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HomeMy WebLinkAboutResolution 92-131 06/01/1992 1 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 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. 6 7 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.