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r , <br /> 1 • <br /> . ,1 <br /> � • <br /> JOINT POWERS AGREEMENT BY AND AMONG THE <br /> CITIES OF RANCHO PALOS VERDES, PALOS VERDES <br /> ESTATES AND ROLLING HILLS ESTATES, CREATING A <br /> PALOS VERDES PENINSULA TRANSIT AUTHORITY <br /> THIS AGREEMENT is executed as of May 5 , 1992 , <br /> by and among the Cities of Rancho Palos Verdes, Palos Verdes <br /> Estates and Rolling Hills Estates, each of which is a municipal <br /> corporation of the State of California. <br /> WITNESSETH: <br /> WHEREAS, the Cities of Palos Verdes Estates, Rolling <br /> Hills Estates and Rancho Palos Verdes desire to form a Joint <br /> Powers Authority ("Authority") pursuant to a Joint Powers <br /> Agreement ("Agreement") to provide public transit on the Palos <br /> Verdes Peninsula; and <br /> WHEREAS, the parties to this Agreement have a mutual <br /> interest in providing public transit to serve citizens of the <br /> member agencies; and <br /> WHEREAS, the Authority contemplates receiving <br /> Proposition A funds through the Los Angeles County Transportation <br /> Commission and funds from all other legally available sources to <br /> support public transit programs provided under this Agreement; <br /> and <br /> 920127 jiw 1840263 (6) <br />