HomeMy WebLinkAbout1998-10-13 - RESOLUTIONS - FED ASSET TRSFR (2)RESOLUTION NO. 98-116
A RESOLUTION OF THE
CITY OF SANTA CLARITA, CALIFORNIA
AUTHORIZING THE TRANSFER OF
FEDERAL ASSETS
TO THE CITY OF SANTA CLARITA
WHEREAS, the City of Santa Clarita ("City") may take possession of six federally -funded
buses; and
WHEREAS, the Golden Gate Transit system has several older transit buses in its fleet that
it would like to replace; and
WHEREAS, the Federal Transit Administration has approved the transfer of six buses to
City.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA does
resolve as follows:
SECTION 1 The City of Santa Clarita must document the acceptance of the transfer
of the federal assets in an approved resolution by its City Council; and
SECTION 2 The City of Santa Clarita will ensure that all FTA grant requirements
will apply, including spare ratio and useful life requirements; and
SECTION 3 The City of Santa Clarita will ensure that the assets will be included in
its property records as required in FTA Circular 5010.1B, Paragraph (5)f.(1) (Equipment
Management), including the applicable percentage of federal interest in the transferred assets;
and
SECTION 4 The local value charged to the City of Santa Clarita will be no more than
20 percent of the depreciated book value of said buses; and
SECTION 5 The City Manager may decide which and how many of the six buses
will be transferred to the City of Santa Clarita.
RESOLUTION NO. 98-116
October 13, 1998 — Page 2
PASSED, APPROVED AND ADOPTED this 13th day of October
19 98.
YOR
ATTEST:
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sharon L. Dawson, City Clerk of the City of Santa Clarita, do hereby certify that
the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a
regular meeting thereof, held on the i sth day of oct_nber 1998, by
the following vote of the Council:
AYES: COUNCILMEMBERS: Ktaj ic, Darcy, Ferry, Weste, F.eidt
NOES: COUNCILMEMBERS: :jme
ABSENT: COUNCILMEMBERS: clone
CITY CLERK
\transit\agendaWsebsrs Ldx