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HomeMy WebLinkAboutReso 2011-024RESOLUTION 2011-024 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROPRIATING AND APPROVING A BALANCE (REVENUE AND EXPENDITURES) TRANSFER FROM OTHER TRANSPORTATION PROGRAM FUND TO TRANSNETFUND WHEREAS, the TransNet Smart Grownh Incentive Program (SGIP) funds transportation and transportation-related infrastructure improvements and planning efforts that support smart growth development; and WHEREAS, the TransNet SGIP program was developed based on the 2005 SANDAG Pilot Smart Growth Incentive Program; and WHEREAS, the City of Chula Vista was awarded over $3 million dollars in capital and planning projects that were adopted in the Fiscal Year 2009/2010 CIP Program. A list of the projects are as follows: OP217 Palomar Gateway Specific Plan 73654 $400,000 OP218 Cacros Wren Habitat 73681 $373,048 STL361 Industrial Blvd Bike Lane and Pedestrian Improvements 73654 $283,900 STL362 Third Avenue Streetscape Improvements 73654 $2,000,000 Total WHEREAS, the above projects were budgeted under fund 73654 and 73681 respectively under "Other Transportation Program Funds" and titled Smart Growth Incentive and Environmental Mitigation; and WHEREAS, in an effort to ensure audit compliance and meet SANDAG requirements to report them under "TransNet," it is recommended that the current year revenue and expenditure budgets be transferred to TransNet fund 227. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approve a balance transfer for the Fiscal Yeaz 2010/2011 budget in the amount of $2,910,359 and actual revenues $39,757 and expenditures $265,105 from Other Transportation fund 736 to TransNet fund 227. Presented by Approved as to form by 6 Richard A. op s([ le Googins ~.,, Director of Public Vhorks City Atto ey ~~ ) Resolution No.2011-024 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 22nd day of February 2011 by the following vote: AYES: Councilmembers: Aguilar, Bensoussan, Castaneda, Ramirez and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None Cheryl Cox, Ma r ATTEST: 0 Donna R. Noms, C, 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. 2011-024 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 February 2011. Executed this 22nd day of February 2011. ~.~ ~ ~~ Donna R. N s~CMC, City Clerk