HomeMy WebLinkAboutResolution 2010-124 N.C.S. 07/12/2010Resolution No. 2010-124 N.C.S.
of the City of Petaluma, California
APPIZOVING A PL,ANNEI) USE O~' EXP~NDING 2008-09 A~,LOCA'p'ION
OF PROPOSITION 1B I,(JCAL. S'I'REETS AND gZOADS FiJNDS,
FO~Z THE AiJ'I'O CEN'I'ER DRIV~ EX'TENSION
'I'O PE'1'ALLIMA BLVD. NORTI-~ PROJEC'I' C53101002
W~IE~AS, 2008-09 Proposition 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, approximately $795,658.15 of Proposition 1B Local Streets and Roads
Improvement Funds have been planned for other projects; and,
WHEREAS, any interest accrued by the City from Proposition 1B Local Streets and
Roads Improvement Funds shall be made part of the original allocations and utilized following
the same requirements; the approximate interest earned through June 30, 2009 is $26,382.23,
leaving an approximate $141,046.11 available for other projects; and,
WH~REAS, $141,046.11 of available Proposition 1B Local Streets and Roads
Improvement Funds including interest earned through June 30, 2009; 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,
W~IER~AS, the planned use for the Proposition 1 B Local Street and Roads Funds must
be included in the City of Petaluma 2010-11 bu3get; and,
WI-IE~AS, City Staff has derived a plan for the use of the Proposition 1 B Local Streets
and Roads Funds allocation through the Auto Center Drive Extension to Petaluma Blvd. North;
and,
Resolution No. 2010-124 N.C.S. Page I
WH~Y~AS, the overhead of 2.4% and project design will be paid for out of PCDC; and,
W~IEREAS, project construction will be funded with a combination of PCDC and
Proposition 1 B funds; and,
NOW, T~--IER~FO~, BE IT RESOI.VED that the City Council of the City of
Petaluma hereby:
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 shall be made available to the State Department of
Finance.
3. Authorizesthe transfer of $139,000 from project C00501108 CrinellaDrive
Rehabilitation to C53101001 Auto Center Dr. Extension 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 Approved as to
Council of the City of Petaluma at a Regular meeting on the 12`h day of July, 2010, ' rm:
by the following vote: ~"
.
Assistant ity Attorney
AYES: Barrett, Vice Mayor Glass, Harris, Healy, Rabbitt, Renee, Mayor Torliatt
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: 0
City Clerk
Resolution No. 20 ] 0-124 N_C,S. Page 2