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HomeMy WebLinkAbout1989-01-03; City Council; Resolution 89-7q i 1 2 3 4 5 6 7 a 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 e 0 RESOLUTION NO. 89-7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING EXCHANGE OF VISTA'S UNOBLIGATED FEDERAL AID URBAN ENTITLEMENT WHEREAS, the sale of the City of Vista's unoblig Federal Aid Urban Funds is advantageous to the City of Carls and WHEREAS, the City of Vista's Unobligated Balancc Federal Aid Urban Funds is approximately $614,500; and WHEREAS, the City of Vista has offered to exchange unobligated Federal Aid Urban Funds at an exchange ratc Eighty Percent (80%), and that the State of Califc Department of Transportation will be acting as a broke clearing house for Federal Aid Urban Apportionments. NOW, THEREFORE, BE IT RESOLVED by the City Council of City of Carlsbad as follows: 1. That all of the above recitations are true correct. 2. That the exchange of funds is hereby authorized. 3. That the Mayor and City Clerk are authorized directed to execute the agreement with the City of Vista the City Clerk is further authorized to forward an exec copy of said agreement and this Resolution to the City of Vi the City of Carlsbad's Municipal Projects Department and State of California, Department of Transportation, District San Diego, Attention: Gene Marshall. // // # \ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 * 0 4. That the City Council of the City of Carlsbad hereby appropriate to the project account number 3205 all funds for this project. PASSED, APPROVED AND ADOPTED at a regular meeting 03 Carlsbad City Council held on the 3rd day of January 1989, by the following vote, to wit: AYES: Council Members Lewis, Kulchin, Pettine, Mamaux and La NOES: None ABSENT : None ATTEST: f2AzL BQ- ALETHA L. RAUTENKRANZ, City\Clerk (SEAL)