West Covina

City Council

May 16, 2023 Item #2

Agenda Item 2

2) CONSIDERATION OF PROPOSITION A EXCHANGE WITH FOOTHILL TRANSIT\nIt is recommended that the City Council approve the following:\nIt is recommended that the City Council approve the following:\n1. Exchange of $2,500,000 in Proposition A Local Return funds for $1,875,000 in general\nfunds with Foothill Transit; and\n2. Authorize the City Manager to execute the Assignment Agreement with Foothill Transit, in\nsubstantially the form as attached and in such final form as approved by the City Attorney.