HomeMy WebLinkAboutResolution 2010-124 N.C.S. 07/12/2010Resolution No. 2010-124 N.C.S.
of the City of Petaluma, California
APPROVING A PLANNED USE OF EXPENDING 2008-09 ALLOCATION
OF PROPOSITION 1B LOCAL STREETS AND ROADS FUNDS,
FOR THE AUTO CENTER DRIVE EXTENSION
TO PETALUMA BLVD. NORTH PROJECT C53101002
WHEREAS, 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 I Local Streets and Roads
Improvement Funds have been planned for other projects; and,
WHEREAS, any interest accrued by the City from Proposition I 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,
WHEREAS, $141,046.11 of available Proposition IB Local Streets and Roads
Improvement Funds including interest earned through June 30, 2009; and,
WHEREAS, to utilize Proposition I 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 Proposition 1 B Local Street and Roads 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 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
WHEREAS, the overhead of 2.4% and project design will be paid for out of PCDC; and,
WHEREAS, project construction will be funded with a combination of PCDC and
Proposition 113 funds; and,
NOW, THEREFORE, BE IT RESOLVED 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. Authorizes the transfer of $139,000 from project C00501108 Crinella Drive
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 121h day of July, 2010, rm:
by the following vote: )
4tantity Attorney
AYES: Barrett, Vice Mayor Glass, Harris, Healy, Rabbitt, Renee, Mayor Torliatt
NOES:
None
ABSENT:
None
ABSTAIN:
None
ATTEST:
0
ua'
City Clerk
Resolution No. 20 i 0-124 N.C.S. Page 2