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HomeMy WebLinkAboutReso 2010-166RESOLUTION NO. 2010-166 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPRIJVING TRANSPORTATION DEVELOPMENT ACT (TD.A) AND TRANSPORTATION EQUITY ACT (TEA) 21 FUND RECONCILIATION, TRANSFER AND ALLOCATION ADJUSTMENTS AND AUTHORIZING AN APPROPRIATION IN THE AMOUNT OF $25,344 FROM THE GENERAL FUND TO CLOSE COMPLETED PROJECTS STM334, ST922 AND ST298 WHEREAS, TDA and TEA-21 funds also are budgeted for several infrastructure projects approved in the Citywide Capital Improvement Program; and WHEREAS, the TDA program was enacted in 1971 and TDA funds are generated from a tax ofone-quarter of one percent on all retail sales in each County; and WHEREAS, the regional metropolitan planning agency, San Diego Association of Governments (SANDAG) programs these funds to local municipalities; and WHEREAS, most recently several audit exceptions resulted in project deficits; and WHEREAS, staff is recommending TDA transfers and allocation adjustments to mitigate cash allocation discrepancies and ensure future audit compliance; and WHEREAS, there is an impact to the General Fund of $25,168 necessary to address the deficit in two prior year completed projects - STM334 H Street Reconstruction and ST922 Palomar St, 1-5 to Industrial. Per SANDAG, these projects were completed in prior years and are not eligible for a reallocation of funds from current fund balances; and WHEREAS, the reallocation of funds will address project surplus and/or deficits without impact to existing projects. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approve the Transportation Development Act and Transportation Equity Act 21 fund reconciliation, transfer and allocation adjustments and authorizes an appropriation in the amount of $25,344 from the General Fund to close completed projects STM334, ST922 and ST298. Presented by Richard A. H pkins Director of Public orks Approved as to form by ~~ s B C. Miesf City Atto y Resolution No. 2010-166 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 22nd day of June 2010 by the following vote: AYES: Councilmembers: Bensoussan, Castaneda, Thompson and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: Ramirez Cheryl Cox, yor ATTEST: Donna R. Noms, CMC, City Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2010-166 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 22nd day of June 2010. Executed this 22nd day of June 2010. ~,~~~ Donna R. Noms, CMC, City Clerk