City of Industry
City Council
Agenda Item 7
6.7 Consideration of a Proposition A Fund Exchange Agreement with the City\nof El Monte, in the amount of $1,866,666.00 from the City’s General Fund,\nin exchange for $2,333,333.00 of Proposition A Local Return Reserve\nFunds from El Monte\nRECOMMENDED ACTION: Approve the Agreement.