Loading...
HomeMy WebLinkAbout12 ADOPT RESO 10-102 TO RELOCATE SURPLUS STATE PROPOSITION 1B FUNDS TO ANNUAL PAVEMENT MAINT PROJECT CIP NO. 70001• A enda Item 12 AGENDA REPORT Reviewed: ~,,,~? ' City Manager Finance Director MEETING DATE: NOVEMBER 2, 2010 TO: DAVID C. BIGGS, CITY MANAGER FROM: DOUGLAS S. STACK, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER SUBJECT: ADOPT RESOLUTION NO. 10-102 TO REALLOCATE SURPLUS STATE PROPOSITION 1 B FUNDS TO THE ANNUAL PAVEMENT MAINTENANCE PROJECT CIP NO. 70001 SUMMARY On May 6, 2008, the City Council adopted Resolution No. 08-29, amending the Capital Improvement Program (CIP) for Fiscal Year 2007-08 to recognize funding from State Proposition 1 B for the Jamboree Road Pavement Rehabilitation Project CIP No. 70194. The Jamboree Road Pavement Rehabilitation Project has now been completed. Adoption of Resolution No. 10-102 will enable the City to reallocate surplus State Proposition 1 B funds from the Jamboree Road Project to this year's Annual Major Pavement Maintenance Project CIP No. 70001. RECOMMENDATION It is recommended that the City Council adopt Resolution No. 10-102 amending the Capital Improvement Program for Fiscal Year 2010-11 to reallocate surplus State Proposition 1 B funds from the Jamboree Road Pavement Rehabilitation Project CIP 70194 to the Annual Major Pavement Maintenance Project CIP No. 70001. FISCAL IMPACT The recommended action will amend the Fiscal Year 2010-11 Capital Improvement Program Budget by reallocating $1,097,315 of existing budget appropriations from the Jamboree Road Pavement Rehabilitation Project CIP No. 70194 to the Annual Major Pavement Maintenance Project CIP 70001. BACKGROUND In 2006, the voters of California approved Proposition 1 B authorizing the sale of various bonds for infrastructure improvements. Proposition 1 B specified that a portion of the bond proceeds be allocated directly to cities for local street and road improvements. The City of Tustin received $1,166,789 in Fiscal Year 2007-08 and allocated those funds to the Jamboree Road Pavement Rehabilitation Project CIP 70194. . In Fiscal Year 2009-10, the City received American Reinvestment and Recovery Act of 2009 (ARRA) federal stimulus funds in the amount of $813,324 for the Jamboree Road Pavement Rehabilitation Project, resulting in a surplus of funds in the project budget. The Jamboree Road Pavement Rehabilitation Project has been completed and was accepted by the City Council on September 21, 2010. The final project accounting shows a surplus of State Proposition 1 B funds in the amount of $1,097,315, which the City is required to expend by June 30, 2011. Reallocation of Proposition 1 B Funds November 2, 2010 Page 2 It is recommended that these unused appropriated funds be reallocated to this year's Annual Major Pavement Maintenance Project CIP No. 70001. The additional funds will enable the expansion of the project scope to include pavement rehabilitation at the following locations: • Edinger Avenue between the Santa Ana-Santa Fe Channel and Jamboree Road; • Red Hill Avenue between Barranca Parkway and Valencia Avenue; • Jamboree Road between the OCTA/SCRRA Railway and Barranca Parkway; and • Yorba Street between Irvine Boulevard and Seventeenth Street. City Council Adoption of Resolution No. 10-102 will formally reallocate the surplus Proposition 1 B funds to the n al Major Pavement Maintenance Project CIP No. 70001. • ~~/ ~ ~~~ D ug s .Stack, P.E. Dana R. Kasdan, P.E. Di o f Public Works/City Engineer Engineering Services Manager Attachments: Resolution No. 10-102 S:\City Council Items\2010 Council Items\Reallocation Surplus Prop 1 B jm.docx RESOLUTION NO. 10-102 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA AMENDING RESOLUTION NO. 10-67, WHICH ADOPTED THE CITY OF TUSTIN'S BUDGET FOR FISCAL YEAR 2010-11, TO ADJUST THE CAPITAL IMPROVEMENT PROGRAM BUDGET TO REALLOCATE SURPLUS STATE PROPOSITION 1 B FUNDS FROM THE JAMBOREE ROAD PAVEMENT REHABILITATION PROJECT CIP 70194 TO THE ANNUAL MAJOR PAVEMENT MAINTENANCE PROJECT, FY 10/11 CIP NO. 70001 WHEREAS, on June 15, 2010, the City Council of the City of Tustin approved Resolution No. 10-67, which approved the Capital Improvement Program Budget for Fiscal Year 2010-11; and WHEREAS, the City's Capital Improvement Program Budget has previously included funding from State Proposition 1 B for construction of the Jamboree Road Pavement Rehabilitation Project CIP 70194 in the amount of $1,166,789; and WHEREAS, construction of the Jamboree Road Pavement Rehabilitation Project CIP 70194 has been completed and the project was accepted by the City Council of the City of Tustin on September 21, 2010 by adoption of Resolution No. 10-86; and WHEREAS, the final project accounting for the Jamboree Road Pavement Rehabilitation Project CIP 70194 shows a surplus of State Proposition 1 B funds in the amount of $1,097,315; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Tustin, California, hereby amends Resolution No. 10-67 to adjust the Capital Improvement Program Budget for Fiscal Year 2010-11 to reallocate surplus State Proposition 1 B funds from the Jamboree Road Pavement Rehabilitation Project CIP 70194 in the amount of $1,097,315 to the Annual Major Pavement Maintenance Project FY 10/11 CIP 70001 to provide for pavement rehabilitation on Edinger Avenue between the Santa Ana-Santa Fe Channel and Jamboree Road, Red Hill Avenue between Barranca Parkway and Valencia Avenue, Jamboree Road between the OCTA/SCRRA Railway and Barranca Parkway, and Yorba Street between Irvine Boulevard and Seventeenth Street. BE IT FURTHER RESOLVED that the City Council of the City of Tustin hereby authorizes staff to provide the State Department of Finance with a certified copy of Resolution No. 10-102 to document City Council approval of the budget amendment. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin held on the 2"d day of November 2010. Jerry Amante, Mayor ATTEST: City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council is five; that the above and foregoing Resolution No. 10-102 was duly and regularly passed and adopted at a regular meeting of the City Council held on the 2"d day of November, 2010 by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER, City Clerk