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HomeMy WebLinkAbout084-2012RESOLUTION NO. 84-2012 APPROVING THE SECOND REVISED EXPENDITURE PLAN FOR USE OF THE PROPOSITION 1B -LOCAL STREETS AND ROADS IMPROVEMENT, CONGESTION RELIEF, AND TRAFFIC SAFETY ACCOUNT FUNDS AND REVISING THE FUNDING IN THE 2011/12 CAPITAL IMPROVEMENT PROGRAM PROJECTS WHEREAS, Proposition 1B provides $19.925 billion in bond funds for a variety of transportation priorities, including $2 billion for cities, towns, and counties to fund maintenance and improvement of local transportation facilities; and WHEREAS, a total of $959 million has been appropriated for distribution; and WHEREAS, the Town of Danville received $685,208 in Fiscal Year 2007/08 allocation and $633,321 in Fiscal Year 2008/09, a total of $1,318,529 in Proposition 1B funds; and WHEREAS, the Town Council wishes to adjust the Proposition 1B Expenditure Plan to reflect actual costs for projects in the Capital Improvement Program; and WHEREAS, the revisions in the Proposition 1B Expenditure Plan result in revision to the 2011/12 Capital Improvement Program projects using Proposition 1B funding; and WHEREAS, expenditures for pavement maintenance qualify for Proposition 1B funds; now, therefore, be it RESOLVED, by the Danville Town Council that the revised plan for use of Proposition 113-Local Streets and Roads Improvement, Congestion Relief, and Traffic Safety Account Funds is shown as Exhibit 1, attached and made a part hereto; and, be it further RESOLVED, that the 2011/12 Capital Improvement Program projects C -319, C -487, C -545, C -511, and C -547 are hereby revised to reflect the changes in the Proposition 1B Expenditure Plan revisions as shown on Exhibit 1. APPROVED by the Danville Town Council at a regular meeting on June 19, 2012, by the following vote: AYES: Andersen, Arnerich, Doyle, Stepper, Storer NOES: None ABSTAINED: None ABSENT: None APPROVED AS TO FORM: /3 CITY ATTORNEY ATTEST: CITY CLERK PAGE 2 OF RESOLUTION NO. 84-2012