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HomeMy WebLinkAboutReso 2004-100 RESOLUTION NO. 2004-100 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROPRIATING FUNDS FROM THE UNENCUMBERED TRAFFIC CONGESTION REUEF FUND (AB-2928) BALANCE, AND AUTHORIZING STAFF TO CREATE AND EXPEND ALL THE FUNDS IN A NEW STREET REHABIUTATION PROJECT WHEREAS, on October 10, 2003, cities statewide were issued grants by the State Controller provided by Assembly Bill 2928 (AB-2928) "Traffic Congestion Relief Fund"; and WHEREAS, funds allocated to a city under this bill (AB-2928) where put into a special account and must be used only for street and highway pavement maintenance, rehabilitation and reconstruction of necessary associated facilities such as drainage and traffic control devices; and WHEREAS, a balance of unencumbered funds ($221,204.74) remains in the account, which must be expended before the end of the fiscal year following the fiscal year in which the allocation was made; and WHEREAS, staff recommends that a new project Capital Improvement Program (CIP) street rehabilitation project be created and funded with the remaining unencumbered balance of the Traffic Congestion Relief Fund. NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does hereby authorize the creation of a new CIP street rehabilitation project named "Pavement Rehabilitation Program Fiscal Year 2004 - Overlay (STL-293)" be created. BE IT FURTHER RESOLVED that the remaining unencumbered balance of the "Traffic Congestion Relief Fund (AB-2928)," including any interest that has or will accrue to the fund, is hereby appropriated to new street rehabilitation project (STL-293). Presented by Approved as to form by ~~ Ann Moore City Attorney Resolution 2004-100 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 6th day of April, 2004, by the following vote: AYES: Councilmembers: NAYS: Councilmembers: ABSENT: Councilmembers: Davis, McCann, Rindone, Salas and Padilla None None ATTEST: ~j j/., 'I~ð "'...-- Susan Bigelow, CMC, City rk 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. 2004-100 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 6th day of April, 2004. Executed this 6th day of April, 2004. ~JJ tL>-. ~~ ð fi Susan Bigelow, CMC, City lerk ./