HomeMy WebLinkAboutReso 069-88 SanLuisFAUFunds RESOLUTION NO. 69-88
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING AN AGREEMENT FOR THE EXCHANGE OF CITY OF SAN LUIS OBISPO
FEDERAL AID URBAN FUNDS FOR CITY OF DUBLIN GENERAL FUNDS
WHEREAS~ the City of San Luis 0bispo has agreed with the City of
Dublin to their exchange of Federal Aid Urban (FAU) funds for City of Dublin
General Funds~ and
WHEREAS, the agreed exchange rate is seventy-five cents ($0.75)
of General Funds for every one dollar ($1.00) of FAU funds~ and
WHEREAS, Dublin plans to use these FAU funds for the San Ramon
Road Phase III project~ and
WHEREAS~ this exchange of funds will provide a greater amount of
Federal funds available for necessary roadway improvements]
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of Dublin does hereby approve the Agreement between the City of San Luis
0bispo and the City of Dublin for the exchange of FAU funds.
BE IT FURTHER RESOLVED that the Mayor shall execute this Agreement
and the City Clerk shall forward copies to the appropriate authorities.
PASSED, APPROVED, AND ADOPTED this 23rd ,day of May, 1988.
AYES:
Councilmembers Hegarty, Moffatt, Snyder and
Mayor Jeffery
NOES: None
ABSENT:
Councilmember Vonheeder
orM
ATTEST: