CC RES 1974-029RESOLUTION NO. 74 -29
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES ENDORSING THE METHOD OF ESTAB-
LISHING A PRIORITY LIST OF EXPENDITURES AND THE
DISTRIBUTION OF FUNDS FROM THE STATE BEACH, PARK,
HISTORICAL AND RECREATIONAL FACILITIES BOND ACT
OF 1974
WHEREAS, AB 392, approved by the Governor of the State of California on
August 15 1972, created the "State Beach, Park, Recreational and Historical
Facilities Bond Act of 1974"; and
WHEREAS, The State of California will place said Act on the June 4, 1974
ballot as Proposition 1; and
WHEREAS, Passage of Proposition 1 will create a $250 million bond fund
for the acquisition and development of beaches, parks, historical, and
recreational facilities; and
WHEREAS, Approximately $27 million of these funds will be made available
to the County of Los Angeles for eligible cities and districts within the
County, for the development of high priority local government projects; and
WHEREAS, Section 5096.86 of the Act requires that each County shall submit,
prior to June 30, 1975, a priority plan of expenditures of County allocation; and
WHEREAS, All eligible cities and districts are required to convene to
establish this priority plan of expenditures; and
WHEREAS, All eligible cities and districts were invited to a meeting on
January 9, 1974 where a plan was adopted; and
WHEREAS, Said plan must be approved by 500 of the jurisdiction represent-
ing 500 of the population and the Los Angeles County Board of Supervisors; and
WHEREAS, Each County must, by resolution, certify that the provisions of
Section 5096.86 have been complied with:
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
Rancho Palos Verdes hereby approves the proposed method of distribution of funds
and establishment of a priority list of expenditures as adopted on January 9,
1974.
APPROVED AND ADOPTED this 19th day of March, 1974.
MAYOR
LEONARD G. WOOD, City Clerk and
Ex Officio Clerk of the Council
By
Deputy