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R-10326RESOLUTION NO. 10326 (ccs) (CITY COUNCIL SERIES) RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA AUTHORIZING THE CITY MANAGER OR HIS OR HER DESIGNEE TO EXECUTE A MEMORANDUM OF UNDERSTANDING WITH THE LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY FOR THE ESTABLISHMENT OF A CAPITAL RESERVE ACCOUNT FOR THE 20th AND CLOVERFIELD AND BUS STOP AND SHELTERIMPROVEMENT PROJECTS WHEREAS, the Los Angeles County Metropolitan Transportation Authority ("Metro") has approved the establishment of a Capital Reserve Account for the 20th and Cloverrield and Bus Stop and Shelter Improvement Projects; and WHEREAS, Metro conditions the use of said monies in accordance with their policies, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES HEREBY RESOLVE: SECTION 1. The City Council of the City of Santa Monica hereby authorizes the City Manager or his or her designee to execute a Memorandum of .Understanding with Metro to establish a Capital Reserve Account for the 20th and Clovefield and the Bus Stop and Shelter Improvement Projects. SECTION 2. The Public Works/Big Blue Bus Departments shall forward a certified copy of this Resolution to Metro for processing. SECTION 3. The City Clerk shall certify the adoption of this Resolution, and thenceforth and thereafter the same shall be in full force and effect. APPROVED AS TO FORM: MA SHA JO S MOU IE Ci orney Adopted and approved this 23`d day of July, 2008. 6dt~ Richard Bloom, Mayor Pro Tem I, Maria Stewart, City Clerk of the City of Santa Monica, do hereby certify that the foregoing Resolution No. 10326 (CCS) was duly adopted at a meeting of the Santa Monica City Council held on the 23`d day of July, 2008, by the following vote: Ayes: Council members: Genser, Holbrook, McKeown, O'Connor Mayor Pro Tem Bloom Noes: Council members: None Abstain: Council members: None Absent: Council members: Shriver Mayor Katz ATTEST: ^~ Maria Stewart, Cit Clerk