City Council

4. Resolution No. 23-11 - Approving the Fund Exchange Agreement of METRO\nProposition A Local Return Funds between the City of Walnut and the City\nof West Hollywood\nRecommendation: That the City Council:\n1. Adopt Resolution No. 23-11, approve a Fund Exchange Agreement between\nthe City of Walnut and the City of West Hollywood for Proposition A Local\nReturn Fund Exchange; and\n2. Authorize 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. Authorize the exchange of $300,000 of restricted Proposition A Local Return\nFunds for $210,000 in unrestricted funds from the City of West Hollywood;\nand\n4. Appropriate funds in the amount of $210,000 to Account 01-0000-3558 to\naccount for revenue received from Proposition A Local Return Fund\nExchange between the City of Walnut and the City of West Hollywood