Diamond Bar
City Council
Agenda Item 3
5.3 AGREEMENT WITH CITY OF COMMERCE FOR EXCHANGE OF\nPROPOSITION A FUNDS.\nRecommended Action:\nA. Adopt Resolution No. 2024-34 approving, and authorizing the City\nManager to sign, the Funds Exchange Agreement selling $1,333,333\nof Proposition A Funds to the City of Commerce; and\nB. Appropriate $1,333,333 from the Proposition A Fund and recognize\n$1,000,000 in Park & Facility Development Fund (262) revenue for the\nexchange.\nRequested by: Finance Department