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CC RES 1976-039 RESOLUTION NO. 76-39 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES ACCEPTING ASSIGNMENT BY THE CITY OF ROLLING HILLS TO THE CITY OF RANCHO PALOS VERDES ONE-HALF OF THE THREE YEAR APPORTIONMENT OF FEDERAL AID URBAN FUNDS FOR THE FISCAL YEARS OF 1973-74 , 1974-75, AND 1975-76 • WHEREAS, the City of Rolling Hills has determined that one- half of the Three Year Apportionment of Federal Aid Urban Funds allocated to the City of Rolling Hills for the fiscal years of 1973-74 , 1974-75 and 1975-76 would benefit the City of Rolling Hills if the funds were assigned to the neighboring City of Rancho Palos Verdes, and has therefore requested a transfer of these funds to the City of Rancho Palos Verdes. NOW, THEREFORE , THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, CALIFORNIA, DOES RESOLVE AS FOLLOWS : SECTION 1. The City of Rancho Palos Verdes shall accept from the City of Rolling Hills one-half of the Three Year Apportionment of Federal Aid Urban Funds in the estimated amount of $12 ,300 . 00 allocated to the City of Rolling Hills for the fiscal years of 1973-74 , 1974-75 and 1975-76 , such funds to be applied toward the development of a left- hand turn pocket at the intersection of Palos Verdes Drive East and Eastfield Road. SECTION 2. The City Council requests that the Joint Cooperative Federal Aid Urban Committee indicate acceptance of this conveyance of funds at its earliest convenience. SECTION 3. The City Clerk is hereby directed to forward certified copies of this Resolution to the Joint Cooperative Federal Aid Urban Committee, California Department of Transportation, and to the Los Angeles County Road Commissioner. PASSED, APPROVED AND ADOPTED this 15th day of June , 1976 . it . , t-t-4•'` Mayor City of Rancho Palos Verdes ATTEST: . / 4-- • / tie i d 1 !]1q4 Ci C1-._ Ranc•j Pa •sr Ver ., s ie..' i III 1 I HEREBY CERTIFY that the foregoing is a true and correct copy of a resolution passed and adopted by the City Council of the City of Rancho Palos Verdes at a regular meeting thereof held on the 15th day of June, 1976. Ad_At ./ f 1 • IP i .i 1 / le fe'uty F •