City Council

5.\nResolution No. 26-09 – Approving a Fund Exchange Agreement of METRO\nProposition A (“Prop A”) Local Return Funds Between the City of Walnut\nand the City of West Hollywood\nRecommendation:\nThat the City Council:\n1.\nAdopt Resolution No. 26-09, approving a Fund Exchange Agreement between\nthe City of Walnut and the City of West Hollywood for Proposition A Local\nReturn Fund Exchange; and\n2.\nAuthorize the City Manager to sign the Agreement on behalf of the City in\nsubstantially the form attached and in such final form as approved by the City\nAttorney; and\n3.\nAppropriate $500,000 of restricted Proposition A Local Return Funds from\nProp A Reserves into Account 23-5307-6227.\n4.\nAuthorize the exchange of $500,000 of restricted Proposition A Local Return\nFunds for $350,000 in unrestricted funds from the City of West Hollywood;\nand\n5.\nAppropriate funds in the amount of $350,000 to Account 01-3558 for revenue\nreceived from Proposition A Local Return Fund Exchange between the City of\nWalnut and the City of West Hollywood.