City Council

14.2 Consideration and Approval of Proposition A Local Return Fund Exchange for General\nFunds with the City of Industry and Palos Verdes Peninsula Transit Authority.\nRECOMMENDATION OF BUSINESS ITEM UNDER CONSIDERATION:\nIt is recommended that the City Council:\n1. Consider and approve Proposition A Local Return Fund exchange for General Funds with\nthe City of Industry and Palos Verdes Peninsula Transit Authority (“PVPTA”);\n2. Authorize the City Manager, or her designee, to fully execute the Fund Exchange\nAgreements with both the City of Industry and PVPTA; and\n3. Authorize staff to process Proposition A Fund transfers with the City of Industry and\nPVPTA upon fully executing the Fund Exchange Agreements.\nTotal Cost: N/A Account No: N/A\nIs the cost of this item budgeted? N/A