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HomeMy WebLinkAboutResolutions - No. 2018-65RESOLUTION NO.2018-65 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING APPROPRIATION OF FUNDS FOR LOCKEFORD STREET I M PROVEM ENT PROJ ECT RIGHT.OF-WAY ACQU I S ITION WHEREAS, over the past year, Public Works has been working on the design and environmental documents for the Lockeford Street lmprovement Project; and WHEREAS, this project requires acquisition of right-of-way from two parcels, located at 1 15 East Lockeford Street and 121 East Lockeford Street; and WHEREAS, on December 20, 2017, Council authorized the City Manager to execute all documents related to the Lockeford Street lmprovement Project right-of-way acquisition and appropriated $30,000; and WHEREAS, after granting environmental approval, Caltrans notified staff that the right- of-way acquisition would require an additional third-party appraisal reviewer, as well as a third-party acquisition company; and WHEREAS, the appropriated funding will cover the land acquisition costs and various processing and recording fees associated with the acquisition; and WHEREAS, staff recommends that the City Council appropriate funds in the amount of 920,000, from the fund balance of TDA Streets (30599000) for Fiscal Year 2017118. NOW, THEREFORE, BE lT RESOLVED that the Lodi City Council does hereby authorize an appropriation for the Lockeford Street lmprovement Project, in the amount of $30,000, as set forth above. Dated: April 18, 2018 I hereby certify that Resolution No. 2018-65 was passed and adopted by the City Council of the City of Lodi in a regular meeting held April 18,2018 by the following vote: AYES: COUNCIL MEMBERS - Chandler, Johnson, Mounce, and Mayor Nakanishi NOES: COUNCIL MEMBERS - None ABSENT: COUNCIL MEMBERS - Kuehne ABSTAIN: COUNCIL MEMBERS - None NIFER City Clerk 2018-65 FERRAIOLO