City of Rolling Hills - FY2021-061 EXHIBIT A
PROPOSITION C FUNDS ASSIGNMENT AGREEMENT
This Assignment Agreement is made and entered into this 28 day of June, 2021 by and
between the City of Rolling Hills and the City of Rancho Palos Verdes, with respect to the
following facts
A The City of Rancho Palos Verdes maintains the roadways and plans to resurface Palos
Silver Spur Road from Drybank Drive to Hawthorne Blvd
B The City of Rolling Hills has an accumulation of uncommitted Proposition C Local Return
funds which could be made available to the City of Rancho Palos Verdes to assist in providing the
services descnbed in Paragraph A of this Agreement The City of Rolling Hills is willing to assign
uncommitted Proposition C Local Return funds to the City of Rancho Palos Verdes for the purpose
identified in Paragraph A
Now, therefore, in consideration of the mutual benefits to be denved by the parties and of
the premises herein contained, it is mutually agreed as follows
1 Gifting
The City of Rolling Hills agrees to assign$26,000 of its uncommitted Proposition C Local
Return funds to the City of Rancho Palos Verdes in Fiscal Year 2020-2021
2 Consideration
The City of Rolling Hills shall assign the agreed upon Proposition C Local Return funds to
the City of Rancho Palos Verdes in one payment no later than July 15, 2021
3 Term
This Agreement is effective on the date above written and for such time as is necessary for
both parties to complete their mutual obligations under this Agreement
4 Termination
Termination of this Agreement may be made by either party before the date of approval of
the project description covering the funds in question by the Metropolitan Transportation
Authority, so long as written notice of intent to terminate is given to the other party at least five
(5) days prior to the termination
5 Notices
Notices shall be given pursuant to this Agreement by personal service on the party to be
notified, or by written notice upon such party deposited m the custody of the United States Postal
Service addressed as follows
a Elaine Jeng, City Manager
City of Rolling Hills
Resolution No 1284 3
EXHIBIT A
2 Portuguese Bend Road
Rollmg Hills, California 90274
b Ara Michael Miluaman, City Manager
City of Rancho Palos Verdes
30940 Hawthorne Blvd
Rancho Palos Verdes, California 90275
6 Assurances
a The City of Rancho Palos Verdes shall use the assigned Proposition C Local
Return funds only for the purpose of providing the project discussed in
Paragraph A of this Agreement and within the time limits specified m
Metropolitan Transportation Authonty's Proposition C Local Return
Guidelines
b Concurrently with the Execution of this Agreement, the City of Rancho
Palos Verdes shall provide the Metropolitan Transportation Authonty with
the Standard Assurances and Understandings Regarding Receipt of Use of
Proposition C Funds specified in the Guidelines regarding the use of the
assigned Proposition C Local Return Funds
IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement to
be executed by their respective officers, duly authonzed, on the day and year written above
Resolution No 1284 4
EXHIBIT A
CITY OF RANCHO PALOS VERDES CITY OF ROLLING HILLS
By 4111111r .. � By i AL. 111 _
Ara c_ae ; : i an E . 8;Jng
City Manager 'ity ManagerIII
ATTEST ATTEST
By Byi t 1 I AntkINKLQ.
n Tak Janel :andoval •
City Clerk City Clerk
APPROVED AS TO FORM
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City Attorney Michael Jenkins
City Attorney
Resolution No 1284 5