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CC RES 2010-089 RESOLUTION NO. 2010-89 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, CALIFORNIA, ASSERTING AN ONGOING COMMITMENT TO RECEIVING AND UTILIZING PROPOSITION A AND PROPOSITION C FUNDS AS REQUIRED AND DIRECTING AND AUTHORIZING SPECIFIED STAFF MEMBERS TO EXECUTE ANY DOCUMENTS THEREFOR. WHEREAS, for many years, the City of Rancho Palos Verdes ("City") has utilized Proposition A and Proposition C funds for programs eligible to be funded accordingly; and WHEREAS, the City has provided the paperwork required by the Los Angeles County Metropolitan Transportation Authority ("Metro") to acquire such Proposition A and Proposition C funds, including assurances and understandings; and WHEREAS, the City would like to reassert its ongoing commitments and enable staff to provide all assurances and understandings or other required documentation in this regard to Metro. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AS FOLLOWS: Section 1. The City Council of Rancho Palos Verdes asserts the City's ongoing commitment to receiving and utilizing the Proposition A and Proposition C funds as required, and to providing Metro with all required assurances and understandings or other documentation therefor. Section 2. The City Council of Rancho Palos Verdes directs and authorizes the City Manager, Deputy City Manager, or Director of Public Works to execute on behalf of the City any documents required by Metro in connection with the City's receipt and use of Proposition A and Proposition C funds. PASSED, APPROVED, AND ADOPTED on October 5, 2010. MI ,/t# ' ayor ATTEST: c f gs; —74-Witk City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES )ss CITY OF RANCHO PALOS VERDES ) I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2010-89 was duly and regularly passed and adopted by the said City Council at a regular meeting held on October 5, 2010. City Clerk R6876-0001\1288590v1.doc