ATTACHMENT A
65320.00001\45511497.2
CITY OF HAWAIIAN GARDENS
RESOLUTION NO. 032-2026
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HAWAIIAN
GARDENS, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA,
APPROVING THE EXCHANGE OF PROPOSITION A FUNDS BETWEEN
THE CITY OF HAWAIIAN GARDENS AND THE CITY OF LA HABRA
HEIGHTS, CALIFORNIA AND AUTHORIZING THE CITY MANAGER TO
ENTER INTO A PROPOSITION A ASSIGNMENT AGREEMENT AND
EXECUTE ALL OTHER NECESSARY DOCUMENTS
WHEREAS, the City of Hawaiian Gardens (“City”) considers ways to increase revenue and to reduce the need for the use of general fund reserves for fiscal year 2026- 2027, and
WHEREAS, the use of Proposition A funds is strictly limited by law; and WHEREAS, the City of La Habra Heights and City desire to exchange $80,000 of City of La Habra Heights FY 2026-2027 Proposition A funds for $60,000 of City of Hawaiian Gardens General Funds at an agreed upon rate.
NOW, THEREFORE BE IT RESOLVED by the Hawaiian Gardens City Council as follows:
Section 1. This exchange was included in the Citywide FY 2026-2027 adopted budget which was approved by the City Council on June 11, 2025.
Section 2. The City of Hawaiian Gardens will exchange $60,000 of its General Fund monies for $80,000 FY 2026-2027 Proposition A funds with the City of La Habra Heights at an exchange rate of $0.75 to $1.00.
Section 3. The City of Hawaiian Gardens shall pay the agreed upon General Funds to the City of La Habra Heights in one lump sum payment.
Section 4. The City Manager is authorized and directed to enter into a Proposition A Assignment Agreement and execute all other documents necessary to complete the exchange of funds on behalf of the City of Hawaiian Gardens.
Section 5. This resolution shall take effect immediately.
Section 6. The City Clerk, or duly designated staff, is directed to attest thereto.
PASSED, APPROVED, AND ADOPTED on this 14th Day of October, 2026 by the City Council of the City of Hawaiian Gardens.
________________________________
MARIA TERESA DEL RIO
MAYOR
ATTEST:
____________________________
PABLO RUBIO
CITY CLERK