HomeMy WebLinkAboutCC RES 85-28
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RESOLUTION N0. 85-28
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TUSTIN REGARDING SB 429 (SEYMOUR) AND THE
CREATION OF AN ORANGE COUNTY UNIFIED TRANSPORTATION
TRUST FUND
WHEREAS, the City of Tustin has street and road maintenance,
construction, and operation needs far exceeding the resources presently
available; and
WHEREAS, in the aftermath of the defeat of Proposition A, there is no
single local source of revenue to help finance the transportation improvements
needed throughout Orange County; and
WHEREAS, the best short-term financial option appears to be the
re-examination of existing resources to maximize the transportation benefits
accruing to the county; and
WHEREAS, $85 million has been reserved in the Local Transportation
Fund by the Orange County Transit District and the Orange County Transportation
Commission to help pay for a future rapid transit system; and
WHEREAS, there is a need to both ease today's transportation problems
as well as save for a future capital investment in transit; and
WHEREAS, the Orange County Transportation Commission has proposed
that the interest earned on the $85 million reserved, estimated to be $8.5 to
$9.0 million per year, be deposited in a newly created Orange County Unified
Transportation Trust Fund and spent on local streets and roads, arterial
highways and other freeway-related transportation purposes; and
WHEREAS, state legislation is required to allow the interest on this
fund to be used far streets and roads, arterial highways, and other
freeway-related transportation purposes; and
WHEREAS, the Orange County Transportation Commission is developing
spending guidelines for the Orange County Unified Transportation Trust Fund in
consultation with the twenty-six cities and the County of Orange; and
WHEREAS, the City of Tustin will be eligible to receive funds from
the Orange County Unified Transportation Trust Fund to help pay for needed
transportation projects.
NOW, THEREFORE BE IT RESOLVED, that the City of Tustin endorses the
creation of an Orange County Unified Transportation Trust Fund for local
streets and roads, arterial highways, and other freeway-related transportation
purposes; and
C
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BE IT FURTHER RESOLVED, that the City of Tustin supports SB 429
(Seymour) which would allow the interest on the $85 million reserved in Orange
County's Local Transportation Fund to be used for these purposes.
PASSED AND ADOPTED by the City Council of the City of Tustin,
California, this 18th day of March, 1985.
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ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) §
CITY OF TUSTIN }
MARY E. WYNN, City C1 erk and ex-off i ci o C1 erk of the City Counci 1 of the City of
Tustin, California, does hereby certify that the whole number of the members of
the City Council of the City of Tustin is five; that the above and foregoing
Resolution No. 85-28 was duly and regularly introduced, passed and adopted at a
regular meeting of the City Council held on the 18th day of March, 1985, by the
following vote:
AYES COUNCILPERSONS: Edgar, Greinke, Hoesterey, Kennedy, Saltarelli
NOES COUNCILPERSONS: None
ABSENT: COUNCILPERSONS: None
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MARY E. WYNN, Ci Clerk
City of Tustin, lifornia