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• 4 <br /> RESOLUTION NO. 1010 <br /> RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE TOWN OF <br /> OF LOS ALTOS HILLS APPROVING THE PRIORITY PLAN FOR EXPENDITURE <br /> OF ALLOCATION OF FUNDS TO THE COUNTY OF SANTA CLARA FOR PARK, <br /> BEACH, RECREATIONAL AND HISTORICAL PRESERVATION PURPOSES <br /> (STATE URBAN AND COASTAL PARK BOND ACT OF 1976) <br /> WHEREAS, the people of the State of California did, at an election held <br /> on November 2, 1976, adopt the "Nejedly-Hart State, Urban and Coastal Park Bond <br /> Act of 1976" (Public Resources Code Sections 5096.111, et seq. ) , said Act <br /> becoming operative on January 1, 1977; and <br /> WHEREAS, this Act provides for an allocation of $85,000,000 for grants to <br /> counties, cities and districts for the acquisition, development, or restoration <br /> of real property for park, beach, recreational and historical resources preservation <br /> purposes pursuant to the allocation formula contained therein; and <br /> WHEREAS, the amount to be allocated for expenditure within the County of <br /> Santa Clara has been determined to be the sum of $4,724,965, to be spent in <br /> accordance with a "priority plan for expenditure" approved by the County Board <br /> of Supervisors and at least fifty percent (50%) of the population of the cities <br /> and districts within the County; and <br /> WHEREAS, the required consultation between the County of Santa Clara and <br /> all the cities and districts within the County has occurred and a formula for <br /> allocating the local share of this 1976 State Park Bond Fund has been prepared as <br /> shown on Exhibit A attached hereto, allocating fifty percent (50%) of the County's <br /> grant for regional parks and open space and fifty percent (50%) of said grant for <br /> local city parks. <br /> NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of the Town <br /> of Los Altos Hills does hereby approve this priority plan for expenditure and <br />