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CONTRACT 3297 Othero� 1N F / O Tlo Historic isionary February 2, 2004 Cathy Domann, Deputy City Clerk City of El Segundo 350 Main Street El Segundo, CA 90245 Dear Ms. Domann: Enclosed please find a fully executed agreement between the City of El Segundo and the City of San Fernando for the exchange of El Segundo's FY 2003 -2004 unallocated Community Development Block Grant (CDBG) funds. Also included is a certified copy of the City of San Fernando's resolution authorizing the City Administrator to execute this agreement. It is my understanding that you will be forwarding the enclosed documents to the Los Angeles County Community Development Commission prior to February 18, 2004, in order to give the Board of Supervisors sufficient time to approve the exchange before the drawdown requirement deadline of March 31, 2004. If you have any questions, please do not hesitate to contact me at (818) 898 -1201. Sincerely, Laura Valdivia Administrative Secretary Encl. c: Josh Pulido, City Administrator Paul Deibel, Community Development Director Elena Chavez, City Clerk Mary Strenn, City Manager, City of El Segundo James Hansen, Director, CEDS, City of El Segundo Tina Gall, CDBG Consultant, City of El Segundo Raymond White, Budget Analyst, Los Angeles County CDC CITY ADMINISTRATION 117 MACNEIL STREET SAN FERNANDO, CALIFORNIA 91340 -2993 PHONE 818.898.1201 • FAX 818.361.7631 2 AGREEMENT NO. 3297 RESOLUTION NO. 4357 AGREEMENT This Agreement is made on this 20th day of January, 2004, by and between the City of San Fernando, a municipal corporation, and the City of El Segundo, a municipal corporation. RECITALS A. The City of San Fernando has executed a three -year cooperation agreement with the County of Los Angeles concerning Community Development Block Grant (CDBG) Funds for Fiscal Years 2003 -2004, 2004 -2005 and 2005 -2006; B. The City of El Segundo has executed a three -year cooperation agreement with the County of Los Angeles concerning Community Development Block Grant Funds (CDBG) for Fiscal Years 2003 -2004, 2004 -2005, and 2005 -2006; C. The City of El Segundo will receive CDBG Funds which can be made available to the City of San Fernando during fiscal year 2003 -2004. In exchange for the assignment by the City of San Fernando of the amount of its general funds indicated in Section 1 below, the City of El Segundo is willing to assign unexpended CDBG funds to San Fernando. D. The two cities now desire to enter into an agreement under which the City of San Fernando would exchange $75,734 of its general funds for $97,095 of the City of El Segundo's unexpended entitlement of CDBG Funds for Fiscal Year 2003 -2004. NOW, THEREFORE, the Cities agree as follows: EXCHANGE. The City of El Segundo agrees to assign ninety seven thousand ninety -five dollars and zero cents ($97,095) of its unexpended CDBG allocation to the City of San Fernando. In return, the City of San Fernando agrees to assign seventy -five thousand, seven hundred thirty -four dollars and zero cents ($75,734) of its general funds to the City of El Segundo. The exchange rate is $.78/100. 2. CONSIDERATION. The City of El Segundo shall assign the agreed upon CDBG Funds in one lump sum payment. The City of San Fernando shall assign the agreed upon general funds to the City of El Segundo in one lump sum payment. The City of San Fernando's lump sum payment shall be due and payable 15 days after the Community Development Commission of the County of Los Angeles notifies the City of San Fernando in writing and on its letterhead that the funds have been transferred to the City of San Fernando's unallocated funds account. 3. BEST EFFORTS. The City of El Segundo shall use its best efforts to obtain any consent required of any other governmental or administrative agency to effectuate the assignment of $97,095 of its CDBG funds to the City of San Fernando no later Page 1 of 3 Contract No. 3297 CDBG /San Fernando 3211 E. than 30 days after both cities have executed the agreement and any required documents. The City of El Segundo and City of San Fernando agree to execute any and all additional documents which such agencies may request in connection with the assignment and receipt of grant. 4. TERM. The Agreement is effective on the date above written and for such time as is necessary for both parties to complete their mutual obligations under this Agreement. 5. TERMINATION. Termination of this Agreement may be made by either party so long as written notice of intent to terminate is given to the other party at least five (5) days prior to the termination. 6. NOTICE. Notices shall be given pursuant to this Agreement by personal service on the party to be notified, or by written notice upon such party deposited in the custody of the United States Postal Service addressed as follows: CITY OF SAN FERNANDO Jose Pulido, City Administrator 117 Macneil Street San Fernando, CA 91340 CITY OF EL SEGUNDO Mary Strenn, City Manager 350 Main Street El Segundo, CA 90245 7. GOVERNING LAW. This Agreement shall be governed by the laws of the State of California. IN WITNESS WHEREOF, the parties have executed this Agreement the 20th day of January 2004. CITY OF SAN FERNANDO: CITY OF EL SEGUNDO: Joso Pulido, City Administrator kfa ry `t nn, City Manager Page 2 of 3 Contract No. 3297 CDBG /San Fernando ATTEST: Corm .14 o Elena Chavez, City Cler 32(-17 ATTEST: (*- /('h 1tll <� Cindy .r, - - Page 3of3 Contract No. 3297 CDBG /San Fernando 320.7. RESOLUTION NO. 6950 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN FERNANDO, CALIFORNIA, AUTHORIZING THE CITY ADMINISTRATOR TO EXECUTE LETTERS OF AGREEMENT BETWEEN THE CITY OF SAN FERNANDO AND THE CITIES OF EL SEGUNDO, LA HABRA HEIGHTS, RANCHO PALOS VERDES, AND BRADBURY REGARDING THE EXCHANGE OF GENERAL FUNDS FOR COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS AT A DISCOUNT. , THE CITY COUNCIL OF THE CITY OF CITY OF SAN FERNANDO HEREBY RESOLVES AS FOLLOWS: WHEREAS, on July 1, 2003, the City of San Fernando 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 WHEREAS, the City Council of the City of San Fernando conducted a public hearing, pursuant to applicable law, on January 5, 2004, to consider the allocation of CDBG funds for the Fiscal Year 2003 -2004; and WHEREAS, the use of CDBG funds is strictly limited by law; and WHEREAS, the Cities of El Segundo, La Habra Heights, Rancho Palos Verdes and Bradbury, all recipients of CDBG funds, desire to exchange a portion of their CDBG funds at a discount for General Funds from the City of San Fernando. NOW, THEREFORE, BE IT RESOLVED by the City of San Fernando City Council as follows: Section 1. The City Administrator is hereby authorized to execute a Letter of Agreement between the City of San Fernando and the City of El Segundo for the exchange of approximately $ 97,000 of El Segundo's FY 2003 -2004 CDBG funds for approximately $ 56,260 of General Funds from San Fernando, in a form acceptable to the Los Angeles County Community Development Commission. Section 2. The City Administrator is hereby authorized to execute a Letter of Agreement between the City of San Fernando and the City of La Habra Heights for the exchange of approximately $ 26,140 of La Habra Heights' FY 2003 -2004 CDBG funds for approximately $ 15,684 of General Funds from San Fernando, in a form acceptable to the Los Angeles County Community Development Commission. -1- Section 3. The City Administrator is hereby authorized to execute a Letter of Agreement between the City of San Fernando and the City of Rancho Palos Verdes for the exchange of approximately $ 175,000 of Rancho Palos Verdes' FY 2003 -2004 CDBG funds for approximately $ 101,500 of General Funds from San Fernando, in a form acceptable to the Los Angeles County Community Development Commission. Section 4. The City Administrator is hereby authorized to execute a Letter of Agreement between the City of San Fernando and the City of Bradbury for the exchange of approximately $ 9,000 of its FY 2004 -2005 CDBG funds for approximately $ 5,850 of General Funds from San Fernando, in a form acceptable to the. Los Angeles County Community Development Commission. Section 5. The City Administrator is authorized and directed to execute any and all documents necessary to complete the exchange of funds on behalf of the City of San Fernando. Section 6. This resolution shall take effect immediately. . Section 7. The City Clerk shall certify to the adoption of this resolution and thenceforth and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED this 5th day of January 2004. ATTEST: APPROVED AS TO FORM: City Attorney CITY OF SAN FERNANDO Josh Hernandez, Mayor �-� �Q ! Elena G. Chavez, City Jerk -2- STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES )SS CITY OF SAN FERNANDO ) I, Elena G. Chavez, City Clerk of the City of San Fernando, do hereby certify that the foregoing resolution was duly adopted by the City Council and signed by the Mayor of said City at a meeting held on the 5 day of January 2004; and the same was passed by the following vote, to wit: AYES: Hernandez, De LaTorre, Martinez, Ruelas, Veres - 5 NOES: None ABSENT: None Elena G. Chavez, City Clerk The foregoing instrument is a tull, true, and correct copy of the original on file In this Office. ATTEST: Feb -02r\j 2 2004 -'t -0 "!!k City Clerk of the City of Son Fern o -3-