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R 1020 - RESOLUTION N9. 10:20 :) A RESOLUTION OF THE CITY COu'NCIL OF THE CITY OF ARROYO GRANDE TRANSFERRING TOPICS FUNDS TO THE CITY OF ARROYO GRANDE FROM T'dE CITY OF MORRO BAY. WHEREAS, the City of Morro Bay has accumulated funds allocated to "Traffic Operations Improving Capacity and Safety" (TOPICS) in the amount of $9,359; and. WHEREAS, the City of Morro Bay will he unable to ex~end said funds for an approved project within the time allocated; and WHEREAS, the City of Arroyo Grande has a TOPICSproje~t and will need funds in addition to those allocated to their City; and, WHEREAS. the City of Arroyo Grande does accept the use of these TOPICS funds pursuant to a separate agreement for exchange of TOPICS funds. NOW, THEREFORE. THE CITY COlJNCIL OF THE CITY OF ARROYO GRANDE DOES RESOLVE: A. By a copy of this resolution that the State Division of Highways is petitioned to reassign the TOPICS Fund Allocations of the City of Morro Bay, to the City of Arroyo Grande; B. The Mayor be and he is authorized and directed, for and on behalf of the City as its act and deed to execute the agreement with the City of Morro Bay for the exchange of TOPICS funds. On motion of Councilman de Leon, seconded by Councilman Wood and on the following roll call vote, to wit: AYES: Councilmen Millis, Talley, Wood, de Leon and Mayor Schlegel NOES: None ABSENT: None the foregoing resolution was passed 9th day of January, 1973~ ATTEST:Q~-y~, . ;# TY CLER I, POLLYS. KINGSLEY. City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of Ca.lifornia, do hereby certify that the foregoing Resolution No. 1020 is a true. full and correct copy of said resolution 'Passed and adopted by the City Council ~f the City of Arroyo Grandeata regular meet- ing of said Council held on the 9th day of January. 1973. WITNESS my hand and the seal of the City of Arroyo Grande affixed this 10th day of January, 1913. (SEAL)