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4 <br />9 <br />10 <br />11 <br />12 <br />11) <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />2; <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-26-25 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON <br />AMENDING THE FISCAL YEAR 2024/2025 CAPITAL IMPROVEMENT <br />BUDGET FOR MT. VERNON AVE. OVER UPRR TRACK BRIDGE <br />WIDENING PROJECT <br />WHEREAS, the City of Colton ("City") is a municipal corporation duly organized <br />and existing pursuant to the Constitution and laws of the State of California; and, <br />WHEREAS, the City intends to support the City's goal to improve the City's traffic <br />safety and infrastructure; and, <br />WHEREAS, the City of Colton Highway Bridge Program funding through Caltrans <br />in the amount of $1,041,113 for the Right of Way phase of Mt. Vernon Ave. Over UPRR <br />Track Bridge Widening Project; and, <br />WHEREAS, the federal funding requires local match that will be provided through <br />Regional Traffic Impact Fee fund in the amount of $133,619 (43.6%) and Arterial <br />Measure I in the amount of $172,847 (56.4%); and, <br />WHEREAS, a budget appropriation not listed in the Fiscal Year 2024/2025 budget <br />is required and must be approved by resolution of the City Council. <br />NOW, THEREFORE BE IT RESOLVED, DETERMINED, AND ORDERED BY THE CITY <br />COUNCIL FOR THE DISTRICT, AS FOLLOWS: <br />Section 1 The above recitals are true and correct. <br />Section 2 The City Council authorizes the following amendment for the Fiscal Year <br />2024/2025 budget: <br />• Increase revenues by $1,041,113 in account number 225-5886-001; <br />® Appropriate $.1,.041,11.3in account number 450-1307-698.7-38.90-0000-000 for <br />Mt. Vernon Ave. Over UPRR Track Bridge Widening Project; and, <br />® Increase appropriation in 225-1000-1000-5993-450 in the amount of $1,041,113 <br />to cover the transfer of funds for the additional project cost, and, <br />• Increase revenues by $1,041,113 in 450-5993-225 to reflect transfer from fund <br />225; and, <br />• Appropriate $133,619 in account number 450-1307-6900-3890-0000-000 for Mt. <br />Vernon Ave. Over UPRR Track Bridge Widening Project from Local Traffic <br />Impact Fee; and, <br />