of -2-