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HomeMy WebLinkAboutReso 1999-19478 RESOLUTION NO. 19478 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA TRANSFERRING APPROPRIATIONS OF $578,000 OF TRANSPORTATION SALES TAX FUNDS FROM THE MAIN STREET IMPROVEMENT PROJECT (ST-961) TO PROJECT ST964 (E STREET RECONSTRUCTION) WHEREAS, the scope of the Main Street Improvement project (currently under construction) was revised and the work to be done was significantly reduced which resulted in the project having a surplus of about $1,000,000 of Transportation Sales Tax funds in the project account; and WHEREAS, said funds are scheduled to be returned to the TRANSNET Account at the end of construction and upon filing of the Notice of Completion; and WHEREAS, since both the "E" Street and Main Street projects, are both funded through TRANSNET, and since both involve the reconstruction of major entry ways into the City of Chula Vista, staff recommends that Council approve the appropriation of $578,000 of Transportation Sales Tax Funds from the Main Street Improvement Project (ST-961) and approve transferring the funds to the Pro~ect ST964 Account. NOW, THEREFORE, BE IT RESOLVED the City Counci~ of the City of Chula Vista does hereby transfer appropriations of $578,000 of Transportation Sales Tax Funds from the Main Street Improvement Project (ST-961) to Project (E Street Reconstruction). Presented by Approved as to form by f Resolution 19478 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 8'~' day of June, 1999, by the following vote: AYES: Councilmembers: Davis, Moot, Salas and Horton NAYS: Cour~cilmembers: None ABSENT: Councilmembers: Padilia ABSTAIN: Councilmembers: None Shirley Hortof~1~ayor ATTEST: Susan Bigelow, City~ler~ 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. 19478 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 8'' day of June, 1999. Executed this 8'h day of June, 1999. Susan Bigelow, City ClerE ........ r I 1[