City Council

9. ADOPT RESOLUTION NO. 26-63 APPROVING A PROPOSITION A LOCAL RETURN FUND EXCHANGE AGREEMENT BETWEEN MONTEBELLO BUS LINES AND THE CITY OF MONTEBELLO RECOMMENDATION: It is recommended that the City Council: 1. Adopt Resolution No. 26-63 approving a Proposition A Local Return Fund Exchange between Montebello Bus Lines (MBL) and the City of Montebello; and 2. Amend the Fiscal Year 2026-27 adopted operating budget by increasing appropriations by $2,750,000 in Account No. 210-99-7000.15 (Proposition A, Transfer Out to Transit Fund) and 600-99-4999.76 (Transit, Transfer In from Proposition A); and $1,925,000 in Account No. 600-99-7000.10 (Transit, Transfer Out to General Fund) and 100-99-4999.15 (General Fund, Transfer In from Transit Fund); and 3. Take such additional, related action that may be desirable.