HomeMy WebLinkAboutResolution 92-131 06/01/1992
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resolution N®. 92-131 N C.S.
of the City of Petaluma, California
A RESOLUTION AUTHORIZING THE CITY MANAGER
TO EXECUTE A PAYBACK AGREEMENT
FOR THE MODIFICATION OF
TRAFFIC SIGNALS AT
"D" STREET/SUNNYSLOPE ROAD/EL ROSE STREET
IN THE CITY OF PETALUMA
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF PETALUMA AS
FOLLOWS:
WHEREAS by Reso 89-11, Traffic Condition b. "Signalization shall be provided for at
Sunnyslope Avenue and El Rose Avenue and "D" Street, and Petaluma Boulevard and "I"
Street by the Developer concurrently with the project improvements, subject to review and
approval of the City Engineer. The formula for payback amounts shall be estimated through
negotiations by the City and the project Developer."
WHEREAS Developer has contracted for the modification of the traffic signal at "D" Street
and Sunnyslope Road/E1 Rose Street;
WHEREAS the Developer will install signal and request reimbursement from the City for
actual costs in excess of the subdivision portion of costs (9.04109%);
AND WHEREAS City will reimburse the Developer from traffic mitigation impact fees for
90.95891 % of the cost of modification of the traffic signal at "D" Street and Sunnyslope
Road/El Rose Street;
Hes. No.........92-131.... N.cs.
1
2 NOW, T~IEREFORE, BE IT RESOLVED THAT the City Council for the City of
3 Petaluma hereby authorizes the City Manager to execute a payback agreement with Condiotti
4 Enterprises Inc. for the modification of the traffic signal at "D" Street and Sunnyslope
5 Road/El Rose Street.
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8 westridg/sb/agenda:a
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) ~(14~i}'oXi]~e~~Q$~~dI~) meeting fO~
on the .......~.5:~.-•-•--...... day of ............~11D.~ ............................:......... 19.9.., by the
following vote: •-•-••--• - ••---•--•--•---••---.......
City Attorney
AYES: Kead, Davis, Cavanagh, Sobel, Nelson, Vice Mayor Woolsey, Mayor Hilligoss
NOES: None
ABSENT
ATTEST:
CA 10-85
None
City Clerk
caun~i F~i~!~O ~.'~j;.....
Res. No........9.~+.-1.3.1..... N.C.S.