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HomeMy WebLinkAboutResolution - 3130 STATE OF CALIFORNIA ) RESOLUTION NO. 3130 COUNTY OF RIVERSIDE)ss CITY OF SAN JACINTO ) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, ALLOCATING CITY'S ENTIRE 2007-2008 ALLOCATION OF PROPOSITION 1 B LOCAL STREETS AND ROADS FUNDS TO THE 2007 DOWNTOWN PAVEMENT REHABILITATION PROJECT WHEREAS, Proposition 1B ("Prop. 113") provided $19,925 billion in bond funds for a variety of transportation priorities, including $2 billion for cities and counties to fund the maintenance and improvement of local transportation projects; WHEREAS, the 2007 Budget Act and Chapter 181, Statutes of 2007 (SB 88), appropriated $950 million to be spent in the fiscal year 2007-2008. Of this amount, Chapter 314, Statutes of 2007 (AB 196), specifies that $550 million be allocated to cities; WHEREAS, the California State Department of Finance has recently issued guidelines for how these monies will be distributed and has appropriated $552,416 to the City of San Jacinto ("City"); WHEREAS, the City Council may recall that during the funding discussion for the 2007 Downtown Pavement Rehabilitation project, an assumption of $450,000 in Prop. 1 B funds was used; WHEREAS, City staff recommends that the City Council allocate all of the City's Prop. 1 B funds to the Downtown Pavement Rehabilitation project; and NOW BE IT RESOLVED, ordered, and determined by the City Council of the City of San Jacinto as follows: Section 1. The City Council has considered and hereby adopts the findings of fad set forth in the above recitals. Section 2. The City Council has reviewed and considered the staff recommendation and has decided to allocate all of the Prop. 1 B funds to the Downtown Pavement Rehabilitation Project in order to reduce the amount of capital reserve funds for other projects. Section 3. Upon approval, City staff shall send the necessary project infonn7ation to the State in order to receive the Prop. 1 B funds. RVPUBIPKNOX\744909.1 Page 1 of Section 4. The Mayor shall sign, and the City Clerk shall certify to, the passage and adoption of this Resolution. >`. APPROVED, PASSED, and ADOPTED by the City Council of the City of San Jacinto at a regular meeting held on the 20th day of March 2008, by the following vote: Ayes: Mansperger, Stubblefield, Ayres Nays: None Absent: Carlson, Ritchie Abstain: None City of San Jacinto Ji yres, r ATTEST: D rothy L. uinard, City Clerk APPROVED AS TO FORM: BEST, BEST & KRIEGER LLP eff a linger, Ciry Attomey r 1ZVPUBTKN0XW44gW.1 Page 2 Of 2