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HomeMy WebLinkAbout2008-38 - Proposition 1B FundsRESOLUTION NO. 2008 - 38 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE SUBMITTAL OF A FUNDING PROPOSAL TO THE CALIFORNIA DEPARTMENT OF FINANCE (DOF) FOR THE CITY TO RECEIVE ITS FY 2007 -2008 ALLOCATION OF PROPOSITION 1B LOCAL STREETS AND ROADS IMPROVEMENT, CONGESTION RELIEF, AND TRAFFIC SAFETY ACCOUNT FUNDS WHEREAS, the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006, approved by the voters as Proposition 1 B in November 2006, included $2 billion for cities and counties to fund the maintenance and improvement of local transportation facilities; and WHEREAS, the California Budget Act, ch. 172, Stats 2007 (SB 78) appropriates a total of $950 million of these funds in 2007 -08. Of this amount $550 million will be allocated to cities based on population; and WHEREAS, the Citys population share of the statewide total is $1,354,589; and WHEREAS, the Public Works Department recommends that the Corona del Mar street rehabilitation project be submitted for the Proposition 1B Local Street and Road Maintenance Funds; and WHEREAS, the cost estimate for this project is $3,308,000 with funding included in the proposed Capital Improvement Program budget for FY 2008 -2009. NOW, THEREFORE, BE IT RESOLVED that the Council of the Newport Beach authorizes the Department of Public Works to submit a funding proposal to the California Department of Finance (DOF) for the City to receive its FY 2007 -2008 allocation of Proposition 16 Local Streets And Roads Improvement, Congestion Relief, And Traffic Safety Account Funds for the following project: Corona del Mar Street Rehabilitation: Street resurfacing including replacement of damaged portions of curb, gutter and sidewalk in the residential area of Corona del Mar generally bounded by Avocado Avenue, East Coast Highway and Bayside Drive; Bayside Drive between Jamboree Road and El Paseo Drive; and Dove Street between Campus Drive and Birch Street. BE IT FURTHER RESOLVED that the DOF allocation of $1,354,589 be recognized as revenue to be received in the FY 2008 -2009 fiscal year. ADOPTED THIS 27TH DAY OF MAY. 20C ATTEST: STATE OF CALIFORNIA } COUNTY OF ORANGE CITY OF NEWPORT BEACH } I, LaVonne M. Harkless, city Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; that the foregoing resolution, being Resolution No. 2008 -38 was duly and regularly introduced before and adopted by the City Council of said City at a regular meeting of said Council, duly and regularly held on the 27th day of May 2008, and that the same was so passed and adopted by the following vote, to wit: Ayes: Henn, Rosansky, Daigle, Webb, Curry, Gardner, Mayor Selich Noes: None Absent: None Abstain: None IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 28th day of May 2008. (Seal) City Clerk Newport Beach, California