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
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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 .
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Mayor
City of Rancho Palos Verdes
ATTEST: .
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Ci C1-._ Ranc•j Pa •sr Ver ., s ie..'
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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.
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