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RESOLUTION NO. 6397
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, TO ADOPT A MEMORANDUM OF UNDERSTANDING
WITH THE LOS ANGELES COUNTY METROPOLITAN
TRANSPORTATION AUTHORITY TO ESTABLISH A CAPITAL RESERVE
ACCOUNT FOR PROPOSITON A AND PROPOSITION C LOCAL RETURN
FUNDS FOR A FUTURE MASS TRANSIT STATION IN THE CITY OF
ARCADIA
WHEREAS, in 1980, the voters of the County of Los Angeles approved by majority vote
Proposition A, an ordinance establishing a one-half percent sales tax for public transit purposes;
aI)d
WHEREAS, in 1990, the voters of the County of Los Angeles approved by majority vote
Proposition C, an ordinance establishing a one-half percent sales tax for public transit purposes;
and
WHEREAS, the Los Angeles County Metropolitan Transportation Authority (UMTA"), is
the agency responsible for administering the tax for the Proposition A and Proposition C Local
Return programs; and
WHEREAS, the MT A as the administrator of Proposition A & C Local Retum funds is
responsible for the enforcement of appropriate and timely use of local return funds; and
WHEREAS, the City of Arcadia is an eligible operator and has received an annual
allocation of Proposition A and Proposition C Local Return funs; and
WHEREAS, the City of Arcadia is required by the Proposition A & C ordinances to use
local return funds for developing and/or improving public transit service and transit related
projects and programs eligible under state or federal regulations; and
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WHEREAS, the City of Arcadia is prepared to commit and accumulate Proposition A
and Proposition C Local Return funds to be used exclusively for a future mass transit station /
transit facility located along the MTA owned right-of-way as agreed to by the City and MTA;
and
WHEREAS, the MTA Board of Directors approved the establishment of a Capital
Reserve Account on June 18, 2003, for a future mass transit station for the Gold Line light rail
system in the City of Arcadia.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. The City Council approves and authorizes the Mayor to execute a certain
Memorandum of Understanding with the Los Angeles County Metropolitan Transportation
Authority to establish a Capital Reserve Account to reserve $2 million in Proposition A and $3
million of Proposition C Local Retum funds for a future mass transit station in the City of
Arcadia.
SECTION 2. The City Council authorizes and directs the City Manager or his/her
designee to take any and all necessary further actions and execute any and all necessary
documents in order to receive such funds.
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SECTION 3. The City Clerk shall certify to the adoption of this Resolution.
21st
Passed, approved and adopted this_day of October 2003.
A TIEST:
M or of the City of Arcadia
~
APPROVED AS TO FORM:
.
~P_I~
City Attorney of the City of Arcadia
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that
the foregoing Resolution No. 6397 was passed and adopted by the City Council of the
City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular
meeting of said Council held on the 21 st day of October, 2003 and that said Resolution
was adopted by the following vote, to wit:
A YES: Council Members Chang, Kovacic, Marshall, Segal and Wuo
NOES: None
ABSENT: None
f Arcadia
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