CC RESOLUTION 4457RESOLUTION NO 4457
A RESOLUTION APPROVING THE EXCHANGE OF COMMUNITY DEVELOPMENT
BLOCK GRANT FUNDS (CDBG) FOR THE FISCAL YEAR 2005 -2006 BETWEEN THE
CITY OF EL SEGUNDO AND THE LOS ANGELES COUNTY COMMUNITY
DEVELOPMENT COMMISSION
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 December 20, 2005, to consider the
allocation of unused, unspent CDBG funds for the Fiscal Year (FY) 2005-
2006,
B The use of CDBG funds is strictly limited by law,
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,
D The City of El Segundo, a recipient of CDBG funds desires to exchange
$90,000 of its FY 2005 -2006 CDBG funds for $58,500 of General Funds
with the Los Angeles County Community Development Commission
(CDC)
SECTION 2 The exchange of FY 2005 -2006 CDBG funds between the City of El
Segundo and the Los Angeles County Community Development Commission (CDC) is
hereby approved
SECTION 3 In accordance with this Resolution, the City of El Segundo will exchange
$90,000 of its FY 2005 -2006 CDBG funds with the Los Angeles County Community
Development Commission (CDC) for $58,500 of General Funds,
SECTION 4• 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 adoption of this Resolution, record
this Resolution in the book of the City's original resolutions, and make a minute of the
adoption of the Resolution in the City Council's records and the minutes of this meeting
SECTION 6 This Resolution will become effective immediately upon adoption and will
remain effective unless repealed or superseded
SECTION 7 The City Clerk is directed to certify the adoption of this Resolution, record
this Resolution in the book of the City's original resolutions, and make a minute of the
adoption of the Resolution in the City Council's records and the minutes of this meeting
SECTION 8 This Resolution will become effective immediately upon adoption and will
remain effective unless repealed or superseded
PASSED AND ADOPTED this 21,
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Cindy Mortesen, City Clerk of the City of EI Segundo, California, hereby certify that
the whole number of members of the City Council of the City is five; that the foregoing
Resolution No _4457 was duly passed and adopted by said City Council,
approved and signed by the Mayor of said City, and attested to by the City Clerk of said
City, all at a regular meeting of said Council held on the 21St day of February, 2006, and
the same was so passed and adopted by the following roll call vote
AYES McDowell, Boulgarides, Busch, Jacobson
NOES None
ABSENT Gaines
ABSTAIN. None
ATTEST
Cindy Mottbsen,
City Clerk
APPROVED
Mark D He
i
By
K rl H. Berger
Assistant City,
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