HomeMy WebLinkAbout1999-07-13 - RESOLUTIONS - LA VERNE ASSIGNMENT EXECUTION (2)RESOLUTION NO. 99-136
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SANTA CLARITA, CALIFORNIA,
AUTHORIZING THE EXECUTION OF AN ASSIGNMENT
AGREEMENT WITH THE CITY OF LA VERNE FOR EXCHANGE
OF PROPOSITION A FUNDS FOR GENERAL FUNDS
WHEREAS, the City of La Verne wishes to exchange Proposition A Local Return Funds for
General Funds;
WHEREAS, the City of Santa Clarita has a project that is an eligible use of Proposition A
Local Return Funds;
`WHEREA.S, the City Council of the City of Santa Clarita states its intent and desire to
exchange its General Funds for Proposition A Local Return Funds;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA does
resolve as follows:
SECTION 1: That the City Manager is hereby authorized to execute an Assignment
Agreement with the City of La Verne for the exchange of General Funds for Proposition A
funds, said agreement being in the form attached hereto and made a part hereof by
reference as though the same were set forth in full herein.
SECTION 2: That the City Clerk shall certify to the adoption of this Resolution and shall
forward a certified copy thereof to the City of La Verne.
PASSED, APPROVED AND ADOPTED THIS 13th day of July 1999.
ATTEST:
CITY CLERK
RESOLUTION NO. 99-136
Page 2
STATE OF CALIFORNIA)
COUNTY OF LOS ANGELES) as
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 Clarks, at a
regular meeting thereof, held on the 1 i h day of ,ju }. 1999_, by the following vote of
the Council.
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS.
ABSENT: COUNCILMEMBERS:
CITY CLERK
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City of La Verne
ASSIGNMENT AGREEMENT FOR TRANSFER OF PROPOSITION A FUNDS
This Assignment Agreement is made and entered into this day of 1999
by and between the City of La Verne, California and the City of Santa Clarita, California, with
respect to the following facts:
A. The City of Santa Clarita proposes to utilize Proposition A Local Return funds
received from the City of La Verne to continue construction of the Jan Heidt Newhall Metrolink
Station. Adequate Proposition A Local Return funding for such a service is not available given
the limited amount of City of Santa Clarita's Local Return allocation and the needs of other
priority transit projects in the City.
B. The City of La Verne has uncommitted funding authority for its Fiscal Year 1999-
2000 allocation of Proposition A Local Return funds which could be made available to the City of
Santa Clarita to assist in the services discussed in Paragraph A of this Agreement. In exchange
for assignment by the City of Santa Clarita of the amount of its general fiords indicated in Section
I below, the City of La Verne is willing to assign uncommitted Proposition A Local Return
funding to the City of Santa Clarita for the purpose identified in Paragraph A above.
Now, THEREFORE, in consideration of the mutual benefits derived by the parties and the
promises herein contained, it is mutually agreed as follows:
1. Exchange. The City of La Verne agrees to assign $250,000 of its Fiscal Year 1999-
2000 Proposition A funding authority to the City of Santa Clarita. In return, the City of Santa
Clarita agrees to assign $177,500 of its general funds to the City of La Verne.
2. Consideration. The City of La Verne shall assign the agreed upon Proposition A
Local Return funds to the City of Santa Clarita in one payment due the thirty-first (3 1) day after
the Metropolitan Transportation Authority (MTA) has approved the project description indicating
the amount of Proposition A funds to be exchanged. Ten City of Santa Clanta shall assign the
agreed upon general funds to the City of La Verne in pone payment due the date La Vern remits
its Proposition A funds to the City of Santa Clarita.
3. Term. This Agreement is effective on the data above written and for such time as is
necessary for both parties to complete their mutual obligations under this Agreement.
4. Termination. Termination of this Agreement may be made by either party before the
date of approval of the project description covering the funds in question by the MTA so long as
written notice of intent to terminate is given to t. he other party atleast five (5) days prior to
termination.
5. Notices. 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:
a. City Manager
City of La Verne
3660 `D' Street
La Vcmc, CA 91750
b. City Manager
City of Santa Clarita
23920 Valencia Blvd., Suite 300
Santa Clarita, CA 91355
6. Assurances.
a. The City of Santa Clarita shall use the assigned Proposition A Local Return
funding only for the purpose of providing the services discussed in Paragraph A
of this Agreement and within the time limits specified in MTA's Proposition A
Local Return Program Guidelines.
b. Concurrently with the execution of this Agreement, the City of Santa Clarita
shall provide the MTA with the Standard Assurances and Understandings
regarding the use of assigned Proposition A Local Return funds.
IN WTINEss WHEREOF, the parties hereto have caused this Assignment Agreement to be
executed by their respective officers, duly authorized, on the day and year written above.
CITY OF LA VERNE
M
Martin R. Lomeli, City Manager
ATTEST:
Lupe Estrella, Deputy City Clerk
APPROVED AS TO FORM:
Robert Kress, City Attorney
CITY OF SANTA CLARITA
By
George Caravalho, City Manager
Sharon L. Dawson, CMC, City Clerk
APPROVED AS TO FORM:
Carl Newton, City Attorney