CC RESOLUTION 4357RESOLUTION NO. 4357
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, APPROVING AN AGREEMENT BETWEEN THE CITY OF
EL SEGUNDO AND THE CITY OF SAN FERNANDO, REGARDING THE
EXCHANGE OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS
(CDBG) FOR THE FISCAL YEAR 2003 -2004
BE IT RESOLVED by the Council of the City of El Segundo as follows:
SECTION 1: The City Council finds as follows:
A. The City Council of the City of El Segundo conducted a public hearing,
pursuant to applicable law, on January 20, 2004, to consider the allocation
of CDBG funds for the Fiscal Year 2003 -2004; and
B. The use of CDBG funds is strictly limited by law; and
C. On August 20, 2002, the City of El Segundo executed a three -year
Cooperation Agreement with the County of Los Angeles concerning CDBG
funds for Fiscal Years 2003 -2004, 2004 -2005, and 2005 -2006; and
D. The City of El Segundo, a recipient of CDBG funds and desires to exchange
$97, 095 of its FY 2003 -2004 CDBG funds for $75,734 of General Funds.
SECTION 2: The attached Agreement No. 3297 between the City of El Segundo
and the City of San Fernando is hereby approved.
SECTION 3: In accordance with the attached Agreement No. 3297, the City of El
Segundo will exchange $97, 095 of its FY 2003 -2004 CDBG funds for $75,734 of
General Funds.
SECTION 4: The City Manager is authorized and directed to execute any and all
documents necessary to complete the exchange of funds on behalf of the City of
El Segundo.
SECTION 5: The City Clerk is directed to certify the passage and adoption of
this Resolution; enter same in the book of original Resolutions; and make a
Minute of its adoption in the City's records and in the Minutes of the meeting
when it was adopted.
1.
SECTION 6: This Resolution will become effective immediately upon adoption
and will remain effective unless repealed or superseded.
PASSED, APPROVED AND ADOPTED this 20th day of January 2004.
Mike Gordon, Mayor of the
City of El Segundo
ATTEST:
I, Cindy Mortesen, City Clerk of the City of El Segundo, California, do hereby
certify that the whole number of members of the City Council of said City is five;
that the foregoing Resolution No. 4357 was duly passed and adopted by said
City Council, approved and signed by the Mayor, and attested to by the City
Clerk, all at a regular meeting of said Council held on the 20th day of January
2004, and the same was so passed and adopted by the following vote:
AYES: Gordon, Jacobs, McDowell, and Wernick
NOES: None
ABSENT: Gaines
ABSTAIN: None
NOT PARTICIPATING: None
b&KW.V^—
Cindy I ortesen, City Clerk
2.
APPROV2 AORM:
Mark D. He e v Afton
M
Karl H.
Attorney