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HomeMy WebLinkAboutResolutions - No. 2001-07RESOLUTION NO. 2001-07 A RESOLUTION OF THE LODI CITY COUNCIL CERTIFYING THAT THE CITY OF LODI WILL SUSTAIN ITS LEVEL OF EXPENDITURES FOR TRANSPORTATION PURPOSES FOR THE ALLOCATION OF FUNDS FROM THE STATE UNDER ASSEMBLY BILL 2928 WHEREAS, in October 2000, the City received funds from the State allocating the City's share of the money provided by AB 2928, along with certain requirements on the handling of these funds; and WHEREAS, these funds may only be used for street and highway pavement maintenance, rehabilitation and reconstruction of necessary associated facilities, such as drainage and traffic control devices; and WHEREAS, rehabilitation or reconstruction may include widening to bring the roadway width to the desirable minimum pavement width consistent with accepted design standards for local streets, but does not include widening for increasing the traffic capacity of a street; and WHEREAS, the new revenue for local streets subventions is to be used for specific maintenance and repair purposes, and imposes a Maintenance of Effort (MOE) provision which requires cities to maintain their current level of City general fund expenditures for transportation purposes; and WHEREAS, the MOE will be based on averaging the street expenditures for the last three fiscal years (1997198, 1998199, and 1999100). According to Finance Department records, the MOE requirement will be $2,478,715.00; and WHEREAS, complying with the MOE requirement is essential to be eligible for future funding under AB 2928, as future funding is expected to be equivalent to approximately $100 million annually over the next five years and is to be split 50% to cities and 50% to counties; and WHEREAS, AB 2928 contains a "use it or lose it" provisions which requires that the monies be expended by June 30, 2002, and if not used must be returned to the State Controller for redistribution. NOW, THEREFORE, BE IT RESOLVED, that the Lodi City Council hereby certifies that the City of Lodi will sustain its level of expenditures for Transportation purposes for the allocation of funds from the State under Assembly Bill 2928. Dated: January 17, 2001 I hereby certify that Resolution No. 2001-07 was passed and adopted by the Lodi City Council in a regular meeting held January 17, 2001 by the following vote: AYES: COUNCIL MEMBERS — Hitchcock, Howard, Land, Pennino and Mayor Nakanishi NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None SUSAN J.BLACKSTON City Clerk 2001-07