City Council

CC13. Approve Resolution 2024­74 Authorizing the Conversion of $4,000,000 in Restricted\nProposition A Funds Which Are Time Limited to $3,400,000 in General Funding through a\nFoothill Transit Authority Conversion Program; Authorize the City Manager, or designee, to\nExecute the Appropriate Agreement to Implement the Conversion on a Form Acceptable to\nthe City Attorney; and Appropriate $3,400,000 in the General Fund Account Number 001­\n395­001 for the Receipt of Funding from Foothill Transit Authority and Appropriate\n$4,000,000 of Proposition A Expenditures to Account 072­4120­020­001 for the Cost of the\nExchange. Assign $3,400,000 of Available General Fund Balance for Downtown Specific\nPlans Projects on Public and Quasi­Public Land