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CC RES 1977-029 RESOLUTION NO. 77- 29 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES ESTABLISHING THAT THE UNDERGROUNDING OF OVERHEAD LINES ALONG A PORTION OF THE COMMON BOUNDARY OF PALOS VERDES ESTATES AND RANCHO PALOS VERDES IS OF BENEFIT TO THE CITY OF RANCHO PALOS VERDES AND AUTHORIZING THE SOUTHERN CALIFORNIA EDISON COMPANY TO DEDUCT ONE-HALF OF THE COST OF THE PROJECT FROM THE 11/ CITY'S ALLOCATION THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The City Council of the City of Rancho Palos Verdes has approved the undergrounding of overhead lines at the common boundary of the City of Palos Verdes Estates and the City of Rancho Palos Verdes from Palos Verdes Drive West to Via Victoria. SECTION 2. The City Council of the City of Rancho Palos Verdes here- by determines that the undergrounding of the overhead lines at the common boundary of Palos Verdes Estates and Rancho Palos Verdes from Palos Verdes Drive West to Via Victoria is of mutual benefit to the City of Rancho Palos Verdes, and does hereby authorize the Southern California Edison Company to deduct one-half of the project cost from the accumulated allocations of the City of Rancho Palos Verdes made pursuant to Rule No. 20-A of Southern California Edison Company. SECTION 3. The City Clerk is directed to furnish a certified copy of this Resolution to the City of Palos Verdes Estates and to Southern California Edison Company. PASSED, APPROVED AND ADOPTED this 3rd day of May , 1977. AYES: COUNCILMEMBER: SHAW, DYDA, BUERK, RYAN NOES: COUNCILMEMBER: NONE ABSENT: COUNCILMEMBER: RUTH i MAYOR AI, ATTEST: LEONARD G. WOOD, City Clerk and Ex Officio Clerk of the Council BY: if IA) / .I . 1iP:[t.:/ D`p 4 y ' erk AO I HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 77- 29 passed and adopted by the City Council of the City of Rancho Palos Verdes at a meeting thereof held the 3rd day of May , 1977. LEONARD G. WOOD, City Clerk and Ex Officio Clerk of the Council J — , -- BY: /AO , OP".L A0 A4k. /0 I