HomeMy WebLinkAboutResolution 2010-115 N.C.S. 06/21/2010Resolution No. 2010-115 N.C.S.
of the City of Petaluma, California
APPROVING A PLANNED USE TO EXPEND 2008-09 ALLOCATION
OF PROPOSITION 1B LOCAL STREETS AND ROADS FUNDS,
AMENDING THE 2010-11 BUDGET TO INCLUDE THE
2010-11 PAVEMENT SEALCOAT PROJECT, AND
AUTHORIZING TRANSFER OF FUNDS
WHEREAS, 2008-09 Proposition 1 B (Prop 1 B) Local Streets and.. Roads Improvement
Funds have. been appropriated to the City of Petaluma for the purpose of local streets and roads
projects in the amount of $847,322.03; and,
WHEREAS, of the $847,322.03 in 2008-09 Prop 1B funds, approximately $644,658.15
has been allocated for the following projects: Crinella Drive Reconstruction, Petaluma
Boulevard South Road Diet, Auto Drive Extension (not yet approved by Council), Protected
Left-Turn Signal Upgrade and the 2010 Jobs for Main Street Bill, leaving $202,663.88 in
available funds; and,
WHEREAS, any interest accrued by the City from Proposition 1 B Local Streets and
Roads Improvement Funds must be made part of the original allocations and utilized following
the same requirements; the estimated interest earned through June 30, 2009 is $26,382.23,
amounting to $229,046.11 available for other projects; and,
WHEREAS, a previous Prop 1B fund transfer of $63,000 from project 000501108
Crinella Drive Rehabilitation to 016101007 Petaluma 2010 Various Street Rehabilitation (2010
Jobs for Main Street Bill) is no longer required; and,
WHEREAS, $229,046.11 of available Prop 1B funds, including interest earned through
June 30, 2009, and the additional $63,000 from the canceled Petaluma 2010 Various Street
Rehabilitation project amounts to $292,046.11; and,
WHEREAS, to utilize Proposition 1B Local Streets and Roads Funds, City Council must
approve a planned use of the funds, as determined by the State Controller's Office, and submit to
the State Department of Finance during the annual. update; and,
WHEREAS, the planned use for the Prop 1 B funds must be included in the City of
Petaluma 2010-11 budget; and,
WHEREAS, City staff has derived a plan for the use of the Prop 1 B funds allocation
through the 2010-11 Pavement Sealcoat Project; and,
WHEREAS, the overhead of 2.4% will be paid out of Street Maintenance Funds in the
amount of $7,752.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Petaluma hereby:
Resolution No. 2010-115 N.C.S. Page 1
1. Approves the proposed use of Proposition 1 B Local Streets and Roads Improvement
Funds.
2. Resolves that a certified copy of this resolution and its attachments, and any
accompanying supporting materials is made available to the State Department of
Finance.
3. Amends the Fiscal Year 2010-11 Adopted Budget to include the 2010 Pavement
Sealcoat Project.
4. Authorizes the transfer of $229,046 of the available $229,046.11 of Prop 1 B funding
from project 000501108 Crinella Drive Rehabilitation to 016101008 2010-11
Pavement Sealcoat Project.
5. Authorizes the transfer of $63,000 from project 016101.007 Petaluma 2010 Various
Street Rehabilitation to 016101008 2010-11 Pavement Sealcoat Project.
6. Authorizes the transfer of $38,706 from the Street and Maintenance Fund to
016101008 2010-11 Pavement Sealcoat Project.
Under the power and authority conferred upon this Council. by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the ~~as to
Council of the City of Petaluma at a Regular meeting on the 2] s` day of June, 2010, fo
by the following vote:
AYES: Barrett, Vice Mayor Glass, Harris, Rabbitt, Renee, Mayor Torliatt
NOES: None
ABSENT: Healy
ABSTAIN: None
ATTEST:
City Clerk
city
Resolution No. 2010-115 N.C.S. Page 2