City Council

22.\nAPPROVE RESOLUTION NO 25-61 APPROVING THE EXCHANGE OF “PROPOSITION A” LOCAL RETURN\nFUNDS WITH THE MONTEBELLO BUS LINES (MBL)\nRECOMMENDATION: It is recommended that the City Council:\n1. Adopt Resolution No. 25-61 Approving the Exchange of Los Angeles County Metropolitan Transit\nAuthority (Metro) “Proposition A” Local Return Funds with the Montebello Bus Lines; and\n2. Amend the Fiscal Year 2025-26 budget by increasing appropriations by $2,500,000 in Account Nos. 21099-7000.15 (Proposition A, Transfer Out to Transit Fund) and 600-99-4999.76 (Transit, Transfer In from\nProposition A); and $1,750,000 in Account Nos. 600-99-7000.10 (Transit, Transfer Out to General Fund)\nand 100-99-4999.15 (General Fund, Transfer In from Transit Fund); and\n3. Take such additional, related action that may be desirable.