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HomeMy WebLinkAboutReso 2017-146RESOLUTION NO. 2017-146 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE REQUEST OF A $1;400,000 DISBURSEMENT FROM THE CHULA VISTA BILLBOARD RESERVE FUND HELD IN TRUST BY SAN DIEGO METROPOLITAN TRANSIT SYSTEM (MTS) TO FUND ADVANCED TRANSPORTATION AND CONGESTION MANAGEMENT TECHNOLOGIES DEPLOYMENTS IN THE CITY OF CHULA VISTA; AMENDING THE FISCAL YEAR 2017/2018 CIP PROGRAM BUDGET AND ESTABLISHING A NEW CIP PROJECT. "ADVANCED TRANSPORTATION AND CONGESTION MANAGEMENT TECHNOLOGIES (TF -409)"; AND APPROPRIATING $1.400.000 TO THE CAPITAL IMPROVEMENT FUND -BASED ON REVENUE ASSOCIATED WITH SAID BILLBOARD FUNDS TO TF -409 WHEREAS, on September 21; 1999, an agreement was entered between the City of Chula Vista and Metropolitan Transit Development Board (MTDB) which is now known as San Diego Metropolitan Transit System (MTS); and WHEREAS, at that time, MTS developed a "Chula Vista Billboard Reserve Fund" (Fund) which is funded by the lease revenues from billboard owners; and WHEREAS, MTS has maintained this revenue Fund to be disbursed to the City of Chula Vista; and WHEREAS, this revenue shall be held in trust by MTS for use by the City of Chula Vista on projects which benefit mass transit occurring within the City right-of-way; and WHEREAS, staff is requesting $1,400,000 from the Fund, to fund the deployment of advanced transportation and congestion management technologies in the City of Chula Vista, to improve safety, efficiency, transit system performance, and infrastructure return on investment; and WHEREAS, through a Multi -modal Integrated Corridor Management (ICM) approach, the City will manage the corridors by installing adaptive signals and transit signal priority (TSP), and other traffic signal improvement technologies as a multi -modal system and make operational and safety decisions for the benefit of the corridor as a whole. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista that it approves the request of the $1;400,000 disbursement from the Chula Vista Billboard Reserve Fund held in trust by San Diego Metropolitan Transit System (MTS) to fund advanced transportation and congestion management technologies deployments in the City of Chula Vista. Resolution No. 2017-146 Page No. 2 BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista that it amends the Fiscal Year 2017/2018 CIP Program Budget and establishes a new CIP Project TF - 409, "Advanced Transportation and Congestion Management Technologies" and appropriates $1,400,000 to the CIP category of the CIP Fund with off -setting revenue to TF -409. Presented by William S. Valle Director of Engineering and Capital Projects Approved as to form by Gln R. G ins Ci Attorne PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 25th day of July 20-17 by the following vote: AYES: Councilmembers: Aguilar, Diaz, McCann, and Padilla NAYS: Councilmembers: None ABSENT: Councilmembers: Salas ATTEST: Kerry K. Bidow, M , Acting City Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA I, Kerry K. Bigelow, Acting City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2017-146 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 25th day of July 2017. Executed this 25th day of July 2017. Kerry K.6i elow, NT14 C, Acting City Clerk