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R-10313RESOLUTION NO.10313 (CCS) ATTACHMENT G1 (CITY COUNCIL SERIES) RESOLUTION OF THE CITY COUNCIL OF THE CITY. OF SANTA MONICA AUTHORIZING THE. TRANSFER OF CERTAIN FUNDS O F THE PARKING AUTHORITY OF THE CITY OF SANTA MONICA TO THE CITY OF SANTA MONICA WHEREAS, the City of Santa Monica (the "City") desires to construct, install and/or acquire certain capital improvements to the Santa Monica Pier (the "Project"); a portion of which will benefit the provision.of and access to public parking on the Santa Monica Pier; and WHEREAS, pursuant to Section 32667 of the Parking Law of 1949 (commencing with Section 32500 of the Streets and Highways Code of the State of California), the legislative body of the City of Santa Monica may by two-thirds vote adopt a resolution transferring property of the Parking Authority to the City; and WHEREAS, the City Council desires to transfer $1;630;539 to the City to pay for a portion of the Project; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PARKING AUTHORITY OF THE CITY OF SANTA MONICA, as follows: Section 1. All of the recitals herein contained are true and correct and the Board so finds. Section 2. The City Council .hereby directs staff to transfer funds in the amourit of $1,630,539 to the City for deposit into the Pier Fund for use by the City in connection with completing the Project. Section 3. The City Clerk shall certify to the adoption of this Resolution and thenceforth and thereafter the same shall be in full force and effect. APP VEDA TO FORM:. ~ ~fl ~d~~ 1 Mar ha Jone outrie, Cit torney? Adopted and approved this 17th day of Jur I, Maria Stewart, City Clerk of the City of Santa Monica, do hereby certify that the foregoing Resolution No. 10313 (CCS) was duly adopted at a meeting of the Santa Monica City Council held on the 17th day of June, 2008, by the following vote: Ayes: Council members: Genser, Holbrook, McKeown, O'Connor Mayor Pro Tem Bloom, Mayor Katz Noes: Council members: None Abstain: Council members: None Absent: Council members: Shriver ATTEST: --~ Maria Stewart, Ci lerk