ASSIGNMENT AGREEMENT BETWEEN THE CITY OF WALNUT AND THE CITY OF WEST HOLLYWOOD FOR THE EXCHANGE OF PROPOSITION A LOCAL RETURN FUNDS [H. COLLINS, T. FUHRER, C. VASQUEZ]

AI Summary

Using city funds, this agreement will cost West Hollywood residents approximately $350,000 from the General Fund to acquire $500,000 in Proposition A funds from the City of Walnut. This exchange aims to enhance public transportation services in West Hollywood, potentially improving transit options for residents.

How does this affect you?

This agreement affects West Hollywood residents by potentially improving public transportation services. By exchanging $350,000 from the city's General Fund for $500,000 in Proposition A funds, the city can invest more in local transit projects. This could lead to better bus services or new transit initiatives, making it easier for residents to commute without relying on personal vehicles.

Fiscal impact

$350,000 from the General Fund

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