CC RESOLUTION 4771RESOLUTION NO. 4771
A RESOLUTION APPROVING THE EXCHANGE OF COMMUNITY DEVELOPMENT
BLOCK GRANT FUNDS (CDBG) FOR THE FISCAL YEAR 2012 -2013 BETWEEN THE
CITY OF EL SEGUNDO AND THE CITY OF SAN FERNANDO
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, 2011, to consider the
allocation of CDBG funds for the Fiscal Year (FY) 2012 -2013;
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 2010 -2011, 2011 -2012, and 2012 -2013; and
D. The City of El Segundo, a recipient of CDBG funds desires to exchange
$61,725.00 of its FY 2012 -2013 CDBG funds for $43,824.75 of General
Funds with the City of San Fernando.
SECTION 2: The exchange of FY 2012 -2013 CDBG funds between the City of El
Segundo and the City of San Fernando (CDC) is hereby approved.
SECTION 3: In accordance with this Resolution, the City of El Segundo will exchange
$61,725.00 of its FY 2012 -2013 CDBG funds for $43,824.75 of General Funds with the
City of San Fernando.
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.
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SECTION 6: This Resolution will become effective immediately upon adoption and will
remain effective unless repealed or superseded.
PASSED AND ADOPTED this 21st day of February, 2012.
Eric Busch,
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. 4771 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 21 st day of February, 2012, and
the same was so passed and adopted by the following roll call vote:
AYES: Busch, Fisher, Brann, Fuentes, Jacobson
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
dL�rn�
Cindy Mortken,
City Clerk
APPROVED AS TO FORM:
Mark D. er}�ley, City Attorney
By: i
Karl . Berger
Assistant City Attorney
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