HomeMy WebLinkAboutCC Reso No 1978-45RESOLUTION NO. 78-45
RESOLUTION OF THE CITY COUNCIL OF THE
~ CITY OF LAKE ELSINORE APPROVING EXCHANGE
OF CITY'S SHARE OF FEDERAL AID FOR SAE'ER
AFF-SYSTEM ROAD FUNDS ALLOCATION FOR
STATE GASOLINE TAX DOLLARS FROM THE
CITY OF RIVERSIDE
WHEREAS, the Eederal Aid Highway Act of 1976, apportioned
funds for Federal Aid for Safer Of£-System Roads to California;
Wf3EREAS, the 1977-78 apportionment to Riverside County -
and cities in the County is $482,129.
WHEREAS, the 6ity',s share, based on a distribution by .
population is $4,580.23.
WHEREAS, the City of Riverside has offered to exchange
the City's Off-System dollars for State Gasoline Tax Dollars
~ at a ratio of $.60 on the dollar or $2,748.14.
NOW, THEREFORE, be it resolved that the City Council of
the City of Lake Elsinore agrees to accept $2,748.14 State
Gasoline Tax Dollars in exchange £or the $4,580.23 allocation
o£ Federal Aid Off-System Funds.
BE IT FURTHER RESOLVED that the City Manager be directed
to accept a warrant from the City o£ Riverside and deposit
the funds in the City of Lake Elsinore Gas Tax Fund.
ADOPTED this _23 day of _october _. 1g~8•
ATTEST: ~ ~~~5~~~~~1`.~
~ ayo
~~~f' ~-~-' `~-y' 1~~'O~""`~~ ity of Lake Elsinore,
Florene Marshall California
City C1erk