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CC RESOLUTION 4645RESOLUTION NO. 4645 A RESOLUTION APPROVING THE EXCHANGE OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS (CDBG) FOR THE FISCAL YEAR 2010 -2011 BETWEEN THE CITY OF EL SEGUNDO AND THE CITY OF LA MIRADA 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 15, 2009, to consider the allocation of CDBG funds for the Fiscal Year (FY) 2010 -2011; B. The use of CDBG funds is strictly limited by law; C. The City of El Segundo has executed a three -year Cooperation Agreement with the County of Los Angeles concerning CDBG funds for Fiscal Years 2009 -2010, 2010 -2011, and 2011 -2012; D. The City of El Segundo, a recipient of CDBG funds desires to exchange $86,523.00 of its FY 2010 -2011 CDBG funds and $7,500.00 in prior year unallocated CDBG funds for $51,712.65 of General Funds with the City of La Mirada. SECTION 2: The exchange of FY 2010 -2011 CDBG funds between the City of EI Segundo and the City of La Mirada (CDC) is hereby approved. SECTION 3: In accordance with this Resolution, the City of El Segundo will exchange $86,523.00 of its FY 2010 -2011 CDBG funds and $7,500.00 in prior year unallocated CDBG funds for $51,712.65 of General Funds with the City of La Mirada. 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 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 SECTION 6: This Resolution will become effective immediately upon adoption and will remain effective unless repealed or superseded. PASSED AND ADOPTED this 16th day of February, 2010. Kelly McDowell, Mayor STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, Cindy Mortesen, City Clerk of the City of El Segundo, California, hereby certify that the whole number of members of the City Council of the City is five; that the foregoing Resolution No. 4645 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 16th day of February, 2010, and the same was so passed and adopted by the following roll call vote: AYES: Busch, Brann, Fisher, Jacobson NOES: None ABSENT: McDowell ABSTAIN: None ATTEST: 06 Cindy Wrtesen, ` City Clerk APPROVED AS TO FORM: Mark D. Hen , City Attorne By: Karl H. Berger Assistant City Attorney 2