HomeMy WebLinkAboutReso 2000-405 RESOLUTION NO. 2000-405
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROPRIATING $200,000 FROM THE
INTERIM STATE ROUTE 125 (SR-125) DEVELOPMENT
IMPACT FEE (DIF) FUND FOR A NEW CAPITAL
IMRPOVEMENT PROGRAM (CIP) PROJECT, SR-125
FRANCHISE REVIEW, STM348
WHEREAS, the City Council recently authorized City staff to enter into discussions with
consultants to conduct a "peer" review of information used by California Transportation
Ventures, Inc. in making traffic and revenue projects for the SR-125 Toll Road Facility; and
WHEREAS, the Council also authorized staff to enter into discussions with a financial
consultant to conduct a financially-based appraisal on the SR-125 franchise; and
WHEREAS, the total cost for these additional studies and services should not exceed
$200,000 with the funding source for this work being the Interim SR-125 DIF, fund number 592.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby appropriate $200,000 from the Interim SR-125 DIF Fund for a new CIP project, SR-
125 Franchise Review, STM348.
Presented by Approved as to form by
Resolution 2000-405
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 7th day of November, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilia, and Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: Horton
Susan Bigelow, City Cle~ ~ /
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2000-405 was duly passed, approved, and ado ted by the City Council at a
regular meeting of the Chula Vista City Council held on the 7t~ day of November, 2000.
Executed this 7th day of November, 2000.
Susan Bigelow, City Cler~